31 December 2009

The year 2009 finally comes to its end. In this eventful year, the stock market surprised the world positively. the sharp V shape recovery of the equity market was never predicted by or foresenn by anyone. Who had expected such a recovery?

The strategy of staying invested and buy into the market when it was down at the bottom paid off. As at today, I haved re-couped all losses from the stock market (taking into account of dividends received). My UT portfolio even shows a +8% profit.

Everyone is saying (or at least many "gurus") that the index will edge up further in 2010. but for me, I intend to go more "defensive"- meaning I will invest more in defensive stocks that pays good dividend. Reason? I have reached 50 and I feel that it is time to go more defensive and generate more alternate source of income.

Back to Dec 2009. STI soar 165.5 points to end at 2897.62 at the end of the year (month). My portfolio value grew a stella S$69,615. This included fresh investment of S$25,525. So effectively I made S$44,100 in capital gain. Besides, I received S$7,500 in cash dividend. I bought Capitaland share (finally got the big C) and top up SPH shares when price dipped after XD. I participated in rights subscriptions in MIT (now AIMSAMPIREIT) and Pteris.

Below are the top 30 holdings as at the end of Dec 2009.

1. SPH
2, ComfortDelGro
3. OCBC Bk
4, DBS
5. ST Engineering
6. Semb Corp
7. SP AusNet
8. F & N
9. CitySpring
10. Starhub
11. SAT Svcs
12. SembMar
13. FraserComm
14. SIA
15. CoscoCorp
16. CapitaComm
17. FrasersCT
18. Capitaland
19. SSH Corp
20. SingTel
21. Yangzijiang
22. AscottReit
23. MetroHldg
24. MapletreeLog
25. Aztech
26. Sp Ship
27. Tat Hong
28. KS Energy
29. ASL Marine
30. SMRT

Comparing the list with that from November, one can see the the market is no longer as volatile. the top 10 positions hardly changed. Capitaland is a new member in my portfolio (bought when price dipped below 4). Mida was pushed down to position no 31.

Exercise Warrants for the First Time

Call it luck, call it blessing...

I realised that I had 2,000 warrants from Transpac in my portfolio, with exercise price of S$1 one day before XD! With the dividend of 40cts declared by Transpac, it seemed too good an opportunity to miss. (Simple calculation: Pay $2,000 for 2 lots of Transpac shares worth $3,800.)

I called up the agent and was informed that if I submit the form and cashier's order by the "record date", i.e. 10 December, I would still be entitled to the dividend. Well I did just that - with help from my wife who works in Shenton Way.

Besides the profit made, now I have a better idea on Warrant exercising.

30 November 2009

The initially "no event" November month was suddenly rocked by the Dubai Crisis on 27.11.09. STI was spared because 27 was a public holiday. However, when market resumed on 30.11.09, STI dropped more than 1% while the rest of Asia recovered. STI ended this month at 2732.12, still 80 points higher than October.

My portfolio gave up almost all the gains on the last day of trading. Compared to the last month, portfolio value rose only S$275. There is a negative net cashflow 0f S$1,085 into the portfolio. So effectively portfolio rose by S$1,160.

I sold off Tiong Woon after holding the shares for more than a year. After deciding that this counter isn't going to grow much further and isn't going to give good dividend.

I receive S$2,073 in cash dividend this month.

The top 30 counters made little changes. Tiong Woon and Raffles Edu dropped off, SMRT and Midas took their place at the bottom of the table.


1. SPH
2. ComfortDelGro
3. OCBC Bk
4. DBS
5. Semb Corp
6. ST Engineering
7. SP AusNet
8. F & N
9. CitySpring
10. Starhub
11. SAT Svcs
12. FraserComm
13. SembMar
14. CapitaComm
15. SIA
16. CoscoCorp
17. FrasersCT
18. Yangzijiang
19. SSH Corp
20. SingTel
21. MapletreeLog
22. Sp Ship
23. MetroHldg
24. AscottReit
25. Aztech
26. Tat Hong
27. ASL Marine
28. KS Energy
29. SMRT
30. MIDAS

30 October 2009

Global stock market tumble in the 2nd half of October. Asian market followed the trend, including Singapore. STI ended the month at 2651.13, 21 points lower than last month. My portfolio gave up gain achieved earlier and ends up in RED this month. Though Portfolio value rose by S$8,200, it was due to fresh fund injected. I bought into AscottReit and Yangzijiang this month. Net lose of portfolio value is S$11,950.

I received S$700 dividend from OCBC this month, but in form of shares. No other cash dividend was received this month.

The top 30 holdings have little change, as the correction seemed to be across the board. AscottReit and Yangzijiang replaced Midas and Pac Andes.


