Portfolio Summary for September 2021

As of 30 September 2021

CDP

Security	# shares	Price S$	%
DBS	700	30.32	7.60
OCBC Bank	1,500	11.50	6.17
SGX	1,200	9.98	4.29
SATS	3,900	4.16	5.81
ST Engineering	4,100	3.81	5.59
CapitaLand Invest	5,400	3.40	6.57
Singtel	6,100	2.46	5.37
Powermatic Data	5,000	2.90	5.19
Micro-Mechanics	1,300	3.21	1.49
ComfortDelGro	7,900	1.51	4.27
Sheng Siong	13,000	1.48	6.89
Genting Singapore	11,700	0.72	3.01
TheHourGlass	15,400	1.56	8.60
HRnetGroup	21,900	0.77	6.03
China Sunsine	31,000	0.495	5.49
HC Surgical	35,500	0.55	6.99
Silverlake Axis	60,800	0.295	6.42
Kimly	27,000	0.375	3.62
CL Int Com Trust	835	2.03	0.61

Portfolio Value = $279,440

Trade Actions
- Bought 3,400 shares of Sheng Siong Group.

SRS

Security	# shares	Price S$	%
OCBC Bank	900	11.50	14.03
SGX	1,300	9.98	17.59
SATS	2,200	4.16	12.41
ST Engineering	1,700	3.81	8.78
Singtel	2,000	2.46	6.67
Sheng Siong	8,700	1.48	17.46
HC Surgical	19,500	0.55	14.54
Silverlake Axis	21,300	0.295	8.52

Portfolio Value = $73,758

Trade Actions
- None

Commentary:

Will keep it short. I did only one trade, adding my position in Sheng Siong Group as the price floated lower. September also witnessed the birth of CapitaLand Investment Management, which was rated a 'Buy' by several brokerages, leading to its price shooting higher over the past week. SATS also received a positive boost, as the United States laid out its plan to relax border restrictions for vaccinated travellers [news].

Heading into October, I see little stimulus for stock prices to continue its climb. I'm keeping hope that we are due for a price correction soon, so that suitable buying opportunities will appear. We shall see.

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Portfolio Summary for August 2021

As of 31 August 2021

CDP

Security	# shares	Price S$	%
DBS	700	29.97	7.68
OCBC Bank	1,500	11.43	6.28
SGX	1,200	9.90	4.35
SATS	3,900	4.07	5.81
ST Engineering	4,100	3.78	5.67
CapitaLand	5,400	4.00	7.91
Singtel	6,100	2.32	5.18
Powermatic Data	5,000	3.06	5.60
Micro-Mechanics	1,300	3.26	1.55
ComfortDelGro	7,900	1.62	4.68
Sheng Siong	9,600	1.51	5.31
Genting Singapore	11,700	0.765	3.28
TheHourGlass	15,400	1.43	8.06
HRnetGroup	21,900	0.80	6.41
China Sunsine	31,000	0.49	5.56
HC Surgical	35,500	0.515	6.69
Silverlake Axis	60,800	0.28	6.23
Kimly	27,000	0.38	3.76

Portfolio Value = $273,208

Trade Actions
- None

SRS

Security	# shares	Price S$	%
OCBC Bank	900	11.43	14.22
SGX	1,300	9.90	17.80
SATS	2,200	4.07	12.38
ST Engineering	1,700	3.78	8.89
Singtel	2,000	2.32	6.42
Sheng Siong	8,700	1.51	18.16
HC Surgical	19,500	0.515	13.89
Silverlake Axis	21,300	0.28	8.25

Portfolio Value = $72,321

Trade Actions
- None

Commentary:

Another month of discipline for me. I did not pull the trigger on any stock in my list. From the recent price movement, the local market seemed to have hit a peak. The Straits Times Index is down 3.5 percent for August, even though the SPX 500 Index is up 2.9 percent for the corresponding period. Of course I could be wrong - the bulls may decide to stage a comeback. Nonetheless, I am sitting pat on my cash for now. My warchest is building up comfortably, and I will deploy it at an opportune time.

Street talk for August - Yokohama has elected a mayor whom is against the building of a casino. So the hope for Genting Singapore to win the gambling license is as good as gone. ComfortDelGro on the other hand, secured a S$1.13 billion joint venture deal to operate rail services in Auckland. The transport conglomerate is also looking to list its Australian subsidiary. In-flight caterer SATS has gotten a boost, as Singapore opens up to welcome visitors from Germany and Brunei with quarantine-free travel. Finally, shareholders of CapitaLand has voted overwhelmingly to privatize its property development business, and transit into a fund management model. We shall see the birth of CapitaLand Investment (CLI) in September.

At home, my spouse had broached the topic about refunding our CPF account, which we had used to pay for our housing loan. After careful consideration, I decided not to go ahead with my portion. There is no additional benefit, other than 'owing' myself less CPF interest. Moreover, I need to set my funds aside for my kids' endowment policy premiums, SRS account top-up as well as CPF Retirement Sum top-up due at the end of the year.

It is amusing to know there are numerous ways money can flow out of your pocket, but only a few streams that money can flow into your pocket. Juggling cashflows is always such a delicate game.

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