My Investment Portfolio (November 2022)

STI ended November 2022 at 3290 points, advancing around 6% as compared to last month. Markets had turned positive this month mainly because of softer than expected US CPI numbers, which might allow Fed to slower their rate hikes. Resurgence of Covid-19 cases and demonstrations in China plus worries about a recession though, capped the market upside.

For my top 30 holdings this month, iFAST returned to the top of the list after a decent performance this month. Other main movers include Samudera Shipping and Global Testing. The two REITs in the list also did well. Haw Par, however dropped out of the list due to weaker relative performance as compared to other stocks in the list.

I have bought the following companies from the market this month - Amara, AP Oil, Bonvests, Credit Bureau Asia, Frasers Property, Global Investments, Heeton, Hongkong Land, Hotel Grand Central, Hotung, IPC, Jardine Matheson, Khong Guan, Kingsmen, Koh Brothers, LHT, Lum Chang, Mandarin Oriental, Metro, NSL, Ossia, Sakae, SBS Transit, Singapore Land Group, Singapura Finance, Stamford Land, TC Auto, TIH, Tuan Sing, Versalink, Wing Tai and Yeo Hiap Seng. I have also closed my position in Datapulse warrants.

I have participated in the following preferential offer/rights issues - Datapulse and Hotel Royal.

With markets going up this month, I have slowed down my purchases. As there is only one month left to go for the year, not much activities will be expected. Also, holiday season will be coming soon and many are closing their books early. This coupled with the ongoing soccer World Cup meant that markets are likely to be more quiet. Accordingly, I will also be slowing down my activities in the market in December, but will keep a lookout for opportunities in order to attempt to end this challenging year on a positive note.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 November 2022)

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

2. The Hour Glass 

3. Hong Fok

4. GK Goh

5. Hong Leong Finance

6. Bonvests

7. Jardine C&C

8. Sing Investment & Finance

9. Samudera Shipping

10. Hotel Properties

11. Hotel Grand Central

12. PM Data

13. Global Testing

14. Metro Holdings

15. Hiap Hoe

16. Far East Orchard

17. Stamford Land

18. Wing Tai

19. CapitaLand Ascendas REIT

20. LHT

21. Singapura Finance

22. Yeo Hiap Seng

23. CapitaLand Integrated Commercial Trust

24. Bukit Sembawang Estates

25. EnGro

26. Amara

27. Singapore Land Group

28. DBS

29. Isetan

30. Tat Seng

Top 5 Holdings (US$ Denominated shares)

1. Mandarin Oriental
2. Hongkong Land
3. Jardine Matheson
4. DFI Retail Group

5. TZ Da Ren Tang

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. Keppel Corp
3. CapitaLand Integrated Commercial Trust

4. CapitaLand Ascendas REIT
5. Best World

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

27. Koon Holdings  - Under Liquidation

28. Equatoriale Holdings

29. China Haida

My Unit Trust Asset Allocation

Dear all,

After slightly more than one year, below is another update on my unit trust asset allocation. You can refer to my previous one at the link below:

http://ghchua.blogspot.com/2021/10/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. However, I have increased my allocation in the short duration bond fund slightly, to take advantage of the increasing interest rate on the short end of the bond duration.

For geographic exposure, there had been a major drag in Asia Pacific Excluding Japan, Emerging Markets and Asia excluding Japan funds, as China and Russia are the major draw downs. Tech sell-offs had also affected tech heavy single country equity funds with exposure to Korea and Taiwan. This had been compensated by better performances in India and SEA markets like Singapore, Thailand, Indonesia and to a lesser extent Malaysia. US and Europe including UK also suffered, but to a lesser extent as compared to the major drags.

Going forward, my strategy is to continue to add onto existing funds, while attempting to maintain a more defensive positioning in terms of asset allocation.

Asset Class

Equity 84.57%

Balanced 12.68%

Short Duration Bond 1.61%

Fixed Income 1.14%

Geographic

Asia Pacific Excluding Japan 17.64%

Global 16.25%

Emerging Markets 14.46%

Japan 11.24%

US  8.04%

Singapore 7.78%

Asia excluding Japan 5.74%

Thailand 3.64%

Indonesia 3.26%

Europe including UK 3.26%

Taiwan 3.07%

India 2.29%

Malaysia 1.81%

Korea 1.54%

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