Union Gas (SGX:1F2) +102.40% multibagger profit (realized)

Another one of my multibagger counter being unloaded this month. The counter was purchased on 15th Oct 2020 when the system discovered its uptrend and signalled a buy. I entered at a price of 0.43. For the next few months, the counter was steadily rising. At one point I was almost at 200% unrealised gain. However, recently it crashed from the highest point of 1.2+ to 0.840. Some say it is because of Singapore is opening up, since more people are going out to work and dining out, lesser people will be using gas to cook at home. Anyway, what ever reason it is, system issued a sell yesterday and I was out at 0.845. Inclusive of the dividends collected, total profit is a multibagger +102.40%. Congrats to those who followed.

Apart from Union Gas, I have also recently sold off Del Monte, my another multibagger counter for +140.04%. Now the only multibagger left holding in my portfolio is PropNex which has also fallen quite a bit from recent high. There is also another stock Pan Hong which I have share previously, it was sold with a +7.04% profit.

SG market has been quite jittery recently. Many counters are experiencing retracement. Some say it is due to the US Fed's decision to reduce asset purchase soon while others say it is because Taliban has taken back Afghanistan, Whatever the reasons, August has historically been one of the weaker months for stocks. System has reduced my portfolio to 50% cash. Market is weak based on the system's analysis so it will keep more cash to wait for the next rebound.

About Union Gas

Union Gas Holdings Limited is a Singapore-based company engaged in providing of fuel products in Singapore. The Company’s segments include Retail LPG Business, CNG Business and Diesel Business. The Retail LPG Business segment is engaged in the retail distribution of bottled LPG cylinders and sale of LPG-related accessories to domestic households in Singapore. CNG Business segment is engaged in operating a fuel station at 50 Old Toh Tuck Road to produce, sell and distribute CNG primarily to NGVs and industrial customers. Diesel Business segment is engaged in selling and distributing diesel to diesel customer in its fuel stations.       

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