Monday, December 31, 2012

My Investment Portfolio (December 2012)

December 2012 had been a quiet month as most investors went on year-end holiday. STI managed to close at around 3160 points. US "fiscal cliff" again dominated the headlines for this month.

For this month, I have attended the following AGMs/EGMs/briefings - GLP, Chemoil, MIIF, Asiasons WFG (now known as ISR Capital), Cougar, LippoMalls Trust, 2nd Chance, Transview, CFM, Miyoshi and Viz Branz.

For my top 30 holdings, Old Chang Kee returned to the list and was a big mover as investors cheered the special dividend that had been declared. United Engineers and Far East Orchard also did well.

I have bought the following companies from the market this month - Amara, Ascendas H Trust, Bonvests, CapitaMalls Asia, Chip Eng Seng, Chosen, EnGro Corp, Haw Par, Hiap Hoe, Hotung, IFS, IPSCOM, Internet Technology Group, Keppel Corp, Koon, Lantrovision, Noel Gifts, OUE, PM Data, Raffles Medical, SHC Asia, Stamford Land, STX OSV, Thai Village, Transview, Tsit Wing, Tuan Sing, United Engineers, UOI and YHI. I had reduced my stake in LionGold as part of my cash extraction strategy - i.e. Sell shares and subscribe to same number of LionGold company warrant.

I have accepted the following voluntary delisting/cash offers - APB, China Farm, Creative Master and Harry's Holdings. I have also subscribed to the following rights issues - LionGold, Oxley and Hai Leck.

I have participated in the following scrip dividend schemes - Cambridge, Sim Lian, SP AusNet and Tai Sin.

January 2013 is expected to be a busy month for me as companies with financial year ending September 2012 will be holding their AGMs. Nevertheless, I will still be posting my investment strategy for 2013 and some of the work plans that I intended to carry out during the year.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 December 2012)

Top 30 Holdings (Sing$ Denominated shares)
1. F&N
2. Jardine C&C
3. Bukit Sembawang Estates 
4. Viz Branz
5. Aspial
6. United Engineers  
8. SGX
9. Sing Investment & Finance
10. SembCorp Marine
11. CapitaMall Trust
12. Noble Group
13. UIS
14. Metro Holdings
15. Far East Orchard
16. Old Chang Kee
17. Bonvests
18. The Hour Glass
19. KepLand
20. Fragrance Group  
21. OSIM International
22. Guthrie GTS
23. Sarin Technologies
24. Wheelock Properties
25. Haw Par
27. Hong Leong Finance   
28. Singapura Finance
29. Hotel Grand Central
30. Superbowl Holdings

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 Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaMall Trust
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Greatronic Limited
4. China Printing & Dyeing Holdings - Under Liquidation
5. General Magnetics
6. Fastech Synergy
7. Beauty China- Under Liquidation
8. Memory Devices
9. Jurong Tech
10. FM Holdings
11. Japan Land - Under Members' Voluntary Liquidation
12. Zhonghui - Under Judicial Management
13. FerroChina - Under Liquidation
14. FirstLink Investments
15. Maveric Ltd - Under Members' Voluntary Liquidation
16. NEL Group
17. LMA - Under Liquidation

My Unit Trust Portfolio:


Tuesday, December 25, 2012

Review/Reflections for 2012

The year is ending soon and it is time to look back at 2012. 2012 is also the first full year that I had become a full-time investor and sad to say, my first full year of unemployment. STI started the year at around 2650 points and it is up around 20% from the start of the year at the time of this blog post. Most investors who stay invested throughout the year would have done well.

I have not computed my returns for the year but I reckon that I had also done reasonably well this year. I had not made much changes throughout the year on my portfolio as I added onto my better ideas and also reduced my stake in a few counters. All in, I have done less than 15 sell trades for the year. It is higher than previous years but still ok as I need some fresh funds to invest in better ideas and also sell off some of those less promising stocks. I have stayed almost 100% invested throughout the year. My stock count is almost the same as last year, so I have not added much new counters this year into my portfolio. I have not applied for any IPOs this year and followed through my rights issue and scrip dividend scheme strategies. For my CPF OA Investment portfolio, it is a simple case of re-investing the dividend received from my stock holdings into existing unit trusts. I could not re-invest into more stocks due to my low CPF OA Stock Investment limit. For my CPF SA Investment portfolio, there is no activity since I could not invest any more funds as I have hit the CPF SA Investment Threshold. I need to overcome these problems for CPF Investment but there is no solution at this moment. Since I did not make any contribution to my CPF for the year, there is no way I can overcome these limits, unless I sell some investments.

I have attended around 100 company meetings this year which includes AGMs, EGMs, briefings etc. This is a record for one year since I started my investment journey as a part-time investor around 10 years back. Being a full-time investor certainly have an advantage as it allows me to spend more time going through those annual reports/circulars and attend company meetings to ask them questions. It certainly allowed me to gain more insights into those companies that I have invested. That is one main advantage that I have as a full-time investor over those part-time ones.

I have also joined an investment group this year. Basically, this group of passionate investors met once per month to discuss various investment ideas/strategies. I have also met some of these fellow investors at company meetings. Joining an investment group is important as it allows you to share your ideas with others and get inputs from them as well. It helps you grow to be a better investor. Do not be afraid to share ideas with others as that is the only way for you to learn. You might not agree with some of their ideas, but it helps you gain insights on their thinking. Most importantly, you know that you are not all alone in this investing journey and it keeps you focused on your investment process/ideas as you defend them during discussions. You learn from your mistakes as well during debates.

There is no big expenses for the year, and therefore I am quite comfortable in matching the cash flow from my investments with my expenses every month. This is very important for a full-time investor. I don't want to be in a situation to be forced to sell my stocks in order to pay my bills every month.

2012 had been a good year for investors and I sincerely hope that readers of this blog had made some decent profits as well. As this is the last post of the year for this blog, I wish to thank all of you readers out there for your support in 2012 and enjoy your holidays!



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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