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Saturday, December 31, 2016

My Investment Portfolio (December 2016)

STI ended the year pretty much the same as the start of the new year, with a late rally towards the end of the year in the 4th quarter after the US Presidential election helping it. For December, it was pretty much a quiet month as usual with not much news flow and trading activities. This was expected as most investors were on their year end holidays and fund managers closing their portfolios for the year.

For this month, I have attended the following AGMs/EGMs/briefings - Natural Cool, Broadway, AIMS Property and Second Chance.

For my top 30 holdings, not much changes due to the quiet trading activity this month. For the year, it had been quite a few changes but the core of the portfolio remains intact. Among my core holdings, Jardine Strategic did very well this year, posting return in excess of 20%.

I have bought the following companies from the market this month - Amara, Broadway, CapitaLand, CDL H Trust, China International, Delfi, F&N, Far East Orchard, Fraser Logistics & Industrial Trust, GK Goh, Great Eastern, Heeton, Ho Bee, Hong Leong Finance, iFAST, M1, Nikko STI ETF, SBS Transit, SingTel, Straits Trading, UIC and Wheelock Properties. I have also closed my positions in A-Smart, AA Group, Abundance International, EpiCentre, Natural Cool, TMC Education, VGO and Yuexiu Properties.

I have participated in the following scrip dividend scheme this month - AusNet Services. I have also participated in the following rights issues - ASL Marine and AA Group.

It had been a volatile and tough investing journey in 2016 for me. Hopefully, 2017 will be a better year for all investors out there. I take this opportunity to wish all my readers a Happy New Year and more investment returns in 2017!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 December 2016)

Top 30 Holdings (Sing$ Denominated shares)
1. United Engineers
2. Jardine C&C
3. Metro Holdings
4. Bonvests
5. Haw Par
6. Sarine Technologies
7. Keppel T&T
8. Hotel Grand Central
9. Hotel Royal
10. Old Chang Kee
11. Hong Fok
12. UOL
13. Singapura Finance
14. Hotel Properties
15. A-REIT
16. SGX
17. Bukit Sembawang Estates
18. GK Goh
19. Far East Orchard
20. Hong Leong Finance
21. Hiap Hoe
22. Sing Investment & Finance
23. Stamford Land
24. ComfortDelgro
25. The Hour Glass
26. Colex
27. CapitaLand
28. Tat Seng
29. Isetan
30. First REIT

Top 5 Holdings (US$ Denominated shares)
1. Jardine Strategic
2. Hong Kong Land 
3. Mandarin Oriental  
4. Dairy Farm
5. Jardine Matheson

Top Holdings (HK$ Denominated shares)
1. Shangri-La Asia 
2. Fortune REIT

Top Holdings (Aust$ Denominated shares)
1. AV Jennings

Top 5 Holdings (CPF OA investment)
1. Keppel Corp
2. Streettracks STI ETF
3. CapitaMall Trust
4. A-REIT
5. Challenger Technologies

My Hong Kong Stock Portfolio
1. Peace Mark Holdings - Under Voluntary Liquidation

My Australia Stock Portfolio
1. GPS Alliance Holdings Limited

My Unlisted Company Portfolio
1. Automated Touchstone Machines Ltd
2. Iconic Global Limited
3. Dongshan Group Ltd (formerly known as Greatronic Limited)
4. General Magnetics
5. Fastech Synergy
6. Beauty China- Under Liquidation
7. Memory Devices
8. Jurong Tech - In liquidation - Compulsory winding up (Insolvency)
9. FM Holdings
10. Zhonghui - In liquidation - Compulsory winding up (Insolvency)
11. FerroChina - Under Liquidation
12. FirstLink Investments
13. NEL Group
14. Jets Technics
15. Guangzhao Industrial Forest - In liquidation - Compulsory winding up (Insolvency)
16. Hongwei Technologies Limited (In Provisional Liquidation)
17. FDS Networks Group
18. Aussino Group - In liquidation - Creditors' voluntary winding up
19. China Oilfield Technology
20. China Milk Products Group - Under Liquidation
21. Pacific Healthcare

My Unit Trust Portfolio:
http://www.fundsupermart.com/main/community/Portfolio_View.svdo?id=P199
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10 comments:

  1. Everlearning4:33 PM

    Hi ghchua,

    Looks like Aztech could get away with this delisting and pretty soon, after that its name would be changed, and their dealings and deeds would be forgotten.

