SRS Portfolio - 21 Aug 2022

Lightning always strike many times - the moment you sell the shares, it announced a nice set of results and the share price went through the roof  😂

In this case, it was AEM holdings where the day after I sold my AEM shares at $4.39, it hit a high of $4.69 before settling down at $4.62 on the back of a solid 1H earnings.

AEM Holdings announced a nice set of results for 1H FY2022

AEM Holdings, despite my reservation on its reliance on Intel, seemed to be tracking really well although UOBKH downgraded the stock to "Hold" after the results. 

Having said that, I will consider AEM for a longer term hold once the market has settled down on a new base.

Revenues and earnings hit a record high!

UMS Holdings

UMS Holdings also announced its results on the same day where half year revenue hit a record high of S$170m and free cash flow crossed $29.2m. A 1 cent dividend was declared to reward shareholders. This dividend will be paid on 26 Oct 2022. One thing the company can improve on will be the use of infographics or graphs to tell its story better in the announcements. 

Highest ever half year revenue of S$170m 

SRS Portfolio

Cash balance at 30% of portfolio

The portfolio value remained stable at $385,843, and that includes a cash balance of $115,543 to be deployed due to the itchy fingers! lol.