No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | China Merchant Pacific | 72,450 | 1.06 | 76,800.00 | 25.0% |
2. | Vicom | 8,000 | 6.00 | 48,000.00 | 16.0% |
3. | Fraser Centerpoint Trust | 10,000 | 2.12 | 21,200.00 | 7.0% |
4. | Nam Lee Metals | 70,000 | 0.30 | 21,000.00 | 7.0% |
5. | Fraser Commercial Trust | 11,000 | 1.57 | 17,270.00 | 6.0% |
6. | ST Engineering | 3,000 | 3.60 | 10,800.00 | 4.0% |
7. | Stamford Land | 10,000 | 0.60 | 6,000.00 | 2.0% |
8. | Noel Gifts | 18,900 | 0.30 | 5,670.00 | 2.0% |
9. | King Wan | 5,000 | 0.32 | 1,600.00 | 1.0% |
10. | Warchest* | 96,000.00 | 32.0% | ||
Total SGD | 304,340.00 | 100.00% |
*Does not include emergency, social security (CPF), insurance endowment, and short term (1 month) funds for immediate working capital.
May was an exciting month for investors because that's when we received most of the dividends this month. I blogged about it a couple of weeks ago which you can view here.
There's a couple of changes made to the portfolio from the last update I did in April. First, I divested all my shares in Sembcorp Industries, followed by a couple more for FCT. Then, I added a core position in Nam Lee Metals and recently accumulated more Vicom into the portfolio. I'm also entitled to the bonus from CMP after they announce a 20 for 1 which increased the position for this month.
The amount of warchest has now increased to about a third of the overall portfolio, a position that I am looking to increase if there are not suitable investment to add. With the many products out there yielding quite a bit of good interests out there, I will not need to be in a hurry to utilize them to an average investment.
The portfolio has dropped a little from the previous month due to the volatility of the market to the downside. I won't be too concerned about the daily or monthly movement as they only represent short term vision which does not coincide with my goal. If market continues to be weak and presents opportunities to add on, it would be a good chance to accumulate for the long term. I will continue to look for value in the market in the meantime.
With the Fed looking to hike interest rate finally in the next few months, we could possibly see some hiccup in the market especially those with high gearing. We may also want to see the refinancing capability of the management to ensure that they can continue to refinance at a higher but reasonable rate.
Thanks for reading.
How was the month of May been for you? Let me know!!!
