My Investment Portfolio (January 2024)
STI started the year on a limp note at 3153 points, down around 3% for the month. Volatility also increased a bit this month, highlighting investors' lower confidence on the local market. New conflicts like rebel movement in Yemen on Red Sea shipping has escalated tensions in Middle East. Meanwhile, China continued to disappoint as full-year exports fell for the first time in 7 years. Investors also expected lesser rate cuts from US Fed this year as Treasury yields rose.
For my top 30 holdings this month, Amara Holdings remained in the list as I did not accept the takeover offer after it closes. Samudera Shipping returned to the list after outperforming due to expectation of rate hikes, contributed by conflicts in Middle East. Sembcorp Industries and PM Data also contributed to returns. However, The Hour Glass and Jardine C&C were the biggest detractors in the list. The two REITs in the list also underperformed, as investors expected later and lesser rate cuts this year.
I have bought the following companies from the market this month - Alliance HC, AP Oil, AV Jennings, Baker Tech, Bonvests, Bukit Sembawang Estates, Bund Center, Chemical Industries, Chuan Hup, Credit Bureau Asia, EnGro, Hiap Hoe, Hock Lian Seng, Hotel Properties, Hotel Royal, Huationg Global, IFS Capital, IPC Corp, Koda, Koh Brothers, KSH, Low Keng Huat, Lum Chang, Mandarin Oriental, Metro, Ossia, Secura, Shopper360, Sinarmas Land, Singapura Finance, Sing Investment & Finance, Sing Holdings, Singapore Land Group, Straits Trading, Tai Sin, Tuan Sing, Tye Soon, Wing Tai and Yeo Hiap Seng. No sale trade was done.
Next month, most companies with financial year ending 31 December 2023 will be announcing their full-year results. As usual, I will go through some of those result announcements. I will continue to execute my plan to bring in more undervalued stocks to lower my overall portfolio valuation. Efforts will be made to identify more of these stocks.
With Chinese New Year coming soon, I take this opportunity to wish all my readers out there Gong Xi Fa Cai and the best of health for the Year of the Dragon!
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 January 2024)
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. FerroChina - Under Liquidation
9. FirstLink Investments
10. NEL Group
11. Jets Technics
12. Hongwei Technologies Limited (In Provisional Liquidation)
13. FDS Networks Group
14. China Oilfield Technology
15. China Milk Products Group - Under Liquidation
16. Pacific Healthcare
17. Fung Choi Media - In Liquidation
18. Europtronic Group - In liquidation - Compulsory winding up (Insolvency)
19. Attilan Group
20. Transcorp - In liquidation - Compulsory winding up (Insolvency)
Labels: Portfolio
posted by ghchua at 6:41 PM
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