CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 440 | 38.05 | 4.00 |
| UOB | 400 | 32.17 | 3.07 |
| OCBC Bank | 700 | 15.10 | 2.53 |
| SGX | 3,200 | 11.42 | 8.73 |
| ST Engineering | 6,900 | 4.66 | 7.68 |
| Powermatic Data | 8,500 | 3.47 | 7.05 |
| TheHourGlass | 19,600 | 1.60 | 7.49 |
| Sheng Siong | 19,100 | 1.53 | 6.98 |
| Micro-Mechanics | 18,400 | 1.61 | 7.08 |
| VICOM Ltd | 21,500 | 1.36 | 6.99 |
| UMS | 31,200 | 1.07 | 7.97 |
| Credit Bureau Asia | 30,100 | 0.93 | 6.69 |
| Nanofilm | 36,100 | 0.865 | 7.46 |
| HRnetGroup | 21,900 | 0.675 | 3.53 |
| TalkMed Group | 34,500 | 0.43 | 3.54 |
| China Sunsine | 41,800 | 0.475 | 4.74 |
| Kimly | 27,000 | 0.325 | 2.10 |
| HC Surgical | 35,500 | 0.28 | 2.37 |
YTD Dividends Received = S$13,275
YTD SBL Fees Received = S$243
Trades
None
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| TheHourGlass | 5,000 | 1.60 | 4.85 |
| Sheng Siong | 8,700 | 1.53 | 8.08 |
| Micro-Mechanics | 5,400 | 1.61 | 5.27 |
| VICOM Ltd | 5,500 | 1.36 | 4.54 |
| Credit Bureau Asia | 5,700 | 0.93 | 3.22 |
| Nanofilm | 12,500 | 0.865 | 6.56 |
| HRnetGroup | 7,500 | 0.675 | 3.07 |
| Kimly | 5,800 | 0.325 | 1.14 |
| HC Surgical | 19,500 | 0.28 | 3.31 |
| NetLink NBN Trust | 108,000 | 0.915 | 59.95 |
Trades
- Sold 10,800 shares of China Sunsine Chemicals.
Singapore Savings Bonds
| Security | Amount | Coupon Now |
|---|---|---|
| GX22120S | S$14,000 | 3.26% |
| 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$20,000 | 3.19% |
Speculative Play
| Security | # shares | Price US$ |
|---|---|---|
| Kep Pacific Oak REIT | 70,000 | 0.27 |
Trades
None
Commentary:
September passed so swiftly. We are down to the last calendar quarter of the year. The U.S. Federal Reserve decided to go ahead with a 50 basis point cut, bringing the Federal Fund Target Rate down to the range between 4.75% and 5.00%. As expected, the local S-Reits found a strong tailwind from this event. The SGX S-REIT Index gained 4.04% month-on-month. The benchmark Straits Times Index was even more impressive, soaring 4.13% over the same period.
Contrary to the jubilant mood in the market, I sat pat on my hands and did not execute any buy trade. It is better to be patient now and wait for the bullishness to recede first. Legendary investor Warren Buffett offered this timeless wisdom in his 1986 Berkshire Hathaway Chairman's Letter [here]:
Be fearful when others are greedy. Greed is clearly visible, with perhaps a touch of fear (of missing out). The S&P 500 Index surged to hit a lifetime high on September 19 after the interest rate cut [news]. That said, what goes up must come down. Call me a fool for missing the ride, but I am keeping my powder dry for a more rational buying level down the road.
Q: Will the opportunity come?
Me: You bet. When the momentum swings the other way.
Q: When will it come?
Me: I don't know, but I ain't losing sleep about it.
I tendered my Silverlake Axis shares and received a cheque as well as 37,100 Redeemable Preferred Shares ("RPS") from the offeror E2I Pte Ltd. The RPS came in the form of a certificate via registered mail. This is my first time holding a private security, and possibly the closest to holding a physical share certificate. All of my other holdings are held electronically within SGX CDP.
I continue to trim my SRS portfolio by selling China Sunsine Chemicals ("CSSC"). CSSC management has been engaging in daily share buyback, so I am pretty sure the company acquired my stake. As mentioned in my previous blog post [here], I am consolidating the holdings in my SRS portfolio for easier monitoring.
In the family, my two kids are having their end-of-year examinations now, with my elder boy going through his PSLE. We try to minimize any outing and social gathering during this stressful period. However, we still make regular visits to the Ang Mo Kio Public Library on weekends. We find the library to be a more conducive place for my kids to revise, compared to staying home. There are simply too many distractions in the house. I am so looking forward to the day when the examinations are over.
Signing off for now. Take care!
Contrary to the jubilant mood in the market, I sat pat on my hands and did not execute any buy trade. It is better to be patient now and wait for the bullishness to recede first. Legendary investor Warren Buffett offered this timeless wisdom in his 1986 Berkshire Hathaway Chairman's Letter [here]:
What we do know, however, is that occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. And the market aberrations produced by them will be equally unpredictable, both as to duration and degree. Therefore, we never try to anticipate the arrival or departure of either disease. Our goal is more modest: we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
Be fearful when others are greedy. Greed is clearly visible, with perhaps a touch of fear (of missing out). The S&P 500 Index surged to hit a lifetime high on September 19 after the interest rate cut [news]. That said, what goes up must come down. Call me a fool for missing the ride, but I am keeping my powder dry for a more rational buying level down the road.
Q: Will the opportunity come?
Me: You bet. When the momentum swings the other way.
Q: When will it come?
Me: I don't know, but I ain't losing sleep about it.
I tendered my Silverlake Axis shares and received a cheque as well as 37,100 Redeemable Preferred Shares ("RPS") from the offeror E2I Pte Ltd. The RPS came in the form of a certificate via registered mail. This is my first time holding a private security, and possibly the closest to holding a physical share certificate. All of my other holdings are held electronically within SGX CDP.
I continue to trim my SRS portfolio by selling China Sunsine Chemicals ("CSSC"). CSSC management has been engaging in daily share buyback, so I am pretty sure the company acquired my stake. As mentioned in my previous blog post [here], I am consolidating the holdings in my SRS portfolio for easier monitoring.
In the family, my two kids are having their end-of-year examinations now, with my elder boy going through his PSLE. We try to minimize any outing and social gathering during this stressful period. However, we still make regular visits to the Ang Mo Kio Public Library on weekends. We find the library to be a more conducive place for my kids to revise, compared to staying home. There are simply too many distractions in the house. I am so looking forward to the day when the examinations are over.
Signing off for now. Take care!
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