My portfolio as of 31th October 2007.
1. Auric Pacific (PX < NAV & dividend play)
2. Aqua-Terra Supply
3. Biosensors (Excellent stent products, potential takeover target)
4. China Diary
5. Chemoil
6. China Energy
7. Devotion
8. Ezra
9. IFS Capital (Px < NAV & dividend play)
10. Longcheer
11. Japanland (Japan property & Tokyo Stock Exchange component)
12. KS Energy
13. Mapletree REIT (Dividend play & aggressive growth)
14. New Wave
15. Pacific Andes (Market leader & cheap at this moment)
16. Penguin
17. Pine Agritech
18. Sunpower
19. Sinopipe
20. Sinwa
21. Stratech (Unique product offering)
22. Unifood
23. Vicplas
24. ST Engineering (Dividend & excellent long-term prospects)
The value of this portfolio is about SGD$68k, a decrease of 5.6% over September's value. The decrease was due to the sale of the Labroy counter. As of this date, there are 12 profiting stocks vs 12 losing stocks in my portfolio.
My holdings in Labroy were sold too early (@ SGD$2.44). I did not expect that they would be taken over by another company (Dubai Drydocks offered SGD$2.85). If only I had the patience to hold out a bit longer, I could have obtained a far greater return. Everyone would definitely have said to themselves countless times of "What Ifs". The same is happening to me now. Looking back on the sale of Labroy counter, at least the sale did not result in a loss. Perhaps the timing of holding/selling stocks is a skill that can be polished through time.
Looking forward to FOMC's announcement today. Will the STI break past 4000 in November?
Wednesday, October 31, 2007
Saturday, October 20, 2007
Penguin, Pine Agritech & Stratech
Penguin
Penguin announced on Friday after trading hours on the deferment of the proposed demerger of Penguin Shipyard from Penguin Group until the New Board(SESDAQ) is established and the rules and regulations established. They also announced a special interim dividend of 2.5 cents per ordinary share, payable on 28 Nov 07. The dividend represents a 10.5% yield over my average purchase price of 23.8cents! I expect, despite the plunging of DJ on Friday, strong trading volumes for this counter and a higher price than Friday's closing price (at least 2.5 cents higher).
Pine Agritech
This counter went up to a high of 62.5 cents on 15 Oct and closed at 52.5 cents on Friday. Support is at 51 cents and short-term resistance is at 56 cents. I expect sideway movements in the weeks ahead. If the counter is able to close consistently at higher than 56 cents under strong volumes, the next resistance level is set at 60 cents.
Stratech
The company reported a gross profit of S$151k for the first time, turning from red to black. This is a piece of positive news for this counter and is bound to attract interest from investors. I expect trading volume for this counter to surge as well as its price to increase in the near term.
Penguin announced on Friday after trading hours on the deferment of the proposed demerger of Penguin Shipyard from Penguin Group until the New Board(SESDAQ) is established and the rules and regulations established. They also announced a special interim dividend of 2.5 cents per ordinary share, payable on 28 Nov 07. The dividend represents a 10.5% yield over my average purchase price of 23.8cents! I expect, despite the plunging of DJ on Friday, strong trading volumes for this counter and a higher price than Friday's closing price (at least 2.5 cents higher).
Pine Agritech
This counter went up to a high of 62.5 cents on 15 Oct and closed at 52.5 cents on Friday. Support is at 51 cents and short-term resistance is at 56 cents. I expect sideway movements in the weeks ahead. If the counter is able to close consistently at higher than 56 cents under strong volumes, the next resistance level is set at 60 cents.
Stratech
The company reported a gross profit of S$151k for the first time, turning from red to black. This is a piece of positive news for this counter and is bound to attract interest from investors. I expect trading volume for this counter to surge as well as its price to increase in the near term.
Stocks on SGX set to turn red on Monday
Dow Jones plunged by more than 360 points to close below 13600 on Friday, amidst fears about credit and housing sector, record-high oil prices and continued slide in the US dollar. Expect most of the counters on SGX to turn red on Monday. This could present an excellent opportunity to buy into stocks with strong order books. Shall be looking at increasing my holdings in some stocks within my portfolio .
Recently, a rescue fund was created by Citigroup Inc, Bank of America Corp. and JPMorgan Chase & Co. to buy distressed debts from the credit markets. See here and here. What's significant is not only the massive cash amount but also that the government was also involved in the discussion on the setting up of the rescue fund. Is there something that the government and the three banks know that outsiders do not know? I feel that the creation of such a huge fund seems to imply that worse things are set to surface in the road ahead and they are trying to pre-empt & nullify the situation. Is this enough? Only time will tell...
