30 November

This market trmoil looked set to stay for long time. Governments revised growth downwards, companies issued profit warning, laid off staff, news of companies went bust.... Political standoff in Thailand, terrorist attack in Mumbai, food scandal in China.... Oh come on, give me a break.

Portfolio continued to drop in the month of November, in line with the global volatility. Those the value on 30 November stood at S$2,646 higher than on 31 October, it was due to a new fund injection of S$9,000. Hence effectively, the portfolio dropped by S$6,352 this month.

I received S$2,000 of dividend in cash this month.

Below are the top 30 holdings:


1. ComfortDelGro
2. SPH
3. OCBC Bk
4. ST Engineering
5. DBS
6. Semb Corp
7. SP AusNet
8. Hiap Moh
9. S I A
10. SingTel
11. Sing Food
12. CoscoCorp
13. Raffles Edu
14. FrasersCT
15. F & N
16. MetroHldg
17. Celestial
18. FibreChem
19. Int-Roller
20. MIDAS
21. MacqIntInfra
22. CitySpring
23. Aztech
24. SAT Svcs
25. CapitaComm
26. SPC
27. HG Metal
28. Sp Ship
29. ChinaFlexP
30. PanUnited

DBS jumped to 5th place due to new purchase. MIIF, CapitaComm and HG Metal price dropped. SpRe, Cambridge and Food Junction dropped off the list.

31 October 2008

October Storm! As if this myth turns true, this October turned up to be the worst month for the financial market. Across the Globe, stock prices dropped to multiple year low.People now use the word Tsunami in financial sector! STI dropped to 1600 on 24 October, but managed to recover to 1790 at the end of the month.

My portfolio strunk further (sad). But the big drop provided opportunity to buy in again, only problem is the my cash is running low! AT the end of the month, my portfolio stood at S$335,000. Compared to last month, it dropped byS$97,000!!!!! and if the new injected fund of S$14,185 is taken into consideration, I lost more than S$110,000 in a month!

I received only S$671 in dividend this month.

Below are the top 30 holdings:


1. ComfortDelGro
2. SPH
3. OCBC Bk
4. Semb Corp
5. ST Engineering
6. SP AusNet
7. Hiap Moh
8. S I A
9. DBS
10. Raffles Edu
11. SingTel
12. CoscoCorp
13. Sing Food
14. FrasersCT
15. MacqIntInfra
16. CapitaComm
17. MetroHldg
18. Celestial
19. FibreChem
20. F & N
21. HG Metal
22. CitySpring
23. SAT Svcs
24. Int-Roller
25. SPC
26. SpRe
27. Aztech
28. Food Junc
29. Sp Ship
30. Cambridge

DBS is new purchase (just can't resist when it dropped to S$10). Hiap Moh price soar to S$.385 when it annouced voluntary delisting. So it will disappear from my portfolio eventually. I am sad to loss it but at least I make profit in this investment. SAT Svcs re-enter the top 30 list due to price recovery and price drop of others.

30 September 2008

The month of September looked bad for my portfolio. The global equity crisis looked as if there is no end to it. Big banks collapse, AIG almost went bankrupt, US Congress voted against the bailout plan.... I am only glad that September is finally over.

My portfolio took a bitting in this month. Portfolio value dropped by S$63,000(!), depite fresh cash injection of S$26,000. (that means total loss S$90,000).

I added Pac Andes and Tiong Woon to my portfolio this month, topped up Sembcorp, Ausnet, Fibrechem, Courage marine, and B&B, all dropped to their new lows. I also received S$2,844 in cash dividend.

