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Wednesday, January 31, 2024

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

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Friday, December 29, 2023

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

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Thursday, November 30, 2023

My Investment Portfolio (November 2023)

STI remain almost unchanged in November to end at 3072 points, up 0.1% as compared to last month closing. Markets rallied during the early part of the month due to expectation of no further rate hike from Fed. However, recession fears took over later in the month and markets corrected. Volatility also decreased greatly this month as compared to previous one.

I have attended the following physical AGMs/EGMs/briefing this month - Khong Guan.

For my top 30 holdings this month, Amara was one of the main movers after the company received a voluntary unconditional cash offer from a consortium. iFAST also continued its good run from previous month after receiving brokerage upgrades. The REITs in the list also did well, as investors now expect no more rate hike in US for this year and faster pace of rate cuts in 2024. Sembcorp Industries also outperformed, after making more investments into wind assets in China and India. Laggards include The Hour Glass and Delfi. Investors were disappointed after Delfi's 3Q23 business update as growth might moderate going forward. OUE is a new entry into the list for the month.

I have bought the following companies from the market this month - AF Global, Asia Enterprises, Boustead, Bukit Sembawang Estates, Bund Center, Captii, Chemical Industries, City Developments, Credit Bureau Asia, EnGro, Far East Orchard, Frasers Property, Goodland, HL Global, Hongkong Land, Hong Leong Asia, Hong Leong Finance, Hotel Grand Central, Hotel Royal, Hotung, IFS Capital, Indofood Agri, IPC, Isetan, Jardine Matheson, Karin, Kingsmen, KSH, Lion AsiaPac, Low Keng Huat, Lum Chang, Metro, Nam Lee, Pan Hong, Shopper360, SHS, Sing Investment & Finance, Sing Holdings, Singapore Land Group, Singapore Shipping, Singapura Finance, Straits Trading, TIH, UOA, UOL, Wing Tai, Yanlord, Yeo Hiap Seng and YHI. No sale trade was done.

I have participated in the following scrip dividend scheme - Mapletree Logistics Trust.

We are getting into the last month of the year. With many investors going on holidays in December, I do not expect much activities as the year comes to an end. As we reflect and review this year in order to plan ahead for 2024, I take this opportunity to wish all my readers out there a happy holiday season!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 November 2023)

Top 30 Holdings (Sing$ Denominated shares)
1. iFAST
2. Amara
3. Hong Fok
4. Bonvests
5. Hong Leong Finance
6. Sing Investment & Finance
7. PM Data
8. Hotel Properties
9. Sembcorp Industries
10. The Hour Glass 
11. LHT
12. Jardine C&C
13. Stamford Land
14. Hotel Grand Central
15. Far East Orchard
16. Metro Holdings
17. Yeo Hiap Seng
18. Wing Tai
19. CapitaLand Ascendas REIT
20. Hiap Hoe
21. Delfi
22. Singapura Finance
23. Singapore Land Group
24. Isetan
25. Haw Par
26. Tat Seng
27. Bukit Sembawang Estates
28. CapitaLand Integrated Commercial Trust
29. Global Testing
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 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

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Tuesday, October 31, 2023

My Investment Portfolio (October 2023)

STI continued its downtread for October to end at 3067 points, down around 4.8% as compared to last month closing. Concerns this month include Israel-Hamas conflict which could translate into war in Middle East, rising US long duration bond yield, rising oil prices etc. Volatility had also increased significantly in the markets this month, as compared to previous few months. REITs had also been sold off due to concerns of higher interest rate for longer, though they did recovered some lost ground towards the end of the month.

I have attended the following physical AGMs/EGMs/briefing this month - Wing Tai, Spindex, Chuan Hup and Lion AsiaPac.

For my top 30 holdings this month, most stocks had lost ground due to general market weakness. Samudera Shipping dropped out of the list after announcing a profit warning for their 3Q23 result. But there were a few outperformers. iFAST did well after announcing their 3Q23 result as their ePension project in Hong Kong had started to contribute revenue. Bonvests and LHT also did well. 

I have bought the following companies from the market this month - AF Global, AP Oil. Asia Enterprises, Baker Tech, Bund Center, Captii, Chemical Industries, Credit Bureau Asia, EnGro, F&N, Frasers Property, Goodland, GuocoLand, Heeton, Ho Bee Land, Hongkong Land, Hock Lian Seng, Hong Leong Asia, Hong Leong Finance, Hotel Grand Central, Hotel Royal, Hotung, Huationg Global, Isetan, Jardine Matheson, Koh Brothers, Lum Chang, Mandarin Oriental, Metro, MYP, New Toyo, Pacific Century, PEC, SBS Transit, SHS, Sinarmas Land, Singapura Finance, SingTel, Stamford Land, Stamford Tyres, Straits Trading, Trendlines and Tye Soon. No sale trade was done.

