Wednesday, August 31, 2022

My Investment Portfolio (August 2022)

STI ended August at 3221 points, up less than 1% as compared to last month. Rising geo-political tensions between Taiwan/US and China was the main concern during the early part of the month. Interest rate hike expectations by US Fed and inflation were also the usual concerns by the markets in the later part of the month. Volatility had increased again, as investors toggled frequently from risk-on to risk-off modes.

I have attended the following physical AGMs/EGMs/briefing this month - Mun Siong and XMH.

For my top 30 holdings this month, Jardine C&C continued its good run to move up a few more places. Wing Tai was in the news after the company reported a set of full year results that is above consensus expectations. Samudera Shipping, though was a laggard in the list. Not much changes was observed in the other stocks mainly due to lack of news flow.

I have bought the following companies from the market this month - AP Oil, Asia Enterprises, Baker Tech, Bonvests, Bund Center, ComfortDelgro, Credit Bureau Asia, EnGro, Far East Orchard, Global Investments, Goodland, Hong Leong Asia, Hor Kew, Hotel Grand Central, Hotel Royal, Hotung, Indofood Agri, Isetan, Karin, Khong Guan, Kingsmen, Lum Chang, Nam Lee, Ossia, Overseas Education, Pan Hong, Riverstone, Sinarmas Land, Singapore Land Group, Singapura Finance, Stamford Land, TC Auto, Tiong Seng, Trek 2000, Trendlines, Tuan Sing, Tye Soon, Wing Tai and Yeo Hiap Seng. No sale trade was done.

I have participated in the following scrip dividend schemes - ESR-Logos Reit, Sabana Reit, Singapore Shipping, Stamford Land and Starhill Global Reit.

Next month will be another quiet month as companies with financial year ending 30 June 2022 and 31 December 2022 had completed reporting their full year and half year results respectively. As market volatility had increased again in August, I will continue to be cautious going forward. Market movements will continue be dominated by interest rate expectations and also geo-political issues. With so much uncertainty out there, it is certainly not the time to take big risk in the markets.

My S'pore Stock Portfolio - Top Holdings, cash investment only  (correct as at 31 August 2022)

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

Top 5 Holdings (US$ Denominated shares)
1. Mandarin Oriental
2. Hongkong Land
3. Jardine Matheson
4. DFI Retail Group
5. TZ Da Ren Tang

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. CapitaLand Integrated Commercial Trust
4. Keppel Corp
5. Challenger

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. Eratat Lifestyle - In Liquidation
21. Fung Choi Media - In Liquidation
22. DMX Technologies - In Liquidation
23. Europtronic Group
24. China Sun Bio-chem Technology
25. Attilan Group
26. Transcorp
27. Koon Holdings  - Under Liquidation
28. Equatoriale Holdings



Blogger 1 said...

Hi mr chua
ComfortDelGro jus got dropped from the sti by ermperador which wasn't even in the waiting list. Whats ur take on this? Will such a move impact cdg as fund houses and institutions start off loading cdg? Thx very much

11:18 AM  
Blogger ghchua said...

Hi 1,

ComfortDelgro had been in fact mentioned as a possibility of being dropped from STI for quite sometime, and this latest move came as no surprise to me. Short term effect yes, as ETFs and index funds tracking the STI would have to sell out the stock. But I don't see big selling pressure, simply because most of the active funds had not been holding big positions in the stock for quite sometime already.

7:10 PM  
Blogger BeeT said...

Hi Ghchua,

Hope you are well.

Any thoughts about Yangzijiang Financials? Low P/B ratio and expected dividend payout of 40%, seems like a good value play here.

PS: I have read your blog for a long time though I stopped for a year or so. Have to catch up with all your past articles haha.

Stay safe and take care!

2:29 AM  
Blogger ghchua said...

Hi BT,

I am doing ok. Thanks for dropping by at my blog after an absence of one year.

I do have a small stake in Yangzijiang Financials, from distribution in specie by YZJ Shipbuilding. I guess the concern is really their lack of track record in Singapore, since they are transferring money from China to do investments here. The low PB might be an attraction, but I would rather prefer to stay with those investment companies with proven track record, the likes of Hotung, TIH, GK Goh, EnGro etc. I think with time, we will see whether they can prove the market wrong. But presently, I have no intention in adding onto my stake in Yangzijiang Financials.

3:31 AM  

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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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