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Wednesday, November 30, 2016

My Investment Portfolio (November 2016)

STI surprised many investors this month by closing up 90 plus points at 2904, despite Mr Trump's surprise win in the US presidential election. It had been a very volatile month in terms of stock market action, with news flow coming in thick and fast before, during and after the US presidential election.

For this month, I have attended the following AGMs/EGMs/briefings - Delfi, AA Group, Khong Guan, Vicplas and TTJ.

For my top 30 holdings, it had been quite volatile too. Best World dropped out of the list after I sold down the stock this month. CapitaLand Mall Trust and First REIT are also out of the list after REITs had been sold down across the board due to US interest rate hike concerns. PNE Industries re-entered the list after investors bought the stock before their full-year result release. Hotel Properties had moved up the list after substantial shareholder Mr Ong increased his stake in the company. Old Chang Kee is also another positive gainer after a brokerage house had initiated a report on the stock.

I have bought the following companies from the market this month - AF Global, Amara, Captii, CDL H Trust, Chuan Hup, ComfortDelgro, Delfi, EnGro, FSL Trust, Hong Leong Finance, IPC Corp, Keppel Corp, Multi-Chem, Nikko STI ETF, NSL, Perennial Holdings, SembCorp Industries, Sing Investment & Finance, SingTel, Stamford Land, Straits Trading, Tan Chong International, Thakral and UOL. I have also reduced my stake in Best World and MYP.

I have participated in the following scrip dividend scheme this month - UOA. I have accepted the following voluntary delisting/cash offer this month - China Auto Electronics.

I have also participated in the following rights issues - Charisma Energy, China FlexPack and MYP.

December is expected to be another slow month as the year draws to a close. Most people will be on holiday, and markets are expected to see lesser action due to holiday breaks in between. It is also a good month to review and reflect on the year that is ending soon, take stock and get ready for another new year of investment journey.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 November 2016)

Top 30 Holdings (Sing$ Denominated shares)
1. United Engineers
2. Jardine C&C
3. Metro Holdings
4. Bonvests
5. Haw Par
6. Sarine Technologies
7. Hotel Grand Central
8. Hotel Royal
9. Keppel T&T
10. Hong Fok
11. Old Chang Kee
12. UOL
13. A-REIT
14. SGX
15. Hotel Properties
16. Bukit Sembawang Estates
17. GK Goh
18. Singapura Finance
19. Hiap Hoe
20. Far East Orchard
21. Hong Leong Finance
22. ComfortDelgro
23. Colex
24. The Hour Glass
25. Stamford Land
26. Sing Investment & Finance
27. Isetan
28. CapitaLand
29. Tat Seng
30. PNE Industries

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land 
3. Mandarin Oriental  
4. Dairy Farm
5. Jardine Matheson

Top Holdings (HK$ Denominated shares)
1. Shangri-La Asia 
2. Fortune REIT

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaMall Trust
4. A-REIT
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation

My Australia Stock Portfolio
1. GPS Alliance Holdings Limited

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Dongshan Group Ltd (formerly known as Greatronic Limited)
4. General Magnetics
5. Fastech Synergy
6. Beauty China- Under Liquidation
7. Memory Devices
8. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
9. FM Holdings
10. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
11. FerroChina - Under Liquidation
12. FirstLink Investments
13. NEL Group
14. Jets Technics
15. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
16. Hongwei Technologies Limited (In Provisional Liquidation)
17. FDS Networks Group
18. Aussino Group - In liquidation - Creditors' voluntary winding up
19. China Oilfield Technology
20. China Milk Products Group - Under Liquidation
21. Pacific Healthcare

My Unit Trust Portfolio:
http://www.fundsupermart.com/main/community/Portfolio_View.svdo?id=P199

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Friday, November 18, 2016

Company Warrants Expiring in 2016 - Actions Needed

I need to remind myself all the outstanding company warrants that are expiring in 2016 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.

WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.
NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - Warrants expired worthless.
ASIATRAV W160715, Expiry Date: 15 Jul 2016, Exercise price = $0.273, Conversion ratio 1:1 - Warrants expired worthless.
ROWSLEY W161003, Expiry Date: 3 Oct 2016, Exercise price = $0.18, Conversion ratio 1:1 - Warrants expired worthless.
TECHOIL&GW161209, Expiry Date: 9 Dec 2016, Exercise price = $0.25, Conversion ratio 1:1 - Warrants expired worthless.

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Monday, October 31, 2016

My Investment Portfolio (October 2016)

STI closed this month lower at around 2813 points. The drop in oil price and US presidential election are the main reasons for the weakness. Investors are adopting a waiting game before the result of the election in November.

For this month, I have attended the following AGMs/EGMs/briefings - Spindex, Sin Ghee Huat, Karin, Chuan Hup, Noel Gifts, Wing Tai, K1 Ventures, Lum Chang, Micro-Mechanics, Rickmers and Lion AsiaPac.

For my top 30 holdings, not much changes as most stocks suffered weakness due to stock market downturn this month. However, I have added onto some of the names in the list and therefore there are some minor position changes. Hiap Hoe was one of the better performers after they announced positive profit guidance for their 3Q results. Jardine Strategic also outperformed the market this month.

I have bought the following companies from the market this month - Amara, Bonvests, China International, ComfortDelgro, Dairy Farm, EnGro, Excelpoint, Frasers Centrepoint, GL, Hotel Properties, iFAST, LH, LHT, Lum Chang, Miyoshi, Nikko STI ETF, Pacific Century, Shangri-La Asia, SIA, Sin Ghee Huat, Sing Investment & Finance, SingTel, Stamford Land, Sunningdale, Teck Wah, TIH, Tianjin Zhongxin Pharmaceutical, UOI, Willas-Array, Wing Tai and Yeo Hiap Seng. No sell trade was done.

I have participated in the following scrip dividend schemes this month - Global Investments and Jardine Strategic. I have accepted the following voluntary delisting/cash offer this month - GMG Global (settled with Halcyon shares). My stake in SMRT was also being acquired via scheme of arrangement.

I have also participated in the following rights issue - IFS Capital.

November will be another quiet month for me though companies with financial year ending 31 December 2016 will be announcing their 3Q results. As I don't usually follow quarterly result announcements actively, I will most possibly catch up with my readings and also slow down my pace a bit.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 October 2016)

Top 30 Holdings (Sing$ Denominated shares)
1. United Engineers
2. Best World  
3. Jardine C&C
4. Metro Holdings
5. Bonvests
6. Haw Par
7. Keppel T&T
8. Hotel Grand Central
9. Hotel Royal
10. Hong Fok
11. Sarine Technologies
12. A-REIT
13. Singapura Finance
14. Bukit Sembawang Estates
15. GK Goh
16. UOL
17. SGX
18. Old Chang Kee
19. Hiap Hoe
20. Far East Orchard
21. ComfortDelgro
22. The Hour Glass
23. Hotel Properties
24. Sing Investment & Finance
25. Hong Leong Finance
26. First REIT 
27. CapitaMall Trust
28. Colex
29. CapitaLand
30. Stamford Land

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land 
3. Mandarin Oriental  
4. Jardine Matheson
5. Dairy Farm 

Top Holdings (HK$ Denominated shares)
1. Fortune REIT
2. Shangri-La Asia

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaMall Trust
4. A-REIT
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation

My Australia Stock Portfolio
1. GPS Alliance Holdings Limited

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Dongshan Group Ltd (formerly known as Greatronic Limited)
4. General Magnetics
5. Fastech Synergy
6. Beauty China- Under Liquidation
7. Memory Devices
8. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
9. FM Holdings
10. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
11. FerroChina - Under Liquidation
12. FirstLink Investments
13. NEL Group
14. Jets Technics
15. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
16. Hongwei Technologies Limited (In Provisional Liquidation)
17. FDS Networks Group
18. Aussino Group - In liquidation - Creditors' voluntary winding up
19. China Oilfield Technology
20. China Milk Products Group - Under Liquidation
21. Pacific Healthcare

My Unit Trust Portfolio:
http://www.fundsupermart.com/main/community/Portfolio_View.svdo?id=P199

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Friday, September 30, 2016

My Investment Portfolio (September 2016)

STI closed this month higher at around 2869 points.It could have been much better if not for the concerns on Deutsche Bank's financial health towards the end of the month. The expectation of only one more interest rate hike in US this year and also prospects of higher oil price due to Opec's consensus on oil production output cut are the positives for this month.

