Cash Equity
| Security | # Shares | Price | Portfolio % |
|---|---|---|---|
| DBS Group | 400 | $25.25 | 23.07% |
| OCBC | 900 | $10.78 | 22.16% |
| SATS | 2,000 | $4.98 | 22.75% |
| ST Engineering | 2,500 | $4.13 | 23.58% |
| Old Chang Kee | 5,000 | $0.74 | 8.45% |
SRS Equity
| Security | # Shares | Price | Portfolio % |
|---|---|---|---|
| SGX | 1,300 | $8.85 | 23.47% |
| OCBC | 900 | $10.78 | 19.79% |
| Sheng Siong Group | 8,700 | $1.25 | 22.19% |
| SingTel | 2,000 | $3.38 | 13.79% |
| CapitaCommercial Trust | 3,000 | $2.01 | 12.30% |
| Frasers Commercial Trust | 2,481 | $1.64 | 8.45% |
It was a mundane November. I did not execute any trade, as the prices remained high. Earnings reporting season has come to an end. It was a mixed bag of results for the companies on my watchlist. Those that reported better than expected earnings saw their stock prices spiked; those that reported worse than expected earnings saw their stock prices...do nothing. (It was as if the market is simply waiting for a reason to buy in.)
I had written off the value of my Hyflux perpetual bond, but lately there was news that the company has struck a S$400 million rescue deal with Emirati utilities group Utico (news). If the deal gets approved, I should be able to salvage S$1,500 (A 85% loss is better than a 100% loss, right?). However, just a day after, there was rumour of Hyflux's creditors disagreeing on the incentive fee paid to the advisors (news). (Sigh. The drama lives on.)
On the economic front, the U.S.-China trade tango continues. There was indication that the two superpowers are coming to terms for a "Phase One" deal (news), although it may not be in time for Christmas. I am reminded of the scene in the family car where the children (read: the market) ask the father (President Trump) for the umpteenth time, "Are we there yet?" and the father replies, "Almost, but not quite."
School holiday has started. My family and I hopped on a short getaway to Taiwan. We visited Taipei, Taichung and the scenic Taroko Gorge. Fresh air certainly helps to relieve the stress of living in a cosmopolitan city.
I had written off the value of my Hyflux perpetual bond, but lately there was news that the company has struck a S$400 million rescue deal with Emirati utilities group Utico (news). If the deal gets approved, I should be able to salvage S$1,500 (A 85% loss is better than a 100% loss, right?). However, just a day after, there was rumour of Hyflux's creditors disagreeing on the incentive fee paid to the advisors (news). (Sigh. The drama lives on.)
On the economic front, the U.S.-China trade tango continues. There was indication that the two superpowers are coming to terms for a "Phase One" deal (news), although it may not be in time for Christmas. I am reminded of the scene in the family car where the children (read: the market) ask the father (President Trump) for the umpteenth time, "Are we there yet?" and the father replies, "Almost, but not quite."
School holiday has started. My family and I hopped on a short getaway to Taiwan. We visited Taipei, Taichung and the scenic Taroko Gorge. Fresh air certainly helps to relieve the stress of living in a cosmopolitan city.
Trade Actions
None. Prices were unfavorable in my opinion.
Savings
Next month's Singapore Savings Bond (SSB) will have an average yield around 1.76%. Slightly better than last month, and comparable to current fixed deposit promotions in the market now (link).
Looking Ahead
We have come to the last month of the year. Typically, I will take this time to reflect on my accomplishments and disappointments during the year, so that I will learn the lessons and become a little wiser.
Happy holidays, my friends.
May the festive spirit fill your home and bring cheer to your family!
Happy holidays, my friends.
May the festive spirit fill your home and bring cheer to your family!
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