My Investment Portfolio (December 2023)
STI ended the year at 3240 points, up more than 5% for the month but still down a bit overall for the whole year. Markets rallied in December as US Fed indicated that inflation had eased, paving the way for a sharper pace of rate cuts next year. As expected, rate sensitive stocks like REITs and property developers did well.
I have attended the following physical AGMs/EGMs/briefing this month - abrdn Indonesia Equity Fund.
For my top 30 holdings this month, Frencken returned to the list as investors bet on recovery in the semiconductor industry. The Hour Glass and the two REITs (i.e. CapitaLand Ascendas REIT and CapitaLand Integrated Commercial Trust) also did well. Most of the other stocks in the list also recovered a bit, in line with the general market.
I have bought the following companies from the market this month - Asia Enterprises, Baker Tech, Bonvests, Bukit Sembawang Estates, Bund Center, Captii, Chemical Industries, Chuan Hup, Credit Bureau Asia, First Sponsor, Hiap Hoe, HL Global, Ho Bee Land, Hongkong Land, Hong Leong Asia, Hor Kew, Hotel Grand Central, Hotel Royal, IFS Capital, Jardine Matheson, Koh Brothers, KSH, Lum Chang, Mandarin Oriental, Metro, Nam Lee, Overseas Education, OUE Heathcare, PEC, SHS, Singapore Land Group, Straits Trading, Tuan Sing, Wing Tai, XMH, Yanlord and Yeo Hiap Seng. No sale trade was done.
STI ended the year on a positive note but underperformed significantly as compared to US market in 2023. For those who have invested in SGX, it had been a tough and volatile year. However, with interest rate expecting to dip next year, there is an optimistic mood around the market lately as shown in the recent year end market rally. Hopefully, this will continue for our local market next year. I will remain invested and hopefully ride on any upside while protecting my downside via careful stock selection and portfolio management.
Wishing all my readers out there many more returns in 2024. Happy New Year!
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 December 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 8:17 PM
2 Comments:
Recently someone keep selling down ChuanHup ard 0.17+, is there any negative news that I missed out? Did you take the opportunity to accumulate more?
Hi Unknown,
I don't think there is a need to overreact to short term market movements, though their main exposure is in AUD dollar. Any weakness in AUD might affect their balance sheet and earnings as they report in USD.
As you might have known, USD had strengthened lately due to anticipation of lesser interest rate cut this year from US Fed. AUD had weakened against USD correspondingly.
I have accumulated some Chuan Hup shares in December last year. At this moment, I have no intention to increase my stake at current levels, though I will not rule out adding more on further weakness.
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