No.
|
Company
|
No. of Shares
|
1.
|
DBS
|
2, 300
|
2.
|
Singtel
|
15, 000
|
3.
|
AIMS AMP Capital REIT
|
30, 000
|
4.
|
Frasers Centrepoint Trust
|
15, 000
|
5.
|
SATS
|
3, 000
|
6.
|
OCBC
|
2, 000
|
7.
|
Raffles Medical Group
|
20, 094
|
8.
|
Mapletree Logistics Trust
|
22, 000
|
9.
|
ParkwayLife REIT
|
8, 000
|
10.
|
Keppel DC REIT
|
12, 800
|
11.
|
Frasers Logistics & Industrial Trust
|
13, 000
|
12.
|
Mapletree Commercial Trust
|
8, 000
|
13.
|
Frasers CentrePoint Ltd.
|
5,000
|
14.
|
Comfort DelGro
|
10, 000
|
15.
|
CapitaLand Commercial Trust
|
6, 000
|
16.
|
Sheng Siong
|
27, 000
|
17.
|
Straits Trading Corp
|
3, 000
|
The
latest quarterly results from the local 3 banks have shown that the worst of
O&G NPL woes is over. They enjoy uplift in NIM and loan growth. During the
recent market dip, I added 300 shares of DBS below $27 mainly due to the
management’s commitment to a higher dividend payout moving forward. Annual
dividend per share will double in 2018, from $0.60 to $1.20 per share! A secondary factor is the robust growth momentum
in its wealth management and investment banking fees.
Another stock I accumulated was Sheng Siong, 10k shares at $0.915
back in February. Its strategy of focusing on fresh foods in densely-populated
HDB estates has proven effective against the e-commerce threats of Amazon, HonestBee
and RedMart. Sheng Siong is potentially opening 4 new stores in 2018, with the
joint venture in China finally operational. In my opinion, its China expansion story
has not been fully priced-in yet. Slow & steady growth, just the way I like
it.
The current trade ‘quarrel’ between the US and China has the
risk of turning real ugly, real fast. So far, both sides have flashed their
weapons but not fire any actual bullets yet. Any impulsive tweet from Trump might
send the situation spinning out of control. As an export-driven economy, China
stands to lose out more than America if a trade war erupts. In any trade war, an
economy that depends heavily on exports would almost always lose out more. That’s
why Germany and Japan are also countries more vulnerable in the event of a
global trade war. I am keeping my fingers crossed that common sense and
rationality would prevail in the end. Besides hoping for the best, it is always
prudent to plan for the worst too. So, I am parking half of my investment warchest
in the May issue of Singapore Savings Bonds.
The supreme art of war is to subdue your enemy without
fighting
DK