31 August 2013

August has not been a good month for stock investers in Asia. Fear that US will scale back their easy money policy soon and the treat of a US-lead UN military action in Syria rock the global stock market. Value of Rupee, Rupiah and Ringget depreciated in recent months Hot money flowing out of Asian emerging markets like Thailand and Phillippines. Alls these news are not good for stock market.

China Minzhong was ambushed by a US short seller, whose report accused CMZ of fabricating customer report. The report sent CMZ shares tumbled 50%. I am lucky that I am not vested in CMZ. Not that I am smart, but I paid my lesson fees in Ferrochina shares.

For the month of August, STI dropped 192.99 points, or 5.99% to end at 3,028.94 yesterday. The value of my portfolio dropped almost in step with STI, or 5.72%. It also entered into negative terretory in term of P&L this month, if I ignore the dividends collected.

I bought into Boustead, LippoMalls and CapitaLand shares this months. I also received some MapletreeLog shares through script dividend scheme. I received S$18,000 of dividend this month, which I reinvested.

I have instructed CPF Board to transfer all my CPFIS stocks to my CDP account. I have received a letter from DBS to agree to charging the transfer fee from my account with them and close the CPF investment account. All investment done with CPF funds will become cash investment. CPF was kind enough to remind me that after being transferred to me, these investment are no longer protected from my creditors. That means if I should become a bankrupt, my creditors can take from me these investment, whereas they are protected when they were under CPF.

Below are the top 30 holdings as at 30 August.

1.   SPH
2.   OCBC Bk
3.   ComfortDelGro
4.   DBS
5.   Semb Corp
6.   ST Engineering
7.   SP AusNet
8.   Starhub
9.   SGX
10. FraserComm
11. CapitaLand
12. MetroHldg
13. SembMar
14. CitySpring
15. Nikko AM STI ETF 100
16. CapitaComm
17. Sing Inv
18. Kep Corp
19. Sabana Reit
20. GlobalInv
21. Ascendasreit
22. SATS
23. MapletreeLog
24. SIA
25. Yangzijiang
26. AIMSAMPIReit
27. FrasersCT
28. LippoMalls
29. PanUnited
30. Asian Pay TV Tr

LippoMalls replaces Sp Ship after I top up the shares.

31 July 2013

After falling for two consecutive months (May and June), the stock market stabilised and recovered in July. As the fear that Fed stopping easy money policy gets over, investors' confidence seems to return. STI recovered some losses in the month. At the end of July, STI rose 95.01 (3.02%) to close at 3245.45.

My portfolio did not do as well as STI, its value only rose 2.26%. This is mainly due to poor performance of property related counters and some Reits.

This month I bought some CapitaLand shares when its price dropped to nearly $3. I also received GIL shares from rights subscription. I accepted the cash offer for my Food Junction shares as I feel that the counter does not fit into my investment objective anymore.

Not many companies pay dividend in July. Thanks to my income funds (UT), total dividend received in July still reached S$3,000. I shall look forward to better dividend payout in August.

Talking about unit trust, I sold all the unit trust bought with CPF-OA this month. That is because I will be turning 55 next month and will be able to withdraw my CPF-OA. I sold the unit trust so that I can withdraw the cash for other investment opportunities. I have also instructed CPF Board to transfer all my shares in my CPF investment account to CDP.

Below are the top 30 holdings as at 31 July 2013.

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

CapitaLand and GlobalInv moved up due to top up. ComfortDelGro had some positive price movement.