Friday, March 31, 2017

My Investment Portfolio (March 2017)

STI ended the first quarter on a high, closing at 3175 points. It had been a good month especially for manufacturing stocks as they continued to benefit from strong export numbers.

For this month, I have attended the following AGMs/EGMs/briefings - ARA, K1 Ventures, Pacific Century Regional Developments and Mermaid Maritime.

For my top 30 holdings, stocks that did well include Hong Fok, Bukit Sembawang Estates, Keppel T&T and Tat Seng. Best World and PNE Industries also returned to the list after a good run while LHT is a new entry to the list after they announced an increase in dividend payout with their full year result. Shangri-La Asia also did well as their full year result beats market expectation. Laggard include ComfortDelgro as investors continued to be concerned with their taxi business due to increased competition from new players.

I have bought the following companies from the market this month - AV Jennings, Delfi, FSL Trust, GK Goh, Hotel Grand Central, iFAST, K1 Ventures, Keppel T&T, Riverstone, Samudera, Straits Trading, The Hour Glass, UIC, Union Steel, VARD and Vicplas. I have also closed my position in UPP W200212 to lock in its time value.

I have accepted the following voluntary delisting/cash offers this month - Auric Pacific and Super Group. My stake in Innovalues was also being acquired via scheme of arrangement.

I have also participated the following rights issues - HMI and Ascott REIT.

Next month will be the usual AGM season as companies with financial year ending 31 December 2016 will be conducting their AGMs. As usual, I will be attending some of these meetings to get some updates from those companies that I have invested in and their outlook and prospects ahead.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 March 2017)

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

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

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

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. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
11. FerroChina - Under Liquidation
12. FirstLink Investments
13. NEL Group
14. Jets Technics
15. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
16. Hongwei Technologies Limited (In Provisional Liquidation)
17. FDS Networks Group
18. Aussino Group - In liquidation - Creditors' voluntary winding up
19. China Oilfield Technology
20. China Milk Products Group - Under Liquidation
21. Pacific Healthcare

My Unit Trust Portfolio:



Blogger twinklekm said...

I see you have Jardine Matheson in your holdings. Did you take up permanent election for JMH scrip dividends or do you elect every time they announce dividends?

5:48 AM  
Blogger ghchua said...

Hi twinklekm,

Unfortunately, if you are holding JMH shares through CDP, there is no permanent scrip election option. You can only elect for scrip every time they declare a dividend.

Hope that the above clarifies.

9:28 PM  
Blogger twinklekm said...

Oh, I see. Thanks.
Too bad they don't include a postage paid envelope. It is too troublesome!

6:45 AM  
Blogger Sanye ◎ 三页 said...

HI Shifu,

Is there any specific reason that the 3 big banks and Telcos are not in your top holding list?

6:37 PM  
Blogger ghchua said...

Hi Sanye,

Sorry for the late reply as I was busy with AGMs lately.

3 big banks - Their valuation is ok, but not very cheap. Though higher interest rate gong forward might benefit them due to higher net interest margin, I prefer finance companies over banks as they are trading at lower valuation, with all 3 of them trading below book value.

Telcos - Competition is intensive with the entry of 4th telco and dividend might be at risk going forward. Among the 3, I have a bigger position in SingTel due to their regional exposure and then M1 as there is a chance that there might be a corporate action as majority shareholders are looking to sell their stake. I have a very small stake in StarHub which I don't think I will be looking to add onto that position anytime soon.

8:10 PM  

Post a Comment

<< Home


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!

Powered by Blogger