My Investment Portfolio (November 2025)

STI ended November at 4523 points, up more than 2% for the month. In US, focus initially had been on ending the government shutdown. Lack of US government data due to shutdown also increased volatility in the markets, due to uncertainty on US Fed rate decision in December and also economic indicators. Meanwhile, concerns over the valuation of AI related companies also surfaced during the month. Towards the later part of the month, tensions between China and Japan also added to market uncertainty but it recovered some lost ground due to expectation of a US interest rate cut in December.

I have attended the following physical AGMs/EGMs/briefing this month - IPC Corp.

For my top 30 holdings this month, there were mixed performances among them. EnGro and Singapura Finance returned to the list, replacing GuocoLand and Samudera Shipping. Main contributors include The Hour Glass, UOL, Jardine C&C and SingTel. Detractors include iFAST, Hong Leong Asia and Sembcorp Industries.

I have bought the following companies from the market this month - ABR, AnnAik, Avi-Tech, Baker Tech, Bonvests, Brook Crompton, Bund Center, ComfortDelgro, F&N, Far East Orchard, First Sponsor, Frasers Property, Golden Agri, Heeton, Hiap Hoe, Hong Fok, Hong Leong Finance, Hotel Grand Central, Hotung, Indofood Agri, Karin, Koh Brothers, MindChamps, New Toyo, Overseas Education, PNE Industries, Pollux, Raffles Medical, Shopper360, Sing Investment & Finance, Singapore Land Group, Singapore Shipping, Straco, Straits Trading, Venture, Wing Tai, Yeo Hiap Seng and YHI. No sale trade was done.

The year is coming to an end with only one month to go. With many investors going on holidays in December, I expect next month will be a more quiet one with lower trading volume. It is also a good time to take stock, do a review of the year and plan ahead for the challenges expected in 2026.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 November 2025)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Sing Investment & Finance

3. Hotel Properties

4. Singapore Land Group

5. Hong Leong Finance

6. The Hour Glass

7. Hong Fok

8. Stamford Land

9. Jardine C&C

10. Hong Leong Asia

11. Bonvests

12. UOL

13. Sembcorp Industries

14. Wing Tai

15. Far East Orchard

16. SingTel

17. LHT

17. Far East Orchard

18. DBS

19. SGX

20. Haw Par

21. UOB Kay Hian

22. PM Data

23. Multi-Chem

24. Bukit Sembawang Estates

25. Yeo Hiap Seng

26. Hotel Grand Central

27. F&N

28. Metro Holdings

29. EnGro

30. Singapura Finance

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. Tan Chong International

2. Shangri-La Asia

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