My Investment Portfolio (January 2021)

STI started the year with a bang, breaking 3000 points. However, as the month draws to a close, it started to pull back as we entered another season of corporate earnings reporting. Also, the emergence of new Covid-19 virus strains around the world cap its gains. It closes barely above 2900 points at the end of the month.

For my top 30 holdings, iFAST maintained its top position after another good run this month due to various upgrades from analysts ahead of its full year result. Isetan was another star performer in the list as the company announced that it is exploring options with regards to its investment property at Wisma Atria. GK Goh was also in the news after it said it is exploring strategic options in relation to its stake in Boardroom. UOL was the main laggard in the list for the month, in line with STI weakness.

I have bought the following companies from the market this month - AF Global, Asia Enterprises, Bund Center, Chuan Hup, First Sponsor, Frasers Property, Heeton, Hong Leong Finance, Hongkong Land, Hotel Royal, Hotung, Isetan, Khong Guan, Koh Brothers, LHT, Lion AsiaPac, Mandarin Oriental, Metro, NSL, OUE, PEC, Shangri-La Asia, SIA, Sin Ghee Huat, Yanlord, Yeo Hiap Seng and Yoma. I have also reduced my position in 2NDCHANCEW230307.

I have accepted the following voluntary delisting/cash offers this month - Hi-P and Sunvic Chemical. I have also participated in the following rights issues - ARA LOGOS Logistics Trust and Lippo Malls Indonesia Retail Trust.

It had been a volatile month for stock markets around the world. As we are now in the earnings reporting season for most companies listed on SGX, I expect more volatility going forward due to reaction to those results. As such, I will continue to position my portfolio defensively. Many companies are expected to announce lower dividend payout and some might just choose to drop it altogether. However, I do expect more M&A actions via voluntary delisting/cash offers as a number of companies are trading at decent levels due to Covid-19 fallouts. Therefore, I do expect my cash flow to remain stable as the dividend shortfall can be compensated by cash proceeds from M&A buyout offers. My strategy is still to continue to re-invest those cash flow back into the markets consistently every month.

Wishing all my Chinese readers out there a happy and safe Chinese New Year.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 January 2021)

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

2. GK Goh

3. PM Data

4. Hong Leong Finance

5. A-REIT

6. Hong Fok

7. Isetan

8. Sing Investment & Finance

9. Hotel Properties

10. Hotel Grand Central

11. Haw Par

12. Far East Orchard

13. Bonvests

14. Metro Holdings

15. Singapura Finance

16. CapitaLand Integrated Commercial Trust

17. Stamford Land

18. Frencken

19. Bukit Sembawang Estates

20. VICOM

21. SGX

22. EnGro

23. Jardine C&C

24. UOL

25. Hotel Royal

26. Tat Seng

27. Hiap Hoe

28. LHT

29. Venture

30. UIC

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. Memory Devices
6. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
7. FM Holdings
8. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
9. FerroChina - Under Liquidation
10. FirstLink Investments
11. NEL Group
12. Jets Technics
13. Guangzhao Industrial Forest - In liquidation - Compulsory winding u p (Insolvency)
14. Hongwei Technologies Limited (In Provisional Liquidation)
15. FDS Networks Group
16. Aussino Group - In Liquidation - Creditors' voluntary winding up
17. China Oilfield Technology
18. China Milk Products Group - Under Liquidation
19. Pacific Healthcare
20. Eratat Lifestyle - In Liquidation
21. Fung Choi Media - In Liquidation
22. K1 Ventures - In Liquidation
23. DMX Technologies - In Liquidation
24. Europtronic Group
25. China Sun Bio-chem Technology
26. Attilan Group
27. Winas - In Liquidation

28. Transcorp