CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 300 | 29.68 | 3.04 |
| UOB | 300 | 26.25 | 2.69 |
| OCBC Bank | 700 | 11.39 | 2.72 |
| SGX | 1,200 | 9.46 | 3.88 |
| iFast | 5,700 | 4.14 | 8.06 |
| SATS | 3,900 | 3.90 | 5.19 |
| ST Engineering | 4,100 | 4.08 | 5.71 |
| Micro-Mechanics | 8,400 | 2.90 | 8.32 |
| Powermatic Data | 8,500 | 2.68 | 7.78 |
| TheHourGlass | 5,000 | 2.32 | 3.96 |
| Vicom | 11,800 | 2.02 | 8.14 |
| Sheng Siong | 13,000 | 1.52 | 6.75 |
| ComfortDelGro | 11,200 | 1.40 | 5.36 |
| Genting Singapore | 11,700 | 0.72 | 2.88 |
| HRnetGroup | 21,900 | 0.775 | 5.80 |
| HC Surgical | 35,500 | 0.495 | 6.00 |
| China Sunsine | 41,800 | 0.44 | 6.28 |
| TalkMed Group | 14,500 | 0.385 | 1.91 |
| Kimly | 27,000 | 0.38 | 3.50 |
| Silverlake Axis | 15,000 | 0.395 | 2.02 |
Trade Actions
- Bought 300 shares of UOB.
- Bought 500 shares of iFast Corp.
- Bought 500 shares of Micro-Mechanics Holdings.
- Bought 11,800 shares of Vicom.
- Bought 3,500 shares of Powermatic Data Systems.
- Bought 14,500 shares of TalkMed Group.
- Sold 10,600 shares of Silverlake Axis.
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| OCBC Bank | 900 | 11.39 | 8.43 |
| SGX | 1,300 | 9.46 | 10.12 |
| iFast | 2,100 | 4.14 | 7.15 |
| SATS | 2,200 | 3.90 | 7.06 |
| ST Engineering | 3,000 | 4.08 | 10.07 |
| Micro-Mechanics | 3,100 | 2.90 | 7.40 |
| Powermatic Data | 3,400 | 2.68 | 7.50 |
| Vicom | 4,700 | 2.02 | 7.81 |
| Sheng Siong | 8,700 | 1.52 | 10.88 |
| ComfortDelGro | 6,900 | 1.40 | 7.95 |
| HC Surgical | 19,500 | 0.495 | 7.94 |
| China Sunsine | 10,800 | 0.44 | 3.91 |
| TalkMed Group | 5,800 | 0.385 | 1.84 |
| Silverlake Axis | 6,000 | 0.395 | 1.95 |
Trade Actions
- Bought 3,400 shares of Powermatic Data Systems.
- Bought 4,700 shares of Vicom.
- Bought 2,100 shares of TalkMed Group.
- Sold 9,100 shares of Silverlake Axis.
Commentary:
The Straits Times Index (STI) has completely eliminated its year-to-date gain. Although the local market is still far from bear territory, stock prices have started to slide, similar to other markets.
Worry of inflation has finally crept into Singaporeans' mind, according to separate surveys by DBS [here] and YouGov [here]. The government has taken preemptive action by announcing a surprise S$1.5b budget to help families and businesses tide through this challenging period [news].
I went on a spending spree in June. Fine-tuned my positions in iFast Corp, Micro-Mechanics Holdings and Powermatic Data Systems as their prices retreated.
I also built a stake in two new counters - UOB and Vicom. Banks are big beneficiaries of interest rate hikes, although there is the concern that a recession may bump up nonperforming loans. UOB's acquisition of Citibank's consumer assets in Malaysia, Thailand, Indonesia and Vietnam provides hope that the bank now has a meaningful avenue to expand its business in ASEAN [news]. Vicom is a relatively well-known vehicle inspection company in Singapore. I like the consistency in Vicom's double-digit ROE and margins.
I have managed to add TalkMed Group to my CDP portfolio too. I further reduced my position in Silverlake Axis as its price rallied near month end.
I am gradually tilting my portfolios towards more liquid holdings. Current cash stands at 30% of total portfolio value. I hope to scoop up more shares as they approach my preferred entry level.
July marks the beginning of Q3, which also heralds the start of the earnings reporting season. As investors buy and sell based on actual results versus estimates, volatility is going to be high. A U.S. Fed interest rate hike of 75 bps in July is almost a given. Any economic data that paints a better picture is likely to spark a relief rally. Overall, a wild ride is expected.
Worry of inflation has finally crept into Singaporeans' mind, according to separate surveys by DBS [here] and YouGov [here]. The government has taken preemptive action by announcing a surprise S$1.5b budget to help families and businesses tide through this challenging period [news].
I went on a spending spree in June. Fine-tuned my positions in iFast Corp, Micro-Mechanics Holdings and Powermatic Data Systems as their prices retreated.
I also built a stake in two new counters - UOB and Vicom. Banks are big beneficiaries of interest rate hikes, although there is the concern that a recession may bump up nonperforming loans. UOB's acquisition of Citibank's consumer assets in Malaysia, Thailand, Indonesia and Vietnam provides hope that the bank now has a meaningful avenue to expand its business in ASEAN [news]. Vicom is a relatively well-known vehicle inspection company in Singapore. I like the consistency in Vicom's double-digit ROE and margins.
I have managed to add TalkMed Group to my CDP portfolio too. I further reduced my position in Silverlake Axis as its price rallied near month end.
I am gradually tilting my portfolios towards more liquid holdings. Current cash stands at 30% of total portfolio value. I hope to scoop up more shares as they approach my preferred entry level.
July marks the beginning of Q3, which also heralds the start of the earnings reporting season. As investors buy and sell based on actual results versus estimates, volatility is going to be high. A U.S. Fed interest rate hike of 75 bps in July is almost a given. Any economic data that paints a better picture is likely to spark a relief rally. Overall, a wild ride is expected.
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