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Friday, January 31, 2014

My Investment Portfolio (January 2014)

STI started the year on a weak note. The expected CNY rally did not happen and STI retreated to around 3027 points. Many factors were cited for this weakness, with the US Fed cutting its stimulus, weak manufacturing data from China, weakness in emerging market currencies etc. At home, property stocks received a beating as investors are worried about slow moving sales in the local residential market after various government measures to cool it.

For this month, I have attended the following AGMs/EGMs/briefings - FDS Networks, Hiap Hoe, Straits Trading, Westminster Travel, Frasers Centrepoint Trust, Frasers Commercial Trust, Casa Holdings, Chew's Group, China Fishery, PNE Industries and Nam Lee.

For my top 30 holdings, the main mover was VICOM. It moved up a few places as analysts upgraded the stock. MTQ Corp was the other main mover as I subscribed to its scrip dividend scheme.

I have bought the following companies from the market this month - BBR Holdings, China Sunsine, Fung Choi, Hupsteel, Lantrovision, Popular, Qian Hu, Singapore Kitchen Equipment, Sinarmas and Tat Seng. I have also reduced my stake in Rowsley warrants and Viking.

I have accepted the following voluntary delisting/cash offer this month - Internet Technology Group. I have also participated in the following scrip dividend scheme - MTQ Corp.

Next month, most companies with financial year ending December 2013 will be reporting their full-year results. I will be looking closely at some of them. Also, UIS is expected to pay out their first distribution after delisting. I will be looking to re-invest those proceeds prudently back into the market.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 January 2014)

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

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)
21. FDS Networks Group
22. Aussino Group

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

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10 Comments:

Blogger Sanye ◎ 三页 said...

Hi Shifu,

Many Reits are offering script dividend scheme. Base on one of you previous blog, it seems that its not a good deal when they break their DPU in a few components, e.g. Cambridge, MTL, First Reit.

What's your view?

11:53 PM  
Blogger ghchua said...

Hi Sanye,

Do refer to my blog post again at:
http://ghchua.blogspot.sg/2013/12/reits-scrip-dividend-scheme-beware-of.html

What I am trying to say here is that do beware of its pitfalls when opting for scrip dividend scheme for REITs. Of course, if the offer price for the scrip is attractive, even the rounding down might not be an issue.

But when you opt for it, do know what you are getting into and do your calculation carefully so that you maximize the scrip allocation for each component. You should preferably opt for part scrip, part cash so that you can get back some money for those amount that could not be converted into shares due to rounding down.

Hope that the above makes sense to you.

10:09 PM  
Blogger Everlearning said...

Hi ghchua,

I never knew that I have to battle against the common colds and coughs so severely for the past one month. I am slowly but surely recovering from them.

This seemingly was a minor illness but I had to visit the clinic thrice and on medication for the longest period ever. Nothing beats a healthy body that oftentimes we tend to take it for granted.

Same goes with investments but the suffering is of different kind.


6:28 PM  
Blogger Tee Leng Goh said...

Hi,

Been following your blog for quite sometime and recently I decided to start blogging about my own investing experiences as well. Hope you'll add me to your blog list. Would love to discuss investment ideas with you, given your longer investing experience.

URL: sgvalueinvestor.wordpress.com

Thanks.

11:27 AM  
Blogger ghchua said...

Hi Everlearning,

Sorry on the late reply. I was also down with flu and cough for the past few days and just recovered after a few dosages of anti-biotics.

Yes, we often take health for granted in search of wealth. Nothing is more important than health and we should spare sometime to take care of it.

11:05 PM  
Blogger ghchua said...

Hi Tee Leng,

Thanks for supporting my blog! Added your blog in my list. :)

11:08 PM  
Blogger Gerald said...

MR Chua,

You must be a retiree and have a lot of cash to attend the AGMs and made so many stock investments. Hehe.

Regards,
SG Wealth Builder (www.sgwealthbuilder.com)

7:33 AM  
Blogger ghchua said...

Hi Gerald,

Yes, I have retired from the corporate world. But I am active in a sense that I am still an active investor. I don't think only retirees should attend AGMs. Any shareholder in a company who has an interest should attempt to attend AGMs to seek clarifications and take the company to task for poor performance.

After all, any shareholder can walk into an AGM and it is their right to do so. They can also vote on the resolutions tabled at the meeting.

11:05 PM  
Blogger Danson Ang said...

HI chua,

just curious, what is the strategy to investing actively and creating an income for a living.

I did a rough calculation. Assuming, my monthly expenditure is 2000/mth. I would need to have a passive portfolio value of 500,000 generating 5% dividend yield per year to sustain my living.

Of course, not everyone has half million to sit on. With 30,000 to start with, what kind of investment strategy would you recommend for a full time investor. (Of course, with this kind of starting capital, i definitely need to cut my expenses to 1000 and below)

Would like to hear from you. Thanks.

8:11 AM  
Blogger ghchua said...

Hi Danson,

I don't think I am an active investor. Actually, I am more of a passive investor and seldom switch stocks. If you had obeserved throughout the years, I had been re-investing dividends and capital from corporate actions like takeovers etc.

Creating income for a living doesn't need to be active. You can buy a list of high dividend yielding stocks and hold for long term. However, there are some stocks which don't pay good dividends but there are other merits in them which warranted investing in them. Therefore, it really depends on how you wish to build your portfolio.

To be very frank with you, with only $30K starting capital, you cannot become a full-time investor. Even taking into consideration of a 10%pa return, you are only getting about $3K per year. How to survive in S'pore with only $3K per year?

I think you need to build up your capital first before you embark on full-time investing. Do some part-time investing meanwhile on the background as well to learn as you go along.

9:57 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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