My Investment Portfolio (June 2024)

STI ended mid-year at 3332 points, almost flat as compared to last month. Year to date, STI was up around 3%, but if one added back the dividends received, the YTD return numbers should come at around 6%. It had been another quiet month for the markets, with focus on AI related stocks and interest rate outlook. Volatility had also reduced as compared to last month.

For my top 30 holdings this month, main contributors include iFAST, PM Data, Samudera Shipping, Multi-Chem and Frencken. Main laggards include Hotel Grand Central, Wing Tai and Yeo Hiap Seng. Meanwhile, OUE and Tat Seng returned to the list. The two REITs both dropped out of the list, reflecting the sector's underperformance against the general market.

I have bought the following companies from the market this month - AF Global, AP Oil, Bonvests, Bund Center, Chuan Hup, City Developments, CosmoSteel, Credit Bureau Asia, EnGro, F&N, Frasers Property, Hiap Hoe, HL Global, Ho Bee Land, Hong Leong Asia, Hotel Grand Central, Hotung, IFS Capital, Intraco, IPC Corp, Jardine C&C, Jardine Matheson, Kingsmen, Koh Brothers, KSH, Low Keng Huat, Nam Lee, PEC, SBS Transit, Shangri-La Asia, Sinarmas Land, Singapore Land Group, Singapura Finance, Straits Trading, Tuan Sing, UOL, Wing Tai, XMH, Yeo Hiap Seng and YHI. No sale trade was done.

Next month will be another AGM season, with companies having financial year ending 31 March 2024 holding their AGMs. It will also be another low dividend paying month. As usual, I will continue to re-invest those dividends back into the market at a slower pace, in anticipation of the various headwinds ahead.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 June 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Isetan

3. Amara Holdings

4. LHT

5. Hong Fok

6. PM Data

7. Bonvests

8. Hong Leong Finance

9. Samudera Shipping

10. Sing Investment & Finance

11. Hotel Properties

12. The Hour Glass

13. Sembcorp Industries

14. Jardine C&C

15. Stamford Land

16. Wing Tai

17. Hotel Grand Central

18. Far East Orchard

19. Multi-Chem

20. Frencken

21. Metro Holdings

22. Great Eastern

23. Bukit Sembawang Estates

24. Yeo Hiap Seng

25. Hiap Hoe

26. Singapore Land Group

27. DBS

28. Global Testing

29. Tat Seng

30. OUE

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 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. Best World

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. Koon Holdings  - In liquidation - Creditors' voluntary winding up

22. Equatoriale Holdings  

23. China Haida

24. Chaswood Resources

My Investment Portfolio (May 2024)

STI ended May 2024 at 3336 points, up more than 1% as compared to last month. A lot of stocks had went ex-dividend this month on SGX, which explained their lackluster performance. Volatility had came down in the markets too. There were also some portfolio rebalancing of stocks by funds due to MSCI Singapore Index review changes towards the end of the month.

For my top 30 holdings this month, Great Eastern was a new entry to the list after the company received a voluntary unconditional general offer from OCBC. Samudera Shipping continued its good run from last month after news that global freight rate has gradually increased. Other main contributors include Bukit Sembawang Estates and Multi-Chem. Global Testing meanwhile returned to the list. Sembcorp Industries though was the main laggard.

I have bought the following companies from the market this month - AF Global, Bonvests, Brook Crompton, Bund Center, City Developments, CosmoSteel, F&N, Frasers Property, HL Global, Ho Bee Land, Hong Leong Asia, Hotel Grand Central, IFS Capital, IPC Corp, Jardine Matheson, Khong Guan, Koda, Koh Brothers, KSH, Metro, Pan Hong, Shangri-La Asia, Singapura Finance, SingTel, Stamford Tyres, Taka Jewellery, TIH, Tye Soon, UOL and Yeo Hiap Seng. 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 - Yeo Hiap Seng, Mapletree Logistics Trust, UOB Kay Hian, Tuan Sing, Straits Trading and Global Investments.