1. ComfortDelGro
2. OCBC Bk
3. DBS
4. SPH
5. ST Engineering
6. Semb Corp
7. SP AusNet
8. F & N
9. CitySpring
10. Starhub
11. FraserComm
12. SembMar
13. SAT Svcs
14. SIA
15. CoscoCorp
16. CapitaComm
17. FrasersCT
18. SingTel
19. MetroHldg
20. MapletreeLog
21. TiongWoon
22. Sp Ship
23. SSH Corp
24. AscottReit
25. Tat Hong
26. Aztech
27. ASL Marine
28. Yangzijiang
29. Raffles Edu
30. KS Energy

30 September 2009

This month, stock market continues to be volatile. However, market sentiment seems to confirm that world economy is on route to recovery., though indicators are still mix. At the end of the month, STI stood at 2,672.57, rising 29.77 from last month.

My portfolio value rose by S$28,800 as compared to last month. I sold my Wilmar shares @S$6.62. I received 730 Satsvcs shares from SIA Ltd as part of their script dividend scheme. I went to the market to buy 270 Satsvcs shares to make it a lot. I bought 20,000 CitySprings shares through right issues and got some Raffles Education shares through script dividend scheme. All in all, there is a negative cash injection of S$2,887.

I received S$3,133 of dividend in cash. Below are the top 30 holdings as at 30 Sep.

1. ComfortDelGro
2. DBS
3. OCBC Bk
4. SPH
5. Semb Corp
6. ST Engineering
7. SP AusNet
8. F & N
9. CitySpring
10. Starhub
11. FraserComm
12. SembMar
13. SAT Svcs
14. CoscoCorp
15. SIA
16. TiongWoon
17. SingTel
18. CapitaComm
19. Aztech
20. MapletreeLog
21. FrasersCT
22. Sp Ship
23. SSH Corp
24. MetroHldg
25. Tat Hong
26. ASL Marine
27. Raffles Edu
28. KS Energy
29. MIDAS
30. Pac Andes

The top 10 holdings are almost the same as last month, except that Citysprings replaced FraserComm. The change is due to right issues. DBS and OCBC swopped positions. Wilmar dropped off the list since I sold the shares. HG Metal also dropped off the list due to price drop.

31 August 2009

The recent rally seems to lose its steam towards the end of August. STI ended this month at 2,642.8, giving up the gain at the beginning of the month.

Despite the STI retreat, my portfolio edged up S$24,830 this month. Fresh fund (net) injected was S$21,760, so the net increase was only S$3,000. But at least it out-performed the STI. :)

I had to sell SPC to Petrochina since they managed to get more than 90% of the shares through their offer.

I was allotted 130,000 right shares from Frasercomm Trust (10,000 excess rights).I added Wilmar in my portfolio and top up DBS.

I received S$4,609 in cash dividend and S$269 in CPF OA.

Below are the top 30 counters as at 31 August:


1. ComfortDelGro
2. OCBC Bk
3. DBS
4. SPH
5. Semb Corp
6. ST Engineering
7. SP AusNet
8. F & N
9. Starhub
10. FraserComm
11. SembMar
12. CoscoCorp
13. SAT Svcs
14. Wilmar
15. SIA
16. SingTel
17. CitySpring
18. TiongWoon
19. Aztech
20. Sp Ship
21. Tat Hong
22. CapitaComm
23. SSH Corp
24. MetroHldg
25. FrasersCT
26. Raffles Edu
27. KS Energy
28. ASL Marine
29. MapletreeLog
30. HG Metal

Wilmar is newcomer in my portfolio. Frasercomm made it through rights, Tiong Woon re-enter the board due to price surge caused by fantastic result.

There is pending right issue from CitySpring.

31 July 2009

Market sentiment and better than expected corporate news pushed the share prices higher. STI ended this month at 2,659.20.

My portfolio value went up by S$83,337 this month and stood at S$650,000. This is an increase of more than 10%.

The top 30 holding has little change. Almost all of them rose as compare with last month, with the exception of SATsvcs, which had XD two days ago. Below are the top 30 holdings:


1. ComfortDelGro
2. OCBC Bk
3. SPH
4. Semb Corp
5. ST Engineering
6. SP AusNet
7. DBS
8. F & N
9. Starhub
10. CoscoCorp
11. SembMar
12. CitySpring
13. SingTel
14. SIA
15. SAT Svcs
16. SPC
17. Raffles Edu
18. Sp Ship
19. Tat Hong
20. KS Energy
21. FrasersCT
22. CapitaComm
23. MetroHldg
24. Aztech
25. SSH Corp
26. HG Metal
27. ASL Marine
28. Pac Andes
29. MapletreeLog
30. MIDAS

There is no change in the top 11 positions!

Tat Hong, Pac Andes and CapitaComm entered the top 30 list due to either new purchase or rights shares subscription.