    This is just one of the bad companies that I have shares with, and submitting the delisting offer would incur a great loss at the very start of the Rooster year. I really dislike the thought of holding an unlisted company, especially this one that will continue to give me unduly displeasure.

    I suppose retail investors like us have no choice in addressing issues as such where companies take the delisting path to write-off their losses without qualms: or for other reasons. On the other hand, there are companies who delisted honestly and departed happily.

    Wishing you a great Rooster year! Press on!



    ReplyDelete
  2. ghchua8:15 PM

    Hi Everlearning,

    For Aztech, though the delisting resolution had been passed, for actual delisting to take place, they still need 50% of the shares to accept the exit offer. So, it is still not game over yet. Just hope that they could not get more than 50% acceptance and Aztech will stay listed. Fingers crossed.

    ReplyDelete
  3. Everlearning8:48 PM

    Hi ghchua,

    Yes, I am praying that it won't go through and that Companies won't behave like scaremongers. Just like my experience with K1 Ventures, Eastern Holdings, etc.

    Thanks for assuring me that the game is not over yet. Retail investors must not give in to their nonsensical delisting demand.


    ReplyDelete
  4. ghchua7:34 PM

    Hi Everlearning,

    Unfortunately, they have managed to secure more than 50% and the exit offer is now unconditional and they will be delisted soon.

    http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementLast3MonthsSecurity&F=R7DGUO8ATW2C84K5&H=6e5f56dc6d01e5bef75e1cccf7e0ae2c951d72b11a8f2b4ccfe78779c5d0660e&fileId=Announcement%20-%20Info%20for%20Shareholder.pdf

    ReplyDelete
  5. K12:40 AM

    Hi GH,

    Are you not concerned with the liquidity of the Hong Leong Finance counter? Or are you satisfied with the value you see and believe you will hold it for a long time.

    Thanks.

    ReplyDelete
  6. ghchua9:20 PM

    Hi K,

    I don't think Hong Leong Finance is that illiquid, though I must admit that the liquidity is lower than banks. Being the largest finance company listed on SGX, it has more liquidity than the other two.

    Therefore, I am not concerned about the liquidity. Rather, I believe in value of a stock which can be very liquid when interest is there but in the meantime, stay not so liquid as most investors are not interested.

    Value in Hong Leong Finance is there. It is trading below NTA and also pays a dividend.

    ReplyDelete
  7. Sunny2:10 AM

    Dear Chua

    恭喜发财！D
    o you have Tat Hong? Its so quite now and the price is so low. Wonder it cld survive in the future? May I have your view about it?

    thanks

    ReplyDelete
  8. Sunny12:33 PM

    Dear Chua Shifu

    Saw you bought G K GOH, any interest in UOBKH? Which is better? Thought UOBKH may be bought over one day by its SSH...

    tks

    ReplyDelete
  9. ghchua8:01 PM

    Hi Sunny,

    For Tat Hong, I took up the rights issue but didn't apply a lot of excess rights shares. I think the challenges in the crane and equipment biz is still there especially they are exposed not only in S'pore but also in Australia. The rights issue will solve some of their working capital problem but it is not a long term solution. Biz still have to recover in order for it to achieve greater heights.

    ReplyDelete
  10. ghchua8:05 PM

    Hi Sunny,

    I bought UOBKH in Jan 2017. Please refer to my latest blog post.

    I like both companies, though I prefer GK Goh because they are an investment holding company while UOBKH is a brokerage biz which is more volatile due to market conditions. UOBKH had done well in Thailand and they are one of the largest retail broker in S'pore. They do have the scale and ability to grow bigger regionally. However, broker biz is a credit biz so do monitor their credit risk closely.

    ReplyDelete