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Saturday, April 29, 2017

My Investment Portfolio (April 2017)

STI closed the month flat as compared to last month. Uncertainty in the markets prevented it from moving higher, though there is some recovery towards the end of the month. The usual concerns were there - French elections, US political uncertainty and North Korea. Tech stocks (especially those with exposure to automotive and semiconductor sectors) continued to do well.

For this month, I have attended the following AGMs/EGMs/briefings - SP Corp, CapitaLand Mall Trust, Far East Hospitality Trust, CapitaLand Commercial Trust, Colex, Ascott Residence Trust, CapitaLand Retail China Trust, Far East Orchard, OUE Hospitality Trust, GK Goh, CapitaLand, SBS Transit, City Developments, Delfi, Samudera, Yanlord, Frencken, Sabana Reit and Kingboard Copper Foil.

For my top 30 holdings, not much changes this month as there is not much news flow with AGMs going on for most companies except for Amara and Hong Leong Finance whereby research houses initiated reports on these companies. With some companies going ex-dividend already, interest in these holdings might go down a bit unless there is significant news flow. I have added my position in some of these holdings though.

I have bought the following companies from the market this month - AV Jennings, Far East Orchard, GuocoLand, Heeton, Hong Leong Finance, iFAST, Isetan, K1 Ventures, SingPost, Singapore Reinsurance and YHI. No sell trade was done.

I have accepted the following voluntary delisting/cash offers this month - AIM and Global Premium Hotels. My stake in ARA Asset Management was also being acquired via scheme of arrangement.

I have also participated in the following scrip dividend scheme - Global Investments.
 
Next month will be another quiet month. I will continue to go through those annual reports that I have missed out last month and catch up with some of my readings on investment.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 April 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. Sarine Technologies
8. Bukit Sembawang Estates
9. Singapura Finance
10. Keppel T&T
11. UOL
12. Hotel Grand Central
13. Sing Investment & Finance
14. Hong Leong Finance 
15. Tat Seng
16. Hotel Royal
17. Old Chang Kee
18. Far East Orchard
19. A-REIT
20. GK Goh
21. ComfortDelgro
22. Amara
23. CapitaLand
24. Hotel Properties
25. Best World 
26. SGX
27. Stamford Land
28. LHT
29. PNE Industries
30. Isetan

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land
3. Mandarin Oriental
4. Dairy Farm
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
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. 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:
http://www.fundsupermart.com/main/community/Portfolio_View.svdo?id=P199

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9 Comments:

Blogger JTK said...

Hi GHChua

Can you share the rationale behind buying the following companies?

Hong Leong Finance - The price has shot up and it seems to be expensive.

K1 Ventures - Expected to be liquidated. Do you still see the value?

GuocoLand - Debt is more than Market capitalization. Isn't it risky?

Thank you in advance.
JTK

9:07 PM  
Blogger ghchua said...

Hi JTK,

Hong Leong Finance - It is still trading below NTA though I understand that a research house had initiated coverage on it. I have bought the stock from unit share market and therefore the price is much lower than the normal board lot share market.

K1 Ventures - I expect its liquidation value per share to be higher than its current trading price, which explains my purchase.

GuocoLand - Not really. As more of their developments had been completed and cash being collected, plus recurring income from Tanjong Pagar Center, it should have a better cash position to buffer their debt position.

6:31 AM  
Blogger Ben said...

Hi Ghchua,

Do you find going through the annual report of so many listed companies (which you have stake in) very taxing?

I find it quite tired going through these reports. I do it during the night (weekdays) and weekends which are outside my working hours.

Ben

5:49 AM  
Blogger ghchua said...

Hi Ben,

Unfortunately, there is no short cut to investment success. Going through the annual reports is a must if you are a serious investor. If you feel tired after reading for a while, maybe you can go out for a jog or do something else before coming back to complete your readings. The key is to do it at your own pace. Don't rush it as you might miss out on some important stuff in those reports.

I know it is tough doing it part-time and I have experienced it before. That is why I am now a full-time investor and at least I have control on my time.

12:30 AM  
Blogger Ben said...

Hi Ghchua,

Thank you for your encouragment. I will take it slowly at my own pace.

Ben

6:17 AM  
Blogger Sunny said...

Shifu

Have you received payment from ARA?

thanks

4:57 PM  
Blogger ghchua said...

Hi Sunny,

Yes, I have received the payment for ARA scheme.

9:51 PM  
Blogger Unknown said...

I forgot to accept the global premium hotel offer and the offer lapses. What should I do?

8:27 AM  
Blogger ghchua said...

Hi Unknown,

Don't worry about it. They have secured enough shares and will compulsory acquired your shares and pay you the offer price.

11:49 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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