My Investment Portfolio (October 2025)
STI ended October at 4428 points, up around 3% for the month. In US, focus earlier this month had been on partial US government shutdown and expectation of further interest rate cuts. Also, there had been concerns on the return of trade war between US and China which was later paused. US Fed eventually delivered on 25bps rate cut, but may hold off on further interest rate cuts this year.
For my top 30 holdings this month, most stocks in the list tracked the market and did well. GuocoLand is a new entry to the list, replacing Global Testing. Main contributors include iFAST, Stamford Land, Jardine C&C, Haw Par and SingTel. Detractors include Hong Leong Asia, Hong Fok and Bonvests. Meanwhile, for my Top 5 Holdings (US$ Denominated shares), Jardine Matheson offered to buy out Mandarin Oriental via Scheme of Arrangement.
2. Hongkong Land
3. Jardine Matheson
5. DFI Retail Group
Top Holdings (HK$ Denominated shares)
1. Streettracks STI ETF
3. CapitaLand Integrated Commercial Trust
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)
Labels: Portfolio
posted by ghchua at 6:19 PM
2 Comments:
Mr chua,
Say example, if u had done due diligence on a company and decided to be vested. After that the company ceo retires n changes to a new ceo, maybe from a non related sector that he does not have much experience. Like example a saf brigader general. Will u take this into consideration to add more shares when it drops even if undervalued?? Need ur short take tks.
Hi mitchell,
It is quite a hypothetical question without naming the company. However, for me personally, undervalued is only part of the equation. I also look at many other angles like who are the controlling shareholders, the top 20 shareholders etc.
I am sure if the new CEO underperformed, he/she will be removed in no time if the controlling shareholder is concerned about it. Therefore, looking at the controlling shareholder is important.
Also, what is your definition of undervalued? Is it in terms of P/B, PE, dividend yield, historical share price etc? For me personally, I look at mostly NTA and P/B. And the assets must be consists of mostly hard assets like properties. A lousy CEO can run the business badly, but properties in the company can still retain its value.
Hope that the above short take helps.
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