My Investment Portfolio (August 2025)
STI ended August at 4269 points, up more than 2% for the month. The stock market in Singapore had been tracking the half year result announcements of companies with financial year ending 31 December 2025 and reacted accordingly. Meanwhile in US, latest job numbers, interest rate outlook and trade deal with China had been closely watched.
For my top 30 holdings this month, most stocks in the list did well, tracking the broader market. Koh Brothers is a new entry and Global Testing returned to the list, replacing ST Engineering and Tat Seng respectively. Main contributors include Singapore Land Group, Hong Leong Asia, Multi-Chem and SingTel. Detractors include Sembcorp Industries, Hong Leong Finance and F&N.
I have bought the following companies from the market this month - ABR, AF Global, AP Oil, Avarga, Avi-tech, Baker Tech, Bonvests, Brook Crompton, Bund Center, Captii, Chuan Hup, EnGro, F&N, Hong Fok, Hong Leong Finance, Hotel Grand Central, Hotung, Indofood Agri, Innotek, IPC Corp, Jardine Matheson, Karin, Koh Brothers, Metro, OUE, Overseas Education, Pan Hong, PNE Industries, Singapore Shipping, Stamford Land, Straco, Straits Trading, Tuan Sing, Venture, Wing Tai, Yeo Hiap Seng and YHI. No sale trade was done.
I have participated in the following preferential offer/rights issue - The Trendlines Group.
I have also participated in the following scrip dividend schemes - Starhill Global REIT, Boustead Singapore and CSE Global.
My stake in AV Jennings had also been acquired via Scheme of Arrangement.
Next month will be a quiet month as the financial result reporting season for companies had ended. As usual, I will be focusing on my portfolio and looking at ways to seek more value in the market. With expected volatility ahead, I will continue to position my portfolio more defensively.
My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 August 2025)
1. iFAST
2. Hotel Properties
3. Singapore Land Group
4. Sing Investment & Finance
5. Hong Leong Asia
6. Hong Leong Finance
7. The Hour Glass
8. Hong Fok
9. Bonvests
10. Sembcorp Industries
11. Stamford Land
12. Wing Tai
13. LHT
14. Far East Orchard
15. SGX
16. UOL
17. Multi-Chem
18. UOB Kay Hian
19. DBS
20. Jardine C&C
21. SingTel
22. Bukit Sembawang Estates
23. Samudera Shipping
24. Koh Brothers
25. Haw Par
26. Hotel Grand Central
27. Global Testing
28. Yeo Hiap Seng
29. SBS Transit
30. F&N
Top 5 Holdings (US$ Denominated shares)
1. Mandarin Oriental
2. Hongkong Land
3. Jardine Matheson
2. Hongkong Land
3. Jardine Matheson
4. TZ Da Ren Tang
5. DFI Retail Group
5. DFI Retail Group
Top Holdings (HK$ Denominated shares)
1. Tan Chong International
2. Shangri-La Asia
Top 5 Holdings (CPF OA investment)
1. Streettracks STI ETF
1. Streettracks STI ETF
2. Keppel Ltd
3. CapitaLand Integrated Commercial Trust
3. CapitaLand Integrated Commercial Trust
4. CapitaLand Ascendas REIT
5. Seatrium
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
Labels: Portfolio
posted by ghchua at 5:40 PM
3 Comments:
Dear Mr. Chua,
Hong Leong Finance's financial performance in relation to Sing Investment & Finance over the past 10 years or so has been a great disappointment - reflected by their share price - despite its much bigger size and carrying the "Hong Leong" brand name. Their latest quarterly results are in sharp contrast.
Do you have any ideas why Hong Leong Finance have fared so poorly?
Thank you.
Hi Jamesbond007,
I won't say that Hong Leong Finance fared poorly, just that they have been inconsistent in their results. Sometimes, they can be very good, sometimes very bad. The plus point though is that they pay an interim dividend while Sing Investment & Finance don't.
The reason for the difference I think might be because of different lender base profile. Hong Leong Finance, being bigger, maybe target a different sort of lenders than say, Sing Investment & Finance. Also being bigger means that you cannot be more agile in changing rates across the board in response to interest rate environment.
Anyway, it is not so bad. Hong Leong Finance is still growing in the past 10 years as can be seen in the growth of their NAV.
Dear Mr. Chua,
Thank you for your enlightened reply.
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