My Investment Portfolio (September 2025)

STI ended the 3rd quarter of the year at 4300 points, up around 0.7% for the month, thanks to the last trading day of the month recovery. In US, focus this month had been on the labour market for signs of Fed cutting interest rate. Eventually, it was cut by 25 bps. Locally, investors were focused on the measures being rolled out by MAS in order to unlock value in SGX listed companies and also the launch of iEdge Singapore Next 50 indices.

For my top 30 holdings this month, some changes was observed. PM Data, Metro Holdings and Singapura Finance returned to the list, replacing Koh Brothers, Yeo Hiap Seng and SBS Transit respectively. Main contributors include Sing Investment & Finance, Far East Orchard, UOL and F&N. Detractors include Hotel Properties, Singapore Land Group, SingTel and Samudera Shipping.

I have bought the following companies from the market this month - A-Sonic, ABR, AP Oil, Aspial Corp, Baker Tech, Bonvests, Brook Crompton, Bund Center, Captii, Casa, CDW, Credit Bureau Asia, Delfi, Digilife Tech, EnGro, F&N, Golden Agri, Hiap Hoe, HL Global, Hong Fok, Hong Leong Finance, Hotel Grand Central, Hotung, Indofood Agri, IPC Corp, Jardine C&C, Karin, Mandarin Oriental, Metro, New Toyo, OUE, Overseas Education, PNE Industries, Shopper360, Sin Heng, Singapore Shipping, Singapura Finance, Straco, Straits Trading, Sunright, Tuan Sing, Venture, Wing Tai, Yeo Hiap Seng and YHI. No sale trade was done.

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

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

Next month, companies with financial year ending 30 June 2024 will be holding their AGMs. As markets had advanced quite a bit and continue to hit all-time highs this month, 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 2025)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Sing Investment & Finance

3. Hotel Properties

4. Hong Leong Asia

5. Singapore Land Group

6. Hong Leong Finance

7. The Hour Glass

8. Hong Fok

9. Bonvests

10. Sembcorp Industries

11. Stamford Land

12. UOL

13. Far East Orchard

14. Wing Tai

15. LHT

16. SGX

17. Jardine C&C

18. DBS

19. UOB Kay Hian

20. PM Data

21. Multi-Chem

22. Bukit Sembawang Estates

23. Haw Par

24. SingTel

25. Metro Holdings

26. F&N

27. Global Testing

28. Hotel Grand Central

29. Singapura Finance

30. Samudera Shipping

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 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. Transcorp - In liquidation - Compulsory winding up (Insolvency)

21. Equatoriale Holdings  

22. China Haida

23. Chaswood Resources