"little book" strategy in HK (may 2013)

For the little book strategy, the performance in May 2013 is as follows:

Month		EquityValue		Cash		Total portfolio value	Monthly return	YTD return
Jul-12		231,821.48		22,033.23		253,854.71	0.00%	0.00%
Aug-12		223,490.00		22,033.23		245,523.23	-3.28%	-3.28%
Sep-12		228,940.00		22,645.99		251,585.99	2.47%	-0.89%
Oct-12		246,210.00		23,213.97		269,423.97	7.09%	6.13%
Nov-12		249,900.00		23,213.97		273,113.97	1.37%	7.59%
Dec-12		263,220.00		23,213.97		286,433.97	4.88%	12.83%
Jan-13		284,490.00		23,213.97		307,703.97	7.43%	21.21%
Feb-13		292,370.00		23,213.97		315,583.97	2.56%	24.32%
Mar-13		274,840.00		23,213.97		298,053.97	-5.55%	17.41%
Apr-13		294,150.00		23,213.97		317,363.97	6.48%	25.02%
May-13		332,177.70		8,405.76		340,583.46	7.32%	34.16%

Note: returns here are total return, dividends and transacton costs are included in the return already.

May 2013 marks the end of 2012 holding period. So re-evaluation and rebalancing were done.  The new holding are as follows:

Stock code		Stock Name		Unit cost price		Quantity
00623		SINOMEDIA HLDG		5.8300		6000
02698		Weiqiao Textile		0.0000		7000
01234		China Lilang Ltd		4.2360		9000
00189		DONGYUE GROUP		3.8346		9000
01361		361 DEGREES		1.9324		19000
01146		CH outfitter		1.2077		30000
01368		XTEP International		3.4219		11000
00893		CHINAVTM MINING		1.5398		24000
00941		China Mobile		82.8812		500

The new portfolio is heavily concentrated on sportware and casual ware sector, which is the probably one of the most "unloved" sectors in HK at the moment this blog is published. This matches the records in our backtest and the "little book". Nevertheless, lack of enough diversification could potentially be a problem.

Note that 00623 were still in the list but the amount has been rebalanced to maintain equal weight. As such 3000 shares of 00623 were sold.

Disclaimer: Please note that the information are provided for you by way of information only.  All the information, report and analysis were and should be taken as having been prepared for the purpose of general circulation and that none were made with regard to any specific investment objectives, financial situation and particular needs of any particular person who may receive the information, report or analysis (including yourself). Any recommendation or advice that may be expressed in or inferred from such information, reports or analysis therefore does not take into account and may not be suitable for your investment objectives, financial situation and particular needs