Friday, March 29, 2019

My Investment Portfolio (March 2019)

STI ended the first quarter of the year at 3212 points, almost identical as last month. Fear of recession had been the topic of the month as most stocks are trading sideways and directionless. However, yield stocks like REITs outperformed this month as investors believed that US Fed interest rate hike cycle had stopped.

For this month, I have attended the following AGMs/EGMs/briefing - Datapulse Technology, Transcorp, Mermaid Maritime and Qian Hu.

For my top 30 holdings, Hong Fok had been a top performer after they have released their FY18 full year result last month. Buybacks from the company and also purchases from the controlling shareholders had contributed to its good performance. Other stocks in the list that did well include ComfortDelgro, A-REIT and CapitaLand. Best World had been a main laggard this month due to investor concerns on their business model in China.

I have bought the following companies from the market this month - AF Global, Bonvests, Bund Center, EnGro, Far East Orchard, GK Goh, Global Testing, Heeton, Hiap Hoe, Hotel Royal, Isetan, Koh Brothers, Sembcorp Industries, UIC, UOB Kay Hian, Yeo Hiap Seng and YHI. I have also closed my position in Luzhou Bio-Chem.

I have participated in the following preferential offer/rights issue this month - Keppel Infrastructure Trust. I have also participated in the following scrip dividend schemes - CapitaLand Retail China Trust and Far East Hospitality Trust.

Next month will be the busy April AGM season, with companies having financial year ending 31 December 2018 holding their AGMs. As usual, I will be attending some of these meetings to get some updates from those selected companies.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 March 2019

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

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. Iconic Global Limited
2. Dongshan Group Ltd (formerly known as Greatronic Limited)
3. General Magnetics
4. Fastech Synergy
5. Beauty China - Under Liquidation
6. Memory Devices
7. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
8. FM Holdings
9. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
10. FerroChina - Under Liquidation
11. FirstLink Investments
12. NEL Group
13. Jets Technics
14. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
15. Hongwei Technologies Limited (In Provisional Liquidation)
16. FDS Networks Group
17. Aussino Group - In Liquidation - Creditors' voluntary winding up
18. China Oilfield Technology
19. China Milk Products Group - Under Liquidation
20. Pacific Healthcare
21. Eratat Lifestyle - In Liquidation
22. Fung Choi Media - In Liquidation
23. K1 Ventures - In Liquidation
24. Jaya Holdings - In Liquidation
25. DMX Technologies - In Liquidation
26. Europtronic Group

My Unit Trust Portfolio:



Blogger Sunny said...

Shifu Chua

Not sure Y Kepple is raising money?

5:46 AM  
Blogger ghchua said...

Hi Sunny,

I don't think they are raising money. Any link to the announcement?

2:02 AM  
Blogger Sunny said...

Hi, Shifu Chua

I refer to the notes that Kepple issued. Understand Kepple marine increase stuff No for the 1st time after so many years. Not sure any update of Kepple T & T as well


DBS gives Buy call on Sembcorp, what is your take on that call?


6:22 PM  
Blogger ghchua said...

Hi Sunny,

Thanks for the link. Likely that they are trying to position for recovery in the O&G industry ahead.

You should have received your Keppel T&T scheme proceeds already. Do check your bank account.

As for Sembcorp Industries, yes, it is currently undervalued at the moment. But a lot will depend on whether O&G sector can recover and also whether they can unlock value in their utilities division going forward. Dividend payout is still very low at this moment, which explains why the share had been underperforming for the past two years.

9:03 PM  
Blogger Sunny said...

Shifu Chua

Yah, I checked and received the proceeds of Kep T & T

Thanks for sharing your take on Sembcorp

Thanks for this type of kind sharing and i am definitely benefiting from that

7:37 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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