31 March 2010

The global economy seems to be on route to recovery. Corporates reported good earning in the past quarter. The US stock market rose steadily, depite the crisis reported from the Euro zone. STI rose 136.6 points (or 4.9%) in the whole month. If not for today's correction (yet to find out why the market corrected so much today) it would have ended above 2900.

As the index got higher, I became more cautious in buying stocks. This month, I only injected S$7,400 into the portfolio. I subscribe to FCOT CPPU and script dividend from Cambridge Industrial Trust and Pac Andes. Net of the fund injetted, portfolio rose by 5.14%. I received S$1,368 cash dividend also. Below are the top 30 holdings.

1.   SPH

2.   ComfortDelGro
3.   OCBC Bk
4.   DBS
5.   Semb Corp
6.   ST Engineering
7.   SP AusNet
8.   F & N
9.   CapitaLand
10.  CitySpring
11.  SGX
12.  Starhub
13.  SembMar
14.  FraserComm
15.  SAT Svcs
16.  Kep Corp
17.  SIA
18.  CoscoCorp
19.  SSH Corp
20.  FrasersCT
21.  CapitaComm
22.  MapletreeLog
23.  Aztech
24.  AscottReit
25.  MetroHldg
26.  SingTel
27.  Yangzijiang
28.  Pac Andes
29.  UE
30.  Sp Ship

As compared with last month, the top 30 holdings are little changed. Pac Andes re-enter due to price increase and the new units bought through dividend. SuntecReit was squeezed to 31st position. In the near future SSH will disappear due to KS Energy's business consolidation plan (approved during AGM).
 
In the coming month, I will continue to look up for value stock to build up the portfolio, but will be cautious because STI has run up quite a lot.