Billyteam Portfolio Performance Report

BILLYTEAM PORTFOLIO PERFORMANCE REPORT

Kwan Chi Wan 2008086713Yip Chun Lung 2008147268Lee Kok Man 2006096099

Chan Kai Sang 2007176420Wong Hin Lun 2007094971

Introduction

We focus not only in Hong Kong,

but seek opportunities in global market

Mixed

Equity + Futures

Combined managementActive + Passive

Investment Philosophy

Passive – intrinsic value

Active – market trend

Fine Tuning Strategy

EQUITY5 Main types of equity Company

Finance / Banking CHINA LIFE, CITIC BANK, HSBC HOLDINGS P L C

Transportation CHINA EAST AIR

Energy / Natural Resources SINOPEC CORP, CNPC(HONG KONG),HARBIN POWER

Technology GENERAL ELECTRIC CO, CHINA MOBILE, APPLE INC, MICROSOFT CORP, INTEL CORP, GOOGLE INC

Others HKEX, ZIJIN MINING

No. of U.S. stock 6

No. of Hong Kong stock 9

Reason for choosing these 5 industries:• Finance / Banking - China’s economy is recovering demand on banking/finance ↑

EQUITY

•Transportation

-CHINA EAST AIR Purchase Shanghai Airlines Co ----> 50% market share- Join SkyTeam Alliance-Government support

EQUITY

•Energy / Natural Resources-China have large amount of natural resources-Development needs large amount of Energy

EQUITY

•Technology-Drop too much in financial tsunami predict the price will recover to level before in financial tsunami

EQUITY

Stock Quantity

Price to buy

Price to sell

Return

HARBIN POWER 10,000 6.45 6.44 -0.155%

CHINA LIFE 10,000 35.2 37.65 6.96%

SINOPEC CORP 30000 6.04 6.58 8.94%

CITIC BANK 20000 5.47 5.01 -8.41%

GENERAL ELECTRIC CO 5,000 16.34 15.5 -5.14%

HKEX 5,000 134.3 130 -3.2%

CHINA MOBILE 9,911 76 78.9 3.82%

APPLE INC 496 215.1 222.92 3.64%

INTEL CORP 2500 19.15 20.44 6.74%

MICROSOFT CORP 2500 28.36 29.4 3.67%

CHINA EAST AIR 70000 2.67 3.83 43.45%

CNPC(HONG KONG) 20,000 8.79 9.97 13.42%

GOOGLE INC 150 535 550.31 2.86%

HSBC HOLDINGS P L C 1,600 51.28 53.61 4.54%

ZIJIN MINING 102,000 6.33 6.37 0.63%

Future

Strategy:1. Short term 2. Active management based on

a. market issuesb. momentum analysisc. macroeconomic analysis

Future US indices future 1.Dow Jones Industrial Average 2.NASDAQ 100 Composite3.S&P 500

Metals future1.Gold

• Currencies future1. Euro2.Australian Dollar3.Canadian Dollar

Future• Why US indices future? Market

issues US economy is in good pace of

recovering1. Good economic factors enhance the

recovery of US market.

Future• Why Euro Future? Market issue

1. Value of Euro against US$ Decline greatly since Greece crisis

2. Sensitive to positive market news ( Rescue Package )

FutureWhy Australian Canadian Dollar and Gold

future? Market issue , momentum and

macroeconomic analysis1. US dollar and Euro are weak2. Momentum of two currencies

Future Result

1. Positive overall return 5% from all future positions

Conclusion