My Investment Portfolio (October 2026)

STI ended October at 5376 points, down around 5.2% for the month. Rising US Treasury yields and elevated oil prices continue to reignite inflation concerns by the markets. Sell-off in technology and semiconductor stocks grew as investors were increasingly concerned over the sustainability of AI-related investments. Volatility in the markets had also increased as compared to last month.

For my top 30 holdings this month, most holdings tracked the market down. SingTel returned to the list, replacing JMSEA (formerly known as Jardine C&C). Main contributors include Hong Fok, Hotel Properties and Bukit Sembawang Estates. Detractors include The Hour Glass, UOB Kay Hian and Frencken.

I have bought the following companies from the market this month - ABR, Anchun, Baker Tech, Banyan Group, Bonvests, Bund Center, City Developments, ComfortDelgro, Credit Bureau Asia, Delfi, DX-Tech (formerly known as Avi-Tech), Ellipsiz, EnGro, ES Group, F&N, Far East Orchard, Frasers Property, Global Testing, Goodland, GuocoLand, Haw Par, Heeton, Hiap Hoe, Ho Bee Land, Hock Lian Seng, Hong Leong Finance, Hosen, Hotel Grand Central, Hotung, Indofood Agri, Jardine Matheson, Metro, OUE, Qian Hu, Raffles Medical, Sing Holdings, Singapore Land Group, SingPost, Singapore Shipping, Singapura Finance, Stamford Tyres, Straco, Straits Trading, Teho, TIH, Tuan Sing, UOA, Vibrant, Wing Tai, Yanlord, Yeo Hiap Seng and YHI. No sale trade was done.

I have participated in the following scrip dividend scheme - UOA.

I have accepted the following voluntary delisting/cash offers this month - Datapulse and Hafary.

My stake in Avarga had also been acquired via Scheme of Arrangement.

Markets seem to be facing some headwinds this month after recent good performances. I have started to deploy more cash into the market but will continue to be defensive in my portfolio positioning. With only two months left to go for this year, it is also a good time to do some review before the year draws to a close.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 October 2026)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Hong Fok

3. The Hour Glass

4. Hotel Properties

5. Hong Leong Finance

6. Sing Investment & Finance

7. DBS

8. Singapore Land Group

9. Hong Leong Asia

10. UOB Kay Hian

11. SGX

12. Wing Tai

13. Bonvests

14. Stamford Land

15. EnGro

16. Great Eastern

17. OCBC

18. UOL

19. Sembcorp Industries

20. Hotel Grand Central

21. Bukit Sembawang Estates

22. ST Engineering

23. SBS Transit

24. GuocoLand

25. Singapura Finance

26. F&N

27. Frencken

28. Straits Trading

29. SingTel

30. Far East Orchard

Top Holdings (US$ Denominated shares)

1. Hongkong Land
2. Jardine Matheson

3. TJ Da Ren Tang
4. 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. Penguin International

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. Equatoriale Holdings  

21. China Haida

22. Chaswood Resources

My Investment Portfolio (September 2026)

STI ended 3rd quarter of the year at 5675 points, down around 1.4% for the month. September had again been a weak month for the markets as concerns on interest rate hike due to inflation and high oil price. Eventually, US Fed raised its benchmark interest rate for the first time in three years. Volatility in the markets had increased as compared to last month.

For my top 30 holdings this month, most holdings tracked the market down. GuocoLand and F&N returned to the list, replacing Multi-Chem and SingTel. Main contributors include Hong Fok and Frencken. Detractors include Singapore Land Group, SGX, UOL and Straits Trading.

