[Week 4] Portfolio Health Check: Post-Earnings Rebalancing 📈🔄

1️⃣ Current Holdings

I have made some major moves this week to rebalance my exposure. My sector distributions have shifted significantly:

🟢 Automobiles: 26.44% (BYD)

🟢 Interactive Media & Services: 22.10%

(Tencent & Bilibili)

🟢 Broadline Retail: 24.06% (Alibaba & JD)

🟢 Tech Hardware & Peripherals: 17.09% (Xiaomi)

My largest conviction has shifted to BYD (26.44%), followed by my new entry, Tencent (20.66%). I have also increased my US stake in Bilibili.😁

2️⃣ Earnings Watch

After the JD and Alibaba reports, my focus now shifts to the tail end of the month:

🟢 Bilibili: 19 May 2026 (Tuesday)

🟢 Xiaomi: 26 May 2026 (Tuesday)

I will be watching to see if Xiaomi’s hardware margins and Bilibili’s user monetisation can beat market expectations.

3️⃣ Portfolio Reaction

I followed through on my plan to lock in profits! I trimmed JD significantly (from 800 to 200 shares) and its current P/L has jumped to +12.70% following a positive earnings reaction. Alibaba remains my strongest anchor at +24.37%.

Newcomer Tencent is currently flat (-0.64%) while BYD (-4.74%) and Bilibili (-8.05%) are facing some short-term pressure.

4️⃣ Next Plan

With the capital freed up from the JD sale, I have established a position in Tencent and added to BYD.

My next move is to wait for the Xiaomi and Bilibili earnings before making further adjustments. I am keeping my cash reserves flexible for any “buy the dip” opportunities in the HK tech sector.

5️⃣ Risk Check

My concentration risk has improved! My top two holdings now represent 47.1% of my portfolio (down from 66%+ last week).

I acknowledged that I am still heavily invested in Hong Kong market however adding Tencent provides a more stable, cash-flow-rich pillar to my strategy. Progressing toward a more balanced “All-Weather” setup! ⚖️