28 February2011

The political turmoil in Middle East and North Africa, coupled with inflation fear affected the stock market badly. STI showed the worst performance since the last financial meltdown. The good news is that most of the corporate results published were good. IMHO, this is not another financial crash but a correction.

STI dropped 6.25% for the month of February. My portfolio dropped 5.63%, slightly better. I did not buy much shares this month, because I was bogged down by work, and was on business trip in Europe last week. The only purchase was Cache. I received S$2,500 in dividend this month.

I will be very busy next month also. Hope that I can't squeeze some times in between my schedule to dig out some good buy. Otherwise I will just sit tight and ride through the correction wave. Below are the top 30 holdings as at 28 Feb. Not much changes except at the bottom of the table.

1.   SPH
2.   OCBC Bk
3.   Semb Corp
4.   ComfortDelGro
5.   DBS
6.   ST Engineering
7.   F & N
8.   SP AusNet
9.   SIA
10. SembMar
11. Starhub
12. SGX
13. CoscoCorp
14. Kep Corp
15. CitySpring
16. FraserComm
17. Noble Group
18. CapitaLand
19. MetroHldg
20. DBS STI ETF 100
21. Yangzijiang
22. SATS
23. MacqIntInfra
24. CapitaComm
25. MapletreeLog
26. FrasersCT
27. AscottReit
28. ASL Marine
29. CWT
30. SuntecReit