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 31 May 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Isetan

3. Amara Holdings

4. LHT

5. Hong Fok

6. Hong Leong Finance

7. Bonvests

8. Sing Investment & Finance

9. The Hour Glass

10. Hotel Properties

11. PM Data

12. Sembcorp Industries

13. Samudera Shipping

14. Stamford Land

15. Wing Tai

16. Hotel Grand Central

17. Jardine C&C

18. Far East Orchard

19. Yeo Hiap Seng

20. Hiap Hoe

21. Bukit Sembawang Estates

22. Great Eastern

23. Metro Holdings

24. Multi-Chem

25. DBS

26. Singapore Land Group

27. Singapura Finance

28. Frencken

29. CapitaLand Ascendas REIT

30. Global Testing

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 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. Best World

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. Koon Holdings  - In liquidation - Creditors' voluntary winding up

22. Equatoriale Holdings  

23. China Haida

24. Chaswood Resources

My Investment Portfolio (April 2024)

STI ended April 2024 at 3292 points, up around 2% as compared to last month. Market had been concerned about inflation data and the lower possibility of rate cuts in US. Also, geopolitical tensions had worsened in the Middle East. Volatility had increased in the market, while oil and gold prices continued to climb up.

I have attended the following physical AGMs/EGMs/briefing this month - Pacific Century, CapitaLand Ascott Trust, Far East Orchard, Yeo Hiap Seng, EnGro, Straits Trading and Indofood Agri.

For my top 30 holdings this month, Isetan was a top performer after its controlling shareholder announced a scheme of arrangement in an attempt to take the company private. Other main contributors include iFAST, LHT and Samudera Shipping. Frencken though was a laggard, after tech stocks had mostly underperformed the market due to raising bond yields. Multi-Chem returned to the list.

I have bought the following companies from the market this month - AP Oil, Bund Center, Chemical Industries, Chuan Hup, City Developments, F&N, Far East Orchard, Great Eastern, HL Global, Hong Leong Asia, Hotel Royal, Hotung, Jardine Matheson, Koh Brothers, Lum Chang, Metro, OUE, Overseas Education, PEC, SBS Transit, Shangri-La Asia, Sinarmas Land, Singapore Land Group, Straits Trading, Tye Soon, UOL and Yeo Hiap Seng. No sale trade was done.

I have participated in the following scrip dividend schemes - Jardine Matheson and UOA.

Next month, companies with financial year ending 31 December 2023 will be mostly paying out their final dividends after holding their AGMs in April. With interest rate outlook remained uncertain, markets are expected to remain volatile going forward. I will re-invest those dividends back into the market prudently. Efforts will be taken to invest more into value stocks, while limiting funds going into growth ones. 

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 April 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Isetan

3. LHT

4. Amara Holdings

5. Hong Fok

6. Hong Leong Finance

7. Bonvests

8. Sembcorp Industries

9. The Hour Glass

10. Hotel Properties

11. Sing Investment & Finance

12. PM Data

13. Wing Tai

14. Samudera Shipping

15. Hotel Grand Central

16. Jardine C&C

17. Stamford Land

18. Far East Orchard

19. Hiap Hoe

20. Metro Holdings

21. Yeo Hiap Seng

22. Singapura Finance

23. Bukit Sembawang Estates

24. Singapore Land Group

25. Frencken

26. DBS

27. CapitaLand Ascendas REIT

28. CapitaLand Integrated Commercial Trust

29. Multi-Chem

30. Tat Seng

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. Best World

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. Koon Holdings  - In liquidation - Creditors' voluntary winding up

22. Equatoriale Holdings  

23. China Haida

24. Chaswood Resources

My Investment Portfolio (March 2024)

STI ended first quarter of 2024 at 3251 points, up around 2.6% as compared to last month, lifted mostly by the 3 local banks. Market had been quiet after the result reporting season here in Singapore but US Fed chair comments that it would be appropriate to cut interest rates later this year helped investor sentiment. AI hype also supported some tech stocks.

