icapital.biz - English Vol 27 No 21

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The Eclectic Trader
KLCI
Source: Capital Dynamics Source: Capital Dynamics
Source: Capital Dynamics Source: Capital Dynamics
Portfolio Performance at 31 Dec 2015
Source: Capital Dynamics
NIKKEI:
The weak Yen based rally on
the Tokyo stock market has
been busted. For now, as the
Tokyo market is oversold, a
rebound is seen but i Capital’s
advice is for investors to
sell into such short-lived
rebounds.
NYSE:
After a lousy start to 2016,
what the NYSE needs now
to make 2016 a lousy year
is a strong Jan employment
report as this would make the
quandary that the Federal
Reserve has been facing even
worse. For now, a rebound is
expected.
Recent Performance
20 Dec 2015 20 Jan 2016 % Change
ICAP NAV (RM) 2.95 3.00 1.69
ICAP PRICE (RM) 2.28 2.26 -0.88
KLCI (RM) 1,643.90 1,618.83 -1.53
Total Return, From Inception
Since inception (%) Annual compound return (%)
210.45 11.67
132.94 8.59
77.08 5.73
NAV (as at 20 Jan 2016) RM3.00
Share Price RM2.26
Premium(+)/ -24.67%
Discount(-)
KLCI 1,618.83
*Special Dividend of 9.5 sen per share less Income Tax of 25% for the financial year ended 31 May 2013 is deducted from NAV and share price as at 17th September 2013.
NOTE: % change and Total Returns are calculated based on the announced figures plus the dividend paid.
Introduction
Berhad is a RM140
million Closed-end Fund, listed
on the Main Board of Bursa
Malaysia in 2005. The fund is
managed by Capital Dynamics
Asset Management Sdn Bhd and
advised by Capital Dynamics Sdn
Bhd. It is currently the only listed
closed-end fund in Malaysia.
Berhad (ICAP,5108)
Fund Manager Capital Dynamics Asset Management Sdn Bhd
Paid-up Capital 140 million shares
Listed on Bursa Malaysia’s Main Market
Structure Closed-end
INCEPTION DATE – 19 OCTOBER 2005
KLCI = Kuala Lumpur Composite Index
ICAP CUMULATIVE PERFORMANCE IN MYR
(19 OCT 2005 TO 20 JAN 2016)
The performance of Berhad for the period 19 October 2005 to 31 Dec 2014 has been independently verified. The performance for the period 1 January 2015 to 20
January 2016 is believed to be reliable, but has not been independently verified. Past performance and any forecast are not necessarily indicative of future or likely performance.
Source: Capital Dynamics
cumulative return annual return
Cash balance at 14 Jan 2016: RM 181,965.62
Add: Dividend: RM 180.00
Less: -
Net Cash Balance Available: RM 182,145.62
Asset Allocation Percent (%) Amount (RM)
Cash 86 182,145.62
Equities 14 28,605.00
Total 100 210,750.62
Counter Date bought Qty Price KLSE CI Total cost Current price +/-
Notion 24.11.2015 15,000 RM0.395 1677.03 RM5,975.29 RM0.385 -RM0.01
Suria 26.11.2015 6,000 RM2.5492 1683.09 RM15,413.35 RM2.13 -RM0.419
MBMR 13.01.2016 5,000 RM2.158 1642.54 RM10,873.05 RM2.01 -RM0.148
RM32,261.69
Comments: The Electic Trader received RM180.00 as dividend from Suria Capital
Holdings Berhad.
HKSE:
Hong Kong, the stock market
that was already cheap
got even cheaper. Like the
others, the Hang Seng index
is oversold and a rebound is
expected. No Chinese New
Year rally is expected.
SGX:
The SGX, the supposed
haven, started 2016 on
a wrong footing. For the
oversold Straits Times
Industrial, a rebound; then, a
bearish resumption.
This section is an actual portfolio
supervised by Capital Dynamics.
There are actual trades with contracts.
Purchase/sale can be made on any day.
The objective of this portfolio is capital
gains. The emphasis is on short-term
trading. While the approach used will
include technical analysis, we do not
rely on them exclusively – it will be
“intelligently eclectic”. There are no
restrictions on the type of shares that
will be invested in. We would try to hold
at least 6 or more counters. But due to
the relatively small sum, some counters
may have higher weightings. Stop-loss
or trailing-stop will be used. This portfolio
started with RM50,000 cash on 1st Dec
1993. The KLSE CI was 1,015.42 points.
Stop Press
G | The Eclectic Trader
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Capital Dynamics Sdn Bhd The week of 21 January – 27 January 2016 Volume 27 Number 21