Friday, June 29, 2012

29 June 2012

Equity market seemed to be quiet this month, or at least the local market was. It was reported that trading volume had been very thin. The Greece election result gave the market a boost as the risk of Greece exiting Euro Zone is averted for the moment. Then Cyprus applied for bailout and showed the world that Eurozone crisis is far from over. Market sentiment seemed to say that things are not likely to get better in the next few months.

STI recovered somewhat in thin trading volume. To me it looked more like window dressing activities as the 2nd quarter comes to the end. I don't think the index will continue to climb in the next few months. As at today, STI closed at 2880, up by 105.91 points, or 3.82% compared to last month end. My portfolio value went up by 3.77%, so in line with the market.

This month, I participated in script dividend scheme from AimsampIreit, Cambridge Industrial Reit, DBS, and rights issue by SP Ausnet. I also bought Sp Ship shares. I was given Bonus shares from Transpac. I received a total of S$4,239 in dividend. This, together with the dividend from May, was reinvested.

Going forward, my strategy of investing for yield will not change. I will continue to invest in quality companies that pay good dividend.

Here are the top 30 holdings as at end of June 2012.

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

There isn't much change in the list. SP Ausnet moved up due to new purchase. Sp Ship replaced Cosco, also due to new purchase.