My Investment Portfolio (April 2010)

The story of this month had been the debt problems with the PIIGS, with Greece’s debt crisis been very much in the news. STI finished this month below 3000 points, and not much had been happening actually with most of the companies conducting their AGMs this month.

For my top 30 stock holdings, it is "as it is" as usual. Not much changes, a boring portfolio I must say. But Cheung Woh Technologies had managed to squeeze into my top 30 list for the first time. This Precision Engineering firm had a good cash flow, nice little balance sheet and easy to understand business. With most of the technology stocks having outperformed the market recently, the gems are out there for investors to pick them up to ride on the expected technology cycle upside.

General Magnetics is a new entry in my unlisted companies list. Unlike most of the companies in the list, General Magnetics certainly have value to be unlocked. I shall wait for more updates from the company with regards to their future plan and whether they are going to offer an exit for minorities. They have also yet to hold their AGM, and I wait for their annual report as well.

For this month, I accepted two exit offers - China Lifestyle and Jurong Cement. Their proceeds had been re-invested back into my portfolio. I have also participated in Anwell rights issue and converted my Lee Metal company warrants to ordinary shares.

I have also bought the following companies from the open market this month - AsiaMedic, Aspial Corp, Heatec Jietong, Intraco, LHT Holdings, Nippecraft, PNE Industries, PSC Corp, Sin Ghee Huat, SP Corp and UIS.

I have went through quite a number of annual reports this month. This is to obtain some re-investment ideas for next month, whereby there will be a lot of companies with financial year ending 31 December 2009 giving out dividends.

Next month, I will convert my Viz Branz warrants to ordinary shares. I will also start to re-invest back my expected dividends collected from my portfolio prudently back into the market.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 April 2010)

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

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
4. A-REIT
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
4. China Printing & Dyeing Holdings
5. FerroChina Limited
6. General Magnetics

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

VIZ BRANZ LIMITED W110630

For those who are holding this warrant, it might be a good time to convert them to shares. It seems to me that the company is now declaring dividends four times a year, having declared one special dividend of 0.75cts per share in January this year and an interim dividend of 1cts per share in March this year, it is declaring another special interim dividend of 0.75cts to be paid in May.

Although there is still one year from expiry for this warrant, it suffers from low liquidity mainly due to the fact that a lot of shareholders had been coverting the warrants to shares, making it very difficult to trade at a premium although it still has around one year in time value.

I will be converting this one to shares soon, hopefully in time to be entitled to the special interim dividend that had been declared.

LEE METAL GROUP W100910

I will be converting Lee Metal Group warrants around 4.5 months before expiry. Normally, I don't like to convert warrants way before expiry as I will lose time value for the warrant in question. But for this case, I will be paying 5cts per share to convert each warrant to share and getting back 2cts dividend in May. I guess it is worthwhile converting since I will be getting back 40% of my investment within one month.

I guess most of the other Lee Metal Group warrant holders will agree with me that the above is a good deal.

What Stocks to Buy? Have You Been Buying Stocks?

Dear readers,

I always get these two questions - "What Stocks to Buy?" and "Have You Been Buying Stocks?" lately from some of my friends and I am getting sick of answering them. Basically, my answer is very simple nowadays - "Read my blog". Yes, I will not be answering these questions directly at my blog here too. :)

These kind of questions often pops out when one does not have an investment plan. It is very risky to buy based on other people's recomendations, because each person have different investment objective, holding period, experience in selecting stocks etc. What is good for me might not be good for you, and it is best that one does his/her own homework and invest based on his/her investment objective. I can share with you my views on a certain stock, but I will not be recommending people to follow me. Because eventually, you are the one who will be putting money into that investment and you have to be responsible for your own actions.

I guess it is good to really have an investment plan because it serves as a guide for your investment action. And if one can relate his/her investment action back to the plan, then it is the first step towards successful investing.

So readers, do take action now and secure your own financial future through prudent investing.