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Portfolio update for the month of January 2015.
Received dividend from HupSteel. Sold GP Industries and used the proceeds to buy Tan Chong International which is dual listed on Singapore and Hong Kong.
As usual, cash is negligible.
As at 31 January 2015, the portfolio consists of the following counters :
1. AZTECH GROUP
2. CFM HOLDINGS
3. CHUAN HUP HOLDINGS
4. CHINA MERCHANTS HOLDINGS (PACIFIC)
5. ELEC & ELTEK
6. ENVICTUS INTERNATIONAL HOLDINGS
7. FRASERS CENTREPOINT LIMITED
8. FRENCKEN GROUP
9. G.K. GOH
10. GLOBAL INVESTMENTS LIMITED
11. HOTEL GRAND CENTRAL
12. HOTUNG INVESTMENT HOLDINGS
13. HUPSTEEL
14. IFS CAPITAL
15. KARIN TECHNOLOGY HLDGS
16. KEPPEL T&T
17. LOW KENG HUAT (SINGAPORE)
18. LUXKING GROUP HOLDINGS
19. METRO HOLDINGS
20. MICRO-MECHANICS (HOLDINGS)
21. NEW TOYO
22. PCI
23. PEC
24. SAN TEH
25. SIA ENGINEERING
26. SINGAPORE REINSURANCE CORPORATION
27. SINGAPORE SHIPPING CORP
28. SINGAPURA FINANCE
29. St****** CORPORATION
30. TAI SIN ELECTRIC
31. TAN CHONG INTERNATIONAL
32. UMS HODINGS
33. WILLAS-ARRAY ELECTRONICS
Specuvestor: Asset - Business - Structure.
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Portfolio update for the month of February 2015.
Over the past few years, by and large, buying deep discount to book value has served me well. Hence the portfolio comprised most with low P/B counters.
Now I'd like to include more companies with long history of mid teen ROE or above, low debt, that can be bought with P/E not more than 20.
To deviate from what seems to be working well is not a good move. But you'll never know if you do not try, and along the way, learn and mend.
In the month of February 2015, I sold Chuan Hup, Frencken, Metro Holdings, Singapore Shipping Corporation, Singapura Finance, and exchanged them with Hwa Hong Corporation, CSE Global, Neratelecommunications, Overseas Education Limited.
As at 28 February 2015, the portfolio consists of the following counters :
1. AZTECH GROUP
2. CFM HOLDINGS
3. CHINA MERCHANTS HOLDINGS (PACIFIC)
4. CSE GLOBAL
5. ELEC & ELTEK
6. ENVICTUS INTERNATIONAL HOLDINGS
7. FRASERS CENTREPOINT LIMITED
8. G.K. GOH
9. GLOBAL INVESTMENTS LIMITED
10. HOTEL GRAND CENTRAL
11. HOTUNG INVESTMENT HOLDINGS
12. HUPSTEEL
13. HWA HONG CORPORATION
14. IFS CAPITAL
15. KARIN TECHNOLOGY HLDGS
16. KEPPEL T&T
17. LOW KENG HUAT (SINGAPORE)
18. LUXKING GROUP HOLDINGS
19. MICRO-MECHANICS (HOLDINGS)
20. NERATELECOMMUNICATIONS
21. NEW TOYO
22. OVERSEAS EDUCATION LIMITED
23. PCI
24. PEC
25. SAN TEH
26. SIA ENGINEERING
27. SINGAPORE REINSURANCE CORPORATION
28. St****** CORPORATION
29. TAI SIN ELECTRIC
30. TAN CHONG INTERNATIONAL
31. UMS HODINGS
32. WILLAS-ARRAY ELECTRONICS
Specuvestor: Asset - Business - Structure.
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Portfolio update for the month of April 2015.
Due to workload, I skipped posting of March 2015 portfolio update.
As at today, many counters have traded XD. Dividends to be received will be accumulated and deployed when there is interesting idea.
In this occasion, I'd like to remind myself of Asset, Business, Structure model. Any idea should be analyzed within this model.
As a whole, the portfolio performs satisfactorily.
Portfolio as at 30 April 2015.
SINGAPORE LISTED COMPANIES :
1. AZTECH GROUP
2. CFM HOLDINGS
3. CHINA MERCHANTS HOLDINGS (PACIFIC)
4. CSE GLOBAL
5. ENVICTUS INTERNATIONAL HOLDINGS
6. GLOBAL INVESTMENTS LIMITED
7. HOTUNG INVESTMENT HOLDINGS
8. HUPSTEEL
9. HWA HONG CORPORATION
10. KARIN TECHNOLOGY HLDGS
11. LOW KENG HUAT (SINGAPORE)
12. LUXKING GROUP HOLDINGS
13. MICRO-MECHANICS (HOLDINGS)
14. NERATELECOMMUNICATIONS
15. NEW TOYO
16. OVERSEAS EDUCATION LIMITED
17. PCI
18. PEC
19. SAN TEH
20. SIA ENGINEERING
21. SINGAPORE REINSURANCE CORPORATION
22. St****** CORPORATION
23. TAI SIN ELECTRIC
24. TAN CHONG INTERNATIONAL (HK$)
25. UMS HODINGS
26. WILLAS-ARRAY ELECTRONICS
HONG KONG LISTED COMPANIES :
1. DYNAM JAPAN HOLDINGS
2. ELEC & ELTEK
3. HARBOUR CENTRE DEVELOPMENT
4. LIU CHONG HING INVESTMENT
Specuvestor: Asset - Business - Structure.