Below are the top 30 holding as at 30 September:

1. ComfortDelGro
2. SPH
3. OCBC Bk
4. ST Engineering
5. Semb Corp
6. SP AusNet
7. CoscoCorp
8. S I A
9. Raffles Edu
10. SingTel
11. HG Metal
12. SPC
13. FrasersCT
14. Celestial
15. CapitaComm
16. FibreChem
17. Sing Food
18. MetroHldg
19. F & N
20. MacqIntInfra
21. CitySpring
22. Food Junc
23. Cambridge
24. Hiap Moh
25. Aztech
26. CourageMa
27. SpRe
28. Int-Roller
29. Babcock&Brown
30. Sp Ship

The big reshuffle of the top 30 holdings reflects the volatility of the market. Of course it is also partly due to new top up of some counters.

Look forward to a better Q42008.

31 August 2008

Portfolio suffered big lost of >5% in August. Portfolio value dropped below 500K to S$489,068. I continue to average down with some counters - Sp Ship, Nippecraft and SP Ausnet - never said die! I also accepted the voluntary offer to sell 10,000 of FJ shares.

This month I received S$2,834 in cash dividend and S$580 in CPF. Below are the top 30 holdings:


1. ComfortDelGro
2. SPH
3. OCBC Bk
4. CoscoCorp
5. Semb Corp
6. ST Engineering
7. Raffles Edu
8. S I A
9. SP AusNet
10. SingTel
11. HG Metal
12. Food Junc
13. FrasersCT
14. Hiap Moh
15. MacqIntInfra
16. SPC
17. CapitaComm
18. MetroHldg
19. Celestial
20. Cambridge
21. F & N
22. Sing Food
23. CitySpring
24. AllcoReit
25. ChinaFlexP
26. Aztech
27. Sp Ship
28. Int-Roller
29. SpRe
30. PanUnited

31 July 2008

Market continues to be plagued by bad news from US. The end of the volatility is still not in sight. Market indices went up and down this month, and by the end of the month my portfolio lost about S$10,000 in value.

As at 31 July 5:00pm, portfolio value reduced by S$4,102, despite injection of S$5,833. Fresh fund was injected to buy ST Engineering when it dropped to S$2.72. Script dividend from ChinaFlexP was treated like new buy.

I only received S$260 in cash dividend this month. Below are the top 30 counters:

1. ComfortDelGro
2. CoscoCorp
3. OCBC Bk
4. SPH
5. Semb Corp
6. ST Engineering
7. Raffles Edu
8. HG Metal
9. S I A
10. SingTel
11. Food Junc
12. SPC
13. FrasersCT
14. MacqIntInfra
15. MetroHldg
16. CapitaComm
17. Celestial
18. Cambridge
19. F & N
20. Int-Roller
21. Hiap Moh
22. Sing Food
23. Aztech
24. SP AusNet
25. AllcoReit
26. MIDAS
27. CitySpring
28. Ferrochina
29. FibreChem
30. KS Energy

ChinaFlexP and SAT svcs dropped off the list after post Ex div price drop. Ferrochina and KS Energy replaces them due to price surge in the last week.

30 June 2008

US stock post the biggest monthly lost in this Month. STI also lost ground. China shares plunged... So did my portfolio. The total value lost as compared to 31 May is S$46,730, or 8%! All the news, fund houses are predicting more down side a head. Hmm... maybe time to be greedy (when others are fearful).

I bought some ST Engineering shares to average down the cost in June, injetting fresh fund of S$5,880. I received cash dividend of S$1,256.67 and CPF dividend of S%560 in this month.

Below are the top 30 holdings:


1. CoscoCorp
2. ComfortDelGro
3. SPH
4. OCBC Bk
5. Semb Corp
6. Raffles Edu
7. ST Engineering
8. HG Metal
9. S I A
10. SingTel
11. Food Junc
12. SPC
13. MacqIntInfra
14. Celestial
15. MetroHldg
16. FrasersCT
17. CapitaComm
18. Cambridge
19. Int-Roller
20. F & N
21. Hiap Moh
22. MIDAS
23. Aztech
24. Sing Food
25. SP AusNet
26. ChinaFlexP
27. AllcoReit
28. CitySpring
29. FibreChem
30. SAT Svcs

Ferrochina dropped off the list and was replaced by Fibrechem.

