CDP
| Security | # shares | Price S$ | % |
|---|---|---|---|
| DBS | 440 | 57.12 | 3.70 |
| UOB | 400 | 36.97 | 2.18 |
| OCBC Bank | 700 | 21.43 | 2.21 |
| SGX | 3,200 | 18.20 | 8.58 |
| ST Engineering | 6,900 | 9.97 | 10.14 |
| Powermatic Data | 13,800 | 3.33 | 6.77 |
| Sheng Siong | 19,100 | 2.63 | 7.40 |
| TheHourGlass | 19,600 | 2.46 | 7.11 |
| Micro-Mechanics | 18,400 | 1.98 | 5.37 |
| VICOM Ltd | 21,500 | 1.77 | 5.61 |
| UMS | 39,000 | 1.45 | 8.33 |
| Credit Bureau Asia | 30,100 | 1.27 | 5.63 |
| Info-Tech | 41,400 | 1.12 | 6.83 |
| Riverstone | 40,500 | 0.77 | 4.60 |
| China Sunsine | 41,800 | 0.76 | 4.68 |
| HRnetGroup | 21,900 | 0.75 | 2.42 |
| Nanofilm | 36,100 | 0.65 | 3.46 |
| Kimly | 27,000 | 0.40 | 1.59 |
| HC Surgical | 35,500 | 0.355 | 1.86 |
| Audience Analytics | 38,900 | 0.265 | 1.52 |
YTD Dividends Received = S$1,174
YTD SBL Fees Received = S$73
Trades
None
SRS
| Security | # shares | Price S$ | % |
|---|---|---|---|
| TheHourGlass | 5,000 | 2.46 | 8.17 |
| Micro-Mechanics | 5,400 | 1.98 | 7.10 |
| NetLink NBN Trust | 108,000 | 0.99 | 71.00 |
| HRnetGroup | 7,500 | 0.75 | 3.74 |
| Nanofilm | 12,500 | 0.65 | 5.40 |
| HC Surgical | 19,500 | 0.355 | 4.60 |
Trades
None
Singapore Savings Bonds
| Security | Amount | Coupon Now |
|---|---|---|
| GX22120S | S$14,000 | 3.58% |
| GX23010Z | S$15,000 | 3.25% |
| 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$866
Speculative Play
| Security | # shares | Price US$ |
|---|---|---|
| KORE US REIT | 70,000 | 0.215 |
Trades
None
Commentary:
With the passing of Lunar New Year, the festive spirit is gone and life has kicked into full gear.
A surprising twist occurred in February as the U.S. Supreme Court ruled against President Donald Trump's use of tariffs, rendering it illegal [news]. But Trump's team immediately jumped at another legislation and raised the global duty on imports into the United States to 15 percent the next day [news]. It is clear that Trump is not giving up without a fight.
After the stellar climb last year, the markets are taking a breather and heading lower. The S&P 500 Index closed 0.87 percent lower MoM. The tech-heavy NASDAQ 100 Index faced heavy selloff due to AI fears and slumped 2.32 percent MoM. Meanwhile, the local Straits Times Index bucked the trend and closed 1.83 percent higher MoM.
The local banks handed in a mixed report card for Q4 2025.
DBS Group total income dropped 3.2 percent YoY to S$5.33 billion; net income, excluding one-time items, dropped 10 percent YoY to S$2.36 billion. A final dividend of S$0.81 per share was declared, bringing the total dividend for the full year to S$3.06 per share.
UOB total income dropped 5.0 percent YoY to S$3.29 billion; net income dropped 7.4 percent YoY to S$1.41 billion. A final dividend of S$0.71 per share was declared, bringing the total dividend for the full year to S$1.56 per share.
OCBC Bank total income rose 5.9 percent YoY to S$3.62 billion; net income rose 3.4 percent to S$1.75 billion. A final dividend of S$0.42 per share was declared, as well as a special dividend of S$0.16 per share. This brings the total dividend for the full year to S$0.99 per share.
A new counter in my CDP portfolio, Info-Tech turned in a pretty good set of FY2025 result. Total revenue rose 29 percent YoY to S$56.5 million. Adjusted profit after tax rose 46 percent YoY to S$18.0 million. A final dividend of S$0.0195 per share was declared, bringing the total dividend for the full year to S$0.035 per share.