I have bought the following companies from the market this month - Advanced, Avi-Tech, Banyan Group, Bonvests, Brook Crompton, Bund Center, Captii, City Developments, Credit Bureau Asia, Delfi, F&N, Far East Orchard, Frasers Property, GuocoLand, Haw Par, Hiap Hoe, HL Global, Ho Bee Land, Hock Lian Seng, Hong Fok, Hong Leong Finance, Hotel Grand Central, Hotel Royal, Hotung, IFS Capital, Indofood Agri, Jardine C&C, Jardine Matheson, Karin, Koda, KSH, Metro, Mewah, MTQ, New Toyo, OUE, Overseas Education, PNE Industries, Qian Hu, Raffles Medical, Riverstone, Sing Holdings, Singapura Finance, Stamford Land, Straco, Straits Trading, Tuan Sing, Tye Soon, UOA, Vicplas, Wing Tai, Wong Fong and Yeo Hiap Seng. No sale trade was done.

I have participated in the following scrip dividend schemes - CSE Global, Global Investments and Jardine Matheson.

Next month, companies with financial year ending 30 June 2026 will be holding their AGMs. As markets had corrected quite a bit this month after hitting all-time highs, I will continue to invest at a much slower pace. As usual, I will be more conservative in terms of portfolio positioning and will also be holding more cash.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 September 2026)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. The Hour Glass

3. UOB Kay Hian

4. Hong Fok

5. Hong Leong Finance

6. Sing Investment & Finance

7. Hong Leong Asia

8. DBS

9. Singapore Land Group

10. SGX

11. Hotel Properties

12. Wing Tai

13. Frencken

14. Stamford Land

15. Bonvests

16. OCBC

17. EnGro

18. Great Eastern

19. UOL

20. ST Engineering

21. Sembcorp Industries

22. Hotel Grand Central

23. Jardine C&C

24. SBS Transit

25. GuocoLand

26. Bukit Sembawang Estates

27. Singapura Finance

28. Far East Orchard

29. Straits Trading

30. F&N

Top Holdings (US$ Denominated shares)

1. Hongkong Land
2. Jardine Matheson

3. TJ Da Ren Tang
4. 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. Penguin International

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. Equatoriale Holdings  

21. China Haida

22. Chaswood Resources

My Unit Trust Asset Allocation

Dear all,

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

https://ghchua.blogspot.com/2025/09/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 a bit more aggressive for the past one year, adding onto my Global, Asia Pacific Excluding Japan and Emerging Markets equity funds on market corrections. Having said that, I have been adding onto my short duration bond fixed income fund too. This had resulted in a slightly increased equity allocation to above 80%. For balanced funds, I have continued to add onto them using CPF-SA monies.

For geographic exposure, Emerging Markets, Japan, Singapore, Taiwan and Korea funds were the out performers in the portfolio. Asia Pacific Excluding Japan and Asia excluding Japan funds also did well. Laggards include single country equity funds with exposure to India and Indonesia.

Going forward, my strategy is to add onto existing funds, while continue to maintain a more defensive positioning in terms of asset allocation. I would not commit into adding more to equity or fixed income funds, as expectations on higher interest rate might continue to pressure fixed income funds, especially on the longer end. The key is still to keep fixed income duration exposure short, which means I will still be looking at short duration bond fixed income funds. For equity funds, the key is to avoid concentration risk which means looking at regional and/or global equity instead of single country funds.

Asset Class

Equity 81.00%

Balanced 12.64%

Fixed Income 6.36%

Geographic

Global 18.36%

Asia Pacific Excluding Japan 14.97%

Emerging Markets 14.78%

Japan 12.63%

Singapore 8.93%

US 7.58%

Asia excluding Japan 6.19%

Taiwan 5.41%

Europe including UK 2.78%

Korea 2.75%

Thailand 1.68%

India 1.49%

Malaysia 1.25%

Indonesia 1.20%

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

My Investment Portfolio (August 2026)

STI ended August at 5755 points, up more than 2% for the month, lifted again by the banks. Markets had continued to be concerned with interest rate outlook, tariff news, US-Iran war progression, oil price and AI related stories. Volatility in the markets had further decreased as compared to last month.

