投资组合 - 31/05/2012

Counter	ABP	Ratio	31/05/2012
SunReit, 5176	0.81	14.57%	1.29
GAB, 3255	8.97	15.96%	13.00
Maybank, 1155	7.00	8.63%	8.75
CASH	-	60.82%	-

1/1/12 ~ 31/05/12 回酬 = 6.21% （比较大市 3.26%）

投资记录：

• Sell KLK @ 24.30,24.40,24.46
• Sell Bkawan @ 18.68, 17.74
• Sell Maybank @ 8.51,8.52,8.53,8.54

投资组合 - 30/04/2012

Counter	ABP	Ratio	30/04/2012
SunReit, 5176	0.81	15.05%	1.26
GAB, 3255	10.15	23.55%	12.96
BKAWAN, 1899	15.97	7.81%	18.80
Maybank, 1155	7.94	23.79%	8.63
KLK, 2445	22.28	6.14%	23.64
CASH	-	23.64%	-

1/1/12 ~ 30/04/12 回酬 = 3.63% （比较大市 2.61%）

投资记录：

• Share vs Cash: 76.36% vs 23.64%
• Sell KLK @ 24.30,24.40,24.46
• DIV Maybank Ex:27/04/2012; PD:04/06/2012

投资组合 - 30/03/2012

Counter	ABP	Ratio	31/03/2012
SunReit, 5176	0.81	14.86%	1.25
PBBank,1295F	12.95	0.00%	13.62
GAB, 3255	10.15	23.67%	13.08
BKAWAN, 1899	15.97	7.73%	18.68
Maybank, 1155	8.21	24.34%	8.87
KLK, 2445	22.28	21.62%	24.60
CASH	-	0.10%	-

1/1/12 ~ 30/03/12 回酬 = 3.34% （比较大市 4.29%）

投资记录：

• Share vs Cash: 92.24% vs 7.76%
• DIV GAB Ex:28/03/2012; PD:26/04/2012

投资组合 - 29/02/2012

Counter	ABP	Ratio	31/02/2012
SunReit, 5176	0.81	16.34%	1.26
PBBank,1295F	12.95	0.00%	13.62
GAB, 3255	10.15	26.44%	13.40
BKAWAN, 1899	15.97	8.48%	18.80
Maybank, 1155	8.21	26.19%	8.75
KLK, 2445	22.28	22.44%	23.42
CASH	-	0.10%	-

1/1/12 ~ 29/02/12 回酬 = -2.92% （比较大市 2.54%）

投资记录：

• Share vs Cash: 99.90% vs 0.10%
• Buy KLK @ 25.14
• Buy BKAWAN @ 19.30
• DIV KLK Ex:21/02/2012; PD:16/03/2012
• DIV BKawan Ex:21/02/2012; PD:20/03/2012
• DIV PBB Ex:15/02/2012; PD:27/02/2012
• Sell PBB @ 13.62
• Buy Maybank @ 8.56
• DIV SunReit Ex:22/02/2012; PD:09/03/2012

投资组合 - 31/01/2012

Counter	ABP	Ratio	31/01/2012
SunReit, 5176	0.83	16.70%	1.29
PBBank,1295F	13.23	7.64%	13.58
GAB, 3255	10.75	24.43%	12.40
BKAWAN, 1899	14.22	4.32%	19.20
Maybank, 1155	7.95	14.35%	8.20
KLK, 2445	22.28	14.47%	25.70
CASH	-	18.06%	-

1/1/12 ~ 31/01/12 回酬 = 0.52% （比较大市 -0.62%）

投资记录：

• Share vs Cash: 81.94% vs 18.06%
• DIV GAB Ex:09/01/2012; PD:20/01/2012

投资组合 - 30/12/2011

Counter	ABP	Ratio	30/12/2011
SunReit, 5176	0.83	16.27%	1.25
PBBank,1295F	13.23	7.47%	13.20
GAB, 3255	10.42	23.61%	13.46
BKAWAN, 1899	14.22	3.95%	17.46
Maybank, 1155	7.95	15.09%	8.30
KLK, 2445	22.28	12.84%	22.70
CASH	-	20.74%	-