I have participated in the following preferential offer/rights issue - AV Jennings.

Next month will be another quiet month although some companies will be announcing their 3Q23 results and updates. With only two months left before the end of the year, it will be a good time to slow down and do some reflections before the year draws to a close. Markets are expected to be more quiet as we head towards the holiday season so I don't expect much big movements. Therefore, it is quite likely that this is going to end up with another negative year for equities in general as well.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 October 2023)

Top 30 Holdings (Sing$ Denominated shares)
1. iFAST
2. Hong Fok
3. Bonvests
4. Hong Leong Finance
5. The Hour Glass 
6. Hotel Properties
7. Sing Investment & Finance
8. Amara
9. LHT
10. Jardine C&C
11. PM Data
12. Hotel Grand Central
13. Sembcorp Industries
14. Stamford Land
15. Far East Orchard
16. Delfi
17. Metro Holdings
18. Wing Tai
19. Yeo Hiap Seng
20. Hiap Hoe
21. Singapura Finance
22. CapitaLand Ascendas REIT
23. Singapore Land Group
24. Isetan
25. Tat Seng
26. Haw Par
27. Global Testing
28. Bukit Sembawang Estates
29. SGX
30. CapitaLand Integrated Commercial Trust

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

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Saturday, September 30, 2023

My Unit Trust Asset Allocation

Dear all,

After nearly one year, I guess it is time for another update on my unit trust asset allocation. You can refer to my previous one at the link below:

https://ghchua.blogspot.com/2022/11/my-unit-trust-asset-allocation.html

For asset classes, I have done nothing much other than consistently adding onto the list of unit trusts that I had been holding for CPF Investments. I have been very defensive for the past one year or so, and therefore increased my allocation to short duration bond fund significantly. Equity allocation was down correspondingly, due mainly to its relative under performance in general and also adding onto other asset classes.

For geographic exposure, Global, Japan and US funds were the out performers in the portfolio. Since Global funds have greater exposure to US and Japan, it is understandable that they have performed well along with these markets. Laggards continued to be funds with exposure to China. Though I don't specifically hold any China funds, Asia Pacific Excluding Japan, Emerging Markets and Asia excluding Japan regional funds do have decent exposure to that market, which dragged down their performance.

Going forward, my strategy is to add onto existing funds, while continue to maintain a more defensive positioning in terms of asset allocation.

Asset Class

Equity 81.4%

Balanced 13.01%

Short Duration Bond 4.56%

Fixed Income 1.04%

Geographic

Global 19.19%

Asia Pacific Excluding Japan 16.68%

Emerging Markets 13.21%

Japan 12.13%

US 8.01%

Singapore 7.44%

Asia excluding Japan 5.6%

Europe including UK 3.2%

Taiwan 3.1%

Indonesia 3.1%

Thailand 2.93%

India 2.32%

Malaysia 1.62%

Korea 1.46%

Welcome any comments (if any) on my unit trust asset allocation.

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Friday, September 29, 2023

My Investment Portfolio (September 2023)

STI ended 3Q2023 at around 3217 points, down less than 1% as compared to last month closing. September was traditionally one of the weakest month in the market. Concerns this month in the markets include USD strength, raising Treasury yields after US Fed indicated further rate hikes this year, a possible US government shutdown and higher oil prices. Volatility in the markets increased as compared to last month.

I have attended the following physical AGMs/EGMs/briefing this month - Shopper360.

For my top 30 holdings this month, Singapore Land Group was in the news after the company applied to URA for Marina Square to be rezoned to undertake partial redevelopment. Not much major news was observed for most stocks in the list, as they have mostly lost ground along with the general market.

I have bought the following companies from the market this month - AF Global, Asia Enterprises, Ban Leong, Bund Center, Casa, Chemical Industries, City Developments, Credit Bureau Asia, EnGro, F&N, First Sponsor, GuocoLand, Hiap Hoe, Ho Bee Land, Hong Leong Asia, Hong Leong Finance, Hotel Grand Central, Hotel Royal, Hotung, Huationg Global, Indofood Agri, Khong Guan, Koda, KSH, Lion AsiaPac, Lum Chang, Mandarin Oriental, Metro, Nam Lee, OUE, Overseas Education, Pacific Century, PEC, SBS Transit, SHS, Silverlake Axis, Sinarmas Land, Sing Investment & Finance, Singapore Land Group, Singapore Shipping, Singapura Finance, SingTel, Stamford Land, Stamford Tyres, TC Auto, Trendlines and Yeo Hiap Seng. No sale trade was done.