For my top 30 holdings this month, there had been not much movements observed as the result reporting period for most companies was over. Sembcorp Industries was one of the rare main movers in the list. Multi-Chem, however, dropped out of the list as there was an update on utilisation of an amount which concerned how the money was paid. DBS returned to the list after outperforming this month.

I have bought the following companies from the market this month - ABR, Asia Enterprises, Baker Tech, BBR, Bonvests, Brook Crompton, Bukit Sembawang Estates, Bund Center, Captii, Casa, Chemical Industries, F&N, First Sponsor, GuocoLand, Ho Bee Land, Hong Leong Asia, Hotel Grand Central, Hotel Royal, IFS Capital, Indofood Agri, IPC Corp, Isetan, Jardine C&C, Jardine Matheson, Kingsmen, Koh Brothers, Low Keng Huat, Lum Chang, Mandarin Oriental, Nam Lee, New Toyo, OUE, Overseas Education, Pan Hong, SBS Transit, Secura, Silverlake Axis, Sinarmas Land, Singapore Land Group, Singapura Finance, Stamford Tyres, Straits Trading, Taka Jewellery, Tan Chong International, Tuan Sing, UOL and Yeo Hiap Seng. No sale trade was done.

Next month, companies with financial year ending 31 December 2023 will be conducting their AGMs. As usual, I will try to attend some of these AGMs to get updates from my portfolio companies. With April being a traditionally low dividend paying month, I will slow down my purchases in the market in order to conserve cash for my expenses.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 March 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. LHT

4. Hong Fok

5. Hong Leong Finance

6. Sing Investment & Finance

7. Sembcorp Industries

8. Bonvests

9. The Hour Glass

10. PM Data

11. Hotel Properties

12. Stamford Land

13. Hotel Grand Central

14. Wing Tai

15. Far East Orchard

16. Frencken

17. Jardine C&C

18. Hiap Hoe

19. Yeo Hiap Seng

20. Metro Holdings

21. CapitaLand Ascendas REIT

22. Samudera Shipping

23. Singapura Finance

24. Singapore Land Group

25. Bukit Sembawang Estates

26. Isetan

27. CapitaLand Integrated Commercial Trust

28. Tat Seng

29. DBS

30. Haw Par

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 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. Best World

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. Koon Holdings  - In liquidation - Creditors' voluntary winding up

22. Equatoriale Holdings  

23. China Haida

24. Chaswood Resources

My Investment Portfolio (February 2024)

STI closed February at 3141 points, down around 0.3% as compared to last month. Data watching and earnings report were the name of the game this month. Investors watch out for key data out from the US while Singapore had been flooded with full-year earnings reports from companies with financial year ending 31 December 2023.

For my top 30 holdings this month, there had been some major movements as investors reacted to results reporting from companies. Multi-Chem made it to the list for the first time, after announcing a set of result that beat market expectations and also increased their dividend payout. LHT was also one of the main contributor, after surprising the market with a special dividend payout. Frencken was another performer, as analysts upgraded their target prices on the stock after their result announcement. Wing Tai also did well, after a newspaper report on the company as a potential privatisation candidate. Sembcorp Industries though, was one of the bigger detractors while Delfi dropped out of the list as investors sold down the stock after their result announcement, which indicated margin compression.

I have bought the following companies from the market this month - AP Oil, Asia Enterprises, BBR, Bonvests, Brook Crompton, Bukit Sembawang Estates, City Developments, Credit Bureau Asia, EnGro, First Sponsor, Global Investments, Hiap Hoe, HL Global, Ho Bee Land, Hor Kew, Hong Leong Asia, Hotel Grand Central, Hotel Royal, IFS Capital, Indofood Agri, Innotek, IPC Corp, Karin, Koh Brothers, Lum Chang, Mandarin Oriental, Nam Lee, Ossia, OUE, Pacific Century, Pan Hong, SHS, Silverlake Axis, Singapore Land Group, Stamford Tyres, Straits Trading, Taka Jewellery, Tan Chong International, TIH, Tuan Sing, Wing Tai and Yeo Hiap Seng. I have also closed my position in Hiap Seng.