30 June 2009

Market when up and down in the month of June, after the fantastic run in the past two month. It did not correct very much, as suggested by some gurus. At the closing, STI stood at 2333.

My portfolio contracted a bit. As compared to 31 May, the portfolio value increase by S$9,400. However, this was due to new injected fun of S$19,350. So the net decrease is S$10,000.

Looking at the top 30 holdings movement, it reflects the market movement - sideway. SSH made it to the top 30 due to new investment, while MIDAS made it through price hike. AusNet improves its position due to rights issues. while SATsvcs due to price rise.

I bought some Tat Hong shares, after listen to its CEO talk at SME Conference. Received some OCBC shares through script dividend scheme, AusNet shares through rights issue, and bought SSH to average down the cost.

I receive S$3,098 in cash dividend and S$700 in CPF dividend(reinvested).

Below are the top 30 holdings:


1. ComfortDelGro
2. OCBC Bk
3. SPH
4. Semb Corp
5. ST Engineering
6. SP AusNet
7. DBS
8. F & N
9. Starhub
10. CoscoCorp
11. SembMar
12. S I A
13. SAT Svcs
14. CitySpring
15. SPC
16. SingTel
17. Raffles Edu
18. Sp Ship
19. KS Energy
20. SSH Corp
21. HG Metal
22. FrasersCT
23. SMRT
24. ASL Marine
25. MapletreeLog
26. MetroHldg
27. MIDAS
28. Aztech
29. FraserComm
30. Kep Corp

29 May 2009

The stock market continues its rebound in the month of May, despite the H1N1 flu pandemic and the still not so positive economic situation. Good news that the economics may have been bottoming out fuel the strong rally.

My portfolio staged a strong rally inline with the market. Compared with end April, the portfolio value increase by S$107,700. Minus the S$11,000 new investment, the value of the portfolio increased by S$96,700, or 21.5%, and stand well above the 500K mark. On top of that, I received S$6,700 in cash dividend.

I top up ST Engineering and Comfort Delgro this month. I sold Celestial at 17cents per share (realised lose of S$20,000) as it was reported that the company is facing difficulty in repaying the bonds and has to raise more than 200 million SGD by mid-June.

Below are the top 30 holdings:


1. ComfortDelGro
2. OCBC Bk
3. Semb Corp
4. SPH
5. ST Engineering
6. F & N
7. DBS
8. Starhub
9. SP AusNet
10. CoscoCorp
11. SembMar
12. S I A
13. SPC
14. CitySpring
15. SingTel
16. Sp Ship
17. KS Energy
18. Raffles Edu
19. SAT Svcs
20. FrasersCT
21. MapletreeLog
22. ASL Marine
23. MetroHldg
24. Aztech
25. HG Metal
26. SMRT
27. FraserComm
28. Kep Corp
29. Pteris Global Ltd
30. TiongWoon

30 April 2009

This month, the global stock market rebounded, though the economy is not out of the wood. Singapore Government said that the worst is for Singapore is probably over. There have been good news coming out from US as well. Just as people looked forward to a bottom out of the equity market, Swine Flu strikes! This, as what some experts say, give the world economy another dimension of risk.

Over the last few days, Swine flu has spread rapidly across the Globe. The next few weeks are crucial. If this develops to be a pandemic, then the stock market will suffer, just like during the SARS days.

However, the last 2 trading days of the month sees STI soaring to 1920. The performance on this last day was an impressive jump of 70.71 points.

I continue to buy in stocks of defensive nature and with good dividend payout. Starhub and Mapletree are the two additions in my portfolio. Well, as at today, they both do not do very well, but we are looking long term, aren't we? I also top up CitySpring.

As at 30 April, my portfolio stands at S$447,000. Compared with last month, this represents an increase of S$81,000, which includes S$31,000 of new fund injected.

Going forward, I look forward to the dividend payouts from quite a number of counters in May.

This month, I receive S$280 of dividend from DBS.

Below are the top 30 counters.

1. ComfortDelGro
2. OCBC Bk
3. SPH
4. Semb Corp
5. SP AusNet
6. ST Engineering
7. DBS
8. Starhub
9. F & N
10. CoscoCorp
11. S I A
12. SembMar
13. SingTel
14. CitySpring
15. Sp Ship
16. Raffles Edu
17. SAT Svcs
18. SMRT
19. FrasersCT
20. SPC
21. MapletreeLog
22. KS Energy
23. Kep Corp
24. Aztech
25. Celestial
26. MacqIntInfra
27. ASL Marine
28. CapitaComm
29. FraserComm
30. HG Metal
30. MetroHldg

Starhub and MapletreeLog are the new members in my portfolio. Celestial comes back due to price increase. The 3 counters replaces are MIDAS, Pteris and Pan United. They were the no.28-30 in last month.This shows that the market is less volatile this month. We have a tie on the 30th place between HG Metal and Metro Holding.

