Bringing my portfolio to 30%

Following up on my previous post, we are targeting to bring our portolio to 30%. We have chosen SYARIKAT TAKAFUL MALAYSIA BHD. We are still on defensive mode and this stock fits the bill as the dividend yield is at 6.9%. We like the industry (insurance) and it adds variety into our portfolio. There are stocks giving higher dividend yield at the moment, but this stockĀ is preferred for the following reasons:

- Insurance/finance is a stable industry with growth potential

- Revenue / Profit / Dividend increasing over the past 5 years

- PE still attractive at 12.8

With the addition, our portfolio is as follows:

portfolio 24 oct 14

we are quite close to recovering from the correction already!