No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | Vicom | 8,000 | 5.90 | 47,200.00 | 14.0% |
2. | China Merchant Pacific | 45,000 | 0.91 | 40,950.00 | 12.0% |
3. | Kingsmen | 37,000 | 0.79 | 29,230.00 | 9.0% |
4. | Accordia Golf Trust | 22,000 | 0.64 | 14,080.00 | 4.0% |
5. | Stamford Land | 30,000 | 0.49 | 14,700.00 | 4.0% |
6. | Ho Bee Land | 6,000 | 1.95 | 11,700.00 | 3.0% |
7. | Fraser Centerpoint Trust | 6,000 | 1.86 | 11,160.00 | 3.0% |
8. | CapitaCommercial Trust | 8,000 | 1.33 | 10,640.00 | 3.0% |
9. | IReit Global | 16,000 | 0.65 | 10,400.00 | 3.0% |
10. | Nam Lee Metals | 35,000 | 0.28 | 9,800.00 | 3.0% |
11. | ST Engineering | 3,000 | 2.96 | 8,880.00 | 3.0% |
12. | Silverlake Axis | 14,400 | 0.54 | 7,776.00 | 2.0% |
13. | Dairy Farm* | 1,000 | 0.85 | 8,591.00 | 2.0% |
14. | MTQ | 7,000 | 0.50 | 3,500.00 | 1.0% |
15. | Warchest* | 100,000.00 | 30.0% | ||
Total SGD | 328,607.00 | 100.00% |
September continues to be a very adventurous month after a continued run of purchasing that started in early August.
The world seems to be getting gloomy as each day past and we have seen sentiments going the other extreme way to being cautious and nervy. It feels strange that we don’t see these hype of sentiments when the market was charging on and on just the past 2 months or so. These macroeconomic noises are mostly a distraction in my view. I have heard numerous times by now that we will soon be seeing a collapse in the stock market soon due to weakening of the global economy and the tightening of the interest rates. People tend to forget easily that the economic runs in cycle and these are things that should not be a surprise when it comes to you.
On a personal note, savings was great in the past month which allows me to have more room for income that can be directed to owning great businesses over the long term. For this month, I have continued my aggressive activities by purchasing (or accumulating) Kingsmen, Dairy Farm, Ireit Global, Ho Bee Land, Stamford Land and FCT. For the details of these purchases, you may refer to “My Recent Transactions”. Some of these purchases remains part of my accumulating strategy over a few batches so the investment thesis remains the same to what I have previously discussed. I have also exited on FEHT and OUE Commercial as part of my short term trading strategy to take advantage of the recent run up, gaining a relatively good 7% and 17% gain but meagre in absolute amount.
The equity networth has gone back up from the previous month low to the current month at $328,607 due to the recent bounce back in the market. It appears that it is still early days so I won’t put too much concentration on where the networth is going to end up at the end of the year but rather focus on where some of the value might be at. In any way, these are investments that are meant to fund my retirement and possibly going into the next generation, so the horizon is much longer than what the economic cycle can threaten. Having said that, it is important to review each investment merits on a constant basis to ensure the thesis does not fade away with the fundamentals.
So there it is. They are a step closer to the goal and each month I do look forward to more volatility in the market, especially when people are shunning the market or paying too much attention to the macro news which I deemed as noise, that is when I will continue to look for more value in the market. Janet Yellen having meeting the next 2 days? Really? Do we need to pay too much attention to it? Don't we as investors already know that interest rates can only go up from here?
How is September doing for your portfolio? Are you a step closer to your goal?