Next month will be another quiet one with not much corporate activities as investors digest those full-year results from companies with financial year ending 31 December 2023. I will continue to go through some of those result announcements that I have missed out in February. With companies citing many issues like global economic uncertainties, ongoing geopolitical issues, raising costs etc in their outlook statements, I will still adopt a more defensive positioning for my portfolio going forward.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 February 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Fok

4. LHT

5. Hong Leong Finance

6. Bonvests

7. Sing Investment & Finance

8. Hotel Properties

9. PM Data

10. The Hour Glass 

11. Sembcorp Industries

12. Stamford Land

13. Wing Tai

14. Hotel Grand Central

15. Far East Orchard

16. Jardine C&C

17. Frencken

18. Metro Holdings

19. Yeo Hiap Seng

20. Hiap Hoe

21. CapitaLand Ascendas REIT

22. Singapore Land Group

23. Multi-Chem

24. Samudera Shipping

25. Singapura Finance

26. Tat Seng

27. CapitaLand Integrated Commercial Trust

28. Isetan

29. Haw Par

30. Bukit Sembawang Estates

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 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. Best World

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. Koon Holdings  - In liquidation - Creditors' voluntary winding up

22. Equatoriale Holdings  

23. China Haida

24. Chaswood Resources

My Investment Portfolio (January 2024)

STI started the year on a limp note at 3153 points, down around 3% for the month. Volatility also increased a bit this month, highlighting investors' lower confidence on the local market. New conflicts like rebel movement in Yemen on Red Sea shipping has escalated tensions in Middle East. Meanwhile, China continued to disappoint as full-year exports fell for the first time in 7 years. Investors also expected lesser rate cuts from US Fed this year as Treasury yields rose.

For my top 30 holdings this month, Amara Holdings remained in the list as I did not accept the takeover offer after it closes. Samudera Shipping returned to the list after outperforming due to expectation of rate hikes, contributed by conflicts in Middle East. Sembcorp Industries and PM Data also contributed to returns. However, The Hour Glass and Jardine C&C were the biggest detractors in the list. The two REITs in the list also underperformed, as investors expected later and lesser rate cuts this year.

I have bought the following companies from the market this month - Alliance HC, AP Oil, AV Jennings, Baker Tech, Bonvests, Bukit Sembawang Estates, Bund Center, Chemical Industries, Chuan Hup, Credit Bureau Asia, EnGro, Hiap Hoe, Hock Lian Seng, Hotel Properties, Hotel Royal, Huationg Global, IFS Capital, IPC Corp, Koda, Koh Brothers, KSH, Low Keng Huat, Lum Chang, Mandarin Oriental, Metro, Ossia, Secura, Shopper360, Sinarmas Land, Singapura Finance, Sing Investment & Finance, Sing Holdings, Singapore Land Group, Straits Trading, Tai Sin, Tuan Sing, Tye Soon, Wing Tai and Yeo Hiap Seng. No sale trade was done.

Next month, most companies with financial year ending 31 December 2023 will be announcing their full-year results. As usual, I will go through some of those result announcements. I will continue to execute my plan to bring in more undervalued stocks to lower my overall portfolio valuation. Efforts will be made to identify more of these stocks. 

With Chinese New Year coming soon, I take this opportunity to wish all my readers out there Gong Xi Fa Cai and the best of health for the Year of the Dragon!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 January 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Fok

4. Hong Leong Finance

5. Bonvests

6. Sembcorp Industries

7. Sing Investment & Finance

8. PM Data

9. Hotel Properties

10. The Hour Glass 

11. Stamford Land

12. LHT

13. Hotel Grand Central

14. Far East Orchard

15. Jardine C&C

16. CapitaLand Ascendas REIT

17. Metro Holdings

18. Yeo Hiap Seng

19. Wing Tai

20. Hiap Hoe

21. Delfi

22. Singapura Finance

23. Singapore Land Group

24. CapitaLand Integrated Commercial Trust

25. Isetan

26. Samudera Shipping

27. Bukit Sembawang Estates

28. Tat Seng

29. Haw Par

30. Frencken

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 Holdings (Aust$ Denominated shares)
1. AV Jennings