For this month, I have attended the following AGMs/EGMs/briefings - IFS Capital, SGX, Tee International, GMG Global and SMRT.

For my top 30 holdings, United Engineers regained top spot after major shareholders of the company, OCBC and Great Eastern Holdings said that they are currently reviewing strategic options with respect to their combined stake in the company. Keppel T&T also did well after a positive brokerage report being issued on the company. Sarine Technologies did not do well though, as investors took profit on the stock after a good run.

I have bought the following companies from the market this month - Broadway, CEI, Cheung Woh, Elec & Eltek, Excelpoint, Far East Orchard, Federal, GLP, Hiap Hoe, Hiap Seng, Hotel Grand Central, Hwa Hong, iFAST, K1 Ventures, Karin, Keppel Corp, Koh Brothers, LH, Low Keng Huat, Lum Chang, Multi-Chem, Pacific Century, Plato Capital, SembCorp Industries, SingTel, Sunningdale, Tan Chong International, TIH, UIC, United Engineers, UOA, UPP and Wing Tai. No sell trade was done.

I have participated in the following scrip dividend schemes this month - DBS and Vibrant Group. I have also accepted the following voluntary delisting/cash offer this month - Eu Yan Sang. My stake in HTL International was also being acquired via scheme of arrangement.

October will be another busy month for me as companies with financial year ending 30 June 2016 will be holding their AGMs. As usual, I will be attending some of them to get updates on their business performance and outlook.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 September 2016)

Top 30 Holdings (Sing$ Denominated shares)
1. United Engineers
2. Best World  
3. Jardine C&C
4. Keppel T&T
5. Bonvests
6. Haw Par
7. Metro Holdings
8. Sarine Technologies
9. Hotel Royal
10. Hotel Grand Central
11. Hong Fok
12. A-REIT
13. SGX
14. Singapura Finance
15. GK Goh
16. Bukit Sembawang Estates
17. Old Chang Kee
18. UOL
19. Far East Orchard
20. ComfortDelgro
21. The Hour Glass
22. Hong Leong Finance
23. Hotel Properties
24. CapitaMall Trust
25. First REIT
26. Hiap Hoe
27. Colex
28. CapitaLand
29. Sing Investment & Finance
30. Isetan 

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land 
3. Mandarin Oriental  
4. Jardine Matheson
5. Dairy Farm 

Top Holdings (HK$ Denominated shares)
1. Fortune REIT
2. Shangri-La Asia

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaMall Trust
4. A-REIT
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation

My Australia Stock Portfolio
1. GPS Alliance Holdings Limited

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Dongshan Group Ltd (formerly known as Greatronic Limited)
4. General Magnetics
5. Fastech Synergy
6. Beauty China- Under Liquidation
7. Memory Devices
8. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
9. FM Holdings
10. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
11. FerroChina - Under Liquidation
12. FirstLink Investments
13. NEL Group
14. Jets Technics
15. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
16. Hongwei Technologies Limited (In Provisional Liquidation)
17. FDS Networks Group
18. Aussino Group - In liquidation - Creditors' voluntary winding up
19. China Oilfield Technology
20. China Milk Products Group - Under Liquidation
21. Pacific Healthcare

My Unit Trust Portfolio:
http://www.fundsupermart.com/main/community/Portfolio_View.svdo?id=P199

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Sunday, September 18, 2016

CPFIS - My Personal Investing Experience

Recently, DPM Tharman had said that a review will be done on the CPF Investment Scheme (CPFIS). Bascially, what he said is that most investors made losses and earned less than 2.5% investing under the scheme, thus calling the CPFIS “not fit for purpose”. He said that the government will work to “tighten up on it [while moving] towards introducing a simple, aggregated, low-cost investment option".