Next month, companies with financial year ending 30 June 2023 will be holding their AGMs. As usual, I will be attending some of them to get updates. With markets getting more volatile, I will continue to be more defensive in positioning my portfolio going forward.

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

Top 30 Holdings (Sing$ Denominated shares)
1. iFAST
2. Hong Fok
3. The Hour Glass 
4. Bonvests
5. Hong Leong Finance
6. Jardine C&C
7. Hotel Properties
8. Sing Investment & Finance
9. Amara
10. Sembcorp Industries
11. PM Data
12. Hotel Grand Central
13. LHT
14. Stamford Land
15. Far East Orchard
16. Delfi
17. Wing Tai
18. Metro Holdings
19. Yeo Hiap Seng
20. Hiap Hoe
21. CapitaLand Ascendas REIT
22. Samudera Shipping
23. Singapura Finance
24. Singapore Land Group
25. Isetan
26. Haw Par
27. Tat Seng
28. Bukit Sembawang Estates
29. CapitaLand Integrated Commercial Trust
30. SGX

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

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Thursday, August 31, 2023

My Investment Portfolio (August 2023)

STI ended August at around 3233 points, down more than 4% as compared to last month closing. US government credit rating downgrade spooked the markets during the early part of the month. Also, Singapore GDP numbers came out below expectations and continued concerns on state of China's economy and property sector worried the markets. This plus raising bond yield and rating downgrade of US banks added to further market weakness. However, Singapore inflation data came out better than expected, which allowed the market to recover back some of those losses towards to end of the month.

For my top 30 holdings this month, Delfi did well after announcing a decent set of 1H23 results which beats market expectations but gave up some of those gains towards the end of the month. Hotel Properties also did well after getting approval from URA for their proposed redevelopment of their assets located along Orchard Road and Cuscaden Road. Among the laggards, Samudera Shipping continued its weakness in share price after announcing their 1H23 results. Wing Tai also traded down after they announced a profit warning ahead of their FY23 results. The Hour Glass was sold down after news that Rolex had bought retailer Bucherer. Meanwhile, Tat Seng returned to the list after announcing a higher than expected interim dividend payout.

I have bought the following companies from the market this month - AF Global, Alliance HC, Asia Enterprises, Bonvests, Brook Crompton, Cosmosteel, EnGro, F&N, Frasers Property, Goodland, GuocoLand, Heeton, Hiap Hoe, Ho Bee Land, Hong Leong Asia, Hong Leong Finance, Hotel Grand Central, Hotung, Huationg Global, IFS Capital, Indofood Agri, Jardine Matheson, Khong Guan, Koda, Lum Chang, Metro, Noel Gifts, OUE, Pacific Century, SBS Transit, Shangri-La Asia, Silverlake Axis, Sing Holdings, Singapore Land Group, Singapura Finance, Straits Trading, Tai Sin, Tan Chong International, TIH, UOA, Venture, Wing Tai, Yanlord and Yeo Hiap Seng. No sale trade was done.

I have participated in the following scrip dividend scheme - Jardine Matheson.

Next month will be a quiet month with not much corporate activities. As usual, I will spend sometime to go through some of those full-year result announcements that I have missed for companies with financial year ending 30 June 2023. I will also continue to seek value in the market and re-invest prudently.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 August 2023)

Top 30 Holdings (Sing$ Denominated shares)
1. iFAST
2. Hong Fok
3. The Hour Glass 
4. Bonvests
5. Hong Leong Finance
6. Jardine C&C
7. Hotel Properties
8. Sembcorp Industries
9. Amara
10. Sing Investment & Finance
11. PM Data
12. Hotel Grand Central
13. LHT
14. Stamford Land
15. Far East Orchard
16. Metro Holdings
17. Delfi
18. Yeo Hiap Seng
19. Wing Tai
20. Hiap Hoe
21. Singapura Finance
22. CapitaLand Ascendas REIT
23. Samudera Shipping
24. Singapore Land Group
25. Haw Par
26. Bukit Sembawang Estates
27. CapitaLand Integrated Commercial Trust
28. Isetan
29. Global Testing
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. 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

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A self-directed investor, looking to invest for retirement needs and bypass all those expensive financial planners/insurance agents. Investing is fun, profitable or most important of all, knowledge gained is useful for the rest of your life!

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