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Tuesday, December 31, 2013

My Investment Portfolio (December 2013)

STI ended the year at roughly the same level as the start of it. There had not been much news flow this month as most investors are having their usual December year end holidays. Trading volume was thin. The two half day sessions during the month doesn't help things either. Lack of corporate developments was also apparent during the month as most company staff might be away on holidays as well.

For this month, I have attended the following AGMs/EGMs/briefings - OUE, UIS, Riverstone, Ezra, SIIC ENV, CM Pacific, Miyoshi and Second Chance Properties.

For my top 30 holdings, UIS had been delisted and therefore removed from the list. Pending distributions from the liquidators, UIS will be liquidated. F&N also dropped out of the list after it went ex-entitlement with respect to distribution in specie of Frasers Centrepoint shares. Stamford Land is a new entry in my top 30 list for the first time as I had been accumulating the stock for the past few months.

I have bought the following companies from the market this month - AP Oil, ASL Marine, BBR Holdings, Fischer Tech, Haw Par, Hotel Properties, Hupsteel, Kingboard, Kingsmen, Metro, Popular, Singapore Reinsurance, San Teh, Straits Trading and UOI. I have closed my positions in Elite KSB and Sound Global after their announcement of delisting from SGX. I have also reduced my stake in GRP and Rowsley.

I have accepted the following voluntary delisting/cash offers this month - Asia Power and Devotion Energy Group. I have also participated in the following scrip dividend schemes - AIMS AMP Industrial REIT, Boardroom, Cambridge, MapleTree Industrial Trust, MapleTree Logistics Trust and SP AusNet.

I have subscribed to the following rights issues - Ascott REIT, Technics Oil&Gas and Tiong Seng.

January 2014 is expected to be a quiet month until near the end of the month, where companies having financial year ending September 2013 will be holding their AGMs. I will be attending some of these AGMs to get further updates from the companies.

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

Top 30 Holdings (Sing$ Denominated shares)
1. Sarin Technologies
2. Bukit Sembawang Estates 
3. United Engineers
4. Old Chang Kee
5. Haw Par 
6. Jardine C&C
7. Superbowl
8. Metro Holdings
9. Aspial 
10. SGX
11. OSIM International
12. Sing Investment & Finance  
13. Bonvests 
14. A-REIT
15. SembCorp Marine
16. Noble Group  
17. CapitaMall Trust
18. Hiap Hoe
19. Hotel Grand Central
20. Far East Orchard
21. Hong Leong Finance 
22. The Hour Glass
23. Low Keng Huat
24. Hong Fok
25. Singapura Finance
26. GK Goh
27. Hotel Royal
28. MTQ Corp
29. Stamford Land
30. VICOM

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
4. A-REIT
5. Challenger Technologies

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

My Australia Stock Portfolio
1. GPS Alliance Holdings Limited

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Greatronic Limited
4. General Magnetics
5. Fastech Synergy
6. Beauty China- Under Liquidation
7. Memory Devices
8. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
9. FM Holdings
10. Japan Land - In liquidation - Members' voluntary winding up
11. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
12. FerroChina - Under Liquidation
13. FirstLink Investments
14. NEL Group
15. KXD Digital Entertainment - In liquidation - Compulsory winding up (Insolvency)
16. Shanghai Asia Holdings - In liquidation - Members' voluntary winding up
17. Jets Technics
18. UIS -  In liquidation - Members' voluntary winding up
19. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
20. Hongwei Technologies Limited (In Provisional Liquidation)

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

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4 Comments:

Blogger faith said...

Hi GH Chua,

I do not see Kori in your investment portfolio. Is this stock worth holding? Thank you.

Faith

4:39 PM  
Blogger ghchua said...

Hi Faith,

I don't have Kori as I already hold TTJ in my portfolio. Similar to TTJ, Kori is a structural steel specialist. I didn't look at it in details because I find that its PE is a bit high compared to the other similar companies.

Also, it is quite a new listed company and therefore I gave it a miss. Will maybe re-look it in future.

6:36 PM  
Blogger Chee Kiong Ng said...

Hi guchua,

Did you attend the EGM of Westminster yesterday, 16/1/2014? Would you mind share some information on what has been discussed in particular the bonus dividend after the disposal of core travel business is concluded? By the way, will there by any interim dividend coming too?? Thank you

5:56 PM  
Blogger ghchua said...

Hi Chee Kiong,

Yes. I did attend the EGM yesterday.

Basically, the board didn't commit when asked about the bonus dividend. Chairman said that they will have a board meeting to discuss this issue and will announce the decision later. But he did say that if there is a special dividend to be paid, it will be done within the 1st half of this year.

There is also a question on whether they had put up the business for sale. Chairman said no and the buyer actually approached them and not the other way round. As for pricing and the low PE for the sale, chairman said that they buyer is the best fit and the greatest possibilty of the deal being done. There are other offers but they are all not in the advanced stage of negotiation.

As for what business they are going to inject into the company after the disposal, they are still looking around and open to all options available.

7:24 PM  

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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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