Monday, June 30, 2014

My Investment Portfolio (June 2014)

STI ended the month on a losing note at 3255 points. Markets had been quiet this month, with low trading volume on most days. This is because of the ongoing FIFA World Cup in Brazil and also worries about unrest in Iraq. Also, there is no much news on the corporate front to move the market.

For this month, I have attended the following AGMs/EGMs/briefings - Global Yellow Pages, Sunvic, ISR Capital, 2nd Chance, Transit Mixed Concrete, Global Invacom and A-REIT.

For my top 30 holdings, Hong Fok continued its good run and had been a top performer in my portfolio for this month. Another good performer is Hotel Grand Central as they announced the sale of their hotel in Little India on the last trading day of June. ComfortDelgro and Stamford Land returned to my top 30 list due to good performance. GK Goh returned to the list as I added onto the stock this month.

I have bought the following companies from the market this month - Amara, Ban Leong, BBR, Chew's Group, CSE Global, Eastern Holdings, Eunetworks, Forterra Trust, GK Goh, GP Hotels, Hupsteel, IFS Capital, Jardine Strategic, Keppel Corp, Keppel T&T, KTL Global, Lantrovision, Mandarin Oriental, MYP, Singapore Reinsurance and Venture. I have also closed my position in DTAC after they announced their decision to delist from SGX.

I have participated in the following scrip dividend schemes this month - Aspial, Cambridge, DBS, Far East Orchard, Frasers Commercial Trust, Hotel Grand Central, Mapletree Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, OCBC, QAF, Raffles Medical, Sabana REIT, SP AusNet, Tuan Sing, UIC, UOA, UOB, UOB Kay Hian and UOL. I have also participated in the following rights issue - Global Yellow Pages.

I have accepted the following voluntary delisting/cash offers this month - ASJ, CapitaMalls Asia and China Powerplus.

Next month will be another busy month for me. Companies with financial year ending 31 March 2014 will be holding their AGMs. I will be attending some of them to get some updates. I will also seek to re-invest the special dividend from Transcorp as and when opportunities presents itself.
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 June 2014)

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

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 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
23. Sunray Holdings

My Unit Trust Portfolio:



Blogger Chong said...

Hi ghchua,

Surprised to see that you owned China Powerplus. I am glad that they have fulfilled their promise to buy back their shares even after the shares were suspended. This is one of my last 2 S-chips which I managed to get out without a loss. Also there is no need to hold on to a useless piece of paper after delisting.

Not sure if you took the opportunity to buy into UMS.


5:55 PM  
Blogger ghchua said...

Hi Chong,

China Powerplus was one of my many investment mistakes last time. They started out quite well, paying dividends and looks to have good products like portable power tools including mist dusters and brush cutters.

However, things gone from bad to worse and they can't seem to recover from their losses. Profit margin also kept going down and they cited lower selling prices of their products. Receiveables also being impaired during the last FY.

Their investment in China Steel also didn't turn out well.

Therefore, I don't think I want to continue investing in the company and the exit offer is a good chance for me to get out.

I only have a small stake in UMS, not adding anymore to it.

12:22 AM  
Blogger Aaron Grey said...

Hi, Nice site I enjoyed reading it. Thanks for sharing. Would it be possible if I contact you through your email? Please email me back. Thanks!

Aaron Grey
aarongrey112 at gmail.com

7:22 PM  
Blogger edragon said...

Hi GH,

I suppose there is no sales done.


3:22 AM  
Blogger David said...

Hi ghchua,

Can you also pose a comment on the CPF changes? Would like to hear your opinion on CPF reform and whether will it affect our investments or our way of investing with CPF.


10:24 PM  
Blogger Everlearning said...

Hi ghchua,

Your blog has been my very source of encouragement and enlightenment in my six year's of equity investments.

It is never an easy task to keep track with the movements of the companies' changes of their policies and directions of businesses. But, at the end of the day, I may end up being tricked or treated by their corporate actions.

I have never liked to apply IPO but somehow tried twice and got l lot for both counters. I just wanted to experience buying from the ATM and owning shares using different platform.

Thanks for being a great help to me these past years. I might not be that knowing as you are but I have realized a little better what kind of an investor I am.

8:01 PM  
Blogger ghchua said...

Hi edragon,

I have actually sold DTAC (aka closed my position) in June, and the reason had been explained in the blog post.

10:08 PM  
Blogger ghchua said...

Hi David,

Which part of the CPF reform would you like me to elaborate on? I do not wish to comment on each and every CPF policy changes as there are too many of them and it happens quite often. If there is any part which you are keen on, I could write something on it.

10:10 PM  
Blogger ghchua said...

Hi Everlearning,

As usual, thanks for your comments.

IPO is really not for me and to be frank with you, I haven't applied for any IPOs for donkey years. I prefer to buy from the market when I find good stocks trading at decent valuations and via rights issue.

For IPOs, you won't get a decent amount of shares for a good counter and you get a lot for lousy ones. Pretty much a loser's game if you ask me.

10:13 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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