Saturday, May 31, 2025

Portfolio Summary for May 2025

As of 31 May 2025

CDP

Security # shares Price S$ %
DBS 440 44.72 4.09
UOB 400 35.41 2.95
OCBC Bank 700 16.23 2.36
SGX 3,200 14.02 9.33
ST Engineering 6,900 7.82 11.23
Powermatic Data 13,800 2.39 6.86
TheHourGlass 19,600 1.60 6.52
Sheng Siong 19,100 1.81 7.19
Micro-Mechanics 18,400 1.58 6.05
VICOM Ltd 21,500 1.44 6.44
UMS 31,200 1.17 7.59
Credit Bureau Asia 30,100 1.32 8.27
Riverstone 14,600 0.685 2.08
Nanofilm 36,100 0.535 4.02
HRnetGroup 21,900 0.67 3.05
TalkMed Group 34,500 0.445 3.19
China Sunsine 41,800 0.555 4.83
Kimly 27,000 0.325 1.83
HC Surgical 35,500 0.285 2.11
Portfolio Value = S$480,636
YTD Dividends Received = S$7,750
YTD SBL Fees Received = S$177

Trades
- Bought 14,600 shares of Riverstone Holdings.
- Bought 3,000 shares of Powermatic Data Systems.

SRS

Security # shares Price S$ %
TheHourGlass 5,000 1.60 6.29
Micro-Mechanics 5,400 1.58 6.71
Nanofilm 12,500 0.535 5.26
HRnetGroup 7,500 0.67 3.95
HC Surgical 19,500 0.285 4.37
NetLink NBN Trust 108,000 0.865 73.43
Portfolio Value = S$127,222

Trades
- Sold 5,500 shares of VICOM Ltd.

Singapore Savings Bonds

Security Amount Coupon Now
GX22120S S$14,000 3.28%
GX23010Z S$15,000 2.95%
GX23110V S$20,000 3.21%
GX23120Z S$20,000 3.30%
GX24060A S$20,000 3.26%
GX24070S S$20,000 3.26%
GX24080W S$20,000 3.19%
Portfolio Value = S$129,000
YTD Coupons Received = S$1,187

Speculative Play

Security # shares Price US$
Kep Pacific Oak REIT 70,000 0.189
Portfolio Value = US$13,230

Trades
None


Commentary:
Markets have been in a positive recovery mode throughout the month.  The local Straits Times Index closed up 1.62 percent MoM.  In comparison, the regional-focused MSCI Asia Pacific Index closed up 4.55 percent, while the U.S.-centric S&P 500 Index closed up a significant 6.15 percent.

U.S. President Donald Trump's retaliatory tarriffs were initially blocked by the U.S. trade court [news], which provided hope of a reprieve for exporting countries to America.  Alas, the joy was short-lived, as the U.S. appeals court reinstated Trump's tarriffs just hours later [news].

Things will stay status quo for some time to come.

I initiated a new position in rubber glove maker Riverstone Holdings for my CDP portfolio.  I have been watching this stock for some time now.  So far, the profit margins have remained healthy and the company's dividend history has been consistent.  It is a good example of the companies I would like to hold for the long term.  I will accumulate when there is a good opportunity.

I also added some shares of Powermatic Data Systems prior to the announcement of their fiscal result.  FY2025 revenue was halved YoY from a high base, while net profit slipped 22 percent YoY.  The board declared a dividend of 5 Singapore cents per share, same as the previous year (without the one-off special dividend).

I continued to whittle down my SRS portfolio by selling VICOM Ltd.  As planned, I will concentrate my SRS portfolio in just one or two counters for easier management.

As the dividends start to stream in, bolstering my income, I am grateful that my years of equity investment have borne fruit.  The companies in my CDP portfolio are fundamentally strong, with stable recurring revenue and double-digit margins.  Most of them have little to no debt.  While some companies had experienced revenue decline this fiscal year, they remain profitable and are able to continue dividend distribution.  My purpose for investing in these companies is to have dividend cash replace my salary income during my retirement.

Investment aside, this is the month where several secondary schools held their Open House.  I brought my younger son to visit National Junior College, Catholic High School as well as Hwa Chong Institution (HCI), where his older brother is currently studying.  Even though my younger boy is still in Primary Five, this is a good chance to visit the different schools and look at the study environment.  Of the three, HCI impresses me the most, with its lush greenery and seventy-two acres of school compound.  I hope my younger son will be capable enough to join his older brother in the same school.

