My Investment Portfolio (May 2025)

STI ended May at 3894 points, up around 1.6% for the month. Markets were mixed as investors grappled with a fresh wave of uncertainties surrounding global trade and also reduced tariffs between US and China. However, towards the end of the month, it recovered some lost ground.

For my top 30 holdings this month, Amara Holdings is out of the list after I accepted a voluntary conditional general offer from the offeror. LHT also received an offer to purchase its assets and business. Contibutors include Hotel Properties, Stamford Land and Bukit Sembawang Estates. Laggards include Bonvests, Haw Par (due to XD) and Jardine C&C. F&N returned to the list while ST Engineering is a new entry.

I have bought the following companies from the market this month - A-Sonic, ABR, Baker Tech, Banyan Group, Brook Crompton, Bund Center, Chuan Hup, Delfi, Digilife Tech, EnGro, F&N, Far East Orchard, Frasers Property, Golden Agri, GuocoLand, Heeton, Hiap Hoe, HL Global, Ho Bee Land, Hong Fok, Hotel Royal, Hotung, Indofood Agri, Innotek, Karin, Keong Hong, Khong Guan, Koh Brothers, Metro, Nippecraft, OUE, OUE Healthcare, PNE Industries, Qian Hu, Riverstone, Sing Investment & Finance, Singapore Land Group, Singapura Finance, Stamford Land, Stamford Tyres, Straco, TIH, Tuan Sing, Tye Soon, Vibropower, Vicplas and Wing Tai. No sale trade was done.

I have accepted the following voluntary delisting/cash offers this month - Amara Holdings and Sinarmas Land.

I have also participated in the following scrip dividend schemes - CSE Global, Global Investments, Straits Trading, Tuan Sing, UOA, UOB Kay Hian and Yeo Hiap Seng.

Next month will be another quiet month. As usual, with the dividends received from this month, I will be investing prudently back into the markets. With many headwinds ahead despite lower volatility in the markets, my focus will still be on seeking value while limiting growth.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 May 2025)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Hotel Properties

3. Sembcorp Industries

4. Hong Leong Finance

5. Sing Investment & Finance

6. LHT

7. Hong Fok

8. Bonvests

9. The Hour Glass

10. Stamford Land

11. Singapore Land Group

12. Bukit Sembawang Estates

13. SGX

14. Multi-Chem

15. Wing Tai

16. DBS

17. SingTel

18. Hotel Grand Central

19. Far East Orchard

20. Jardine C&C

21. Yeo Hiap Seng

22. UOL

23. ST Engineering

24. SBS Transit

25. Haw Par

26. Samudera Shipping

27. PM Data

28. Tat Seng

29. CapitaLand Integrated Commercial Trust

30. F&N

Top 5 Holdings (US$ Denominated shares)

1. Mandarin Oriental
2. Hongkong Land
3. Jardine Matheson

4. TZ Da Ren Tang
5. DFI Retail Group

Top Holdings (HK$ Denominated shares)

1. Shangri-La Asia

2. Tan Chong International

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Streettracks STI ETF

2. Keppel Ltd
3. CapitaLand Integrated Commercial Trust

4. CapitaLand Ascendas REIT
5. Seatrium

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)

21. Equatoriale Holdings  

22. China Haida

23. Chaswood Resources