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Saturday, February 28, 2009

My Investment Portfolio (February 2009)

This month had been another month of volatility, but I have not been buying from the market actively. Part of the reason is because of the rights issues that I have subscribed this month. I have subscribed for A-REIT, Hartawan, HG Metal and Metax rights issues. Of particular concern is the A-REIT preferential rights issue, whereby I hold this counter in my cash and CPF Investment Account. I received the letter from my CPF agent bank quite late and I did not have enough time to response. Therefore, I apply for excess rights shares at the ATM using cash to make up for the "loss" of shares in my CPF Investment Account. That outlay had effectively moved A-REIT a few positions up in my top 30 cash holdings. I have learnt my lesson and will preserve more cash for the upcoming CapitaMall Trust rights issue just in case the same thing happens again.

I have also subscribed to the initial public offer of DBS STI ETF this month.

SATS had secured more than 85% of Singapore Food Industries. Looks like the offer will go through and I will be accepting the offer once it hits 90%.

Going forward, I will preserve some cash for some upcoming rights issues in March. I have received some dividend payouts from REITs and shipping trusts for quarter ending December 2008 in end February 2009. I will also look out for more opportunities to re-invest those dividends back into the market.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 February
2009)


Top 30 Holdings (Sing$ Denominated shares)
1. Raffles Education Corp
2. SGX
3. A-REIT
4. Noble Group
5. F&N
6. ComfortDelgro
7. SembCorp Marine
8. Jardine C&C
9. Hong Leong Finance
10. Singapore Food Industries
11. Viz Branz
12. SingTel
13. CapitaMall Trust
14. Cosco Corp
15. ST Engineering
16. Straits Trading
17. SMRT
18. Parkway Holdings
19. Ascendas India Trust
20. OCBC Bank
21. Isetan
22. Wheelock Properties
23. SPC
24. Keppel Corp
25. Cerebos Pacific
26. CitySpring Infrastructure Trust
27. MTQ Corp
28. KS Energy
29. Singapura Finance
30. Parkway Life REIT

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

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

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

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

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

My Unlisted Company Portfolio
1. JK Tech Investment
2. Automated Touchstone Machines Ltd
3. Iconic Global Limited
4. Greatronic Limited

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

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6 Comments:

Blogger TopTrader said...

Why bot so many rubbish?

I think you would have performed better if you had bot STI ETF only.

6:32 PM  
Blogger ghchua said...

Hi TopTrader,

STI ETF is not a diversified portfolio as it only contains around 30 stocks, which most of them are blue chip companies. Also, STI ETF is heavily weighted towards the 3 local banks.

I don't feel comfortable having so much weight in the 3 local banks, which is why I do use STI ETF, but I have diversified into small and mid cap companies as well.

7:46 PM  
Blogger michelle said...

hi, i am thinking of buying one of the Jardine family stock and would like your opinion as to whether Dairy Farm or JSH is a better choice.

if JSH, would you advise choosing the cash or scrip dividend? how would i indicate my preference to Jardine/CDP?

thanks.

7:15 AM  
Blogger ghchua said...

Hi michelle,

It is pretty interesting that you had mentioned about Jardine family stocks as this is about the first time that someone mentioned about it in my blog.

Personally, I felt that the Jardine family of stocks on a whole is very under-appreciated by the market, despite their long track record and big market cap.

If you ask me, I would prefer JMH over JSH and Dairy Farm, in that order. JMH is the ultimate holding company for the Jardine group of companies, and it currently have a higher dividend yield than JSH. Dairy Farm has a good stable business of supermarkets/convenience stores etc but its share price is not really that cheap at current levels.

For JMH/JSH, I have been choosing scrip since it is a nice way of re-investing back into the companies without incurring brokerage charges. As for the dividend election in scrip or cash, they will send you a form for every dividend declared for you to indicate your preference. Just fill it up and send it back to them.

Do take note that even if you indicate scrip, not all your dividend will be converted to scrip as there will be some leftovers every time, due to decimal rounding. Therefore, there will be some dividend that you will receive in cash.

8:50 PM  
Blogger michelle said...

thanks for your advice. i'd never given JMH much thought because of its price, but i'll look into it now.

3:25 PM  
Blogger ghchua said...

Hi michelle,

Price itself might not determine whether a stock is "cheap" or not. Rather, one should analyze its business and look at what makes up its assets.

JMH have declared a final dividend/scrip of US51.00 cents per share and will be payable on 13th May 2009.

JSH have declared a final dividend/scrip of US13.10 cents per share and will be payable on 13th May 2009.

Frankly speaking, I don't mind holding the Jardine Group of companies for very long term since they are well managed and should tide through this crisis.

Other Jardine companies in my portfolio (besdies JMH, JSH and Dairy Farm) includes Jardine C&C, Hong Kong Land, Mandarin Oriental and MCL Land.

2:02 AM  

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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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