Tuesday, March 31, 2020

My Investment Portfolio (March 2020)

Covid-19 and oil price. These are two main factors contributing to market performance this month. STI closes this month at around 2481 points, down a massive 17.9% from last month. The sell-off was steep and furious in some days, though rate cuts and massive stimulus efforts by governments across the world managed to help STI to reduce some of its losses towards the end of the month.

For my top 30 holdings, SGX had been an outperformer as market volatility is expected to increase trading volume. Bonvests has also been in the news as they have withdrawn their final dividend declared in order to cut costs. LHT is back in the list as it outperformed the other stocks after purchases by a director.

I have bought the following companies from the market this month - Amara, Asia Enterprises, Bonvests, Bukit Sembawang Estates, Chuan Hup, Dairy Farm, Delfi, F&N, Far East Orchard, Frasers Property, GK Goh, Guocoland, Hong Fok, Hong Leong Finance, Hotel Grand Central, Hotel Properties, HRnetgroup, Intraco, Jardine C&C, Jardine Strategic, Koh Brothers, Metro, NSL, Pacific Century, Sembcorp Industries, Sing Investment & Finance, Singapura Finance, Stamford Land, Straits Trading, UIC, Wing Tai and Yeo Hiap Seng. No sale trade was done.

I have participated in the following scrip dividend scheme - AA Reit. I have also accepted the following voluntary delisting/cash offer this month - Breadtalk.

This has clearly been the most difficult period for me since I have turned to full-time investing 8.5 years ago. With most companies having financial year ending 31 December 2019 changing their scheduled AGM dates mostly in April to a later date due to Covid-19, they are expected to push back their dividend payment dates too. This is expected to affect my cash flow planning to deploy those dividends back into the markets. The most likely consequence is that I have to slow down my purchases in the markets significantly for the next few months in order not to use up all my reserves before those dividends had been paid out. The alternative, of course, is to sell some stocks now in order to build up a war chest in order to deploy them into the markets later. However, as I do not know whether the markets will move up or down in the near future, I do not think selling now and buying back stocks later is a wise move. In fact, one will be incurring more transaction charges.

I will continue to maintain zero gearing for my portfolio. Which means, no margin, no borrowing, no contra etc as I continue to navigate these difficult market conditions. Hope that all of you out there stay safe and healthy. Tough times won't last forever so stay invested.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 March 2020)

Top 30 Holdings (Sing$ Denominated shares)
2. Hong Leong Finance
3. Haw Par
4. GK Goh
5. PM Data
6. Hong Fok
7. Far East Orchard
8. Hotel Properties
9. Hotel Grand Central
10. Bonvests
11. Sing Investment & Finance
12. SGX
13. Hiap Hoe
14. Singapura Finance
15. Hotel Royal
16. UOL
17. Jardine C&C
18. Metro Holdings
19. Bukit Sembawang Estates
20. Stamford Land
22. Isetan
23. EnGro
24. Yeo Hiap Seng
25. UIC
26. Amara
27. LHT
28. CapitaLand
29. Venture
30. Spindex

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

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

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
5. SBS Transit

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation
2. Alpha Professional Holdings Ltd (formerly known as 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. DMX Technologies - In Liquidation
25. Europtronic Group
26. China Sun Bio-chem Technology
27. Attilan Group



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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