Thursday, March 31, 2016

My Investment Portfolio (March 2016)

STI ended the month at around 2840 points, regaining much of the lost ground from the loss early this year but still ended the quarter down as compared to the start of the year. Still, it is the best performing month this year after the January market crash. Markets were helped by news that the US Fed would not hike interest rate so soon.

For this month, I have attended the following AGMs/EGMs/briefings - Saizen REIT, Del Monte, 8Telecom, Envictus, Techcomp and Mermaid.

For my top 30 holdings, Spindex is a new entry after it had done well for this month. Shangri-La Asia is also another new name in the HK$ denominated list after I added more to the stock and also due to its decent run-up after announcing their full-year results. Not much changes to the other holdings in the list except for Sarine Technologies, which continued to be volatile in its price movements and moved up a few places this month.

I have bought the following companies from the market this month - Broadway, Combine Will, Elec & Eltek, GLP, Hiap Seng, Hong Kong Land, Hotel Royal, Hwa Hong, Jardine Strategic, Mandarin Oriental, Shangri-La Asia, UIC, UOL and Yeo Hiap Seng. No sell trade was done.

I have participated in the following scrip dividend scheme this month - CapitaLand Retail China Trust. I have also subscribed to the following rights issue - OUE H Trust.

Next month will be a very busy one for me as the hectic AGM season goes into full swing. Most companies with financial year ending 31 December 2015 will be holding their AGMs in April. As usual, I will be attending some of these AGMs to get some updates from those companies and their strategies and business outlook ahead.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 March 2016)

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

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land 
3. Mandarin Oriental  
4. Jardine Matheson
5. Dairy Farm 

Top Holdings (HK$ Denominated shares)
1. Fortune REIT
2. Shangri-La Asia

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. Dongshan Group Ltd (formerly known as 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. Final meeting on 14 Apr 2016.
11. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
12. FerroChina - Under Liquidation
13. FirstLink Investments
14. NEL Group
15. Jets Technics
16. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
17. Hongwei Technologies Limited (In Provisional Liquidation)
18. FDS Networks Group
19. Aussino Group - In liquidation - Creditors' voluntary winding up
20. China Oilfield Technology

My Unit Trust Portfolio:


Thursday, March 17, 2016


For those holding the above company warrant, maybe it is time to consider converting them to shares. The record date for their upcoming dividend entitlement is as follows:

SHS HOLDINGS LTD. - 12 May 2016, 5pm. Final dividend 0.32cts per share, Special dividend 3.68cts per share.

Though the warrant expires on 16 DEC 2019, there seem to be no time value in it as it currently trades at around 7.6cts, with an exercise price of 20cts. Adding the exercise price to its current market price, it is still a bit lower than the current mother share market price.

The main reason I guess is because the warrant is currently deeply in the money, the time value of the warrant is almost zero. Which means, the intrinsic value of the warrant is simply market value of the warrant + exercise price.

For long term investors of SHS Holdings, I guess it is time to convert to lock in the dividends.



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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