CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 440 | 54.20 | 4.08 |
| UOB | 400 | 33.98 | 2.33 |
| OCBC Bank | 700 | 18.50 | 2.22 |
| SGX | 3,200 | 16.86 | 9.24 |
| ST Engineering | 6,900 | 8.30 | 9.81 |
| Powermatic Data | 13,800 | 3.00 | 7.09 |
| TheHourGlass | 19,600 | 2.25 | 7.55 |
| Sheng Siong | 19,100 | 2.72 | 8.90 |
| Micro-Mechanics | 18,400 | 1.65 | 5.20 |
| VICOM Ltd | 21,500 | 1.62 | 5.96 |
| UMS | 31,200 | 1.39 | 7.43 |
| Credit Bureau Asia | 30,100 | 1.27 | 6.55 |
| Riverstone | 40,500 | 0.825 | 5.72 |
| Nanofilm | 36,100 | 0.655 | 4.05 |
| HRnetGroup | 21,900 | 0.735 | 2.76 |
| China Sunsine | 41,800 | 0.785 | 5.62 |
| Kimly | 27,000 | 0.385 | 1.78 |
| HC Surgical | 35,500 | 0.34 | 2.07 |
| Audience Analytics | 38,900 | 0.25 | 1.67 |
YTD Dividends Received = S$17,516
YTD SBL Fees Received = S$580
Trades
None
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| TheHourGlass | 5,000 | 2.25 | 7.77 |
| Micro-Mechanics | 5,400 | 1.65 | 6.16 |
| Nanofilm | 12,500 | 0.655 | 5.66 |
| HRnetGroup | 7,500 | 0.735 | 3.81 |
| HC Surgical | 19,500 | 0.34 | 4.58 |
| NetLink NBN Trust | 108,000 | 0.965 | 72.02 |
Trades
None
Singapore Savings Bonds
| Security | Amount | Coupon Now |
|---|---|---|
| GX22120S | S$14,000 | 3.58% |
| 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$3,260
Speculative Play
| Security | # shares | Price US$ |
|---|---|---|
| Kep Pacific Oak REIT | 70,000 | 0.24/td> |
Trades
None
Commentary:
Did you grab any good offer on Black Friday?
Alas, unlike the exciting deals on Shopee, I did not find any tantalising stock buy. As the markets traded rangebound, I stayed on the sidelines and focused on my work instead. A quick look at the indices - the S&P 500 Index closed flat in November, while the tech-heavy NASDAQ 100 Index sank 1.6 percent for the month. Our local Straits Times Index bucked the trend and climbed 2.2 percent over the same period.
JPMorgan recently put out a note, saying that DBS could get “unjustifiably expensive”, and UOB may face volatility over the next six months [news]. At a current forward P/E of 13.55 compared to the 5-year average P/E of around 10, DBS price is indeed on the high side. Caveat emptor is the word of the day if you are looking to load up on the local bank stocks.
After some back-and-forth between the Democrats and Republicans, U.S. President Trump signed the latest spending bill, finally ending the longest U.S. government shutdown in history. Debate is ongoing whether the Fed will cut interest rate during its last meeting for the year on 9-10 December. Punters believe there is a high 86 percent chance of doing so, according to CME's FedWatch.
On the home front, both of my kids have ended their academic year and are enjoying a well-deserved break from school. That said, my wife and I still insist on them finishing up their assessment books. The six-week holiday does not imply forgoing their revision. I want my kids to keep their knowledge sharp, so that they can start next year on a good footing.
Additionally, I try to pack activities for my two boys, so that they will not idle their time away. My older boy still has his Sunday fencing lesson with his coach at the club. Additionally, he will make his debut at the National Age Group 2025 (chess competition) in December, organised by the Singapore Chess Federation. I hope my boy gets a good FIDE rating for an amateur. Lastly, I have signed him up for a weeklong cooking class for teens, organised by Camp Asia. I hope he learns some decent kitchen skills, which will come in handy when my wife and I are busy at work.
Meanwhile, my younger boy is training for the FIRST Lego League Singapore (robotics competition), which is held in March 2026. I have also signed him up for a DSA Preparatory Programme, in which the coach will guide my boy to prepare his portfolio, as well as train him in handling the DSA interview competently. Our goal is to secure a coveted spot in HCI, where his older brother is currently studying. Finally, I enrolled my younger boy in a crash course for Mandarin public speaking, so as to brush up his oral skills for the PSLE next year.
