Thursday, January 31, 2013

My Investment Portfolio (January 2013)

The year got into a good start as STI powered ahead 3.65% to end at around 3300 points. Although things are pretty much the same on the economic front, investors seem to be on a "risk on" mode as large volume can be seen in small cap stocks.

For this month, I have attended the following AGMs/EGMs/briefings - Comm Design, Technics Oil & Gas, MFS Tech, Olam, Straits Trading, WBL, Thai Village, Sinobest, Etika, BRC Asia, Pacific Andes, PNE Industries, PNE Micron, Nam Lee and Casa Holdings.

For my top 30 holdings, Low Keng Huat and SP AusNet returned to the list due to good share price performance. Sarin Technologies was another big movement in the list.

I have bought the following companies from the market this month - Chew's Group, Colex, Far East Orchard, GK Goh, Guthrie GTS, Hong Leong Finance, Hotel Royal, IFS, Koon, Lung Kee (Bermuda), Nam Lee, OUE, Transview and Tuan Sing. I had also reduced my stake in Aspial in anticipation for the upcoming rights issue.

I have accepted the following voluntary delisting/cash offers - Kinergy and SC Global. I have also subscribed to the following rights issue - Ramba Energy.

I have participated in the following scrip dividend schemes - Aspial, Far East Orchard and MTQ Corp.

Next month will be a busy reporting month as most companies with financial year ending 31 December 2012 will be reporting their full-year results. I will be going through their result announcements as well as their comments on the outlook and business prospects for this financial year.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 January 2013)

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

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. NEL Group
16. LMA - Under Liquidation

My Unit Trust Portfolio:


Thursday, January 03, 2013

Investment Strategy for 2013

2013 would be a good year for equity markets, at least according to analysts out there. There seems to be a view that China and Korea are the laggard markets last year and they are going to do well this year. But do remember one year back at the beginning of 2012, not many people are predicting that 2012 would be such a good year for equity markets.

I would caution investors out there as markets had ran up quite a bit in 2012. Therefore, do have a diversified portfolio to ride through 2013. Below are my strategy to approach 2013, in terms of investment work plan:

1. Seek value but maintain overweight position in confident ideas. Though I have avoided most high growth stocks in 2012, it did not affect my portfolio that significantly on a whole. This is because I have added more into those undervalued companies in my portfolio and they contributed to its performance. I will continue to seek value in the market, and add onto my more confident ideas.

2. Keep a lookout for M&A deals. M&A deals are a good way to make decent gains from a stock as normally the acquiring company will pay a premium over its last done price, if they are serious in taking the stock private. 2013 will be more of the same, if one can spot stocks that had been neglected by the market but continue to generate good cash flow and have good undervalued assets in their books. Also, one can expect some s-chips to be delisted as well since some of them are trading at low valuations which makes its listing status unnecessary.

3. Educate oneself. Education is important for a private investor, especially a full-time one as he/she needs to consistently keep updated in order to have a competitive advantage over other investors out there. I would want to spend sometime in 2013 to read some books on investment stuff other than the usual annual reports and circulars.

4. Get people on board, share investment ideas. I had met a few investors out there who are willing to share ideas with other investors, but also some who are keeping much to themselves. Sharing ideas with fellow investors helps one to grow as an investor. One can also learn from other investors' mistakes and as time goes by, avoid making those mistakes. So, don't be shy and share ideas among your own investment group or even people outside the group.

5. Be consistent, don't be affected by market noises. I am sure that there will be events that will affect the markets in 2013, just like in 2012. However, do follow through your investment plan and don't get affected by short term market noises. Don't panic if things doesn't go according to plan. Try to see whether you are still on the right track and if you are, keep on course. Do not sidetrack.

6. Patience. Some investors might want to see instant returns from their best stock ideas. However, we know that it is not possible for every stock idea to turn out well. The key is have patience and not to rush into doing something silly. Volatile markets are the best foe for a long term investor and we need to have patience to ride out volatility.

7. Do exercise. Relax your mind from the markets by engaging in some outdoor activities. Your mind will become clearer and more focused when you come back. Do take a break when you don't have good stock ideas and continue to work hard to find when you come back from your break.

Wishing all investors out there many happy returns in 2013 and beyond!



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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