Monday, December 31, 2018

My Investment Portfolio (December 2018)

STI ended the year at around 3068 points, down 10% for the year. It had been a bad year for most investors, with volatility the name of the game. The year started well but ended badly. There had been bad news throughout the year like trade war, interest rate hike, falling oil price, global growth slowdown etc. Taking all these into consideration, I have been positioning my portfolio defensively throughout the year.

For this month, I have attended the following AGMs/EGMs/briefing - LTC Corp, 2nd Chance and Global Investments.

For my top 30 holdings, LTC Corp is out of the list after I accepted their delisting exit offer. EnGro entered the list for the first time after I added onto the stock as part of my defensive strategy. Not much changes in the list despite a volatile month for the markets.

I have bought the following companies from the market this month - AF Global, Bonvests, Chuan Hup, EnGro, F&N, Far East Orchard, Global Investments, Hong Leong Finance, Hotel Grand Central, Hotel Properties, Koh Brothers, Lion AsiaPac, Low Keng Huat, Metro, Pacific Century, Sin Heng, Singapore Reinsurance, UIC, UOB Kay Hian and Yeo Hiap Seng. I have also closed my positions in Informatics and Sinjia Land.

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

With 2018 going to be behind us soon, I can only hope that 2019 will be a better year for all investors. I shall sign off this post wishing all my readers a Happy 2019 and may the new year yield more returns to all investors out there!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 December 2018

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

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. Streettracks STI ETF
2. CapitaLand Mall Trust
3. Keppel Corp
4. Best World

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 Unknown said...

Dear ghChua, just curious to know your performance against STI? For working people like myself, would it better off doing passive investment by buying STI ETF? Michael

4:29 PM  
Blogger ghchua said...

Hi Michael,

I didn't really track my performance against the STI closely but I think I have outperformed the index in the long term.

In the short term though, it is more volatile and hard to predict. I think most investors underperformed the STI last year (including me) because STI is heavily weighted on the 3 local banks. As you might have known, the 3 local banks did ok last year but most of the mid and small cap stocks did not do as well.

I think for working people like you, one can start off by doing monthly regular investment into an ETF like STI ETF. But you could also try to do some stock picks as a supplementary to the STI ETF and try out some of your investment strategies. Can start with a small portfolio of stocks at first and expand it as you learn and go along.

If you look at history, STI long term performance is actually not too great so there is certainly value-add in picking your own stocks.

8:56 PM  
Blogger Unknown said...


Can i check if you have m1 shares? what happens if i dont accept the offer?

Thanks in advance.

4:59 AM  
Blogger ghchua said...

Hi quek keng joo,

Yes, I do hold some M1 shares in my portfolio.

If you don't accept the offer, you will remain a shareholder of M1. Depending on the acceptance rate of the offer and also their intentions, it is still early to tell what might happen. There could also be another counter offer or they might not get the conditional 50% acceptance rate.

The offeror have also said their intention is to gain majority control of M1 and did not say anything on its listing status if the free float is less than 10% after the offer closes.

As I have said above, it is still too early in the game and let's monitor the situation and see how it goes. I will not be in a hurry to accept the offer though.

5:34 PM  
Blogger Unknown said...

oic :) thanks. Its the first offer i have received - so still quite new. Will monitor daily and see what is happening.

Thanks once again :)

4:13 AM  
Blogger Unknown said...

Hi GH Chua,

Sorry, another question which i hope you can answer. Will M1 let us know the amount of shares which Konnectivity has gathered? on a daily basis?


4:54 AM  
Blogger Jane Lao Lim said...

Hi GhChua, where can i contact you privately? Would like to connect and ask some questions. Thanks!

3:56 PM  
Blogger ghchua said...

Hi quek keng joo,

I am not sure about it. It depends on whether they wanted to do it daily, which might be a hassle. However, once they reached critical milestones like hitting the conditional 50% acceptance level or 90% acceptance level, they would have to declare it.

6:42 PM  
Blogger Unknown said...

Oic. Many thanks 😀

2:36 AM  
Blogger Sunny said...

Dear Sifu Chua

Any updated on kepple comm privatization? Thanks

5:20 PM  
Blogger ghchua said...

Hi Sunny,

No updates yet. Still waiting for the scheme meeting date and also the circular to be out.

6:45 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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