Signing off for now.  Take care!



Enjoyed this post? Never miss out new posts by subscribing here.

Thursday, May 1, 2025

Portfolio Summary for April 2025

As of 30 April 2025

CDP

Security # shares Price S$ %
DBS 440 42.45 4.12
UOB 400 34.64 3.05
OCBC Bank 700 16.15 2.49
SGX 3,200 14.36 10.13
ST Engineering 6,900 7.41 11.27
Powermatic Data 10,800 2.45 5.83
TheHourGlass 19,600 1.57 6.78
Sheng Siong 19,100 1.76 7.41
Micro-Mechanics 18,400 1.64 6.65
VICOM Ltd 21,500 1.35 6.40
UMS 31,200 1.08 7.43
Credit Bureau Asia 30,100 1.28 8.49
Nanofilm 36,100 0.525 4.18
HRnetGroup 21,900 0.695 3.36
TalkMed Group 34,500 0.44 3.35
China Sunsine 41,800 0.545 5.02
Kimly 27,000 0.32 1.90
HC Surgical 35,500 0.27 2.11
Portfolio Value = S$453,552
YTD Dividends Received = S$1,658
YTD SBL Fees Received = S$100

Trades
None

SRS

Security # shares Price S$ %
TheHourGlass 5,000 1.57 5.61
Micro-Mechanics 5,400 1.64 6.33
VICOM Ltd 5,500 1.35 5.30
Nanofilm 12,500 0.525 4.69
HRnetGroup 7,500 0.695 3.72
HC Surgical 19,500 0.27 3.76
NetLink NBN Trust 108,000 0.915 70.59
Portfolio Value = S$139,991

Trades
None

Singapore Savings Bonds

Security Amount Coupon Now
GX22120S S$14,000 3.28%
GX23010Z S$15,000 2.95%
GX23110V S$20,000 3.21%
GX23120Z S$20,000 3.30%
GX24060A S$20,000 3.26%
GX24070S S$20,000 3.26%
GX24080W S$20,000 3.19%
Portfolio Value = S$129,000
YTD Coupons Received = S$866

Speculative Play

Security # shares Price US$
Kep Pacific Oak REIT 70,000 0.199
Portfolio Value = US$13,930

Trades
None


Commentary:
April has been a volatile month, to say the least.  Stock markets around the world experienced huge whipsaws near the start of the month.  Investors hung on tightly to the roller-coaster ride, deciphering every word coming out of the U.S. Administration to divinate what is to come.  As U.S. President Donald Trump pushed through his tarriff policy, every trading partner of America was impacted.  This caused shock and consternation among many countries.  None was spared the baseline 10 percent charge.

Nations, including Japan and South Korea, are busily negotiating for better deal terms, but no new agreement has been announced yet.  Only China seems to remain defiant, gearing up for a protracted fight while rolling out stimulus for its own faltering economy.  In this economic tug-of-war, nobody is a clear winner, as much as Trump would want America to be.

As markets gyrated with ferocity, I stayed on the sidelines.  I did not execute any trade this month.  While the local bank stocks have fallen from their all-time high, their valuations are still not cheap, compared to recessionary periods.  I will continue to be in observation mode.

Nothing much has changed for me at the workplace, or at home.  I have started to pay more attention to my younger son's development in school.  He is currently in Primary Five, and will sit for the PSLE next year.  He has shown an interest in Robotics, having represented his school in the National Robotics Competition last year.  This May, he will represent his school again in the National Robotics Programming Competition.  Come September, he will compete in the World Robot Olympiad RoboMission Elementary category.  I hope to build his portfolio in Robotics, so that he has an opportunity to participate in the Direct School Admission selection next year.

Singaporeans will go to the polls in three days' time.  Fair to say, many eyes will be on the Election result.  Will the ruling party continue to win a great majority of the seats, thereby giving a clear mandate to the Prime Minister to pursue his agenda, or will the Opposition parties see more members make it into Parliament, thus strengthening the grassroots' voice for check and balance on the government?  Only time will tell.

Stay safe, my friends!




Enjoyed this post? Never miss out new posts by subscribing here.