CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 440 | 53.93 | 4.07 |
| UOB | 400 | 34.67 | 2.38 |
| OCBC Bank | 700 | 17.03 | 2.05 |
| SGX | 3,200 | 16.93 | 9.30 |
| ST Engineering | 6,900 | 8.49 | 10.05 |
| Powermatic Data | 13,800 | 3.11 | 7.37 |
| TheHourGlass | 19,600 | 2.10 | 7.06 |
| Sheng Siong | 19,100 | 2.32 | 7.61 |
| Micro-Mechanics | 18,400 | 1.78 | 5.62 |
| VICOM Ltd | 21,500 | 1.59 | 5.87 |
| UMS | 31,200 | 1.48 | 7.93 |
| Credit Bureau Asia | 30,100 | 1.26 | 6.51 |
| Riverstone | 40,500 | 0.90 | 6.26 |
| Nanofilm | 36,100 | 0.695 | 4.31 |
| HRnetGroup | 21,900 | 0.74 | 2.78 |
| China Sunsine | 41,800 | 0.735 | 5.27 |
| Kimly | 27,000 | 0.395 | 1.83 |
| HC Surgical | 35,500 | 0.34 | 2.07 |
| Audience Analytics | 38,900 | 0.25 | 1.67 |
YTD Dividends Received = S$14,491
YTD SBL Fees Received = S$541
Trades
- Bought 38,900 shares of Audience Analytics.
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| TheHourGlass | 5,000 | 2.10 | 7.15 |
| Micro-Mechanics | 5,400 | 1.78 | 6.55 |
| Nanofilm | 12,500 | 0.695 | 5.92 |
| HRnetGroup | 7,500 | 0.74 | 3.78 |
| HC Surgical | 19,500 | 0.34 | 4.52 |
| NetLink NBN Trust | 108,000 | 0.98 | 72.09 |
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:
Hiya peeps, hope you enjoyed a fun Halloween!
Prices of precious metals took an interesting development in October. Gold shot past a historic high of US$4,300 before doing a sharp reversal down below US$4,000 near month end. Silver followed a similar trajectory, hitting a peak near US$54.00 before retreating to US$48.55.
We can attribute the run-up to classic speculative fervour. Interestingly, an expert quipped this is just a minor correction before gold resumes its spectacular climb. Central banks are said to be loading up on the shiny metal, having lost confidence in the safe haven US Dollar and are diversifying away from holding the greenback.
Personally, I do not hold gold. Neither do I believe in buying gold as an inflation hedge. Gold "has two significant shortcomings, being neither of much use nor procreative", as Warren Buffett once wrote in the 2011 Berkshire Hathaway shareholder letter. I agree. I would prefer to buy shares in consistently profitable companies instead.
Which was what I did in October. I initiated a new position in exhibitions and media company Audience Analytics Limited by purchasing 38,900 shares for my CDP portfolio. While the company reported dismal 2025 H1 earnings, this looked to be a seasonal phenomenon. Based on the last few years' results, their revenue growth was steady and the firm had been in the black, even through the COVID-19 pandemic. With a strong cash position and minimal debt, I am looking for better performance down the road. Will know the verdict in time to come.
Speaking of time to come, local lender DBS recently released a report titled "Singapore 2040" (you can find it here). One of the bold predictions in the report is that the Singapore Dollar has the potential to hit parity with the US Dollar by 2040.
1 SGD = 1 USD. You serious, bro?
With a fifteen-year horizon, anything can happen. Pundits are already having difficulty projecting where interest rates may end this year, let alone forecasting something more than a decade into the future. Lest you get starry-eyed and plonk down retirement cash to bet on Singapore's next red-hot real estate, do take the report with a pinch of salt. Crystal ball gazers are seldom right on major financial events.
Meanwhile, my younger boy in Primary Five at AMKP has finished his EOY Exams too. He scored an Achievement Level of 7P (Pass for Higher Chinese). Honestly, I wish it was better. We are targeting to participate in the Direct School Admission for Secondary Schools (DSA-Sec) next year. I hope the schools - particularly his dream school HCI - will give him a chance for an interview, as I have seen DSA applicants being rejected outright without even a face-to-face meetup. This is due to high demand for the limited DSA slots in those schools.
We are down to the last two months of 2025. As my family is not travelling abroad, I have ample leave days to clear, so I'm taking a day off each week till the year ends. Loving this four-day work week routine!
Until next time!
Prices of precious metals took an interesting development in October. Gold shot past a historic high of US$4,300 before doing a sharp reversal down below US$4,000 near month end. Silver followed a similar trajectory, hitting a peak near US$54.00 before retreating to US$48.55.
 |
| 1 Year Gold Price in US Dollars per Ounce (Source: goldprice.org) |
 |
| 1 Year Silver Price in US Dollars per Ounce (Source: silverprice.org) |
We can attribute the run-up to classic speculative fervour. Interestingly, an expert quipped this is just a minor correction before gold resumes its spectacular climb. Central banks are said to be loading up on the shiny metal, having lost confidence in the safe haven US Dollar and are diversifying away from holding the greenback.
Personally, I do not hold gold. Neither do I believe in buying gold as an inflation hedge. Gold "has two significant shortcomings, being neither of much use nor procreative", as Warren Buffett once wrote in the 2011 Berkshire Hathaway shareholder letter. I agree. I would prefer to buy shares in consistently profitable companies instead.
Which was what I did in October. I initiated a new position in exhibitions and media company Audience Analytics Limited by purchasing 38,900 shares for my CDP portfolio. While the company reported dismal 2025 H1 earnings, this looked to be a seasonal phenomenon. Based on the last few years' results, their revenue growth was steady and the firm had been in the black, even through the COVID-19 pandemic. With a strong cash position and minimal debt, I am looking for better performance down the road. Will know the verdict in time to come.
Speaking of time to come, local lender DBS recently released a report titled "Singapore 2040" (you can find it here). One of the bold predictions in the report is that the Singapore Dollar has the potential to hit parity with the US Dollar by 2040.
1 SGD = 1 USD. You serious, bro?
With a fifteen-year horizon, anything can happen. Pundits are already having difficulty projecting where interest rates may end this year, let alone forecasting something more than a decade into the future. Lest you get starry-eyed and plonk down retirement cash to bet on Singapore's next red-hot real estate, do take the report with a pinch of salt. Crystal ball gazers are seldom right on major financial events.
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.Switching focus to home, my older boy in Secondary One at HCI has already completed his End-of-Year (EOY) Examinations and is currently enjoying his term break. His grades are average among his peers, with a Mean Subject Grade of 1.57. One fortunate outcome is that he was selected to be a student councillor, which is one of his 2025 goals. A satisfactory ending, I guess.
- Warren Buffett
Meanwhile, my younger boy in Primary Five at AMKP has finished his EOY Exams too. He scored an Achievement Level of 7P (Pass for Higher Chinese). Honestly, I wish it was better. We are targeting to participate in the Direct School Admission for Secondary Schools (DSA-Sec) next year. I hope the schools - particularly his dream school HCI - will give him a chance for an interview, as I have seen DSA applicants being rejected outright without even a face-to-face meetup. This is due to high demand for the limited DSA slots in those schools.
We are down to the last two months of 2025. As my family is not travelling abroad, I have ample leave days to clear, so I'm taking a day off each week till the year ends. Loving this four-day work week routine!
Until next time!
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