30 September 2014

Regional conflicts in Middle East, Ebola crisis in Africa, unfavourable business data from Europe and China, all these negative factors weighed on the equity market in September. The latest development in Hong Kong doesn't help at all. STI dropped 50.35 points, or 1.51% in the month, to end at 3276.74 at the end of the month. My portfolio did worst, its value drop 2.02% in the month.

Will the market continue with the down trend in October? Or worst still, will the 2007 market melt down repeat itself since, as some Gurus claim, the 7 year cycle is due? Well, I don't have a crystal ball for that. I will just stick to my plan and seek out undervalue stocks to invest, while maintaining a "war chest" for any opportunity which may appear.

This month, I received quite a number of shares through scrip dividend scheme: First Reit, FraserComm, Mapletree Ind, MapletreeLog, Cambridge, AIMSAMPIReit, CapitaChinaR Tr,  and DBS. I also received OCBC shares through Right issue. I bought Saizen Reit from open market. I sold all my SMRT shares.

Total dividend received this month amounts to S$10,500.00. This number includes those I reinvested via Scrip Dividend Scheme. I injected S$12,000.00 into the portfolio this month.

Below are my top 30 holdings as at 30 September:

1.   SPH

2.   ComfortDelGro
3.   OCBC Bank
4.   DBS
5.   Ausnet Services
6.   Sembcorp Ind
7.   ST Engineering
8.   Starhub
9.   Frasers Comm Tr
10. SGX
11. Metro
12. CapitaLand
13. United Engineers
14. CitySpring Trust
15. AIMSAMP Cap Reit
16. CapitaComm Tr
17. Nikko AM STI ETF 100
18. Sembcorp Marine
19. Lippo Malls Tr
20. YZJ Shipbldg SGD
21. Keppel Corp
22. Mapletree Log Tr
23. Sing Inv & Fin
24. Ascendas Reit
25. SATS
26. Global Inv
27. SingTel
28. Sabana Reit
29. SIA
30. PanUnited

OCBC Rights Issue

Today the result of OCBC right issue was out. This right issue must have been well received and subscribed by investors, because I was only awarded with 29 excess right shares though I applied for more. The excess shares don't even round my holding to the full lot, but only to the next half lot...hmm...

Full lot or not, it's not so important. Since I am subscribing to the scrip dividend scheme, I am going to receive odd lot anyway. Since the shares (rights and excess rights) received are at a discount, there is also no reason to complain too much. Of course it will be nice to receive a bit more... LOL.

Sigh! 人心不足，在下也不能免俗。