For my top 30 holdings this month, it had been again another mixed list of performance. Straits Trading and Far East Orchard returned to the list, replacing PM Data and Haw Par. Main contributors include SGX, DBS, Multi-Chem, OCBC, Sembcorp Industries, ST Engineering and SBS Transit. Detractors include UOL, EnGro, Jardine C&C and Bukit Sembawang Estates.

I have bought the following companies from the market this month - Anchun, Asia Enterprises, Baker Tech, Bonvests, Bund Center, CFM, Delfi, F&N, Far East Orchard, Frasers Property, Heeton, Hiap Hoe, HL Global, Ho Bee Land, Hock Lian Seng, Hong Fok, Hotel Properties, Hotung, Indofood Agri, Intraco, IPC Corp, Jardine Matheson, Karin, Keong Hong, Koh Brothers, Metro, Mewah, MindChamps, MYP, New Toyo, Noel Gifts, OUE, Overseas Education, PNE Industries, Raffles Medical, Sing Holdings, Singapore Land Group, Singapore Shipping, Singapura Finance, Stamford Land, Straco, Tuan Sing, Vibrant Group, Wing Tai, Yanlord, Yeo Hiap Seng and YHI. No sale trade was done.

I have accepted the following Equal Access Offer this month - SHS Holdings.

I have participated in the following preferential offer/rights issue - Global Invacom.

I have also participated in the following scrip dividend schemes - Aspial Corp, Boustead Singapore, Singapore Shipping and Stamford Land.

Next month will be a quiet month as the financial result reporting season for most 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 headwinds ahead, I will continue to position my portfolio more defensively.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 August 2026)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. The Hour Glass

3. UOB Kay Hian

4. Hong Leong Asia

5. SGX

6. Sing Investment & Finance

7. Hong Leong Finance

8. Singapore Land Group

9. DBS

10. Hong Fok

11. Hotel Properties

12. Wing Tai

13. Multi-Chem

14. UOL

15. Bonvests

16. EnGro

17. Great Eastern

18. OCBC

19. Stamford Land

20. Frencken

21. Sembcorp Industries

22. ST Engineering

23. Jardine C&C

24. Hotel Grand Central

25. SBS Transit

26. SingTel

27. Straits Trading

28. Bukit Sembawang Estates

29. Far East Orchard

30. Singapura Finance

Top Holdings (US$ Denominated shares)

1. Hongkong Land
2. Jardine Matheson

3. TJ Da Ren Tang
4. 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. Penguin International

 
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. Equatoriale Holdings  

21. China Haida

22. Chaswood Resources

My Investment Portfolio (July 2026)

STI ended July at 5628 points, up around 9% for the month, lifted by the banks. Markets had been focused initially on jobs and then PPI data in US and its effect on interest rate in the upcoming US Fed meeting. Also, the Middle East situation remains fluid as US launched fresh attacks on Iran and said the ceasefire was over. Meanwhile, tech sector weakness towards the end of the month contributed to more concerns on spending and debt for AI related stocks and competition from China. Volatility in the markets had increased as compared to last month.

For my top 30 holdings this month, it had been a mixed list of performance but overall tracked the market. Great Eastern, OCBC and SingTel returned to the list, replacing Far East Orchard, Koh Brothers and Straits Trading. Main contributors include UOB Kay Hian, DBS, EnGro and Jardine C&C. Detractors include Frencken, Sembcorp Industries and PM Data.

I have bought the following companies from the market this month - Anchun, AvePoint, Banyan Group, Bonvests, Bukit Sembawang Estates, Bund Center, Captii, Casa, ComfortDelgro, Credit Bureau Asia, Delfi, EnGro, F&N, First Sponsor, Heeton, Hiap Tong, HL Global, Ho Bee Land, Hock Lian Seng, Hong Fok, Hong Leong Finance, Hosen, Hotel Grand Central, Hotel Royal, IFS Capital, Indofood Agri, Intraco, IPC Corp, Jardine C&C, Karin, Koh Brothers, KSH, Metro, Mewah, MYP, Nippecraft, OUE, PNE Industries, Pollux, Raffles Medical, Sin Heng, Sing Holdings, Singapore Shipping, Singapura Finance, Straco, Straits Trading, Tuan Sing, Wing Tai, Yeo Hiap Seng and YHI. No sale trade was done.