31 May 2008

The month May saw 2 major disasters happened in China (Sichuan/Wenchuan) and Myanmar. Many lives lost, many survivors lost their love ones, their entire procession. These acts of God remind us that while money or material asset are important, they are not 100% dependable. God only is our guarantee.

Inflation keeps going up, food and petrol prices continue to be major concerns, but the stock market somehow recovers a bit from its low. STI stands near 3,200 again.

My portfolio recovers with the market, those I am still in RED (that is, not taking consideration of dividends received). There are some movement in the porfolio too. Hartford Edu is gone through volunteerily delisting. I sold them back to the company in exchange of Raffles Edu shares, as proposed by them (Realised loss S$5,664).

I got 807 MIIF shares through the script dividend scheme. I was also award 2000 bonus shares from Singapore Reinsurance. I bought SingTel(CPFIS), Midas and SPH shares in this month (top up).

Compared with 30 April, the value of my portfolio rose by S$33,000 to S$572,433.37. New fund injected was S$21,557 (incl. the dividend script from MIIF).

In this month, I received S$7,576.10 of dividend. Below are my top 30 holdings:

1. CoscoCorp
2. ComfortDelGro
3. OCBC Bk
4. SPH
5. Semb Corp
6. Raffles Edu
7. S I A
8. HG Metal
9. SingTel
10. SPC
11. MacqIntInfra
12. CapitaComm
13. Celestial
14. FrasersCT
15. Food Junc
16. MetroHldg
17. ST Engineering
18. Int-Roller
19. Cambridge
20. Hiap Moh
21. Aztech
22. F & N
23. MIDAS
24. SP AusNet
25. Sing Food
26. Ferrochina
27. AllcoReit
28. CitySpring
29. SAT Svcs
30. ChinaFlexP

MIDAS and SAT are the new comers, replacing Hartford and Fibrechem. Raffles Edu and SingTel move up the rank through new acquired shares, while Cosco regain top spot asComfortdelgro declines due to high oil price.

30 April 2008

Noise, lot of noise! One day someone would say "the worst is over", yet another day someone would say "we may be facing worst recession in 30 years". So this is the current market situation.

Ignore the noise, stick to value and long term investment. I continue to buy in small amount. Top up Cosco and ST Engineering this month.

Compared with March, the portfolio made a slight recovery. Total value now stands at S$539,425. It grew by S$7,727 this month(discounted the injected fund).

I received S$65.00 of dividend from Raffles Education in this month. With a few counters went XD last few days, I shall look forward to receive more dividend in May.

Below are the top 30 holdings:

1. ComfortDelGro
2. CoscoCorp
3. OCBC Bk
4. SPH
5. Semb Corp
6. S I A
7. SPC
8. HG Metal
9. CapitaComm
10. Food Junc
11. MacqIntInfra
12. ST Engineering
13. Int-Roller
14. FrasersCT
15. Raffles Edu
16. MetroHldg
17. Celestial
18. Cambridge
19. Hiap Moh
20. F & N
21. Hartford
22. Aztech
23. SP AusNet
24. Sing Food
25. FibreChem
26. SingTel
27. AllcoReit
28. ChinaFlexP
29. Ferrochina
30. CitySpring

31 March 2008

31 March 2008

Market volatility continues and trends downwards. The mini-rally towards the end of the month was not enough to lift the portfolio in positive territory. I continue to buy in stocks in small amount. Bought MIIF and G K Goh this month.

My portfolio decreased by S$18,373 this month, depite the new funds injected (S$9,400). I received a total dividend of S$914.60 in the month of March.

