My Investment Portfolio (May 2021)

STI ended this month at around 3164 points, down more than 1% as compared to last month. Singapore had tightened its Covid-19 measures this month in view of raising community cases, resulting in higher volatility of STI. Initially, stocks were sold down but STI stayed above 3000 points despite fears of another round of circuit breaker restrictions to close the month strongly.

For my top 30 holdings, iFAST continued its good run after releasing a set of decent 1Q21 results and also attracted various brokerage houses target price upgrades after inclusion in MSCI Singapore Index. Frencken was among the major movers as investors cheered their 1Q21 business update due to increase in revenue for semiconductor segment. Metro Holdings and Bukit Sembawang Estates also did well after announcing their full year result, coupled with an increased dividend payouts. The Hour Glass returned to the list after announcing a much higher final dividend payout along with better full-year result. The two Reits in the list though, were laggards.

I have bought the following companies from the market this month -  AF Global, Amara, Asia Enterprises, Bonvests, Brook Crompton, Bund Center, Captii, Chuan Hup, Dairy Farm, Delfi, F&N, Frasers Property, GK Goh, Global Testing, Great Eastern, GuocoLand, Heeton, Hong Leong Finance, Hongkong Land, Hotel Royal, IFS Capital, IPC, Kingsmen, Koh Brothers, KSH, LHT, Metro, Nam Lee, NSL, Ossia, OUE Lippo Healthcare, Overseas Education, PEC, SBS Transit, Singapore Shipping, SingTel, Wing Tai and Yeo Hiap Seng. No sale trade was done. 

I have accepted the following voluntary delisting/cash offer this month - Top Global.

I have also participated in the following scrip dividend schemes - China International, DBS, Global Investments, OCBC, Tuan Sing, UOB, UOB Kay Hian and Yeo Hiap Seng.

Armed with dividend payouts from various stocks this month, I have increased the pace of my purchases from the market during the first half of the month. However, as Covid-19 cases seemed to be stable in Singapore towards the end of the month, I have slowed down my purchases. Some value could still be found in the market, but prices are no longer that attractive. Going forward, I will remain cautious and continue to hunt for value stocks, while keeping some cash in hand in case market presents opportunities for bargain hunting again. For growth stocks, inflation fears will meant that valuation might be elevated. I remain underweight on them.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 May 2021)

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

2. GK Goh

3. Hong Fok

4. Hong Leong Finance

5. Haw Par

6. PM Data

7. Sing Investment & Finance

8. Metro Holdings

9. Frencken

10. Hotel Properties

11. EnGro

12. Bonvests

13. Stamford Land

14. Bukit Sembawang Estates

15. Hotel Grand Central

16. A-REIT

17. The Hour Glass

18. Far East Orchard

19. Isetan

20. Tat Seng

21. Yeo Hiap Seng

22. Singapura Finance

23. Hotel Royal

24. Singapore Land Group (formerly known as UIC)

25. CapitaLand Integrated Commercial Trust

26. SGX

27. Hiap Hoe

28. Jardine C&C

29. LHT

30. UOL

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

5. Tianjin Zhongxin Pharmaceutical

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 up (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