I have participated in the following scrip dividend scheme - ISDN.

Next month will be another financial reporting season, with companies having financial year ending 31 December 2026 will continue reporting their half year results. As usual, I will be going through some of those results. I will also continue to re-invest dividends received slowly back into the markets, while remaining prudent in deploying them during these volatile times.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 July 2026)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. UOB Kay Hian

3. The Hour Glass

4. Hong Leong Asia

5. Sing Investment & Finance

6. Hong Leong Finance

7. SGX

8. Singapore Land Group

9. Hong Fok

10. DBS

11. Hotel Properties

12. UOL

13. EnGro

14. Wing Tai

15. Bonvests

16. Great Eastern

17. Stamford Land

18. Frencken

19. Jardine C&C

20. Bukit Sembawang Estates

21. OCBC

22. Multi-Chem

23. Haw Par

24. Hotel Grand Central

25. PM Data

26. Sembcorp Industries

27. ST Engineering

28. SingTel

29. SBS Transit

30. Singapura Finance

Top Holdings (US$ Denominated shares)

1. Hongkong Land
2. Jardine Matheson

3. TJ Da Ren Tang
4. 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. SingTel

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. Equatoriale Holdings  

21. China Haida

22. Chaswood Resources

My Investment Portfolio (June 2026)

STI ended mid year at around 5170 points, up around 2.6% for the month of June. Positive jobs data in US earlier in the month had triggered concerns on rate hike which had prompted some sell off, especially on tech related and AI ones after a good run last month. Developments in Middle East, new US Fed chairman and AI-related IPO stocks in US had been closely monitored by the markets as well, with US-Iran peace deal led to market recovery later before another selldown towards the end of the month. Volatility in the markets had increased as compared to last month.

For my top 30 holdings this month, most in the list did not do well, although STI was up for the month. EnGro, SBS Transit and Straits Trading returned to the list, replacing Tat Seng, Hiap Hoe and Yeo Hiap Seng. Main contributors include The Hour Glass, SGX, DBS and Haw Par. Detractors include Hong Leong Asia, UOB Kay Hian, Singapore Land Group, Koh Brothers, Far East Orchard and Jardine C&C.

I have bought the following companies from the market this month - Advanced, Asia Enterprises, Bonvests, Bund Center, Captii, Casa, Credit Bureau Asia, Delfi, EnGro, F&N, Far East Orchard, Federal International, Global Investments, Golden Agri, Goodland, Hiap Tong, Ho Bee Land, Hock Lian Seng, Hong Fok, Hong Leong Finance, Hosen, Hotel Grand Central, IFS Capital, Indofood Agri, IPC Corp, Jardine C&C, Jardine Matheson, Karin, KSH, Metro, Mewah, MTQ, New Toyo, Nippecraft, OUE, Overseas Education, Raffles Medical, Sakae, Sing Holdings, Singapore Shipping, Singapura Finance, Straco, Straits Trading, Tuan Sing, Tye Soon, Union Steel, Vicplas, Wing Tai, Yanlord and Yeo Hiap Seng. No sale trade was done.