The top 30 holdings are:

1. ComfortDelGro
2. CoscoCorp
3. OCBC Bk
4. SPH
5. Semb Corp
6. S I A
7. Int-Roller
8. Food Junc
9. SPC
10. CapitaComm
11. HG Metal
12. FrasersCT
13. MacqIntInfra
14. MetroHldg
15. Raffles Edu
16. Celestial
17. F & N
18. Hiap Moh
19. Cambridge
20. Aztech
20. Hartford
21. ChinaFlexP
22. SP AusNet
23. Sing Food
24. SingTel
25. AllcoReit
26. SAT Svcs
27. MacCookIReit
28. FibreChem
29. SpRe
30. ST Engineering

29 February 2008

Market volatility continues in the month of February. STI index recovered slightly from the nosedive in January. Bad news from US and good corporate results locally tussles to and fro, at the end of the month, value of portfolio increased only slightly to S$538,301.82 (by S$13,778.82 or 2.63%). Below are the top 30 holdings:

1. CoscoCorp
2. ComfortDelGro
3. OCBC Bk
4. Semb Corp
5. SPH
6. Int-Roller
7. S I A
8. SPC
9. HG Metal
10. Raffles Edu
11. FrasersCT
12. Food Junc
13. CapitaComm
14. MetroHldg
15. Hiap Moh
16. Hartford
17. Cambridge
18. F & N
19. Aztech
20. Celestial
21. MacqIntInfra
22. ChinaFlexP
23. SP AusNet
24. FibreChem
25. Sing Food
26. Babcock&Brown
27. SingTel
28. AllcoReit
29. SAT Svcs
30. MacCookIReit

Koda, Pacific HC and CitySpring got dropped off the list, and are replaced by FrasersCT, AllcoReit and MacCookIReit.

This month, I receive Bonus shares from HG Metal. I also received S$1,596.30 of dividend.

31 January 2008

The market continued to be clouded by volatilities and bad news. Major markets around the Globe continued their fall. Fed cut rate twice (.75% and .5% respectively) but failed to instill calm into the market.

Portfolio lost much ground in this month. As at 31 January, total value stands at S$528,070.98. compared with the value S$545,791.78 on 31 December 2007, the difference may seem small. That is because I injected S$68,680 to purchase(or top up) some beaten down stocks. So the portfolio value actually reduces by S$86,400.80 this month alone.

There are now 48 stocks in the portfolio. The top 30 holdings are:

1. CoscoCorp
2. ComfortDelGro
3. OCBC Bk
4. Semb Corp
5. SPH
6. Int-Roller
7. S I A
8. Food Junc
9. HG Metal
10. SPC
11. CapitaComm
12. MetroHldg
13. Raffles Edu
14. Aztech
15. F & N
16. Cambridge
17. Celestial
18. Hiap Moh
19. Hartford
20. MacqIntInfra
21. Koda
22. ChinaFlexP
23. SP AusNet
24. Babcock&Brown
25. Sing Food
26. FibreChem
27. Pacific HC
28. SAT Svcs
29. CitySpring
30. SingTel

SIA is the new comer in my portfolio. I have long wanted to own a part of this great company. The fall in share prices finally provided the opportunity.

In this month, I received S$288 of dividend, from Singtel and SFI.

Dividends in 2007

For the year 2007, I received a total of $24,433 dividends in cash, from the shares I hold. This excludes the dividend received in CPA OA shares and Unit Trust. Taking the portfolio value on 31.12.2007(includes PanU and Ellipsiz), this represents a good 4.8%, which is higher than 3.8% in 2006.

The two counters that gave very high dividens are Hiap Moh and Sg Ship. Other counters like Metro Holdings, Comfordelgro, SATservic gave also good dividends of 6% and above.

Unit Trust portfolio

My UT portfolio had an average growth of 15.39% in the year 2007. Best performer was FS Global resource fund which grew 45.9%. HSBC BRIC fund, Schroder BRIC Fund Aberdeen China Opportunity Fund, LC China Growth Fund, and UOB Gold and General fund all return more than 30%. LC Japan Growth Fund was the poorest performing fund with a -12.61%, followed by Henderson AP Property Equity Fund with -0.93% and Infinity Global Index Fund with 0.97%.

As a whole the portfolio performance was satisfactory. Hope it continue to do well in 2008.