Further purchase of NTPM

As part of my plan to increase my exposure in NTPM, I have bought an additional 6,200 units of the tissue and personal care products maker at RM0.435. Felt that there is further opportunity in NTPM's price being depressed by some Malaysian funds selling down.

This has caused my portfolio to be as follows.

A more detailed view of the performance can be viewed as in here 700 days after creating the fund.

As you can see, besides looking at value, the list of portfolio companies that I have chosen are winners in their own space:

1. DKSH - largest pure products (pharmaceutical, FMCG) distributor and market expansion company in Malaysia.
2. Wellcall - a rubber hose maker which does not really has competitive comparison in Malaysia. Its business however is mainly export though. It has steady income growth since its listing days. Very good dividends track record.
3. Time Dotcom - its largest competitor is Telekom Malaysia which is far bigger but I like TdC after the change in management as it is much focused into what it does. I believe in fiber as the medium for expanding communication.
4. Airasia - I do not need to say much besides I see this company as the leader and innovator in Asia's airline industry. Will face some stiff competition (which is normal) but being the largest and successful low costs carrier, I think it will be able to continue to grow.
5. Jobstreet - like the management and it is the leader in online job postings market in several South East Asian countries. Fantastic cashflows and amazingly still growing at a decent pace.
6. Padini - a growth company in the low to medium range fashion. Lots of competition but able to hold its own. With Asia being the place where the number middle class families will continue to grow at a furious pace, fashion will find its place if done correctly. Will have to find ways and means to grow beyond Malaysia though.
7. NTPM - main competitor - Kimberley-Clark and several others. Has held its own in Malaysian market by being the largest tissue products provider in the market. I like the way the management grow the company.
8. Airport - Malaysia Airport will see good growth. Competitors are the regional airports. Nevertheless, air travel will continue to grow at pace above average economic growth rates for the region.

Well, these are the basis for the portfolio companies in my investments moving into 2013 or even further as you can see these types of businesses are the ones which does not really depend on whether what happens to 2013, an election year or what if South East Asia has a slower growth next year.

Happy New Year and have a good year ahead!