Writting off suspended shares on 31 March.

Suspended shares will be "written off" and will no longer appeared in the porfolio in next quarter. They should only re-appear when the suspension is lifted. The written off counters are:

1. Ferrochina
2. Fibrechem
3. Firechem NCPS
4. Jurong Technologie

After the write-off, my portfolio value as at 31 March 2009 is: S$366,190.

31 March 2009

Market hit a low on 2 Mar 2009 but started to recover a bit. In the 3rd week of March market rallied with the hope that the US Gov rescue plan may work. Then Obama surprised the world by asking the two US Automobile Giants (GM and Crysler) to re-work their plan or face bankruptcy. Market plunged on that news. US continued to declined on Tues night (30 March) but Asia somehow recovered on 31 March.

I continued to buy in on weakness. Finally I own shares of kepCorp, Sembmarine and SMRT. I also topped up SP Ausnet when price dropped to 66cts, and Pacific HC.

My portfolio recovered a bit. As on 31 March it stands at S$371,780. Compared with last month, it increased by S$30,520. Fresh fund injected was S$18,280. So there was a S$12,240 gain. Besides, I received S$950 in cash dividend.

Below are the top 30 holding as at 31 March 2009.

1. ComfortDelGro
2. SPH
3. OCBC Bk
4. Semb Corp
5. ST Engineering
6. SP AusNet
7. DBS
8. F & N
9. S I A
10. SingTel
11. CoscoCorp
12. SembMar
13. SMRT
14. Sp Ship
15. SAT Svcs
16. Raffles Edu
17. FrasersCT
18. KS Energy
19. SPC
20. HG Metal
21. CapitaComm
22. Kep Corp
23. Aztech
24. CitySpring
25. MacqIntInfra
26. ASL Marine
27. FraserComm
28. MIDAS
29. Pteris Global Ltd
30. PanUnited

SMRT, HG Metal and Pteris made it to the top. SMRT is new comer in my portfolio. HG Metal and Pteris price recovered a bit.

Metro, Celestial and Cambridge dropped off the list. Celestial due to price fall, Metro and Cambridge were edged out by HG Metal and Pteris.

28 February 2009

Just come back from business trip. Updated this blog a bit late.

Portfolio performed badly in February, in line with the deepening global financial crisis. As compared to January, portfolio value reduced by S$13,600, depite injecting S$18,000 of fresh fund.

I subsribed to DBS right issue and got 500 excess right shares. Took the opportunity to top up some counters, and bought Sembmarine and KepCorp. Hiap Moh and SFI disappeared from the portfolio, both due to unconditional cash offer. Sad, as they were both my good defend stock with very good dividend payout. The only consolation is both were sold above my cost.

DBS and F&N entered the top 10 listing due to new shares buy-in. The top 30 counters:

1. ComfortDelGro
2. SPH
3. Semb Corp
4. ST Engineering
5. OCBC Bk
6. DBS
7. SP AusNet
8. F & N
9. S I A
10. SingTel
11. CoscoCorp
12. Raffles Edu
13. SembMar
14. SAT Svcs
15. FrasersCT
16. Sp Ship
17. KS Energy
18. Celestial
19. SPC
20. Cambridge
21. FraserComm
22. MacqIntInfra
23. CitySpring
24. CapitaComm
25. Kep Corp
26. ASL Marine
27. Aztech
28. MIDAS
29. MetroHldg
30. PanUnited

I received S$755 cash dividend this month.

31 January

Market continues to be volatile, and I continue to buy in in small amount. In January, no cash dividend was received, only S$224 in CPF account via SingTel. Portfolio value increasd by S$14,600, but that was due to new fund injected (S$23,100). Effectively portfolio value dropped by S$9,000 in January.

Below are the top 30 holdings. ASL Marine and KS Energy are new comers due to buy-in. SATsvcs goes up also due to buy-in.

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

31 December 2008

2008 finally comes to the end. What a year of volatility. With the beginning of a new year, let's hope things (investment) will turn out better.

The market seems to be less volatile in December. The top ten counters in my portfolio had little movement, except DBS. It dropped off the top ten list because I sold half of my holding ( 1 lot only lah, talk BIG).

As compared to end of November, my portfolio rose by S$11,268 (incl the proceed from selling the 1000 DBS shares). It stands at S$338,670 as at 31 December. As compared to a year ago, this is a 38% drop. Of course the actual lost is more than this, because I injected S$175,790 in 2008. Including this, total lost in 2008 amounted to S$371,671, or 52%.

I received cash dividend of S$3,166.49 in December. Total cash dividend received in 2008 amounts to S$23,700.

Below are the top 30 counters:

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