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

2. Keppel Limited
3. CapitaLand Integrated Commercial Trust

4. CapitaLand Ascendas REIT
5. Best World

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. Koon Holdings  - In liquidation - Creditors' voluntary winding up

22. Equatoriale Holdings  

23. China Haida

24. Chaswood Resources

My Investment Portfolio (December 2023)

STI ended the year at 3240 points, up more than 5% for the month but still down a bit overall for the whole year. Markets rallied in December as US Fed indicated that inflation had eased, paving the way for a sharper pace of rate cuts next year. As expected, rate sensitive stocks like REITs and property developers did well. 

I have attended the following physical AGMs/EGMs/briefing this month - abrdn Indonesia Equity Fund.

For my top 30 holdings this month, Frencken returned to the list as investors bet on recovery in the semiconductor industry. The Hour Glass and the two REITs (i.e. CapitaLand Ascendas REIT and CapitaLand Integrated Commercial Trust) also did well. Most of the other stocks in the list also recovered a bit, in line with the general market. 

I have bought the following companies from the market this month - Asia Enterprises, Baker Tech, Bonvests, Bukit Sembawang Estates, Bund Center, Captii, Chemical Industries, Chuan Hup, Credit Bureau Asia, First Sponsor, Hiap Hoe, HL Global, Ho Bee Land, Hongkong Land, Hong Leong Asia, Hor Kew, Hotel Grand Central, Hotel Royal, IFS Capital, Jardine Matheson, Koh Brothers, KSH, Lum Chang, Mandarin Oriental, Metro, Nam Lee, Overseas Education, OUE Heathcare, PEC, SHS, Singapore Land Group, Straits Trading, Tuan Sing, Wing Tai, XMH, Yanlord and Yeo Hiap Seng. No sale trade was done.

STI ended the year on a positive note but underperformed significantly as compared to US market in 2023. For those who have invested in SGX, it had been a tough and volatile year. However, with interest rate expecting to dip next year, there is an optimistic mood around the market lately as shown in the recent year end market rally. Hopefully, this will continue for our local market next year. I will remain invested and hopefully ride on any upside while protecting my downside via careful stock selection and portfolio management. 

Wishing all my readers out there many more returns in 2024. Happy New Year!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 December 2023)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara

3. Hong Fok

4. Hong Leong Finance

5. Bonvests

6. The Hour Glass 

7. Sing Investment & Finance

8. Sembcorp Industries

9. Hotel Properties

10. PM Data

11. Jardine C&C

12. LHT

13. Hotel Grand Central

14. Stamford Land

15. Far East Orchard

16. CapitaLand Ascendas REIT

17. Metro Holdings

18. Wing Tai

19. Yeo Hiap Seng

20. Delfi

21. Hiap Hoe

22. Singapura Finance

23. Singapore Land Group

24. CapitaLand Integrated Commercial Trust

25. Bukit Sembawang Estates

26. Isetan

27. Tat Seng

28. Haw Par

29. OUE

30. Frencken

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 Holdings (Aust$ Denominated shares)
1. AV Jennings

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

2. Keppel Corp
3. CapitaLand Integrated Commercial Trust

4. CapitaLand Ascendas REIT
5. Best World

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. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
9. FerroChina - Under Liquidation
10. FirstLink Investments
11. NEL Group
12. Jets Technics
13. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
14. Hongwei Technologies Limited (In Provisional Liquidation)
15. FDS Networks Group
16. Aussino Group - In Liquidation - Creditors' voluntary winding up
17. China Oilfield Technology
18. China Milk Products Group - Under Liquidation
19. Pacific Healthcare
20. Fung Choi Media - In Liquidation
21. DMX Technologies - In Liquidation
22. Europtronic Group- In Liquidation
23. China Sun Bio-chem Technology
24. Attilan Group
25. Transcorp

26. Koon Holdings  - Under Liquidation

27. Equatoriale Holdings  

28. China Haida

29. Chaswood Resources