In the month of April 2024, divested Fu Yu at price $0.132 after holding it for almost 3 years. It was acquired in May 2021 under the Strategic section of the Investment Portfolio at $0 cost. With the divest, this resulted in a realized gain of +2.72% with reference to the cost of the Income section. The amount of dividend collected so far was 0.49% with reference to the cost of the Income section. This gave a total realized gain of +3.21% with reference to the cost of the Income section.
Reason for the divesting is not on the bearish perspective of the stock market going forward but a strategic move. Initially, it was an ease to accumulate more quantity at $0 cost but that became more and more challenging for the past 1 to 2 years. As such, it is strategically wise to divest the holding so that the focus could be directed to other more meaningful strategic positions.
Just some food of thoughts for STI to share...