Friday, September 30, 2022

My Investment Portfolio (September 2022)

STI ended 3rd quarter of the year at around 3130 points, down around 3% as compared to last month. Markets had been on Fed watch during the course of the month, with expectations on the eventual size of rate hike driving market movements. Fed eventually hiked rates by 75 basis points but indicated a more hawkish range as previously expected by markets. Locally, inflation numbers was higher than expected and coupled with the latest property cooling measures announced near the end of the month, added to market weakness and volatility. Interest rate sensitive stocks like REITs and property stocks were badly beaten down this month. It was certainly red ink all over the place, with few places to shelter. 

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

For my top 30 holdings this month, most stocks were in the red. Samudera Shipping was a big loser in the list, as investors were concerned on shipping rates adjusting down going forward. The two REITs in the list, namely CapitaLand Ascendas REIT and CapitaLand Integrated Commercial Trust were also badly sold down. Property related stocks didn't do that well either, with the likes of Hong Fok, Metro Holdings, Wing Tai, Bukit Sembawang Estates, Singapore Land Group etc all losing ground. GK Goh though, outperformed the rest in the list due to their share buyback activities.

I have bought the following companies from the market this month - AF Global, Amara, Brook Crompton, Bund Center, ComfortDelgro, Credit Bureau Asia, F&N, Far East Orchard, Frasers Property, GK Goh, Global Investments, Hong Leong Asia, Hong Leong Finance, Hongkong Land, Hotel Grand Central, Hotel Royal, Indofood Agri, Isetan, Khong Guan, Koh Brothers, Mandarin Oriental, Metro, Noel Gifts, Riverstone, SBS Transit, Sinarmas Land, Singapore Land Group, Singapura Finance, Tan Chong International, TC Auto, TIH, Trendlines, Tuan Sing, Wing Tai, Yanlord and Yeo Hiap Seng. No sale trade was done.

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

I have accepted the following voluntary delisting/cash offers this month - AIMS Property, Allied Tech and GYP Properties. My stake in Excelpoint had also been acquired via Scheme of Arrangement.

Next month, companies with financial year ending 30 June 2022 will be holding their AGMs. As usual, I will attend some of these AGMs to get updates from companies and also catch up with fellow investors. With markets having fallen sharply this month, it is certainly a good time to do some bargain hunting. Having said that, care should be taken not to commit too much in one go, as volatility will still persist in markets. Time averaging should be the strategy to spread out one's purchases. 

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 September 2022)

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

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 Lyonnais said...

Hi Mr Chua,

Do you own any shares of Q&M, ThaiBev and UG Healthcare?

What’s your take on them? For UG healthcare it seems they are currently under their NCAV at the moment - so looks pretty cheap. What are your thoughts?


10:42 PM  
Blogger ghchua said...

Hi Lyonnais,

I only hold a small position in ThaiBev. I don't hold the other two stocks though, so can't comment much on them as I didn't look into them.

For ThaiBev, I am still concerned about their high gearing due to previous purchases.

I haven't looked at UG Healthcare as my main position for gloves companies is in Riverstone.

11:22 PM  
Blogger faith said...

Dear Gh Chua,

Do you still buy VICOM & MICRO-MECHANICS, what do you project of their prospects, please? Thank you.


9:37 PM  
Blogger ghchua said...

Hi Faith,

I have not been buying both stocks lately because I felt that they were fairly valued by the market. Prospects wise, I think both are still decent but don't expect much growth from them going forward.

11:28 PM  
Blogger faith said...

Gh Chua,

Thank you. I appreciate it.


8:33 PM  

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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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