CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 440 | 51.15 | 4.01 |
| UOB | 400 | 34.58 | 2.47 |
| OCBC Bank | 700 | 16.44 | 2.05 |
| SGX | 3,200 | 16.53 | 9.43 |
| ST Engineering | 6,900 | 8.61 | 10.59 |
| Powermatic Data | 13,800 | 3.05 | 7.50 |
| TheHourGlass | 19,600 | 2.04 | 7.13 |
| Sheng Siong | 19,100 | 2.08 | 7.08 |
| Micro-Mechanics | 18,400 | 1.78 | 5.84 |
| VICOM Ltd | 21,500 | 1.61 | 6.17 |
| UMS | 31,200 | 1.39 | 7.73 |
| Credit Bureau Asia | 30,100 | 1.33 | 7.14 |
| Riverstone | 40,500 | 0.715 | 5.16 |
| Nanofilm | 36,100 | 0.77 | 4.96 |
| HRnetGroup | 21,900 | 0.72 | 2.81 |
| China Sunsine | 41,800 | 0.785 | 5.84 |
| Kimly | 27,000 | 0.37 | 1.78 |
| HC Surgical | 35,500 | 0.37 | 2.34 |
YTD Dividends Received = S$13,690
YTD SBL Fees Received = S$346
Trades
None
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| TheHourGlass | 5,000 | 2.04 | 7.05 |
| Micro-Mechanics | 5,400 | 1.78 | 6.64 |
| Nanofilm | 12,500 | 0.77 | 6.65 |
| HRnetGroup | 7,500 | 0.72 | 3.73 |
| HC Surgical | 19,500 | 0.37 | 4.99 |
| NetLink NBN Trust | 108,000 | 0.95 | 70.93 |
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% |
YTD Coupons Received = S$2,939
Speculative Play
| Security | # shares | Price US$ |
|---|---|---|
| Kep Pacific Oak REIT | 70,000 | 0.23 |
Trades
None
Commentary:
September ended in a flash. The promise of wonders made possible by Artificial Intelligence (AI) fueled money into AI-related stocks, pushing equity markets to new record highs, where even old-school tech stocks like Oracle Corp has taken flight. The S&P 500 Index was up 3.5 percent month-on-month (MoM). The tech-heavy NASDAQ 100 Index soared 5.4 percent MoM. The local Straits Times Index (STI) climbed 0.7 percent MoM.
On a year-to-date (YTD) basis, the S&P 500 Index has rocketed 13.7 percent, despite the onset of Trump tarriffs. The NASDAQ 100 Index fared better at 17.5 percent YTD. Even the STI managed to gain a significant 13.5 percent over the same period, thanks to the meteoric rise in price for ST Engineering.
All this action. All this fervour. Yet I simply sat on my hands (again) and did nothing. As previously mentioned, when valuations are stretched, this is not the appropriate time to buy. FOMO should never be the reason to invest. Thus I shall continue to keep my powder dry and wait for the optimal opportunity. Right now, cash makes up one third of my portfolio value. Over the long run, holding cash can cause a drag on the return, and I don't intend to remain status quo forever. Markets move in cycles. There will come a point in time when prices revert to a more attractive level for investment.
Medical service provider TalkMed Group was officially delisted on 15 Sep 2025. While I earned a small profit from my holding, it is sad that the pool of fundamentally healthy small caps on the local bourse is shrinking. That said, a couple of listings this year have stirred excitement among the local investment scene. Case in point: Centurion Accomodation REIT was 16.6 times oversubscribed and the REIT closed 9.1 percent higher on its trading debut. Hopefully, the good showing can entice more private firms to follow the same path and go public.
I have reviewed the equity offerings and decided to add a recently IPO-ed stock to my watchlist. Since the company is newly listed and does not have a long reported history of earnings, it is hard to evaluate whether the firm is simply taking advantage of short-term good fortune to list, or the business is strong enough to sustain its operational performance. I shall monitor for a while more.
Investments aside, for parents with children in Primary Six, this must be the most stressful time of the year. The PSLE is currently ongoing. I have heard mixed feedback about this year's Mathematics paper. Some claimed it was so tough that children cried after the paper, while others said it was doable. Regardless of the outcome, I know the children have tried their best. So here is my encouragement to the P6 kiddos - hang in there. Once the PSLE is over, give yourself a pat and enjoy a good break!
Likewise, around this time, my older boy in HCI is having his EOY examinations. Despite my nagging to be prepared, he seems to be pretty chilled about the whole thing. I hope my boy is not taking things too lightly. Pride comes before a fall.
At work, I was assigned to provide technical support to a new New Zealand-based client. The users in this firm are kind, understanding and are pleasant to work with, whom I am grateful (unlike my Hong Kong-based client whom has been my source of chronic work stress). I feel more motivated to engage and serve my new client to the best of my ability. There is the hope that maybe, just maybe, when the time is right, my boss can sponsor a business trip for me to fly to NZ and meet them in person!
Signing off. Take care and have a wonderful October!
On a year-to-date (YTD) basis, the S&P 500 Index has rocketed 13.7 percent, despite the onset of Trump tarriffs. The NASDAQ 100 Index fared better at 17.5 percent YTD. Even the STI managed to gain a significant 13.5 percent over the same period, thanks to the meteoric rise in price for ST Engineering.
All this action. All this fervour. Yet I simply sat on my hands (again) and did nothing. As previously mentioned, when valuations are stretched, this is not the appropriate time to buy. FOMO should never be the reason to invest. Thus I shall continue to keep my powder dry and wait for the optimal opportunity. Right now, cash makes up one third of my portfolio value. Over the long run, holding cash can cause a drag on the return, and I don't intend to remain status quo forever. Markets move in cycles. There will come a point in time when prices revert to a more attractive level for investment.
Medical service provider TalkMed Group was officially delisted on 15 Sep 2025. While I earned a small profit from my holding, it is sad that the pool of fundamentally healthy small caps on the local bourse is shrinking. That said, a couple of listings this year have stirred excitement among the local investment scene. Case in point: Centurion Accomodation REIT was 16.6 times oversubscribed and the REIT closed 9.1 percent higher on its trading debut. Hopefully, the good showing can entice more private firms to follow the same path and go public.
I have reviewed the equity offerings and decided to add a recently IPO-ed stock to my watchlist. Since the company is newly listed and does not have a long reported history of earnings, it is hard to evaluate whether the firm is simply taking advantage of short-term good fortune to list, or the business is strong enough to sustain its operational performance. I shall monitor for a while more.
Investments aside, for parents with children in Primary Six, this must be the most stressful time of the year. The PSLE is currently ongoing. I have heard mixed feedback about this year's Mathematics paper. Some claimed it was so tough that children cried after the paper, while others said it was doable. Regardless of the outcome, I know the children have tried their best. So here is my encouragement to the P6 kiddos - hang in there. Once the PSLE is over, give yourself a pat and enjoy a good break!
Likewise, around this time, my older boy in HCI is having his EOY examinations. Despite my nagging to be prepared, he seems to be pretty chilled about the whole thing. I hope my boy is not taking things too lightly. Pride comes before a fall.
At work, I was assigned to provide technical support to a new New Zealand-based client. The users in this firm are kind, understanding and are pleasant to work with, whom I am grateful (unlike my Hong Kong-based client whom has been my source of chronic work stress). I feel more motivated to engage and serve my new client to the best of my ability. There is the hope that maybe, just maybe, when the time is right, my boss can sponsor a business trip for me to fly to NZ and meet them in person!
Signing off. Take care and have a wonderful October!
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