Recently, a rescue fund was created by Citigroup Inc, Bank of America Corp. and JPMorgan Chase & Co. to buy distressed debts from the credit markets. See here and here. What's significant is not only the massive cash amount but also that the government was also involved in the discussion on the setting up of the rescue fund. Is there something that the government and the three banks know that outsiders do not know? I feel that the creation of such a huge fund seems to imply that worse things are set to surface in the road ahead and they are trying to pre-empt & nullify the situation. Is this enough? Only time will tell...
Monday, October 1, 2007
Singapore Stock Market 1st October 2007
The Singapore market performed well today (1-Oct), with the STI closing at a record high of 3755.22. Some penny counters also surge today. Of special mention is Pine Agritech (one of my portfolio stocks) who make it into the top 20 volume, closing at 54cents against last week's closing of 47cents. I think the surge in price is most likely due to the recent news that China's QDII fund may invest in SGX-listed China stocks. Is this the start of the last lap of the bull run? I shall be keeping a close watch on any opportunity to cash-in on some of my portfolio stocks.
Last Friday after trading hours, Labroy released news that Mr Ng Khim Kiong (Advisor to Group’s Chairman relating to the Company’s Offshore Engineering Division) is leaving the company. This news contradicted what Labroy came out to say last month. They refuted rumours that Mr Ng is leaving when he assumed the advisor role. I feel that something seems to be "missing" here. Disposed all my Labroy shares today @ $2.44.
The Straits Times today reported that the factoring market is projected to grow by 10% each year over the next 3 years. In short, factoring is a specialised financing scheme that fast-growing small businesses can easily tap into by turning their invoices into cash. This piece of news is a boost to IFS Capital (my portfolio stock), who is a major player in the factoring market in Singapore. The other major players include DBS Bank, OCBC Bank and GE Commercial Finance, with DBS Bank the largest in terms of market share. The size of Singapore factoring market is estimated at $6.5 billion while the global market is worth about $2.4 trillion.
Last Friday after trading hours, Labroy released news that Mr Ng Khim Kiong (Advisor to Group’s Chairman relating to the Company’s Offshore Engineering Division) is leaving the company. This news contradicted what Labroy came out to say last month. They refuted rumours that Mr Ng is leaving when he assumed the advisor role. I feel that something seems to be "missing" here. Disposed all my Labroy shares today @ $2.44.
The Straits Times today reported that the factoring market is projected to grow by 10% each year over the next 3 years. In short, factoring is a specialised financing scheme that fast-growing small businesses can easily tap into by turning their invoices into cash. This piece of news is a boost to IFS Capital (my portfolio stock), who is a major player in the factoring market in Singapore. The other major players include DBS Bank, OCBC Bank and GE Commercial Finance, with DBS Bank the largest in terms of market share. The size of Singapore factoring market is estimated at $6.5 billion while the global market is worth about $2.4 trillion.
My Portfolio 28th September 2007
My portfolio as of 28th September 2007.
1. Auric Pacific (PX < NAV & dividend play)
2. Aqua-Terra Supply
3. Biosensors (Excellent stent products, potential takeover target)
4. China Diary
5. Chemoil
6. China Energy
7. Devotion
8. Ezra
9. IFS Capital (Px < NAV & dividend play)
10. Labroy
11. Longcheer
12. Japanland (Japan property & Tokyo Stock Exchange component)
13. KS Energy
14. Mapletree REIT (Dividend play)
15. New Wave
16. Pacific Andes (Market leader & cheap at this moment)
17. Penguin
18. Pine Agritech
19. Sunpower
20. Sinopipe
21. Sinwa
22. Stratech (Unique product offering)
23. Unifood
24. Vicplas
25. ST Engineering (Dividend & excellent long-term prospects)
The value of this portfolio is about SGD$72k, an increase of a meagre 4.3% over August's value. The increase in value is likely to be due to last week's rally in the stock market. As of this date, there are 15 profiting stocks vs 10 losing stocks in my portfolio. Shall be looking at every opportunity to reduce my diversification.
1. Auric Pacific (PX < NAV & dividend play)
2. Aqua-Terra Supply
3. Biosensors (Excellent stent products, potential takeover target)
4. China Diary
5. Chemoil
6. China Energy
7. Devotion
8. Ezra
9. IFS Capital (Px < NAV & dividend play)
10. Labroy
11. Longcheer
12. Japanland (Japan property & Tokyo Stock Exchange component)
13. KS Energy
14. Mapletree REIT (Dividend play)
15. New Wave
16. Pacific Andes (Market leader & cheap at this moment)
17. Penguin
18. Pine Agritech
19. Sunpower
20. Sinopipe
21. Sinwa
22. Stratech (Unique product offering)
23. Unifood
24. Vicplas
25. ST Engineering (Dividend & excellent long-term prospects)
The value of this portfolio is about SGD$72k, an increase of a meagre 4.3% over August's value. The increase in value is likely to be due to last week's rally in the stock market. As of this date, there are 15 profiting stocks vs 10 losing stocks in my portfolio. Shall be looking at every opportunity to reduce my diversification.
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