As of 31 August 2024
CDP
| Security |
# shares |
Price S$ |
% |
| DBS |
440 |
36.36 |
3.88 |
| UOB |
400 |
31.39 |
3.04 |
| OCBC Bank |
700 |
14.55 |
2.47 |
| SGX |
3,200 |
10.83 |
8.40 |
| ST Engineering |
6,900 |
4.45 |
7.45 |
| Powermatic Data |
8,500 |
3.55 |
7.32 |
| TheHourGlass |
19,600 |
1.53 |
7.27 |
| Sheng Siong |
19,100 |
1.51 |
6.99 |
| Micro-Mechanics |
18,400 |
1.54 |
6.87 |
| VICOM Ltd |
21,500 |
1.32 |
6.88 |
| UMS |
31,200 |
1.02 |
7.72 |
| Credit Bureau Asia |
30,100 |
0.89 |
6.50 |
| Nanofilm |
36,100 |
0.745 |
6.52 |
| HRnetGroup |
21,900 |
0.695 |
3.69 |
| TalkMed Group |
34,500 |
0.395 |
3.30 |
| China Sunsine |
41,800 |
0.395 |
4.00 |
| Kimly |
27,000 |
0.31 |
2.03 |
| Silverlake Axis |
37,100 |
0.375 |
3.37 |
| HC Surgical |
35,500 |
0.265 |
2.28 |
Portfolio Value = S$412,377
YTD Dividends Received = S$12,530
YTD SBL Fees Received = S$158
Trades
- Bought 31,200 shares of UMS Holdings.
SRS
| Security |
# shares |
Price S$ |
% |
| TheHourGlass |
5,000 |
1.53 |
4.73 |
| Sheng Siong |
8,700 |
1.51 |
8.12 |
| Micro-Mechanics |
5,400 |
1.54 |
5.14 |
| VICOM Ltd |
5,500 |
1.32 |
4.49 |
| Credit Bureau Asia |
5,700 |
0.89 |
3.14 |
| Nanofilm |
12,500 |
0.745 |
5.76 |
| HRnetGroup |
7,500 |
0.695 |
3.22 |
| China Sunsine |
10,800 |
0.395 |
2.64 |
| Kimly |
5,800 |
0.31 |
1.11 |
| HC Surgical |
19,500 |
0.265 |
3.20 |
| NetLink NBN Trust |
108,000 |
0.875 |
58.44 |
Portfolio Value = S$161,693
Trades
- Sold 1,300 shares of SGX.
- Sold 6,000 shares of Silverlake Axis.
- Bought 12,000 units of NetLink NBN Trust.
Singapore Savings Bonds
| Security |
Amount |
Coupon Now |
| GX22120S |
S$14,000 |
3.26% |
| GX23010Z |
S$15,000 |
2.95% |
| GX23110V |
S$20,000 |
3.21% |
| GX23120Z |
S$20,000 |
3.30% |
| GX24060A |
S$20,000 |
3.26% |
| GX24070S |
S$20,000 |
3.26% |
| GX24080W |
S$20,000 |
3.19% |
Portfolio Value = S$129,000
Speculative Play
| Security |
# shares |
Price US$ |
| Kep Pacific Oak REIT |
70,000 |
0.26 |
Portfolio Value = US$18,200
Trades
None
Commentary:
August is always a favourite month, because we celebrate three birthdays in the family - my wife's, my older boy's and mine. (Four if you include our nation's birthday.) Contrary to the usual birthday cake, we decided to celebrate by indulging in crab dishes from Melben Seafood restaurant. It was a messy affair, but oh so finger-licking good!
In the equity market, Citigroup issued SELL analyst recommendations on all three local banks DBS, UOB and OCBC. This caused their prices to fall more than 5 percent on 5 Aug. As the interest rate cut materializes, the bank stocks are likely to take a hit. That is my cue to load up. *Rub hands in anticipation*
I initiated a new position in
UMS Holdings ("UMS"). This is the second semiconductor industry counter in my portfolio. The semiconductor industry is highly cyclical in nature, hence dramatic swings in earnings are to be expected. So far, UMS fundamentals looks all right. I will monitor for a while before considering whether to add on.
I continued to adjust my SRS portfolio by closing off my position in
SGX as the stock hit new 52-week high. Interestingly, after the announcement of
Silverlake Axis ("SLA") voluntary unconditional offer (see my last blog post [
here]), SLA share price shot up past the cash offer of 36 cents per share. I took the opportunity to sell the shares in my SRS portfolio, pocketing a tiny extra premium.
I also added more units of
NetLink NBN Trust ("NetLink"). I am not too concerned by the recent y/y drop in 1Q2025 revenue and EBITDA. Over the long run, NetLink still has the opportunity to grow as more new HDB housing estates get developed. Net gearing is maintained at a comfortable 26.5 percent.
As mentioned in my previous post [
here], August marked a new financial milestone in my family. My wife and I paid off the remaining balance on our DBS home mortgage loan. We are officially debt free! It is a fantastic feeling. I can also kiss my Manulife insurance policy goodbye, which DBS had made us buy for the mortgage. This is a good S$650 saved every year.
The average yield for October issuance of Singapore Savings Bond ("SSB") has plunged to an estimated
2.77%. With the expected U.S. Fed interest rate cut, I doubt the SSB yield will get any higher soon. It is time to switch investment focus back to equities. I will be paying close attention to the local bank stocks.
The Direct School Admission for Secondary Schools ("DSA-Sec") exercise is over. My DS (forum jargon for Dear Son) completed the group interview with a third school. He was able to secure interviews with all three schools in his application. I am grateful for the good fortune and the opportunity, as I have heard how his peer was rejected outright without any chance for an interview. As one parent commented, DSA-Sec is starting to become like PSLE - equally stressful for both parent and child.
In the end, my DS was given Confirmed Offer ("CO") for one school, and placed on Wait List ("WL") for the other two schools. Despite the CO, my DS still wants to apply for one of the WL schools first, as it has been his dream to study there (white uniform, somewhere in Bishan). Nonetheless, I am happy his calibre was recognized by all three prominent boys' schools.
Signing off for now. Take care!
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