My Investment Portfolio (March 2025)

STI briefly touched 4000 points during the last trading day of the month but ended March at 3972 points, up around 2% for the month. Markets were worried about rising tariff wars, US recession fears and Russia-Ukraine conflict progress during the earlier parts of the month. But towards the end of the month, markets staged a relief rally due to US FOMC maintaining two rate cuts for 2025. Due to many concerns, volatility also increased though it stabilised towards the end of the month.

For my top 30 holdings this month, some changes were observed. Main contributors include Sembcorp Industries, Singapore Land Group, Haw Par and UOL. Top detractors include iFAST, Hong Fok and PM Data. Great Eastern and Singapura Finance dropped out of the list while SBS Transit and CapitaLand Integrated Commercial Trust returned.

I have bought the following companies from the market this month - A-Sonic, AF Global, Avi-Tech, Baker Tech, BBR, Bonvests, Bukit Sembawang Estates, Bund Center, Chemical Industries, Chuan Hup, City Developments, Delfi, Digilife Tech, EnGro, F&N, First Sponsor, Frasers Property, Fuji Offset, Goodland, GuocoLand, Hiap Hoe, Ho Bee Land, Hock Lian Seng, Hong Fok, Hong Leong Finance, Hotel Properties, Hotung, Innotek, Jardine Matheson, Koh Brothers, KSH, Lion Asiapac, Low Keng Huat, Lum Chang, Mandarin Oriental, MegaChem, Metro, New Toyo, Nippecraft, Noel Gifts, OUE, OUE Healthcare, PNE Industries, PSC Corp, Riverstone, Shangri-La Asia, Sinarmas Land, Sing Investment & Finance, Singapore Shipping, Singapura Finance, Stamford Land, Straco, Straits Trading, Tan Chong International, Trendlines, Tuan Sing, Tye Soon, Willas Array, Wing Tai, Yeo Hiap Seng and YHI. No sale trade was done.

Next month, companies with financial year ending 31 December 2024 will be conducting their AGMs. As usual, I will try to attend some of these AGMs to get updates from my portfolio companies. With April being a traditionally low dividend paying month, I will slow down my purchases in the market in order to conserve cash for my expenses.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 March 2025)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Leong Finance

4. Sembcorp Industries

5. Sing Investment & Finance

6. LHT

7. Hong Fok

8. Hotel Properties

9. Bonvests

10. The Hour Glass

11. Multi-Chem

12. DBS

13. Singapore Land Group

14. Haw Par

15. Jardine C&C

16. PM Data

17. Far East Orchard

18. Hotel Grand Central

19. Stamford Land

20. Wing Tai

21. Samudera Shipping

22. SGX

23. Bukit Sembawang Estates

24. Yeo Hiap Seng

25. Tat Seng

26. UOL

27. SBS Transit

28. SingTel

29. F&N

30. CapitaLand Integrated Commercial Trust

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. Shangri-La Asia

2. Tan Chong International

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. Seatrium Ltd

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

My Investment Portfolio (February 2025)

STI ended Februrary at 3895 points, up around 1% for the month. STI managed to hit a new all-time high level this month even as markets were worried about tariffs and hawkish US Fed comments. In Singapore, Budget 2025, company earnings reports and MAS Equities Market Review Group proposed measures were closely watched. Due to many concerns, volatility had also increased this month.

I have attended the following physical AGMs/EGMs/briefing this month - Delfi and Wee Hur.

For my top 30 holdings this month, investors were mostly reacting to company earnings reports. Main contributors include iFAST, Sembcorp Industries, Multi-Chem, SGX, Haw Par and F&N. Top detractors include LHT, Jardine C&C and Wing Tai. Hiap Hoe dropped out of the list while UOL returned. 

