Performance of Virtual Fund as at end April 2008
China Fish -S$4,400
Raffles Education -S$11,100
Sin0 Techfibre -S$19,100
STX Pan Ocean +S$1,210
Total unrealised loss = -S$33,390 = -6.68%
Sum invested = $545,390
Cash holding = $3,230
Realised profit = $48,620 = 9.72%
The total unrealised loss has narrowed significantly from $171,761 to $33,390 mainly due to strong recovery in prices of Sino Techfibre and STX Pan Ocean.
In April, I disposed of the entire holding of ChinaHongxin and resulted in realised loss of $62,721. I used the proceeds to buy more of Sinotech Fibre.
1 comment:
are u bullish sinotech fibre?
based on my research, the company is reliable and i believe a fair price would be above $1
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