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. 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)
3. CapitaLand Integrated Commercial Trust
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
Labels: Portfolio
posted by ghchua at 3:04 AM
12 Comments:
May I know whether you have attended any AGMs/ EGMs or briefings this month? CSE Global dialogue session is well organised.
Hi weii,
Nope. I didn't attend any of them this month. If I had attended, I would have disclosed it in the monthly investment portfolio post.
Hi GH, mind sharing your thoughts on Kingsmen?
Hi Janeo,
For Kingsmen, I guess its a play on the reopening theme after Covid-19 restrictions had been eased. With more events returning, hopefully they can secure more contracts and manage their costs more prudently in order to be profitable again. Stock is trading at around 50% discount from its reported NAV.
Hi GH Chua,
May I know which Unit Trust do you hold? What is your opinion on
Alliance GIF Income and Growth Aim H2-Sgd fund? Thank you!
Faith
Hi faith,
I do hold a number of unit trusts. The list is too long to re-produce all of them here. I have previously displayed it on FSM website publicly but they have since taken it down. Having said that, my view with regards to unit trust investments is always to have an asset allocation in place first, before deciding on which funds to allocate to each asset class. Therefore, I think looking at the unit trusts that I hold is not useful unless you have an asset allocation in place first.
With regard to Alliance GIF Income and Growth Aim H2-Sgd fund, I don't have an opinion as I don't hold this fund. Maybe you could tell me why you are interested in it? Does it fit into your asset allocation plan?
Hi Gh Chua,
Thank you for sharing your thoughts.
Faith
Hi Mr Chua, may i have your view on Chip Eng Seng mandatory offer. Thanks.
Hi Unknown,
I guess we can wait for the IFA report before deciding. Given that there is no completing offer other than the one on the table at this moment, I guess it is a fair but not so compelling offer. I believe given time, Chip Eng Seng will do better than what it delivers currently.
Hi Mr Chua,
Thank you for sharing your view.
Hi GH, grats on ur Baker Tech position. Any thoughts on the recent heavy insider + substantial shareholder buying?
Hi Janeo,
I am not sure why insiders had been buying their shares. There are many reasons for that. But they have delivered a strong set of half year results as compared to previous two pandemic years.
I guess the attractiveness of Baker Tech can be seen from their net cash position and low gearing. Company had been conservatively managed, which serves them well during the downturn. My only concern is on CH Offshore, and I hope that they can finally turn it around this FY.
Despite recent run-up, stock is still trading at around 0.65x book value.
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