I have bought the following companies from the market this month - AF Global, Alliance HC, Baker Tech, Bonvests, Brook Crompton, Bukit Sembawang Estates, Bund Center, Captii, Delfi, Digilife Tech, F&N, Far East Orchard, Frasers Property, Global Testing, GuocoLand, Hiap Hoe, HL Global, Ho Bee Land, Hock Lian Seng, Hotel Properties, Hotel Royal, Hotung, IFS Capital, Indofood Agri, Innotek, Jardine Matheson, Kingsmen, Lion Asiapac, Low Keng Huat, Mandarin Oriental, Metro, OUE, OUE Healthcare, Plato Capital, Raffles Medical, SBS Transit, Shangri-La Asia, Sing Holdings, Singapore Land Group, Stamford Land, Straco, Sunright, Tat Seng, Tye Soon, UOL, Venture and Wing Tai. I have also reduced my stake in Aspen Group and closed my position in Matex International.

Next month will be another quiet one with not much corporate activities as investors digest those full-year results from companies with financial year ending 31 December 2024. I will continue to go through some of those result announcements that I have missed out in February. With volatility increasing this month, I will continue to be more defensive in my portfolio positioning going forward.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 28 February 2025)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Leong Finance

4. Hong Fok

5. Sembcorp Industries

6. Sing Investment & Finance

7. LHT

8. Bonvests

9. Hotel Properties

10. The Hour Glass

11. Multi-Chem

12. PM Data

13. DBS

14. Jardine C&C

15. Hotel Grand Central

16. Far East Orchard

17. Stamford Land

18. SGX

19. Singapore Land Group

20. Haw Par

21. Samudera Shipping

22. Bukit Sembawang Estates

23. Wing Tai

24. Yeo Hiap Seng

25. F&N

26. SingTel

27. Tat Seng

28. Singapura Finance

29. UOL

30. Great Eastern (Suspended)

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. Shangri-La Asia

2. Tan Chong International

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. PM Data

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

My Investment Portfolio (January 2025)

STI ended the first month of the year at 3855 points, up around 1.8% for the month aided by gains during the last trading day of the month as US Fed paused interest rate cuts. Markets were worried about US Fed’s interest rate trajectory earlier this month due to inflation data and employment numbers reported. Also, US President Donald Trump’s business policies had been closely watched. Towards the end of the month, the emergence of DeepSeek seems to affect confidence in some AI related stocks.

For my top 30 holdings this month, some changes were observed as investors returned to the market. Main contributors include LHT, Multi-Chem and Singapore Land Group while Amara Holdings and F&N were among the top detractors. Metro Holdings dropped out of the list while SingTel returned. Meanwhile, Great Eastern was granted a further extension of time to comply with listing rules and remain suspended. AV Jennings, my Top Holding (Aust$ Denominated shares) had received a higher completing bid from Ho Bee Land.

I have bought the following companies from the market this month - A-Sonic, Asia Vets, Baker Tech, Bonvests, Brook Crompton, Bukit Sembawang Estates, Bund Center, Captii, CDW, Chemical Industries, City Developments, Delfi, Digilife Tech, F&N, Far East Orchard, Goodland, GuocoLand, Hiap Hoe, Ho Bee Land, Hock Lian Seng, Hong Fok, Hong Leong Finance, Hotel Grand Central, Hotel Properties, Hotel Royal, Hotung, IFS Capital, Indofood Agri, Innotek, Jardine Matheson, Karin, Khong Guan, Koda, Lion Asiapac, Lum Chang, New Toyo, Nippecraft, OUE, PSC Corp, Raffles Medical, SBS Transit, Shangri-La Asia, Sing Holdings, Singapore Land Group, Singapore Shipping, Singapura Finance, Stamford Land, Straco, Straits Trading, Tan Chong International, Tuan Sing, UOL, Venture, Wing Tai, Yanlord, Yeo Hiap Seng and YHI. No sale trade was done.

I have accepted the following voluntary delisting/cash offer this month - Courage Investment.

