Wednesday, September 30, 2020

Portfolio Summary for September 2020

As of 30 September 2020

CDP

Security# sharesPrice S$%
DBS70019.917.84
OCBC Bank1,5008.427.11
SGX1,2009.156.18
SATS3,9002.836.21
ST Engineering4,1003.467.98
CapitaLand5,4002.718.23
Singtel6,1002.127.28
Powermatic Data2,8002.654.17
Micro-Mechanics1,3002.281.67
ComfortDelGro7,9001.416.27
Genting Singapore11,7000.674.41
TheHourGlass15,4000.675.80
HRnetGroup21,9000.455.54
China Sunsine31,0000.345.93
HC Surgical19,1000.323.44
Nam Lee Metal28,2000.2954.68
Silverlake Axis20,8000.293.39
Kimly27,0000.2553.87
Portfolio Value = $177,759

Trade Actions
- Sold 4,700 shares of Old Chang Kee.
- Bought 300 shares of DBS.
- Bought 1,900 shares of CapitaLand.

SRS

Security# sharesPrice S$%
OCBC Bank9008.4211.79
SGX1,3009.1518.51
SATS2,2002.839.69
ST Engineering1,7003.469.15
Singtel2,0002.126.60
CapitaComm Trust5,0001.6412.76
Sheng Siong8,7001.6121.79
HC Surgical19,5000.329.71
Portfolio Value = $64,268

Trade Actions
- None

Commentary:

Summer has come and passed
The innocent can never last
Wake me up when September ends
- Green Day

It has come to the end of summer season, though technically there are only two seasons in Singapore - sunny and rainy. If you had hibernated since the start of the year and only woken up now, you would have avoided the most turmultous period in the stock market since the 2009 GFC. Naturally, you would have also missed one of the best opportunities to build equity positions.

It feels like the worst is behind us, with the government hinting on Phase 3 re-opening. The market is trending sideways, with no clear path ahead. I have stopped monitoring the market throughout the day and focused on my work instead. Under the grim atmosphere of retrenchment and business closures, I am glad I still have a job and no pay cut so far.

In September, I have added small stakes in DBS and CapitaLand when their prices dipped during mid-month. It was also fortuitous that I got out of Old Chang Kee at a favorable price.

My war chest has dwindled as I went on a buying spree over the past three months. I will need to save up again. Moreover, my boys' endowment premiums are looming near the end of the year, which will certainly take away a significant chunk of my cash. I guess it is just another form of investing for their sake and mine, as I do not want the burden of forking out a large sum for their tertiary education when I am near retirement.

Looking forward, I shall concentrate on rebuiling my cash board. Some stocks on my watchlist have run up quite a bit, and I do not want to chase the rally for FOMO. It is better to be patient and wait for retracement before nibbling.




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