The sole counter in my Speculative Playbook, KORE US REIT has finally declared a distribution of 0.25 US Cents per unit after a hiatus of two years. The market reaction has been muted, much to my dismay. I guess Trump's tariffs have thrown a spanner in the works, clouding the future of the U.S. economy, which in turn makes the prospect of U.S. real estate murky. I am contemplating whether to sell off my holding at the current prevailing price, or hold on for better return when the storm clears. No quick decision on this one.
As usual, I did not trade in February. Markets are neither expensive nor cheap. Saving up my capital for better opportunities down the road.
At work, I adjusted into my new role which involves collaborating with colleagues from other departments to solve clients' complex Production issues as well as to reply prospective clients' Request for Proposal. Since it is a new job posting with no precedence, Management has only provided very general guidelines of the KPIs. Annual performance evaluation will likely remain subjective among the ten of us in this role globally, depending on how much value we contribute to the firm.
At home, my two boys are tackling their Term Paper 1. I have reminded them to stay on top of their studies and fortify their knowledge through assessment book practices. I hope they have taken my nagging to heart.
Signing off for now. Take care, my friends!
A surprising twist occurred in February as the U.S. Supreme Court ruled against President Donald Trump's use of tariffs, rendering it illegal [news]. But Trump's team immediately jumped at another legislation and raised the global duty on imports into the United States to 15 percent the next day [news]. It is clear that Trump is not giving up without a fight.
After the stellar climb last year, the markets are taking a breather and heading lower. The S&P 500 Index closed 0.87 percent lower MoM. The tech-heavy NASDAQ 100 Index faced heavy selloff due to AI fears and slumped 2.32 percent MoM. Meanwhile, the local Straits Times Index bucked the trend and closed 1.83 percent higher MoM.
The local banks handed in a mixed report card for Q4 2025.
DBS Group total income dropped 3.2 percent YoY to S$5.33 billion; net income, excluding one-time items, dropped 10 percent YoY to S$2.36 billion. A final dividend of S$0.81 per share was declared, bringing the total dividend for the full year to S$3.06 per share.
UOB total income dropped 5.0 percent YoY to S$3.29 billion; net income dropped 7.4 percent YoY to S$1.41 billion. A final dividend of S$0.71 per share was declared, bringing the total dividend for the full year to S$1.56 per share.
OCBC Bank total income rose 5.9 percent YoY to S$3.62 billion; net income rose 3.4 percent to S$1.75 billion. A final dividend of S$0.42 per share was declared, as well as a special dividend of S$0.16 per share. This brings the total dividend for the full year to S$0.99 per share.
A new counter in my CDP portfolio, Info-Tech turned in a pretty good set of FY2025 result. Total revenue rose 29 percent YoY to S$56.5 million. Adjusted profit after tax rose 46 percent YoY to S$18.0 million. A final dividend of S$0.0195 per share was declared, bringing the total dividend for the full year to S$0.035 per share.
The sole counter in my Speculative Playbook, KORE US REIT has finally declared a distribution of 0.25 US Cents per unit after a hiatus of two years. The market reaction has been muted, much to my dismay. I guess Trump's tariffs have thrown a spanner in the works, clouding the future of the U.S. economy, which in turn makes the prospect of U.S. real estate murky. I am contemplating whether to sell off my holding at the current prevailing price, or hold on for better return when the storm clears. No quick decision on this one.
As usual, I did not trade in February. Markets are neither expensive nor cheap. Saving up my capital for better opportunities down the road.
At work, I adjusted into my new role which involves collaborating with colleagues from other departments to solve clients' complex Production issues as well as to reply prospective clients' Request for Proposal. Since it is a new job posting with no precedence, Management has only provided very general guidelines of the KPIs. Annual performance evaluation will likely remain subjective among the ten of us in this role globally, depending on how much value we contribute to the firm.
At home, my two boys are tackling their Term Paper 1. I have reminded them to stay on top of their studies and fortify their knowledge through assessment book practices. I hope they have taken my nagging to heart.
Signing off for now. Take care, my friends!
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