Next month, most companies with financial year ending 31 December 2024 will be announcing their full-year results. As usual, I will go through some of those result announcements. I will also continue to deploy my cash holdings slowly back into the markets, buying mostly value plays in the small and mid cap space plus some selected blue chip stocks. With more volatility, uncertainty and headwinds expected ahead, stock selection becomes more crucial as one attempts to navigate the markets in the Year of the Wood Snake. Gong Xi Fa Cai to all my readers out there!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 January 2025)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. LHT

3. Hong Leong Finance

4. Amara Holdings

5. Hong Fok

6. Sing Investment & Finance

7. Sembcorp Industries

8. Bonvests

9. Hotel Properties

10. The Hour Glass

11. PM Data

12. Jardine C&C

13. DBS

14. Multi-Chem

15. Hotel Grand Central

16. Stamford Land

17. Far East Orchard

18. Singapore Land Group

19. Wing Tai

20. Bukit Sembawang Estates

21. Yeo Hiap Seng

22. Samudera Shipping

23. SGX

24. Haw Par

25. SingTel

26. Singapura Finance

27. Great Eastern (Suspended)

28. Tat Seng

29. F&N

30. Hiap Hoe

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. Shangri-La Asia

2. Tan Chong International

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. PM Data

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

My Investment Portfolio (December 2024)

STI ended the year at 3787 points, up more 1% for the month and up around 17% for the year. The US Fed as expected cut rate in December but markets were surprised that they guided for lesser cuts next year. Investors sold down stocks in response to US Fed announcements but markets recovered some lost ground towards the end of the month. Volatility also increased this month.

For my top 30 holdings this month, not much changes had been observed in what had been a quiet month. Main contributors include LHT and Sembcorp Industries while PM Data continued to remain weak.

I have bought the following companies from the market this month - Alliance HC, AP Oil, Asia Enterprises, Baker Tech, Brook Crompton, Bukit Sembawang Estates, Bund Center, Chemical Industries, City Developments, Delfi, Digilife Tech, First Sponsor, Goodland, GuocoLand, Ho Bee Land, Hock Lian Seng, Hong Fok, Hotel Grand Central, Hotel Properties, Hotung, IFS Capital, Indofood Agri, Kingsmen, Lion Asiapac, Mandarin Oriental, Metro, MTQ, OUE, Overseas Education, Pollux, Raffles Medical, SBS Transit, Secura, Shangri-La Asia, Singapore Land Group, Singapura Finance, Stamford Land, Straits Trading, Tuan Sing, Tye Soon, UOL, Wing Tai and YHI. No sale trade was done.

I have accepted the following voluntary delisting/cash offer this month - Vibropower (warrants).

STI ended the year on a positive note despite another year of volatility. Again, I will be staying invested going into the new year, but will be holding onto some cash as markets seemed to have reached new highs. I will continue to work on my stock selection and portfolio management. As for physical AGMs/EGMs, I have reduced my attendance this year and will look forward to resume attending some of them next year. Hope to meet some of you out there again soon.

Wishing all my readers out there many more great returns in 2025. Happy New Year!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 31 December 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Leong Finance

4. Hong Fok

5. Sing Investment & Finance

6. Bonvests

7. LHT

8. Sembcorp Industries

9. Hotel Properties

10. The Hour Glass

11. Jardine C&C

12. PM Data

13. Hotel Grand Central

14. Far East Orchard

15. DBS

16. Stamford Land

17. Wing Tai

18. Yeo Hiap Seng

19. SGX

20. Multi-Chem

21. Bukit Sembawang Estates

22. Samudera Shipping

23. Singapore Land Group

24. F&N

25. Metro Holdings

26. Great Eastern (Suspended)

27. Hiap Hoe

28. Singapura Finance

29. Haw Par

30. Tat Seng

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. Shangri-La Asia

2. Tan Chong International

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. PM Data

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

My Investment Portfolio (November 2024)

STI ended November at 3739 points, up around 5% as compared to last month. Lead by the banks, STI is now near its all-time high level but the rest of the market continue to underperform. Early in the month, investors were digesting the US election results and its impact on interest rate. But the post election rally fizzled out as the month progressed as concerns on trade tariffs emerged though the US market still did well for the month. 