Speaking of PSLE, the 2025 result was announced last Tuesday. I read several heart-breaking recounts by parents who felt guilty that they had not prepared their kids well for the examinations. There were also stories about children crying after receiving their results, as they scored worse than expected. Selecting the six choices for secondary school posting has become a national sport of strategic manoeuvre, judging from the hundreds of Facebook posts from parents seeking validation on their list of secondary school choices for their kids. The stress is intense and real.
Erm, enough of the sombre stuff.
On a lighter note, we are one month to the end of the year. December is my favourite month, when the festive spirit is in the air, and my clients & bosses start to clear their annual leave. Work should be lighter in the office (I hope). Looking back to the first eleven months, I am grateful that 2025 has been relatively smooth for me, save for a bout of illness that had me down in the dumps, and the usual work stress that comes from serving a demanding Enterprise Client. All in all, no complaint for how things have turned out.
Signing off for now. Here's wishing my friends an early Merry Christmas and a wonderful start to the New Year!
Alas, unlike the exciting deals on Shopee, I did not find any tantalising stock buy. As the markets traded rangebound, I stayed on the sidelines and focused on my work instead. A quick look at the indices - the S&P 500 Index closed flat in November, while the tech-heavy NASDAQ 100 Index sank 1.6 percent for the month. Our local Straits Times Index bucked the trend and climbed 2.2 percent over the same period.
JPMorgan recently put out a note, saying that DBS could get “unjustifiably expensive”, and UOB may face volatility over the next six months [news]. At a current forward P/E of 13.55 compared to the 5-year average P/E of around 10, DBS price is indeed on the high side. Caveat emptor is the word of the day if you are looking to load up on the local bank stocks.
After some back-and-forth between the Democrats and Republicans, U.S. President Trump signed the latest spending bill, finally ending the longest U.S. government shutdown in history. Debate is ongoing whether the Fed will cut interest rate during its last meeting for the year on 9-10 December. Punters believe there is a high 86 percent chance of doing so, according to CME's FedWatch.
On the home front, both of my kids have ended their academic year and are enjoying a well-deserved break from school. That said, my wife and I still insist on them finishing up their assessment books. The six-week holiday does not imply forgoing their revision. I want my kids to keep their knowledge sharp, so that they can start next year on a good footing.
Additionally, I try to pack activities for my two boys, so that they will not idle their time away. My older boy still has his Sunday fencing lesson with his coach at the club. Additionally, he will make his debut at the National Age Group 2025 (chess competition) in December, organised by the Singapore Chess Federation. I hope my boy gets a good FIDE rating for an amateur. Lastly, I have signed him up for a weeklong cooking class for teens, organised by Camp Asia. I hope he learns some decent kitchen skills, which will come in handy when my wife and I are busy at work.
Meanwhile, my younger boy is training for the FIRST Lego League Singapore (robotics competition), which is held in March 2026. I have also signed him up for a DSA Preparatory Programme, in which the coach will guide my boy to prepare his portfolio, as well as train him in handling the DSA interview competently. Our goal is to secure a coveted spot in HCI, where his older brother is currently studying. Finally, I enrolled my younger boy in a crash course for Mandarin public speaking, so as to brush up his oral skills for the PSLE next year.
Speaking of PSLE, the 2025 result was announced last Tuesday. I read several heart-breaking recounts by parents who felt guilty that they had not prepared their kids well for the examinations. There were also stories about children crying after receiving their results, as they scored worse than expected. Selecting the six choices for secondary school posting has become a national sport of strategic manoeuvre, judging from the hundreds of Facebook posts from parents seeking validation on their list of secondary school choices for their kids. The stress is intense and real.
Erm, enough of the sombre stuff.
On a lighter note, we are one month to the end of the year. December is my favourite month, when the festive spirit is in the air, and my clients & bosses start to clear their annual leave. Work should be lighter in the office (I hope). Looking back to the first eleven months, I am grateful that 2025 has been relatively smooth for me, save for a bout of illness that had me down in the dumps, and the usual work stress that comes from serving a demanding Enterprise Client. All in all, no complaint for how things have turned out.
Signing off for now. Here's wishing my friends an early Merry Christmas and a wonderful start to the New Year!
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