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Wednesday, September 30, 2020

My Investment Portfolio (September 2020)

STI closes this month down to around 2466 points. As the month draws to a close, stocks around the world gets weaker ahead of US Presidential election. 

For my top 30 holdings, PM Data regained top spot after its proposed capital reduction exercise had been approved by shareholders at the virtual EGM conducted this month. Frencken returned to the list after it was sold down last month. Otherwise, not much changes had been observed in the list.

I have bought the following companies from the market this month - AF Global, Amara, Bonvests, Bukit Sembawang Estates, City Developments, Delfi, F&N, GK Goh, Hiap Hoe, Guocoland, Hong Fok, Hotel Grand Central, Hotel Properties, Hotel Royal, HRnetgroup, Isetan, Jardine Matheson, Jardine Strategic, Karin, Khong Guan, Koh Brothers, Lion AsiaPac, Metro, NSL, OUE, PEC, Samudera, Stamford Land, Tan Chong International and Yeo Hiap Seng. I have also closed my position in BH Global.

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

I have participated in the following scrip dividend schemes - Global Investments, OCBC and UOB. I have also converted my First Sponsor Series 2 Perpetual Convertible Securities to shares.

We are now going into the last quarter of what had been a volatile year for stock markets around the world. As the Singapore stock market gets weaker, I have started to deploy some of my cash holdings slowly back into the market. However, despite most of the value stocks being sold down, there is still a lack of short term catalyst for them to move up. Growth stocks had also slowed down after its good run since the March sell down. This had been a difficult market to navigate, and I will continue to adopt a defensive stance in my portfolio positioning. My focus will still be on value stocks with emphasis on those that had been sold down badly.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 September 2020)

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

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
4. A-REIT
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 u p (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
28. Winas - In Liquidation

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7 Comments:

Blogger steven goh said...

i received the cash offered from xinhua. Which local bank Hkd cheque best offer ?

12:21 AM  
Blogger ghchua said...

Hi steven,

I am not sure about the rates that the local banks are offering. You have to check with them individually.

7:54 PM  
Blogger Unknown said...

why do u like keep buying nsl, i see their business model and segment are bleeding non stop

8:12 AM  
Blogger ghchua said...

Hi Unknown,

The prospects of their pre-cast and environment services businesses is indeed challenging. What the company has though, is a cash balance of around $270m which will allow them to continue paying dividends and tide them through this crisis.

My thesis of buying NSL has never been based on their business model or profitability. I am looking at it more as an liquidation play based on their past track record of divesting assets and returning cash back to shareholders via dividends. They have ample reserves from previous divestment to continue paying dividends if they wish to, even if they continue to be loss making while waiting for the remaining businesses to recover and fetch good value before divesting.

The stock had not been covered by any analyst lately, but I could still find an old report by Han Peng below:
https://research.sginvestors.io/2016/11/nsl-ltd-rhb-invest-2016-11-25.html

7:23 PM  
Blogger Elizabeth said...

Hi Mr Chua,
Would U have any idea regarding the dividends' cheque from K1 Venture..
ie shares bought using SRS - to-date dividends money still not in, even for those bought with cash - the cheque was withheld by the bank and I was advised to get a new cheque from the issuer..

thank you, Elizabeth

3:36 AM  
Blogger ghchua said...

Hi Elizabeth,

I have no issue banking in the dividend cheque from K1 Venture.

Maybe you could contact the liquidators with regards to the status of your dividend cheque and your SRS agent bank.

4:16 AM  
Blogger Elizabeth said...

noted with thanks
elizabeth

6:35 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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