Thursday, April 30, 2009

My Investment Portfolio (April 2009)

STI had a good run today to close the month at above 1900 points. Again, we have the usual concerns this month about unemployment rate, economy, credit default and now the latest - swine flu. It looks like I am becoming a "broken recorder" every month but I wish to repeat again - Stay invested for long term and ignore short term noises. Have a diversified portfolio and buy with a margin of safety.

For this month, I have participated in Craft Print, Global Voice, Mirach Energy and Sing Holdings rights issues. These are stocks which are not in my top holdings but nevertheless, they form part of my diversified portfolio. I have also converted my Leeden warrants to shares and purchased some good potential mid/small cap stocks this month.

For M&A activities, I have accepted the delisting offer for my AGVA shares as shareholders have approved the delisting resolution.

Next month, I will have quite a bit of cash to invest due to the dividend payouts from companies having financial year ending 31 December 2008. I will subscribe to Transpac Industrial Holdings, WBL and Keppel Land rights issues. These are big ones and I will reserve some cash for them. I will also be looking to re-invest those dividends collected back into my portfolio.

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

Top 30 Holdings (Sing$ Denominated shares)
1. SGX
2. Raffles Education Corp
3. Noble Group
5. CapitaMall Trust
6. F&N
7. Jardine C&C
8. SembCorp Marine
9. ComfortDelgro
10. CapitaLand
11. Bukit Sembawang Estates
12. Cosco Corp
13. Hong Leong Finance
14. OCBC Bank
15. Parkway Holdings
16. ST Engineering
17. Keppel Corp
18. SingTel
19. WBL Corp
20. SPC
21. Wheelock Properties
22. Ascendas India Trust
24. Straits Trading
25. SBS Transit
26. SMRT
27. Isetan
28. Cerebos Pacific
29. Low Keng Huat
30. KS Energy

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
5. SingTel

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

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

My Unit Trust Portfolio:



Blogger Foo said...

Hi. Why do u have Raffles Edu in your portfolio, it currently has very high gearing and forward PE seems too high as compared to their peers in the education business.

Can you enlighten me on the rational? I am interested in accumulating this company stock.

10:07 PM  
Blogger ghchua said...

Hi Foo,

I do agree with you that Raffles Edu trades at a high PE, but it is a good cash business as it generates good operating cash flow. The high gearing is because of the aggressive expansion that they have done throughout the years by buying out colleges in China etc.

Management have realised the fact that they have high gearing, which is why they stopped giving out dividends during the last quarter. Going forward, they will try to reduce their gearing.

Having said that, Raffles Edu had been in my portfolio for very long time (I think more than 6 years) already and I didn't add onto it since I have taken an initial stake. It is in my top 30 holdings currently mainly because of its massive share price appreciation and bonus issues through the years.

3:33 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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