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Friday, June 28, 2024

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

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5 Comments:

Blogger Jem said...

Hi Uncle Ghim Hock,

I noticed that you've bought Credit Bureau Asia again.

This is a stock that I am eyeing, due to the following reasons:
1. No Debt
2. YoY profit growth
3. Amazing net profit margins
4. The business seems to be a near-monopoly in SG and SEA (credit rating data provider)

However, the P/B ratio on Yahoo Finance is ~4 while the P/E is high at ~20. These ratios indicate that the stock is overvalued. Given that you are a value investor, why buy CBA at this price? Thank you!

6:02 PM  
Blogger ghchua said...

Hi Jem,

I am still a value investor at heart, but I do own some growth stocks in my portfolio. Unlike value stocks which I could buy across the board as long as I felt that they are cheap and not fraud, growth stocks are rather selective in my portfolio. Which means, I do restrict the number of growth stocks that I introduced in my portfolio, and once selected, I do keep track of them quite closely to minimize mistakes.

Credit Bureau Asia is not the only growth stock that I own in my portfolio. Others include the likes of iFAST, HRnetGroup etc.

9:41 PM  
Blogger Elizabeth said...

Mr Chua, what is your take on Second Chance's voluntary unconditional offer of S$0.30 per share in cash to take the group private.

1:31 AM  
Blogger ghchua said...

Hi Elizabeth,

I think it is a decent offer. The offer price is around NAV, which means they are paying almost full value for the company, since their assets are revalued. I don't have any issue in accepting the offer. Of course, you can wait for IFA opinion before deciding.

3:08 AM  
Blogger Elizabeth said...

Thanks a lots, Mr Chua

5:10 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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