My Investment Portfolio (October 2021)

STI ended this month at just below 3200 points with lower volatility as compared to previous month. Singapore extended its Stabilisation Phase of transition to living with Covid-19 for another month. Meanwhile, raising oil and energy prices had market participants concerned on raising inflation. Overall, it had been a good month for markets in general.

For my top 30 holdings, iFAST was sold down despite reporting improving 3Q result and increasing AUA. The Hour Glass continued its good run after Singapore opened up its VTLs (Vaccinated Travel Lanes) to more countries. Jardine C&C returned to the list after its share price recovered due to raising commodities prices, which might benefit its subsidiary Astra International. Straits Trading also make a return, benefiting from higher tin prices from its stake in MSC. Hotel Properties was in the news too, after being involved in the consortium that made a rival offer to acquire SPH. SGX dropped out of the list though, after weak relative share price performance.

I have bought the following companies from the market this month - A-Sonic(warrants), ABR, AIMS Property, Amara, AP Oil, Asia Enterprises, Bonvests, Bund Center, Chemical Industries, City Developments, Credit Bureau Asia, Delfi, EnGro, F&N, First Sponsor, GK Goh, Great Eastern, GuocoLand, Hafary, Hiap Hoe, HL Global, Hong Fok, Hongkong Land, Hotel Grand Central, Hotung, Intraco, Keppel Corp, Khong Guan, Koh Brothers, Metro, Ossia, Overseas Education, Pan Hong, shopper360, Sing Holdings, Sing Investment & Finance, SingTel, Singapura Finance, Straits Trading, UOL, Venture, Yanlord and Yeo Hiap Seng. I have also reduced my stake in CFM, Courage Investment and Pavillon.

We are now going into the last two months of the year. With markets recovering some ground this month and going towards the end of the year, I do not expect any major movements. As such, I will continue to position my portfolio defensively, with focus on value stocks. For blue chip stocks, most of them have recovered from their lows and therefore I will be very selective in adding more position into them. I will also continue to avoid most high yield plays, in anticipation of higher interest rate environment as US Fed starts its tapering programme.

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

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

2. The Hour Glass

3. GK Goh

4. Frencken

5. Hong Fok

6. Stamford Land

7. PM Data

8. Hong Leong Finance

9. Sing Investment & Finance

10. Hotel Properties

11. Metro Holdings

12. Hotel Grand Central

13. Bonvests

14. Bukit Sembawang Estates
15. Haw Par

16. A-REIT

17. Far East Orchard

18. Yeo Hiap Seng

19. EnGro

20. Isetan

21. CapitaLand Integrated Commercial Trust

22. Singapura Finance

23. Straits Trading

24. Jardine C&C

25. Tat Seng

26. Hiap Hoe

27. Hotel Royal

28. LHT

29. Singapore Land Group

30. Amara

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. Transcorp

My Unit Trust Asset Allocation

Dear all,

Some readers had asked me about my unit trust portfolio. Previously, I had displayed my unit trust portfolio at FSM platform but they have since removed the feature on their site. Therefore, I no longer disclose my unit trust portfolio to readers. For unit trusts, fund selection is actually secondary. The most important part is still asset allocation. Therefore, I will instead disclose my asset allocation for my unit trust portfolio only. If readers are interested on those funds behind the allocation, we can discuss further in the comments section of this blog post.

Since unit trusts are supposed to be longer term investments, I don't think I will disclose my asset allocation monthly. Maybe once a year will be enough.

Do take note that my unit trust portfolio is constructed using CPF funds only, therefore for some funds which are not included for CPF investments, I might not be so familiar as I did not look into them. Also, do note that some funds in my CPF investments portfolio are no longer included for CPF investments as they had been removed from the list. But I still hold them in my portfolio currently. So here it goes:

Asset Class

Equity 84.72%

Balanced 12.89%

Short Duration Bond 1.2%

Fixed Income 1.2%

Geographic

Asia Pacific Excluding Japan 18.77%

Global 16.13%

Emerging Markets 15.66%

Japan 11.14%

US 7.46%

Singapore 6.58%

Asia excluding Japan 6.04%

Taiwan 3.47%

Europe including UK 3.16%

Thailand 3.15%

Indonesia 2.85%

India 2.12%

Korea 1.75%

Malaysia 1.71%

Welcome any comments (if any) on my unit trust asset allocation.