My Investment Portfolio (May 2008)

It had been a month of dividends. Yes, I have received a series of dividend payouts this month from companies having financial year ending 31 December 2007. AGMs of these companies were held in April this year and their final/special dividend payout had to be approved by shareholders at the AGM. So, most of them paid out their dividends around 2 to 3 weeks after their AGM, which explains why I received so many dividends this month. Furthermore, REITs and shipping trusts also paid out their dividends this month, which added to my capital to re-invest back into the market.

So, I have aggressively purchased many of my short-listed companies this month. Most of them are my minor holdings which didn't move up with the market lately. I seized this opportunity to add onto them so that my portfolio is more diversified and balanced.

Corporate action had been far and few this month. I have rejected LuYe's offer for AsiaPharm and the offer closes with LuYe failing to secure 90% of the outstanding shares out there. They cannot take AsiaPharm private and it will remain listed. I have accepted Raffles Education's offer for Hartford Education after the delisting resolution had been approved.

Going forward, I will re-invest my dividends collected prudently back into the market, spreading my investments throughout the days so as to reduce the risk. Also, I will add more onto those companies outside my top 30 holdings so as to reduce the dependence on my top holdings to generate portfolio returns.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 May 2008)

Top 30 Holdings (Sing$ Denominated shares)
1. Raffles Education Corp
2. SGX
3. Cosco Corp
4. Noble Group
5. SembCorp Marine
6. F&N
7. A-REIT
8. Hersing
9. Jaya Holdings
10. CapitaMall Trust
11. Keppel Corp
12. Straits Trading
13. KS Energy
14. Jardine C&C
15. SPC
16. CapitaLand
17. Wheelock Properties
18. ComfortDelgro
19. Unisteel Technology
20. Bukit Sembawang Estates
21. Food Empire
22. WBL Corp
23. Keppel Land
24. Mermaid Maritime
25. Pacific Andes
26. Olam International
27. Tat Hong
28. CapitaCommercial Trust
29. SembCorp Industries
30. K-REIT

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

Top Holdings (HK$ Denominated shares)
1. Tan Chong International
2. Fortune REIT

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

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

My Hong Kong Stock Portfolio (listed on SEHK)
1. Peace Mark Holdings

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