1/1/11 ~ 30/12/11 回酬 = 7.21% （比较大市 -0.78%）

投资记录：

• Share vs Cash: 70.26% vs 29.74%
• Buy KLK @ 22.28
• Buy GAB @ 22.28

投资组合 - 30/11/2011

Counter	ABP	Ratio	30/11/2011
SunReit, 5176	0.83	17.32%	1.17
PBBank,1295F	13.23	8.04%	12.50
GAB, 3255	9.66	18.63%	11.58
BKAWAN, 1899	14.22	4.31%	16.74
Maybank, 1155	7.95	8.30%	8.30
Vitrox,0097	1.38	5.81%	0.880
CASH	-	29.74%	-

1/1/11 ~ 30/11/11 回酬 = 4.23% （比较大市 -3.08%）

投资记录：

• Share vs Cash: 70.26% vs 29.74%
• Attended GAB AGM, 3 November 2011. Free beer!
• Sold Vitrox at 0.935. Changed strategy to passive income play.
• DIV SunReit Ex:15/11/2011; PD:01/12/2011
• DIV GAB Ex:11/11/2011; PD:12/12/2011
• Buy Maybank @ 8.18

投资组合 - 31/10/2011

Counter	ABP	Ratio	31/10/2011
SunReit, 5176	0.83	17.10%	1.13
PBBank,1295F	13.43	8.36%	12.70
GAB, 3255	10.10	17.73%	10.78
BKAWAN, 1899	14.22	4.18%	15.90
Maybank, 1155	8.23	8.38%	8.36
Vitrox,0097	1.38	15.15%	0.990
CASH	-	29.10%	-

1/1/11 ~ 31/10/11 回酬 = 1.95% （比较大市 -1.78%）

投资记录：

• Share vs Cash: 70.90% vs 29.10%
• Buy GAB 10.64, Trading purpose or Dividend purpose.

投资组合 - 30/09/2011

Counter	ABP	Ratio	30/09/2011
SunReit, 5176	0.83	19.22%	1.11
PBBank,1295F	13.43	9.29%	12.34
GAB, 3255	9.82	12.69%	9.923
BKAWAN, 1899	14.22	4.50%	14.96
Maybank, 1155	8.23	9.17%	8.00
Vitrox,0097	1.38	16.01%	0.915
CASH	-	29.11%	-

1/1/11 ~ 30/9/11 回酬  = -1.64% （比较大市 -8.66%）

投资记录：

• Share vs Cash: 70.89% vs 29.11%
• DIV SunReit Ex:26/08/2011; PD:21/09/2011
• Buy GAB 10, Dividend purpose.
• Buy BKAWAN 14.22, Dividend purpose & market sharp drop.
• Buy GAB 9.45, Dividend purpose & market sharp drop.

投资组合 - 31/08/2011

Counter	ABP	Ratio	31/08/2011
SunReit, 5176	0.83	18.74%	1.08
PBBank,1295F	13.43	9.85%	13.40
PCHEM, 5183	5.23	0.00%	6.53
MHB, 5186	5.87	0.00%	6.64
Maybank, 1155	8.23	6.73%	8.72
Vitrox,0097	1.38	18.77%	1.07
CASH	-	45.90%	-

1/1/11 ~ 31/8/11 回酬  =  1.11% （比较大市 -4.72%）

投资记录：

• Share vs Cash: 54.10% vs 45.90%
• DIV PBBank Ex:05/08/2011; PD:17/08/2011
• Sell PCHEM 6.53, election & global unstable. Plan to return in 18 months.
• Sell MHB 6.60, election & global unstable. Plan to return in 18 months.

