|No.||Stock||Lots||Dividends Collected||Average Price|
Realised Profit: $160
Last month, I have sold off all 20 lots of Advanced SCT and 1 lot of Noble Group at a small net profit of $160 after deducting brokerage fees. Then, I went hunting again for growth stocks.
My original plan was to scoop up a few lots of Genting SP at around $1.95 after it announced a drop in profits. Unfortunately, my target price was not met.
In the end, I added 2 lots of Capitaland at $3.73 as this counter had triggered my target price. This is a good opportunity for me to load up for the "Capricorn Effect" and Chinese New Year rally in 2011.
China is expected to raise bank reserves requirement and interest rates soon in order to fight high inflation rate. This will have a negative impact on property prices in China. Therefore, my next entry price for Capitaland will be around $3.50 if there is a sudden, knee-jerk reaction in the near future.
My target selling price for Capitaland is between $4 and $4.10, depending on market conditions.
Genting SP and Noble Group will still be under my watch list in 2011.
Do you have any growth stocks which you will be tracking in 2011? Please share by commenting below :)