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Friday, June 30, 2017

My Investment Portfolio (June 2017)

STI closed the month at around 3226 points, with the sell-off being accelerated towards the end of the month. Markets continued to look mixed but tech stocks had been sold off more than others. Short term wise, there seems to be more downside risk rather than upside for STI.

For this month, I have attended the following AGMs/EGMs/briefings - Sakae, Transit Mixed Concrete and Imperium Crown.

For my top 30 holdings, stocks that did well include Bukit Sembawang Estates, UOL and Mandarin Oriental. Laggards include Sarine Technologies and ComfortDelgro. Isetan returned to the list as I have added onto the stock this month.

I have bought the following companies from the market this month - AF Global, ComfortDelgro, Chuan Hup, Delfi, First Sponsor, GL, Hiap Hoe, Hwa Hong, Isetan, Koh Brothers, LTC Corp, Pacific Century, Raffles Medical, Samudera Shipping, SingPost, SingTel, Singapura Finance, Stamford Land, Tan Chong International, The Hour Glass, UOI and Yeo Hiap Seng. No sell trade was done.

I have participated in the following rights issue this month - Maxi-Cash. I have also accepted the following voluntary delisting/cash offer this month - Changtian Plastic.

I have participated in the following scrip dividend schemes - Far East Orchard and Hotel Grand Central.
 
With companies with financial year ending 31 March 2017 holding their AGMs, it will be another busy month for me in July. As usual, I will seek to attend some of these meetings to get updates on those companies in my portfolio.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 June 2017)

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

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

Top Holdings (HK$ Denominated shares)
1. Shangri-La Asia 
2. Fortune REIT
3. 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. 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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16 Comments:

Blogger Arthur Wang said...

Notice you bought ComfortDelGro, any comment on its recent sell down.

12:42 AM  
Blogger ghchua said...

Hi Arthur,

The market might be concerned about competition in their local taxi business, with players like Grab and Uber disrupting. Having said that, ComfortDelGro do have a diversified business model and taxi business only make up of around a third of their revenue. Their other businesses like bus is doing ok and they are also seeking to grow their other businesses as well.

I do think that ComfortDelGro should be able to handle competition and this selldown presents a good opportunity to add onto my position.

9:00 PM  
Blogger Arthur Wang said...

Thanks for your insight.

7:19 AM  
Blogger quek keng joo said...

Hi,

Will you be buying the netlink trust ipo?

6:00 AM  
Blogger ghchua said...

Hi quek keng joo,

Nope. I won't be participating in the IPO.

9:26 AM  
Blogger Sunny said...

Shifu Chua

Understand you took Maxi- Cash rights, how do you see the prospect of this company? Do you see its revenue continue growing? Do you see its loan biz gets better when banks interest rate is getting higher? It is quite generous for dividend so far.

Thanks

9:05 PM  
Blogger Ben said...

Hi Ghchua,

May I know which brokerage firm you buy your stock through?

I note that you have been acquiring more shares every month. The incurred brokerage fee will be significant if the sum involved, is not large. It does not make economical sense to buy the shares for around $2,000 with the brokerage fee of about $30. I note that the break-even amt is about $10,000 worth of share purchase.

Your views is very much appreciated.

Thks.

Ben

10:23 PM  
Blogger ghchua said...

Hi Sunny,

Maxi-cash's loan biz is a new one which is why they need capital for growth and therefore the rights issue. I do think that their loan biz is more risky than banks as most of these are expected to be high interest but also comes with higher credit risk. Their current biz of pawnbroking and retail biz seems to have a decent growth and I think will continue to do ok going forward.

Unfortunately, as I have said before, I am not an expert in growth stocks and I would prefer to deal with value stocks. My stake in Maxi-cash was given out as dividend-in-specie from Aspial and therefore I continue to hold onto it and subscribed for its rights issue.

2:29 AM  
Blogger ghchua said...

Hi Ben,

My strategy is to diversify across stocks and therefore there will be multiple trades every month. Having said that, I tried to control on the sell side as in I try not to do many sell trades and if I need to sell, most likely I will close a position by selling all my shares in the company in one go or do a significant reduction in exposure.

For brokerage, I try to use cheaper online platforms out there. For buy trades, I am mostly using DBS Vickers cash upfront and their minimum brokerage is only $5 ($10 minimum brokerage fee plus $5 rebate). I dunno how you get the $30 brokerage. I have not been paying those kind of high brokerage costs.

2:35 AM  
Blogger Ben said...

Hi Ghchua,

I used to have DBS Vickers. They charged me almost $30 per trade. The min (base) limit is $25. It was an online trading account.

Can you share me more details of your brokerage acct? What additional acct signing is required?

Thks.

Ben

2:54 AM  
Blogger ghchua said...

Hi Ben,

It is a cash upfront account, not your normal trading account. You just need to link up your internet banking with your existing trading account.
https://www.dbs.com.sg/vickers/en/accounts/types-of-account/cash-upfront-account

5:33 AM  
Blogger Ben said...

Hi Ghchua,

Thank you for your information.

Ben

8:09 AM  
Blogger Everlearning said...

Hi ghchua,

It has never been that bad before. Not sure why this year my whole family got the flu bug one after another. Each visit to the doctor, the number of patients were far more as usual and most or maybe all had the same symptom. I was spared from having coughs but the persistent cold didn't make it easy for me because I am always feeling lethargic and listless.

May the second half of the year be better so that I could catch up with what I had already missed. Nothing beats a healthy body, mind and soul. Hope you are well.

I have not been managing my investment at all. Somehow, I don't think it really matters after all.

6:06 PM  
Blogger ghchua said...

Hi Everlearning,

Yeah. Do take care of yourself and drink more water. Remember to put on a mask when you visit the doctor as I have personally saw a lot of patients coughing and having cold in the waiting area.

Health matters more than wealth. Best wishes to you and your family.

9:43 PM  
Blogger Unknown said...

U said buy leg trade using DBS Vickers is$5. What about your sell leg trade?

8:21 AM  
Blogger ghchua said...

Hi Unknown,

Had been using Lim&Tan previously for sell trade because of their reward points which can be converted to NTUC Linkpoints or cash rebate. But with iFAST now getting their brokerage license for SGX listed stocks, I will be using them going forward as they are offering $10 minimum and 0.12%.

6:27 AM  

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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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