CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 400 | 34.26 | 3.89 |
| UOB | 400 | 30.10 | 3.42 |
| OCBC Bank | 700 | 13.30 | 2.64 |
| SGX | 2,700 | 9.71 | 7.44 |
| ST Engineering | 6,900 | 3.73 | 7.31 |
| CapitaLand Investment | 7,400 | 3.40 | 7.14 |
| SATS | 8,200 | 2.80 | 6.52 |
| Powermatic Data | 8,500 | 3.05 | 7.36 |
| TheHourGlass | 5,000 | 2.08 | 2.95 |
| Micro-Mechanics | 14,200 | 1.89 | 7.62 |
| VICOM | 14,000 | 1.70 | 6.76 |
| Sheng Siong | 13,000 | 1.64 | 6.05 |
| Nanofilm | 15,400 | 1.14 | 4.98 |
| Genting Singapore | 11,700 | 0.94 | 3.12 |
| Credit Bureau Asia | 14,300 | 0.915 | 3.71 |
| HRnetGroup | 21,900 | 0.73 | 4.54 |
| TalkMed Group | 14,500 | 0.42 | 1.73 |
| China Sunsine | 41,800 | 0.41 | 4.87 |
| HC Surgical | 35,500 | 0.41 | 4.13 |
| Kimly | 27,000 | 0.335 | 2.57 |
| Silverlake Axis | 15,000 | 0.29 | 1.24 |
YTD Dividends Received = $6,974
YTD SBL Fees Received = $770
Trades
- Sold 5,700 shares of iFast.
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 100 | 34.26 | 2.47 |
| UOB | 200 | 30.10 | 4.33 |
| OCBC Bank | 900 | 13.30 | 8.62 |
| SGX | 1,300 | 9.71 | 9.09 |
| ST Engineering | 3,000 | 3.73 | 8.05 |
| CapitaLand Investment | 2,600 | 3.40 | 6.36 |
| SATS | 3,800 | 2.80 | 7.66 |
| Powermatic Data | 3,400 | 3.05 | 7.46 |
| Micro-Mechanics | 5,400 | 1.89 | 7.35 |
| VICOM | 5,500 | 1.70 | 6.73 |
| Sheng Siong | 8,700 | 1.64 | 10.27 |
| Nanofilm | 5,500 | 1.14 | 4.51 |
| Credit Bureau Asia | 5,700 | 0.915 | 3.75 |
| TalkMed Group | 5,800 | 0.42 | 1.75 |
| China Sunsine | 10,800 | 0.41 | 3.19 |
| HC Surgical | 19,500 | 0.41 | 5.75 |
| Kimly | 5,800 | 0.335 | 1.40 |
| Silverlake Axis | 6,000 | 0.29 | 1.25 |
Trades
- Sold 2,100 shares of iFast.
Singapore Savings Bonds
| Security | Amount ($) | Avg Yld % |
|---|---|---|
| GX18070N | 12,500 | 2.63 |
| GX22120S | 14,000 | 3.47 |
| GX23010Z | 15,000 | 3.26 |
Commentary:
The U.S. Federal Reserve raised the Federal Funds Target Rate by another 25 bps recently. It was the highest level in more than 22 years [news]. Yet, the market hardly flinched. In fact, the local Straits Times Index climbed over 5.2 percent in July alone. Word on The Street is about how the U.S. may be able to skirt around a recession [news]. To think the mood was more pessimistic at the start of the year. Investors are a fickle bunch.
Nonetheless, the relief rally was welcomed by many. iFast Corporation caught a tailwind as the company reversed from loss into profit in 2Q2023. I sold off my position as the share price rocketed nearly 17 percent. The rationale is to consolidate my capital into fewer (but higher conviction) stocks.
On the flip slide, Nanofilm released its 1H2023 profit guidance on 10 July, indicating that the company will report a revenue decline of approx. 34 percent to S$73M and a net loss of approx. S$8M [announcement]. The next day, the stock crashed and burnt, dropping a whopping 15 percent.
It was a good lesson in human psychology, contrasting the market reaction between these two stocks. I suspect the short sellers were hard at work. As a buy-and-hold investor, I'm not too concerned on the price volatility, as long as the company fundamentals remain sound. Nanofilm struck a hopeful tone that 2H2023 revenue ought to be higher than 1H2023 and FY2023 should be profitable.
We shall see.
On the home front, nothing much transpired. July was a lull month. With the hot summer sun blazing, my family wasn't inclined to participate in any outdoor adventure. My kiddos caught the occasional flu bug one after the other. Thankfully, their recovery was smooth.
August will be a happy month, since my wife, my elder son and I will be celebrating our birthdays. (Yes, we are all Leo babies!) Looking forward to the celebrations.
Signing off for now. Until next time!
Nonetheless, the relief rally was welcomed by many. iFast Corporation caught a tailwind as the company reversed from loss into profit in 2Q2023. I sold off my position as the share price rocketed nearly 17 percent. The rationale is to consolidate my capital into fewer (but higher conviction) stocks.
On the flip slide, Nanofilm released its 1H2023 profit guidance on 10 July, indicating that the company will report a revenue decline of approx. 34 percent to S$73M and a net loss of approx. S$8M [announcement]. The next day, the stock crashed and burnt, dropping a whopping 15 percent.
It was a good lesson in human psychology, contrasting the market reaction between these two stocks. I suspect the short sellers were hard at work. As a buy-and-hold investor, I'm not too concerned on the price volatility, as long as the company fundamentals remain sound. Nanofilm struck a hopeful tone that 2H2023 revenue ought to be higher than 1H2023 and FY2023 should be profitable.
We shall see.
On the home front, nothing much transpired. July was a lull month. With the hot summer sun blazing, my family wasn't inclined to participate in any outdoor adventure. My kiddos caught the occasional flu bug one after the other. Thankfully, their recovery was smooth.
August will be a happy month, since my wife, my elder son and I will be celebrating our birthdays. (Yes, we are all Leo babies!) Looking forward to the celebrations.
Signing off for now. Until next time!
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