My Investment Portfolio (June 2023)
STI ended the first half of the year at around 3205 points, up about 1.5% as compared to last month. Markets had been on interest rate watching for most part of the month, with US Fed eventually paused interest rate hike and interest rate cut in China. After that, markets were weighing on further interest rate hike in US and whether recession could be avoided.
For my top 30 holdings this month, major movers include Hotel Properties, Sembcorp Industries and Amara. Hotel Properties was in the news after the company puts in a redevelopment proposal for its assets in Orchard Road. Meanwhile, Amara said that its key shareholders are in talks over a possible transaction. The two REITs in the list continued to be laggards, as interest rate is expected to be higher for longer. Not much changes was observed for the other stocks in the list.
I have bought the following companies from the market this month - ABR, AF Global, Bonvests, Brook Crompton, Bukit Sembawang Estates, Bund Center, Chuan Hup, City Developments, ComfortDelgro, EnGro, F&N, Far East Orchard, Frasers Property, Guocoland, Heeton, Hong Leong Asia, Hongkong Land, Hotel Grand Central, Hotel Royal, Hotung, Indofood Agri, Isetan, Karin, Khong Guan, Mandarin Oriental, Metro, MindChamps, OUE, Pan Hong, SBS Transit, Shangri-La Asia, Shopper360, Sing Investment & Finance, Singapore Land Group, Singtel, Singapura Finance, Stamford Land, Taka Jewellery, Tan Chong International, Trek 2000, Trendlines, UOL, Wing Tai, Yanlord and Yeo Hiap Seng. No sale trade was done.
I have accepted the following voluntary delisting/cash offer this month - Challenger Technologies.
I have also participated in the following preferential offer/rights issue - AIMS APAC Reit.
I have participated in the following scrip dividend scheme - Aspial Corp.
Next month, companies with financial year ending 31 March 2023 will be conducting their AGMs. As usual, I will be attending some of them to get updates. Also, it will be another low dividend paying month. As I have begin to invest some of those cash back into the market, the amount of cash drag in the portfolio is expected to be reduced. However, I will still be investing at a slower pace than usual, in view of the headwinds ahead.
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 June 2023)
Top 30 Holdings (Sing$ Denominated shares)2. Hongkong Land
3. Jardine Matheson
5. DFI Retail Group
Top Holdings (HK$ Denominated shares)
Top Holdings (Aust$ Denominated shares)
1. AV Jennings
1. Streettracks STI ETF
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. Fung Choi Media - In Liquidation
21. DMX Technologies - In Liquidation
22. Europtronic Group- In Liquidation
23. China Sun Bio-chem Technology
24. Attilan Group
25. Transcorp
Labels: Portfolio
posted by ghchua at 8:30 PM
4 Comments:
Hi GH, curious to hear ur thoughts on the investment in MindChamps.
Hi Janeo,
MindChamps is a very small holding in my portfolio that I have initiated only this year, and I am still monitoring its progress and see how it goes.
Basically, it is a cash generative business that is currently paying down their borrowings. It is trading at around 50% discount from its NAV, and I thought it was decent valuation for a small company that is still growing in Singapore and expanding into Australia and US as well.
I will also need to see whether their asset light strategy going forward is going to pay off in US.
Basically, my confidence level is not very high for this company, but it is attractive enough for me to take a small stake and learn more about it.
Hi Mr Chua,
May I ask for your views on Kimley? Do you think it provides good return for the quality of the business?
Thanks
Hi Lyonnais,
I don't have a position in Kimley and have not look into the company before. So, I would not be able to comment on the company.
But my general view is that F&B business is traditionally a tough business in Singapore. This plus raising inflation is going to increase the cost of operation for these companies.
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