投资组合 - 29/07/2011

Counter	ABP	Ratio	29/07/2011
SunReit, 5176	0.83	18.32%	1.14
PBBank,1295F	13.43	9.38%	13.40
PCHEM, 5183	5.23	9.57%	6.85
MHB, 5186	5.87	6.26%	7.65
Maybank, 1155	8.23	6.26%	8.76
Vitrox,0097	1.38	22.74%	1.40
CASH	-	28.38%	-

1/1/11 ~ 29/7/11 回酬  =  9.20% （比较大市 1.97%）

投资记录：

• Share vs Cash: 71.62% vs 28.38%
• DIV Vitrox Ex:28/06/2011; PD:28/07/2011
• Buy PBBank @13.35
• DIV PCHEM Ex:03/08/2011;PD:25/08/2011

投资组合 - 30/06/2011

Counter	ABP	Ratio	30/06/2011
PPB集團（PPB, 4065)	8.97	0.00%	17.22
SunReit, 5176	0.83	18.45%	1.11
PCHEM, 5183	5.23	10.25%	7.09
MHB, 5186	5.87	6.02%	8.33
Maybank, 1155	8.23	6.61%	8.94
Vitrox,0097	2.08	22.63%	2.02
CASH	-	36.05%	-

1/1/11 ~ 30/6/11 回酬  =  8.90% （比较大市 3.96%）

投资记录：

• Share vs Cash: 63.95% vs 36.05%
• Sell PPB @17.12, reason-personal funding restructure
• DIV Vitrox Ex:28/06/2011; PD:28/07/2011
• Buy Vitrox @ 2.074
• Buy Vitrox @ 2.04

投资组合 - 31/05/2011

Counter	ABP	Ratio	31/05/2011
PPB集團（PPB, 4065)	8.97	3.91%	17.40
SunReit, 5176	0.83	18.27%	1.10
Nestle,4707	44.31	0.00%	47.78
PCHEM, 5183	5.23	10.85%	7.24
MHB, 5186	5.87	5.81%	7.75
Maybank, 1155	8.23	6.83%	8.91
CASH	-	54.33%	-

1/1/11 ~ 31/5/11 回酬  =  8.43% （比较大市 2.59%）

投资记录：

• Share vs Cash: 45.67% vs 54.33%
• DIV PPB Ex:20/05/2011; PD:10/06/2011
• Sell NESTLE @48.50, reason-personal funding restructure

投资组合 - 29/04/2011

Counter	ABP	Ratio	29/04/2011
PPB集團（PPB, 4065)	8.97	3.83%	16.98
SunReit, 5176	0.85	19.02%	1.10
Nestle,4707	44.31	10.82%	47.98
PCHEM, 5183	5.23	10.86%	7.23
MHB, 5186	5.87	5.17%	6.88
Maybank, 1155	8.60	6.58%	8.75
CASH	-	43.73%	-

1/01/11 ~ 29/04/11 回酬  = 8.09% （比较大市 1.06%）

投资记录：

• Share vs Cash: 56.27% vs 43.73%
• DIV Maybak Ex:12/04/2011; PD:12/05/2011

投资组合 - 31/03/2011

Counter	ABP	Ratio	31/03/2011
PPB集團（PPB, 4065)	8.97	3.86%	17.02
SunReit, 5176	0.85	18.59%	1.07
Nestle,4707	44.31	10.74%	47.40
PCHEM, 5183	5.23	11.13%	7.37
MHB, 5186	5.87	5.19%	6.87
Maybank, 1155	8.60	6.80%	9.01
CASH	-	43.69%	-

1/01/11 ~ 31/03/11 回酬  = 6.97% （比较大市 1.73%）

投资记录：

• Share vs Cash: 56.31% vs 43.69%
• Japan earthquake: nuclear disaster事件, 卖完投机的PCHEM

