My Investment Portfolio (June 2022)
How time files! We have already completed first half of the year. STI closed 1H2022 slightly below the start of the year at 3102 points. Market sell-off resulted in US markets entering the bear market territory due to recession fears from aggressive Fed rate hikes. Fed eventually raised rates this month as expected by 75 basis points.
For my top 30 holdings this month, iFAST was one of the major drag as investors sold off tech and growth stocks. Samudera Shipping was also another laggard, as investors expected freight rates to soften going forward. A-REIT did well though, as investors bought back interest rate sensitive stocks after US Fed announced rate hikes.
I have bought the following companies from the market this month - ABR, AF Global, AIMS Property, Amara, Asia Enterprises, Brook Crompton, Bund Center, Captii, Chuan Hup, Credit Bureau Asia, Delfi, DFI Retail Group, EnGro, F&N, First Sponsor, Frasers Property, GK Goh, Hafary, HL Global, Hong Leong Asia, Hong Leong Finance, Hongkong Land, Hotel Grand Central, Hotel Royal, Hotung, Indofood Agri, Intraco, IPC, Jardine Matheson, Kingsmen, Koh Brothers, Lion AsiaPac, Low Keng Huat, Lum Chang, Mandarin Oriental, Metro, New Toyo, Ossia, OUE Lippo Heathcare, Pan Hong, Sakae, SBS Transit, Shopper360, Sing Investment & Finance, Singapore Land Group, Singapore Shipping, Stamford Land, Stamford Tyres, Tai Sin, TC Auto, Trendlines, Wing Tai, Yanlord and YHI. No sale trade was done.
I have increased my pace of purchases this month as markets continued to move down due to fears of more higher interest rate hikes. Having said that, the pace was quite balanced and more towards value stocks. As markets continued to remain volatile, I will remain focused on value plays and defensive stocks.
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 June 2022)
Top 30 Holdings (Sing$ Denominated shares)1. The Hour Glass
2. Hongkong Land
3. Jardine Matheson
4. DFI Retail Group
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
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. DMX Technologies - In Liquidation
23. Europtronic Group
24. China Sun Bio-chem Technology
25. Attilan Group
26. Transcorp
Labels: Portfolio
posted by ghchua at 5:34 AM
6 Comments:
Hi Mr Chua,
May I have your thoughts regarding Asia Enterprises? They seem cheap but has been trading around the same levels for years now.
Thanks.
Hi Lyonnais,
With regards to Asia Enterprises, I think their zero gearing and discount to NAV provides a high margin of safety. They are also a consistent dividend payer, even during loss making years.
As for its share price, I think as in all value stocks, unless there is a major catalyst, it will remain depressed for quite sometime.
Hi ghchua,
Always so glad to know that you are still keeping your blog active year after year. Have been inactive for many years to deal with "losses" which were a different kind all this while.
My portfolio has remained the same except quite a few shareholdings had been delisted and disappeared quietly. I am not so much on investing for income now. As one gets on in age, the most important thing is to keep healthy. With the ever-bugging virus of COVID-19 transmission and the ever-going of vaccinations to keep track on, life is to keep it simple and joyful.
I believe your portfolio is strengthen for this downturn in the stock market. Your effort to trim down those weeds would have your plants bearing much fruits for you. I am really happy for you and most of all, I believe you are still much truthful with your sharing in your writings years back and now.
Hi Everlearning,
Nice to hear from you again. Indeed, I have been blogging for nearly 20 years now. But I did slow down on my posts as years gone by. Nowadays, I normally only do one post per month, so it is quite ok.
Yeah. As we grows older, we have to deal with painful losses, not only in the stock market but also other aspects of our life as well. But life has to go on. We can't be in a state of miserable feeling all the time. For me, I have to learn to get over it and focus on what is ahead. Yes, we can grieve but we must move on.
For me personally, investing is not only for income or capital gain. I has become my hobby. I think investing can be simple and joyful as well, provided you have a process in place and stick to it. Enjoy your fruits of investment while keeping the process simple.
Yes. Keeping healthy is important as one ages, both physically and mentally. For me, investing keeps my mind active. It allows me to think through stuff, make decisions and follow up actions. Staying inactive is actually not healthy. By being active in investment, it doesn't mean that I am trading day in and day out all the time. But rather, being on top of things so that you can make the best decisions for your portfolio.
Thanks for your compliments. I always believe that sharing benefits both the giver and the receiver. It has to be both ways. The giver shares and he learns from others as well from their responses. I hope that you can continue this investment journey as long as you can, and keep on sharing with us.
Hi Ghchua,
Looking at your approach, I think you probably own Hwa Hong? Do you mind sharing what’s your decision with regards to the offer? Thanks!
Steph
Hi Steph,
Yes, I am a shareholder of Hwa Hong.
I think SIAS had came out and urge shareholders to wait for further information from the board on solicitation for competing offers to maximise shareholder value before making any decision, although the offer is deemed fair and reasonable by the IFA.
https://sias.org.sg/latest-updates/press-statement-hwa-hong-shareholders-to-hold-on
There is no hurry to make a decision yet at this moment, and therefore I will still be holding onto my shares.
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