Friday, November 30, 2018

My Investment Portfolio (November 2018)

STI regained some of its lost ground and closed November 2018 at around 3117 points, slightly up from last month. Investors still wary over trade tensions between US and China while volatile oil price movements also contributed to the market's cautious mood. However, markets had been more stable this month as compared to October as Dovish US Fed comments seem to suggest that interest rate tightening cycle is coming to an end.

For this month, I have attended the following AGMs/EGMs/briefing - Delfi, LTC Corp and Khong Guan.

For my top 30 holdings, Best World was my top holding for the first time as the stock continued to do well this month after releasing its 3Q18 results. Venture dropped out of the list after tech stocks underperformed this month. Amara and Yeo Hiap Seng were new entries to the list after I continued to add onto my holdings in these two stocks this month.

I have bought the following companies from the market this month - AF Global, Amara, Asia Enterprises, Bund Center, EnGro, Far East Orchard, Hong Fok, Hong Leong Finance, Hotel Properties, Mandarin Oriental, Pacific Century, Samudera, SIA Engineering, Singapura Finance, Sing Investment & Finance, UIC, UOB Kay Hian and Yeo Hiap Seng. No sale trade was done.

I have accepted the following voluntary delisting/cash offer this month - Cityneon.

I have also participated in the following scrip dividend schemes - AA Reit, Frasers Commercial Trust, Oxley and UOA.

Next month will be the last one for this year. How time files! We are reaching the end of what had been a very volatile year for stock markets across the world. It is a good time to do some review and reflections on my portfolio for the year and think through how to tackle the markets for the upcoming year ahead.

I take this opportunity to wish all my readers - Happy Holidays!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 November 2018

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

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

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

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaLand Mall Trust
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation
2. Z-Obee Holdings Ltd

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
22. Eratat Lifestyle - In Liquidation
23. Fung Choi Media - In Liquidation
24. K1 Ventures - In Liquidation
25. Jaya Holdings - In Liquidation
26. DMX Technologies - In Liquidation
27. Europtronic Group

My Unit Trust Portfolio:



Blogger Ben said...

Hi Ghchua,

It has been indeed a volatile year. I wish you a happy holiday.


8:06 PM  
Blogger ghchua said...

Hi Ben,

Yes, indeed it had been a tough year for investors. But volatility also comes with opportunities. Hope that you have follow through your investments despite markets being more volatile this year.

8:21 PM  
Blogger Ben said...

Hi Ghchua,

I adopt the dividend growth investment. I invest the fund into the designated counters on a monthly basis. The investment per counter is around $10K. This is a diversified investment portfolio in which the risk is spreaded amongst many baskets.

Given that I no longer hold a full-time employment since Oct 2018, I have to depend solely on the generated dividend to sustain the monthly expenses. So far, it has been a smooth-sailing journey for me. However, I maintain a prudent approach as it has yet to withstand the pressure of economic downturn.

I do not rule out side hustles (solely on the things which I am interested in) to generate some part-time income. Howeverm, I will only embark on such side-hustle because I want and not because I have. I do not pin on such income for the monthly expenses.

Only time will tell whether the above approach will last for the rest of my journey.


11:37 PM  
Blogger Clement Ong said...

Hi ghchua,

Could you share if there were any interesting points raised at the LTC Egm?


12:33 AM  
Blogger ghchua said...

Hi Ben,

Sounds good to me. All the best to your life after full-time employment! :)

1:56 AM  
Blogger ghchua said...

Hi Clement,

I think most of the stuff that had been raised were reported in the media. Most shareholders would have known that the offer undervalues the company but IFA said that it is fair and reasonable.

Let's see what minorities can do in the reconvened EGM.

1:59 AM  
Blogger Ben said...

Hi Ghchua,

Thanks for your well-wishes. I wish you all the best in your continued journey after your full-time employment. If I can recall correctly, it has been seven years since you quitted the rat race. You are a veteran on this aspect. I still have a lot to learn from you.

Do keep in touch.


6:40 AM  
Blogger ghchua said...

Hi Ben,

Indeed, it had been more than 7 years since I first embarked on this full-time investment journey.

This year had been the toughest for me since I started doing this full-time. However, having gone through a few crisis when I was doing this part-time, I guess I am more prepared for it. Having said that, there is still a difference as I was drawing a salary last time but this time round, I have only my own investment portfolio to fall back on.

Therefore, I have positioned my portfolio more defensively this time round, with focus on deep value stocks. Granted, I might not be able to outperform the market when it recovers due to my more defensive picks, but I think protecting my capital is more important now than looking for more capital gains. Hopefully, my strategy will work out well as I continued to navigate these volatile times.

3:49 AM  
Blogger George Chen said...

Hi ghchua,

do you know why which SGX listed stock gives the most frequent dividend? i am not saying largest dividend yield, but i mean the most number of times in a year. Example: say 6 times a year?


8:27 PM  
Blogger ghchua said...

Hi George,

I don't remember a SGX listed stock that could give you dividend as often as 6 times a year, but there are some like SGX itself, iFAST, Silverlake, UMS, Fu Yu, SingPost, StarHub etc that gives out dividend around 4 times a year. A majority of REITs and business trusts also gave out distribution around 4 times a year.

Ultimately, I don't think it is the frequency of dividend payout that counts. But rather, how much they are paying out in total for the whole financial year.

7:51 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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