For my top 30 holdings this month, PM Data and Metro were weak after reporting their 1H25 results. DBS and SGX did well as investors were positive that interest rate will remain higher for longer. Haw Par returned to the list on the back of the strength of UOB share price performance, while REITs continued to be out of the list due to higher interest rate concerns. Jardine Matheson was the top performer in the Top 5 Holdings (US$ Denominated shares). AV Jennings, my Top Holding (Aust$ Denominated shares) had received an indicative proposal to acquire the company via scheme of arrangement.

I have bought the following companies from the market this month - ABR, Baker Tech, Banyan, Bonvests, Brook Crompton, Bund Center, Captii, City Developments, CosmoSteel, Digilife Tech, EnGro, Far East Orchard, First Sponsor, GuocoLand, Hiap Hoe, Ho Bee Land, Hong Leong Asia, Hong Leong Finance, Hotel Grand Central, Hotung, Indofood Agri, Innotek, IPC Corp, Karin, Koda, Koh Brothers, KSH, Lion Asiapac, Low Keng Huat, Mandarin Oriental, Metro, MTQ, Nam Lee, New Toyo, OUE, OUE Healthcare, Overseas Education, Raffles Medical, SBS Transit, Singapore Land Group, Singapore Shipping, Singapura Finance, Straits Trading, Tai Sin, Tuan Sing, Tye Soon, UOL, Wing Tai, Yeo Hiap Seng and YHI. No sale trade was done.

The year is coming to an end with only one month to go. With many investors going on holidays in December, I expect next month will be a quiet one as we close out the year. It is also a good time to take stock, do a review of the year and plan ahead for 2025. Wishing all my readers out there a restful holiday!

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 29 November 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Leong Finance

4. Hong Fok

5. Sing Investment & Finance

6. Bonvests

7. Hotel Properties

8. LHT

9. Sembcorp Industries

10. PM Data

11. The Hour Glass

12. Jardine C&C

13. Stamford Land

14. Far East Orchard

15. Wing Tai

16. Hotel Grand Central

17. DBS

18. Yeo Hiap Seng

19. SGX

20. Multi-Chem

21. Samudera Shipping

22. F&N

23. Bukit Sembawang Estates

24. Singapore Land Group

25. Great Eastern (Suspended)

26. Metro Holdings

27. Hiap Hoe

28. Haw Par

29. Singapura Finance

30. Tat Seng

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. Shangri-La Asia

2. Tan Chong International

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. PM Data

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

My Investment Portfolio (October 2024)

STI ended October at around 3558 points, down a bit as compared to last month. Early in the month, investors were concerned with escalating tensions in the Middle East, though some positive announcements on stimulus measures came out of China. Profit taking then set in after more details on China stimulus measures were absent. Volatility also increased towards the end of the month due to the looming US elections.

I have attended the following physical AGMs/EGMs/briefing this month - GRP, Lion AsiaPac and Teho International.

For my top 30 holdings this month, there is not much major changes except for CapitaLand Integrated Commercial Trust, which returned to the list after allocation of preferential offer units. CapitaLand Ascendas REIT dropped out after it performed in line with most other REITs as investors lowered down their rate cut expectations, resulting in selloff in the sector. Top 5 holdings for US$ denominated holdings did better, as Hongkong Land announced plans to unlock value.

I have bought the following companies from the market this month - Alliance HC, AsiaMedic, Baker Tech, Bonvests, Bund Center, Captii, CosmoSteel, Digilife Tech, First Sponsor, Frasers Property, Global Testing, GuocoLand, Hiap Hoe, Hong Leong Finance, Hotel Grand Central, Hotung, IFS Capital, Indofood Agri, Innotek, Jardine Matheson, Koh Brothers, KSH, Mandarin Oriental, Metro, MindChamps, Nam Lee, OUE, OUE Healthcare, Overseas Education, SBS Transit, Shangri-La Asia, Shopper360, Sin Heng, Sing Holdings, Singapore Land Group, Singapore Shipping, Singapura Finance, Stamford Land, Straits Trading, Thakral, Tuan Sing, UOA, Wing Tai and YHI. I have also closed my position in Jadason.