Next month will be another AGM season, with companies having financial year ending 31 March 2026 holding their AGMs. It will also be another low dividend paying month. With STI reaching a high of around 5200 points this month, I will continue to be defensive in my portfolio positioning, with dividends being re-invested slowly and patiently back into the markets.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 June 2026)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. The Hour Glass

3. Hong Fok

4. Sing Investment & Finance

5. Hong Leong Asia

6. Hong Leong Finance

7. UOB Kay Hian

8. SGX

9. Singapore Land Group

10. Frencken

11. Hotel Properties

12. UOL

13. Wing Tai

14. DBS

15. Stamford Land

16. Bonvests

17. Sembcorp Industries

18. PM Data

19. Bukit Sembawang Estates

20. Hotel Grand Central

21. EnGro

22. SBS Transit

23. ST Engineering

24. Haw Par

25. Multi-Chem

26. Far East Orchard

27. Jardine C&C

28. Koh Brothers

29. Singapura Finance

30. Straits Trading

Top Holdings (US$ Denominated shares)

1. Hongkong Land
2. Jardine Matheson

3. TJ Da Ren Tang
4. 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. SingTel

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. Equatoriale Holdings  

21. China Haida

22. Chaswood Resources

My Investment Portfolio (May 2026)

STI ended May at 5037 points, up around 2.5% for the month. The Middle East situation had continue to drag on this month, with stalemate between the parties involved though a peace deal is said to be close to being signed. In US, CPI numbers increased as compared to previous month. Markets had also been focused on trade talks between China and US. Meanwhile, Artificial Intelligence (AI) and semiconductor rallies continue across the board. Volatility in the markets had reduced as compared to last month.

For my top 30 holdings this month, most in the list did well, tracking the market upwards. Hiap Hoe, Singapura Finance and Yeo Hiap Seng returned to the list, replacing Samudera Shipping, LHT and GuocoLand. Main contributors include Hong Leong Asia, The Hour Glass, Frencken, DBS, PM Data, ST Engineering and Bukit Sembawang Estates. Detractors include Singapore Land Group, Hong Leong Finance, UOL, Koh Brothers, Tat Seng, Jardine C&C and Haw Par.

I have bought the following companies from the market this month - Anchun, AnnAik, AP Oil, Asia Enterprises, Baker Tech, Bund Center, Captii, ComfortDelgro, Delfi, EnGro, F&N, Far East Orchard, Golden Agri, Ho Bee Land, Hock Lian Seng, Hong Fok, Hong Leong Finance, Indofood Agri, Intraco, IPC Corp, Jardine C&C, Jardine Matheson, Karin, Metro, MTQ, MYP, Noel Gifts, OUE, OUE Healthcare, Overseas Education, PNE Industries, Raffles Medical, Shopper360, Singapore Shipping, Singapura Finance, Stamford Tyres, Straco, Straits Trading, Tuan Sing, Tye Soon, Union Steel, Vibrant Group, Vicplas, Wing Tai and Yeo Hiap Seng. I have also reduced my stake in MDR Limited (warrants). 

I have participated in the following preferential offer/rights issue - MDR Limited.

I have also participated in the following scrip dividend schemes - AIMS APAC Reit, CSE Global, Global Investments, Tuan Sing, UOA and Yeo Hiap Seng.

Next month will be expected to be another quiet month, with the football FIFA World Cup ongoing and the mid-year school holidays. As usual, with the dividends received from this month, I will continue to invest 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 29 May 2026)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Hong Leong Asia

3. Hong Fok

4. UOB Kay Hian

5. Singapore Land Group

6. Sing Investment & Finance

7. The Hour Glass

8. Frencken

9. Hong Leong Finance

10. UOL

11. Hotel Properties

12. SGX

13. Wing Tai

14. Bonvests

15. Koh Brothers

16. DBS

17. Sembcorp Industries

18. Stamford Land

19. PM Data

20. ST Engineering

21. Jardine C&C

22. Bukit Sembawang Estates

23. Far East Orchard

24. Tat Seng

25. Multi-Chem

26. Hotel Grand Central

27. Hiap Hoe

28. Haw Par

29. Singapura Finance

30. Yeo Hiap Seng

Top Holdings (US$ Denominated shares)

1. Hongkong Land
2. Jardine Matheson

3. TJ Da Ren Tang
4. 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. Equatoriale Holdings  

21. China Haida

22. Chaswood Resources