I must admit that it is difficult to invest successfully under CPFIS in its current form. But it doesn't mean that you cannot be successful under CPFIS. You just need to put in an extra effort to make it happen. I have been investing under CPFIS for more than 10 years and therefore I know its difficulties and pitfalls. Below are some of the tips that I could share for one to be successful under CPFIS:

1. You need to have both stock/ETF and unit trust investing skills. Most people are either stock or unit trust investors. Therefore, their skillset is not enough to be successful under CPFIS. If one only invest in stocks, they could only use 35% of CPF-OA and none in CPF-SA. If they only know unit trust, they will never participate in the benefits of stock investment, especially in the small cap space where the returns could be quite substantial if you pick the right stocks, buy and hold for long term.

2. Think long term, diversify. Most people either fall into the "penny wise, pound foolish" or "trade frequently and incur costs" category. For the former case, they tried to save on CPF agent bank quarterly charges by keeping as little number of stocks as possible in their CPF Investment Account, without diversifying their portfolio. For the latter case, they incur a lot of brokerage charges and CPF agent bank fees by trading often. CPFIS works best by holding onto a list of your unit trusts, ETFs and stocks for long term, while collecting dividends to offset those CPF agent bank quarterly charges. You can never beat the market by trading regularly. Also, it is not a all-or-none portfolio by holding only one stock. Yes, you might strike jackpot but you may also make huge losses. CPF is your retirement fund. You must not take huge bets.

3. Invest regularly. Many investors just do a big one-time lump sum investment once a while (maybe even once a year or once every few years) on their CPF funds and forget about it. This is a big mistake as they might accidentally did a market timing on their investment. When one is working, they should channel their funds regularly into the CPFIS since they have contribution every month into their CPF accounts. Never accumulate a big lump sum and then invest in one go.

4. Select the right stocks and funds and stick with them. This is a difficult one and it comes with experience. I have my fair share of poor choices but the good ones managed to offset the bad ones and therefore the result is overall is still quite ok. Basically, one needs a few years of experience in both unit trust and stock investing in order to build up a decent portfolio for your CPFIS. What I suggest is to invest outside the CPFIS first. After you gained some experience, then you can create a sub-set of your stock portfolio and invest them under CPFIS. For unit trusts, you have to look at various factors like expense ratios, track record etc. Make sure that you stay put once you select those funds. It is difficult to switch around for unit trusts as the top performing fund for this year might be one of the worst next year.

Hope that the above helps in detailing some of the points to be successful under CPFIS. With more changes to come, I guess CPFIS will become a different animal soon and the choices will be much simpler. However, if you did not do well under CPFIS, it is still not too late to reverse the situation. You just need to have a plan, follow through it and don't make big investment mistakes.

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Wednesday, August 31, 2016

My Investment Portfolio (August 2016)

STI closed lower this month at around 2820 points. Market had been relatively quiet this month with most companies announcing results that were at or below expectations. The strong US dollar and weak crude oil prices had dampened buying interest further. Of course, we also have the concern on Zika virus and its impact on travel to S'pore.

For this month, I have attended the following AGMs/EGMs/briefings - Transcorp and Vibrant Group.

For my top 30 holdings, Best World was again the top performer this month as it continued its good run. Hotel Royal and Keppel T&T also fared well. Colex is a new entry as it continues to benefit from new cleaning contracts. Metro did not do well after it went ex-dividend, with investors possibly worried about its future prospects after realizing most of their developments in China.

I have bought the following companies from the market this month - Amara, AV Jennings, Best World, Bonvests, Boustead, Broadway, Bund Center, CapitaLand, Chuan Hup, DBS, Far East Orchard, GP Batteries, Hong Fok, Hwa Hong, iFAST, IPC Corp, Isetan, Keppel Corp, Koh Brothers, Lion AsiaPac, Lum Chang, Matex, Metal Component, Pollux, Stamford Land, Straits Trading, Teck Wah, TIH, TSH, UIC, UPP and Yeo Hiap Seng. No sell trade was done.

