My Investment Portfolio (September 2024)
STI ended 3rd quarter of the year at around 3585 points, up around 4% as compared to last month. STI reached a 17 year high level this month as optimism came back into the markets on key export numbers and efforts to revive the local market. Also, investors cheered US Fed jumbo rate cut and China stimulus measures to revive the economy.
For my top 30 holdings this month, Isetan was out of the list after the stock had been acquired via Scheme of Arrangement. Metro Holdings returned to the list as investors accumulated China related stocks. Other main contributors include Hong Fok, Sembcorp Industries, Wing Tai, F&N, DBS and Bukit Sembawang Estates. Detractors include PM Data and Multi-Chem.
I have bought the following companies from the market this month - ABR, AP Oil, BBR, Bonvests, Brook Crompton, Bund Center, Chemical Industries, Chuan Hup, City Developments, Credit Bureau Asia, Delfi, EnGro, Far East Orchard, Hiap Hoe, Ho Bee Land, Hong Leong Finance, Hor Kew, Hotel Grand Central, Hotung, Indofood Agri, IPC Corp, Jardine Matheson, Kencana Agri, Kingsmen, KSH, Lion AsiaPac, Lum Chang, Nam Lee, New Toyo, OUE Healthcare, PNE Industries, SBS Transit, Shangri-La Asia, Singapore Land Group, Singapore Shipping, Singapura Finance, Tuan Sing, Tye Soon and Yeo Hiap Seng. I have also reduced my stake in Beng Kuang (warrants), First Sponsor (warrants) and Jadason.
My stakes in Isetan and Best World had also been acquired via Scheme of Arrangement and selective capital reduction respectively.
I have participated in the following preferential offer/rights issue - CapitaLand Integrated Commercial Trust.
I have also participated in the following scrip dividend schemes - Global Investments and Jardine Matheson.
Next month, companies with financial year ending 30 June 2024 will be holding their AGMs. As markets had advanced quite a bit this month, I will continue to invest but at a more slower pace. As usual, I will be more conservative in terms of portfolio positioning and will also be holding more cash.
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 September 2024)
Top 30 Holdings (Sing$ Denominated shares)2. Hongkong Land
3. Jardine Matheson
5. DFI Retail Group
Top Holdings (HK$ Denominated shares)
1. AV Jennings
1. Streettracks STI ETF
3. CapitaLand Integrated Commercial Trust
5. PM Data
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 6:40 PM
4 Comments:
Mr chua
Can share your current thoughts on haw par. Do u own it as part of ur value play? Thx
Hi mitchell,
Yes. I do own Haw Par in my portfolio. In fact, if you track back my previous posts, it was in my top 30 holdings a few months ago and in 2023. However, recent share price underperformance had resulted in it dropping out of the list.
I think for Haw Par, the sum of parts is higher than its share price. Their healthcare business is decent, and their portfolio of strategic investments (mostly in UOB and UOL) is giving them a good yield. The problem is that the discount is always there as the market did not appreciate the value of the stock. I guess efforts to unlock value in the company must be made in order for the stock to be re-rated nearer to its RNAV.
In the meantime, what we can do is just to wait and see.
Hi Ghchua,
How does one know that he/she (single) is ready to quit full-time employment by 45 from the financial perspective?
WTK
Hi WTK,
I think it depends on individuals and what they are going to do during retirement. Some might need a lot of expenses every month, some may not. If one is not sure, then maybe he/she should just do some part-time work first and see whether they can sustain their finances before quitting and retire.
Also, if your expenses is much lower than the return from your investments every year, it might be a good indication that you are ready to quit your full-time employment.
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