Friday, February 26, 2010

My Investment Portfolio (February 2010)

This month is quite short actually due to the Chinese New Year holidays and also there is only 28 days. As a result, the stock market doesn't seem to go anywhere.

For my top 30 stock holdings, not much changes as basically most of the companies announced results that is within expectation. The activities is actually outside my top 30 list, as some of those mid cap stocks like Eng Kong, OSIM, Old Chang Kee etc moved up quite a few places. Hopefully, they will become one of my top 30 holdings one day.

Main cash inflow for my portfolio this month had been dividend from my REIT holdings near the end of this month. They had been re-invested back into the market via mid and small cap stocks, as value is now in this segment of the market as it can be seen that some of these companies actually announced results that are above expectations, with good dividend that comes along with it. For this month, I have bought New Toyo, Thai Village, Dynamic Colours, Colex, Casa Holdings, LHT Holdings, Advanced Holdings, AEI Corp and Innotek. I have also utilized my CPF-OA funds to add onto my existing unit trusts this month.

I have accepted the exit offer for my Giant Wireless Technology shares. I have also voted against the delisting resolution for my Full Apex shares via proxy, and the company managed to stay listed as minorities get together to throw away delisting offer, which doesn't seem fair in my opinion.

I have also participated in a few rights issues - Popular Holdings, ASJ Holdings, Juken Technology, TSH Corp, TEE International and UPP.

Next month, there will be some rights issues as usual for me to participate in and the main one will be Fraser Commercial Trust's Series A CPPU. I will also continue to buy mid/small cap value stocks from the market.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 26 February 2010)

Top 30 Holdings (Sing$ Denominated shares)
1. Noble Group
2. SGX
4. F&N
5. Jardine C&C
6. CapitaMall Trust
7. SembCorp Marine
8. Bukit Sembawang Estates
9. Raffles Education Corp
10. KepLand
11. Parkway Holdings
12. CapitaLand
13. CitySpring Infrastructure Trust
14. Low Keng Huat
15. K-REIT Asia
16. ComfortDelgro
17. Hong Leong Finance
18. Transpac Industrial Holdings
19. Ascendas India Trust
20. Pacific Andes
21. Wheelock Properties
22. CDL H-Trust
23. OCBC Bank
24. Cosco Corp
25. CapitaCommercial Trust
26. PSL Holdings
27. SP AusNet
28. Rotary Engineering
29. Keppel Corp
30. WBL Corp

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. Fortune REIT
2. Tan Chong International

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

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
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 cif5000 said...

Just being kaypoh...Did you get New Toyo on Friday after SAH announced their results on Thur?

8:18 AM  
Blogger ghchua said...

Hi cif5000,

Nope. I added onto it using my CPF funds near the middle of the month. New Toyo had been part of my CPF holdings for quite sometime, and therefore I just added onto it.

7:22 PM  
Blogger Everlearning said...

Hi ghchua,

I am given 400 Fraser Commercial Trust's Series ACPPU and have not responded yet. Looks like you are going to subscribe them and should I go ahead to subscribe for excess rights to make 1000?

Frankly speaking, I have no idea what this offer is about, but I believe it should be SAFE and all right to be added in the existing portfolio.

Would you mind sharing your views with me?

12:01 AM  
Blogger cif5000 said...

I see...how about AEI? Did you chase the yield? or did you get it before the announcement? I am interested if you have gotten it before the announcement, i.e. did you spot any tell-tale signs?

All in, I think this year's dividend is quite mouth-watering for many companies.

10:26 AM  
Blogger ghchua said...

Hi Everlearning,

You can follow this topic at sgfunds.com. There had been a few discussion there, including those by me:

6:28 PM  
Blogger ghchua said...

Hi cif5000,

I have some holdings in AEI Corp and after the result had been released, I felt that it is still ok for me to buy and so I added some more into it.

I guess it is not about chasing yield, but rather whether valuation is still reasonable. For AEI's case, it is still a good value buy even after the result had been released.

6:30 PM  
Blogger Everlearning said...

Hi ghchua,

Thanks for the link. From what I read, I can't really figure out what were discussed.

It seems that the offer is neither fantastic nor frivolous; different opionions were given so it truly is up to the investor's choice whether to subscribe it or not.

I think I will just go along with it.

10:34 PM  
Blogger ghchua said...

Hi Everlearning,

It really depends on your investment objective and your risk profile.

CPPU is ranked senior than ordinary units but junior to debt. So, it is somewhere in between. Of course, some people are not happy putting down $1 to have an option to buy the underlying units at a much higher strike price than what it is trading now. Also, some are not comfortable with the company having the option to call back the CPPU after 3 years and pay you at par (i.e. $1).

If you read through everything, then you should have an idea what it is all about. Then, try to form your own opinion whether it is worthwhile subscribing to it, based on your investment objective and how it will contribute to your existing portfolio.

12:06 AM  
Blogger Everlearning said...

Hi ghchua,

Just ask you one more question. I would not lose money like the mini-bonds, highnotes, kind of investments if I were to take up this subscription, right?

1:09 AM  
Blogger ghchua said...

Hi Everlearning,

There is no 100% sure win in investments. Therefore, I can't guarantee you anything in any product. But we can minimize the risk via diversification, which means not putting all your eggs in one basket.

For CPPU, you are subjected to the credit risk of the issuer, which in this case is of course Fraser Commercial Trust.

1:15 AM  
Blogger Jaeden said...

Hi ghchua,
I come across your blog regarding giant wireless technology share exit that you accepted in Feb this yr. I happen to own some shares (1210)after it had delisted here, for not acting on it. Any idea how I can get rid of them now?

2:34 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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