I have accepted the following voluntary delisting/cash offer this month - Silverlake Axis.

I have also participated in the following scrip dividend scheme - UOA.

Next month, the US election result will be in focus. With markets exhibiting higher volatility, I will continue to be more defensive in my portfolio positioning. Efforts will continue to be made to identify more value stocks to invest.

My S'pore Stock Portfolio - Top Holdings, cash investment only (correct as at 30 October 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Fok

4. Hong Leong Finance

5. PM Data

6. Bonvests

7. Sing Investment & Finance

8. Hotel Properties

9. LHT

10. The Hour Glass

11. Sembcorp Industries

12. Jardine C&C

13. Wing Tai

14. Stamford Land

15. Far East Orchard

16. Hotel Grand Central

17. Multi-Chem

18. Yeo Hiap Seng

19. Bukit Sembawang Estates

20. Metro Holdings

21. DBS

22. Samudera Shipping

23. F&N

24. Singapore Land Group

25. Great Eastern (Suspended)

26. Tat Seng

27. Hiap Hoe

28. Singapura Finance

29. CapitaLand Integrated Commercial Trust

30. SGX

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. Shangri-La Asia

2. Tan Chong International

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. PM Data

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

My Investment Portfolio (September 2024)

STI ended 3rd quarter of the year at around 3585 points, up around 4% as compared to last month. STI reached a 17 year high level this month as optimism came back into the markets on key export numbers and efforts to revive the local market. Also, investors cheered US Fed jumbo rate cut and China stimulus measures to revive the economy.

For my top 30 holdings this month, Isetan was out of the list after the stock had been acquired via Scheme of Arrangement. Metro Holdings returned to the list as investors accumulated China related stocks. Other main contributors include Hong Fok, Sembcorp Industries, Wing Tai, F&N, DBS and Bukit Sembawang Estates. Detractors include PM Data and Multi-Chem.

I have bought the following companies from the market this month - ABR, AP Oil, BBR, Bonvests, Brook Crompton, Bund Center, Chemical Industries, Chuan Hup, City Developments, Credit Bureau Asia, Delfi, EnGro, Far East Orchard, Hiap Hoe, Ho Bee Land, Hong Leong Finance, Hor Kew, Hotel Grand Central, Hotung, Indofood Agri, IPC Corp, Jardine Matheson, Kencana Agri, Kingsmen, KSH, Lion AsiaPac, Lum Chang, Nam Lee, New Toyo, OUE Healthcare, PNE Industries, SBS Transit, Shangri-La Asia, Singapore Land Group, Singapore Shipping, Singapura Finance, Tuan Sing, Tye Soon and Yeo Hiap Seng. I have also reduced my stake in Beng Kuang (warrants), First Sponsor (warrants) and Jadason.

My stakes in Isetan and Best World had also been acquired via Scheme of Arrangement and selective capital reduction respectively.

I have participated in the following preferential offer/rights issue - CapitaLand Integrated Commercial Trust.

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

Next month, companies with financial year ending 30 June 2024 will be holding their AGMs. As markets had advanced quite a bit this month, I will continue to invest but at a more 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 2024)

Top 30 Holdings (Sing$ Denominated shares)

1. iFAST

2. Amara Holdings

3. Hong Fok

4. Hong Leong Finance

5. PM Data

6. Bonvests

7. Sing Investment & Finance

8. Sembcorp Industries

9. Hotel Properties

10. The Hour Glass

11. LHT

12. Jardine C&C

13. Wing Tai

14. Hotel Grand Central

15. Stamford Land

16. Far East Orchard

17. Bukit Sembawang Estates

18. Samudera Shipping

19. Multi-Chem

20. Yeo Hiap Seng

21. F&N

22. Metro Holdings

23. DBS

24. CapitaLand Ascendas REIT

25. Great Eastern (Suspended)

26. Singapore Land Group

27. Tat Seng

28. SingTel

29. Singapura Finance

30. SGX

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. Shangri-La Asia

2. Tan Chong International

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. PM Data

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