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.