In view of probable higher work commitment in the coming weeks, I decided to update my portfolio review a tad early, 9 days before the end of the month.
S&P 500 Index Fund +5.15%
Straits Times Index Fund -22.16%Tracker Fund of Hong Kong -9.70%
My Portfolio +7.32%
Transactions made this month:
-Purchase of Cross-Harbour for my mum's portfolio
I understand there is significant earning pressure for this company, but there is little need to worry as the asset value (based on its portfolio and cash net of debt) of this stock should indicate an underpricing of about 30-40%. I plan to increase on weakness. Meanwhile a decent yield of 4% reward one for waiting.
I plan to concentrate heavily on this stock.
-Complete divestment of Colex before XD
Divesting a cigar butt that has rewarded me with a 40% return for a period of 1.5 years. Not a huge holding. This business is cheap on asset value, but I suspect it is used by Bonvest to funds its immediate needs by dividends. It might not be wise to hold a mediocre business such as Colex for long.
I used to joke that Colex often "collapse" due to its price plunges when they lost the bid on the Jurong contract. It was heart-warming to see stocks like these finally rewarding you, often due to outcomes or catalyst you would never expect.
-Light purchase of XHP as a risk arbitrage
Not a huge holding, but the 4% gap would bring some relief in case of market volatility. The key, imo, is not to concentrate on 1 stock for risk arbitrage, but many. I am pretty sure the deal will go through, despite XHP not having the cleanest of balance sheets.
Not a huge holding, but the 4% gap would bring some relief in case of market volatility. The key, imo, is not to concentrate on 1 stock for risk arbitrage, but many. I am pretty sure the deal will go through, despite XHP not having the cleanest of balance sheets.
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