CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 400 | 19.47 | 6.74 |
| OCBC Bank | 1,500 | 8.55 | 11.10 |
| SATS | 3,900 | 2.66 | 8.98 |
| ST Engineering | 4,100 | 3.19 | 11.32 |
| CapitaLand | 1,700 | 2.89 | 4.25 |
| Singtel | 4,000 | 2.49 | 8.62 |
| Powermatic Data | 2,800 | 2.40 | 5.82 |
| ComfortDelGro | 7,900 | 1.44 | 9.85 |
| Genting Singapore | 11,700 | 0.785 | 7.95 |
| Old Chang Kee | 5,000 | 0.695 | 3.01 |
| HRnetGroup | 11,600 | 0.495 | 4.97 |
| HC Surgical | 19,100 | 0.305 | 5.04 |
| Nam Lee Metal | 28,200 | 0.305 | 7.44 |
| Kimly | 27,000 | 0.21 | 4.91 |
Trade Actions
- Added 600 shares of OCBC Bank.
- Added 1,600 shares of ST Engineering.
- Added 1,900 shares of SATS.
- Added 2,000 shares of Singtel.
- Added 3,300 shares of ComfortDelGro.
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| OCBC Bank | 900 | 8.55 | 12.20 |
| SGX | 1,300 | 8.28 | 17.07 |
| SATS | 2,200 | 2.66 | 9.28 |
| ST Engineering | 1,700 | 3.19 | 8.60 |
| Singtel | 2,000 | 2.49 | 7.90 |
| CapitaCommercial Trust | 5,000 | 1.75 | 13.87 |
| Sheng Siong | 8,700 | 1.57 | 21.66 |
| HC Surgical | 19,500 | 0.305 | 9.43 |
Trade Actions
- None
Commentary:
SGX - Company was dealt a critical blow when MSCI decided to shift its equity index business to Hong Kong, to the benefit of HKSE. I can understand MSCI's rationale for wanting to tap a larger potential customer base in Hong Kong (due to its proximity to mainland China). It remains to be seen whether SGX management has been humbled by this episode, and how hungry and determined they are in securing SGX's lead in APAC derivative trading over the next year.
Singtel - Full year net profit declined 65% y/y to S$1.08b. Excluding Airtel, net profit declined 21% y/y to S$2.42b. Winning the 5G spectrum means high capex ahead. Board cut final dividend by half to conserve cash. Management is also looking to sell off Optus' tower assets to raise cash. At current price, we're looking at 4.8% yield - still attractive in my opinion, unless there is unexpected COVID-19 pain ahead.
SATS - Poor company got bumped out of MSCI Singapore Index. Tracking funds will likely have to sell off their holdings. Took a chance to load. Still, I'm prepping for extremely lousy Q2 results.
ComfortDelGro - Another company that got dropped from MSCI Singapore Index. Taxi division is bleeding cash, but I'm heartened management is making an effort to secure side income for the cab drivers. Downside should be limited from this price point.
ST Engineering - Company with a comfortable order backlog. Customers may opt to delay contract delivery, but so far no news of clients backing out. MRO business will take a big hit, but that is water under the bridge.
OCBC Bank - Stock got sold down, probably due to its Wing Hang bank/HK protest exposure. Dividend may shrink a bit, but I don't foresee it being skipped like Stan Chart and HSBC.
Singtel - Full year net profit declined 65% y/y to S$1.08b. Excluding Airtel, net profit declined 21% y/y to S$2.42b. Winning the 5G spectrum means high capex ahead. Board cut final dividend by half to conserve cash. Management is also looking to sell off Optus' tower assets to raise cash. At current price, we're looking at 4.8% yield - still attractive in my opinion, unless there is unexpected COVID-19 pain ahead.
SATS - Poor company got bumped out of MSCI Singapore Index. Tracking funds will likely have to sell off their holdings. Took a chance to load. Still, I'm prepping for extremely lousy Q2 results.
ComfortDelGro - Another company that got dropped from MSCI Singapore Index. Taxi division is bleeding cash, but I'm heartened management is making an effort to secure side income for the cab drivers. Downside should be limited from this price point.
ST Engineering - Company with a comfortable order backlog. Customers may opt to delay contract delivery, but so far no news of clients backing out. MRO business will take a big hit, but that is water under the bridge.
OCBC Bank - Stock got sold down, probably due to its Wing Hang bank/HK protest exposure. Dividend may shrink a bit, but I don't foresee it being skipped like Stan Chart and HSBC.
Enjoyed this post? Never miss out new posts by subscribing here.
Thanks for sharing. May I know which broker you used for SRS share investment? Wonder which local brokers (DBS, UOB, OCBC) will be better
ReplyDeleteHello Freemind, thanks for writing. I'm using OCBC Securities as it has the lowest percentage commission 0.275%.
DeleteDBS Vickers churns out research reports quite frequently if that is what you like. I have no experience with UOB Kay Hian though.