My Investment Portfolio (December 2020)

STI ends the year at above 2800 points, down slightly more than 10% for the year. For this month, some of the issues include emergence of a new strain of Covid-19 and stalemate on new stimulus package from US Congress. However, investors are still quite positive and eager to participate in what seems to be a post pandemic recovery rally.

For my top 30 holdings, Frencken continued its good run this month after receiving upgrades in target price from various research houses. Unfortunately, two of my holdings in the list, namely iFAST and Singapura Finance participated but both failed to secure the digital bank license in Singapore. However, iFAST still ended the year as the top holding in my portfolio for Sing$ Denominated shares.

I have bought the following companies from the market this month - AF Global, Bonvests, Bukit Sembawang Estates, Dairy Farm, EnGro, First Sponsor, Frasers Property, GK Goh, Global Testing, Hiap Hoe, Hotel Properties, Hotung, IHH, IPC Corp, Isetan, Kingsmen, Koh Brothers, Mandarin Oriental, Metro, NSL, OUE, Pacific Century, PEC, Stamford Land, Tan Chong International, UIC and Yeo Hiap Seng. I have also closed my position in CSC W201229.

I have participated in the following preferential offer - CapitaLand Retail China Trust.

It had been a difficult year for most investors out there due to Covid-19, especially for those who invest only in the Singapore market. Personally, my overweight positions in value stocks had affected the performance of the portfolio. Most of them had still yet to recover fully from the crash in March early this year. Also, with no leverage employed and the portfolio being almost fully invested, it did not benefit much from the extreme volatility in the markets during the year. Having said that, I am glad that the portfolio had not suffered big losses this year due to consistent re-investment of dividends and takeover proceeds back into the market.

Going into 2021, I will still be positioning my portfolio defensively. The recovery from this pandemic is expected to be uneven, and the road ahead will still be tough. Capital preservation will continue to be my key strategy as my main interest will still be on value stocks. However, I will also be opportunistic and introduce some growth stocks into my portfolio if their valuation is decent. My focus will still be only on the Singapore market as that is what I am comfortable with, especially in the mid and small cap segments of the market. For overseas market exposure, I will still be using unit trusts.

Next year will be the 10th year since I transformed from a full-time employee to a full-time investor. I certainly hope that it will be a much better year than 2020. I have managed to reduce quite a number of stocks in my portfolio this year and I will continue to do so going forward.

Wishing all my readers a Happy 2021. Do remember to continue to stay safe and keep well.

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

Top 30 Holdings (Sing$ Denominated shares)
1. iFAST

2. Hong Fok

3. Hong Leong Finance

4. PM Data

5. A-REIT

6. Sing Investment & Finance

7. Hotel Grand Central

8. Hotel Properties

9. Far East Orchard

10. GK Goh

11. Haw Par

12. Bonvests

13. CapitaLand Integrated Commercial Trust

14. Singapura Finance

15. Metro Holdings

16. UOL

17. Bukit Sembawang Estates

18. Stamford Land

19. VICOM

20. Frencken

21. EnGro

22. SGX

23. Hotel Royal

24. Hiap Hoe

25. UIC

26. Jardine C&C

27. Venture

28. Tat Seng

29. Isetan

30. Yeo Hiap Seng

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 Integrated Commercial Trust

3. A-REIT
4. Keppel Corp
5. Challenger

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