I have participated in the following scrip dividend schemes this month - CapitaLand Retail China Trust, Frasers Commercial Trust, Keppel REIT, MapleTree Logistics Trust and UOB.

I have accepted the following voluntary delisting/cash offer this month - Sim Lian. I have also subscribed to the following preferential offer - MapleTree Commercial Trust.

Next month will be another quiet month. It is a month for me to go slow and do some catch-up readings. Also, I will continue to research on companies and hope to continue to seek value and invest prudently.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 August 2016)

Top 30 Holdings (Sing$ Denominated shares)
1. Best World 
2. United Engineers
3. Jardine C&C
4. Sarine Technologies
5. Haw Par
6. Bonvests
7. Metro Holdings
8. Hotel Royal 
9. Hong Fok
10. Keppel T&T  
11. Hotel Grand Central
12. A-REIT
13. SGX
14. Singapura Finance
15. Bukit Sembawang Estates
16. Old Chang Kee
17. GK Goh
18. The Hour Glass
19. UOL
20. ComfortDelgro
21. Far East Orchard 
22. Hong Leong Finance
23. Hiap Hoe
24. CapitaMall Trust
25. Hotel Properties
26. Sing Investment & Finance
27. First REIT
28. CapitaLand
29. Isetan 
30. Colex

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land 
3. Mandarin Oriental  
4. Jardine Matheson
5. Dairy Farm 

Top Holdings (HK$ Denominated shares)
1. Fortune REIT
2. Shangri-La Asia

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaMall Trust
4. A-REIT
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation

My Australia Stock Portfolio
1. GPS Alliance Holdings Limited

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Dongshan Group Ltd (formerly known as Greatronic Limited)
4. General Magnetics
5. Fastech Synergy
6. Beauty China- Under Liquidation
7. Memory Devices
8. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
9. FM Holdings
10. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
11. FerroChina - Under Liquidation
12. FirstLink Investments
13. NEL Group
14. Jets Technics
15. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
16. Hongwei Technologies Limited (In Provisional Liquidation)
17. FDS Networks Group
18. Aussino Group - In liquidation - Creditors' voluntary winding up
19. China Oilfield Technology
20. China Milk Products Group - Under Liquidation
21. Pacific Healthcare

My Unit Trust Portfolio:
http://www.fundsupermart.com/main/community/Portfolio_View.svdo?id=P199

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Tuesday, August 09, 2016

Journey as a Full-time Investor - 5 Years On

Dear readers,

How time flies! It had been 5 years since I left my last full-time employment, surviving only on my investment return and some income from this blog via advertisements. It is certainly tough to be unemployed in an expensive city like Singapore, but I did not regret my decision to be a full-time investor. A decision I still stick by to this date.

These 5 years had its difficult days, just like any job. With no CPF contribution, no monthly salary, no medical leave/benefits, no annual leave etc to look forward to every month, it had certainly tested me. However, I am glad that I started investing early and also learn a lot as a part-time investor during my working days, which makes the transition less tough.

For the past 5 years, I have detailed my investment activities every month at this blog. Readers should have an idea on what I had been doing for the past 5 years so I shall not repeat here. Markets had sometimes been quite challenging, but as I have said before, having a process and system in place will serve as a road map for one to navigate through even during those most difficult periods.

I wish to thank all of you out there for your support for this blog. Without your support and encouragement, I would not have come so far. I also wish to thank all those who provided feedback on my investment process and sharing your personal investment experience. I have learn a lot from these sharing so do keep them coming.

Will there be another 5 years as a full-time investor? When I left IT/Engineering, I said - "I didn't leave because it was hard. I left because it was no longer worth it". When I feel that it is still worth it, I will continue this journey. To date, the journey had been worthwhile.

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A self-directed investor, looking to invest for retirement needs and bypass all those expensive financial planners/insurance agents. Investing is fun, profitable or most important of all, knowledge gained is useful for the rest of your life!

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