投资组合 - 28/02/2011

Counter	ABP	Ratio	28/02/2011
PPB集團（PPB, 4065)	8.97	3.93%	16.50
SunReit, 5176	0.85	18.63%	1.02
Nestle,4707	44.31	10.72%	45.00
PCHEM, 5183	6.19	30.02%	6.30
MHB, 5186	5.87	5.01%	6.31
Maybank, 1155	8.60	6.86%	8.62
CASH	-	24.82%	-

1/01/11 ~ 28/02/11 回酬  = 2.31% （比较大市 -1.82%）

投资记录：

• Share vs Cash: 75.18% vs 28.82%
• DIV SunREIT Ex:16/02/2011; PD:14/03/2011

投资组合 - 31/01/2011

Counter	ABP	Ratio	31/01/2011
PPB集團（PPB, 4065)	8.97	4.08%	17.08
SunReit, 5176	0.865	19.24%	1.05
Nestle,4707	44.31	10.69%	44.70
PCHEM, 5183	5.54	4.87%	6.11
MHB, 5186	5.87	4.65%	5.83
CASH	-	56.47%	-

1/1/11 ~ 31/01/11 回酬  = 2.03% （比较大市 0.07%）

投资记录：

• Share vs Cash: 43.53% vs 56.47%
• DIV SunREIT Ex:16/02/2011; PD:14/03/2011

投资组合 - 30/12/2010

Counter	ABP	Ratio	30/12/2010
PPB集團（PPB, 4065)	8.97	4.21%	17.26
SunReit, 5176	0.865	19.26%	1.03
Nestle,4707	44.31	10.57%	43.34
CASH	-	65.96%	-

1/01/10 ~ 30/12/10 回酬  = 9.78% （比较大市 19.34%）

投资记录：

• Share vs Cash: 34.04% vs 65.96%
• 08/12/2010 Buy PPB @ 17.00 - Price drop too deep.
• 27/12/2010 Sell PPB @ 16.7 - Lock-in profit, return when manage to see clearer pictures of prospect.
• - Lesson learn, sell when condition unclear & MUST lock-in profit as early as possible. Buy back, when condition is clear, market always there for us.

投资组合 - 30/11/2010

Counter	ABP	Ratio	30/11/2010
PPB集團（PPB, 4065)	15.18	24.67%	17.88
大眾銀行（PBBANK,1295)	11.67	0.00%	12.80
SunReit, 5176	0.865	18.34%	1.01
Nestle,4707	44.31	10.21%	43.10
CASH	-	47.45%	-

1/1/10 ~ 30/11/10 回酬  = 10.87% （比较大市 16.69%）

投资记录：

• Share vs Cash: 52.55% vs 47.45%
• 08/11/2010 Sell PPB @ 19.22 - Time to adjust share vs cahs ratio
• 10/11/2010 Sell PBB @ 12.80 - Time to adjust share vs cahs ratio
• 10/11/2010 Sell PPB @ 19.36 - Wilmar Quarter report drop 60%++
• 11/11/2010 buy PPB @ 18.20 - Wilmar Quarter report drop 60%++
• 23/11/2010 Sell PBB @ 12.78 - Wish to adjust share vs cahs ratio & time to learn sell high(own emotion chocie), buy back if wrong decision in 3-6 months
• DIV SunREIT Ex:24/11/2010; PD:30/12/2010

投资组合 - 31/10/2010

Counter	ABP	Ratio	29/10/2010
明訊（MAXIS, 6012）	4.45	0.00%	5.29
PPB集團（PPB, 4065)	15.39	38.47%	19.20
大眾銀行（PBBANK,1295)	11.67	19.49%	12.72
SunReit, 5176	0.88	26.56%	0.98
Nestle,4707	44.31	15.49%	43.80

1/1/10 ~ 31/10/10 回酬  = 11.84% （比较大市 18.30%）

投资记录：

• Share vs Cash: 66.41% vs 33.59%
• 18/10/2010 Sell Maxis @ 5.34
• 19/10/2010 Buy Nestle @ 44.31
• 19/10/2010 Sell Maxis @ 5.31