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Portfolio update for the month of December 2015
STI at the beginning of year 3365.15 ends the year at 2882.73.
As usual, cash is minimal. All dividends received have been reinvested back or distributed.
Portfolio as at 31 December 2015 :
1. CHINA MINZHONG FOOD CORPORATION
2. ELEC & ELTEK (US$)
3. ENVICTUS INTERNATIONAL HOLDINGS
4. FRASERS CENTREPOINT LIMITED
5. FRENCKEN GROUP
6. GP INDUSTRIES
7. IPC CORPORATION
8. KARIN TECHNOLOGY HOLDINGS
9. LUXKING GROUP HOLDINGS
10. M1
11. NEW TOYO
12. PCI
13. PEC
14. POWERMATIC DATA SYSTEMS
15. SAN TEH
16. St****** CORPORATION
17. WILLAS-ARRAY ELECTRONICS
HONG KONG LISTED COMPANIES :
1. HARBOUR CENTRE DEVELOPMENT
2. ITC CORPORATION
3. NEW WORLD DEVELOPMENT COMPANY
I usually keep around 30+ stocks in the portfolio. As I made an outsize bet on IPC Corporation, the number of stocks is much reduced now.
A reminder :
- Picking a stock based on it's book value alone can be very misleading.
- Do not forget Asset, Business, Structure framework.
- Learn, learn and learn.
Target : back to around 30+ stocks in 2016.
Happy new year 2016.
Specuvestor: Asset - Business - Structure.
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(31-12-2015, 02:53 PM)cyclone Wrote: Portfolio update for the month of December 2015
STI at the beginning of year 3365.15 ends the year at 2882.73.
As usual, cash is minimal. All dividends received have been reinvested back or distributed.
Portfolio as at 31 December 2015 :
1. CHINA MINZHONG FOOD CORPORATION
2. ELEC & ELTEK (US$)
3. ENVICTUS INTERNATIONAL HOLDINGS
4. FRASERS CENTREPOINT LIMITED
5. FRENCKEN GROUP
6. GP INDUSTRIES
7. IPC CORPORATION
8. KARIN TECHNOLOGY HOLDINGS
9. LUXKING GROUP HOLDINGS
10. M1
11. NEW TOYO
12. PCI
13. PEC
14. POWERMATIC DATA SYSTEMS
15. SAN TEH
16. St****** CORPORATION
17. WILLAS-ARRAY ELECTRONICS
HONG KONG LISTED COMPANIES :
1. HARBOUR CENTRE DEVELOPMENT
2. ITC CORPORATION
3. NEW WORLD DEVELOPMENT COMPANY
I usually keep around 30+ stocks in the portfolio. As I made an outsize bet on IPC Corporation, the number of stocks is much reduced now.
A reminder :
- Picking a stock based on it's book value alone can be very misleading.
- Do not forget Asset, Business, Structure framework.
- Learn, learn and learn.
Target : back to around 30+ stocks in 2016.
Happy new year 2016.
Why this year so drastic drop in no of counters..U foresee the crash?
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31-12-2015, 10:58 PM
(This post was last modified: 01-01-2016, 09:17 AM by BlueKelah.)
Making outsized bets? Sounds like u transitioning towards a more concentrated strategy?
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Cyclone, you ended the year without a single STI Component stock ! Just an observation, not saying there is anything wrong with that.
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(31-12-2015, 06:36 PM)pianist Wrote: Why this year so drastic drop in no of counters..U foresee the crash?
I switched several counters to one counter. Don't know the about the crash.
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(31-12-2015, 10:58 PM)BlueKelah Wrote: Making outsized bets? Sounds like u transitioning towards a more concentrated strategy?
Sent from my MotoG3 using Tapatalk
Concentrated strategy is temporary only. I still prefer wide diversification, around 30+.
Specuvestor: Asset - Business - Structure.
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(31-12-2015, 11:25 PM)touzi Wrote: Cyclone, you ended the year without a single STI Component stock ! Just an observation, not saying there is anything wrong with that.
The price of some STI component stocks has been downed a lot. Probably it is good to take a closer look in 2016.
Specuvestor: Asset - Business - Structure.
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