Thursday, March 31, 2011

31 March 2011

The world's attention this month was surely on Japan, after the triple blow from a 9.0 magnitude earthquake, a tsunami and the treatening meltdown of the nuclear reactors in Fukushima. Meanwhile the unrest in Middle East continues, with the Western Power establishing a no-fly zone over Lybia and bombarded Col. Gadaffi's forces. Stock market tumbled after the 3-11 Quake hit Japan and hit the lowest point on18 March. However market recovered somewhat in the last week of March.

STI when down and up in tendem with the global market, but ended in positive territory for the month of March. After trading close today, STI stands at 3,105.85, up 3.17% from February End. My portfolio went up by 2.67% (excludes fund injected), under performed the STI.

When the market was down, I tried to buy some stocks. I managed to buy AscendasIReit, topped up Pacific HC and Metro. I participated in the right issues of Global Investment, and received shares from Pac Andes through Script Dividend scheme. I received S$2,240 in cash dividend.

From the top holding list, there are some re-positioning in the mid-field due to relative price movement. Overall there are not much changes, except ASL Marine was replaced by UE.

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

Going forward, I shall be investing mainly in the dividend stocks and adopt a more defensive stance. I will also try to build up my cash position, since STI has reclaimed 3,100 level. With the crisis in Japan and M.E. unsettled, opportunities may arise anytime....