Monthly Summary of November 2023

 For past 4 weeks, these are the transactions:

• Added CDLH Tr @ $1.00.
• Reduced Sembcorp @ $5.16.
• Added TSLA @ US$224.

Local Portfolio (S$)

Investing: $257285

Market Value: $316612
Accumulated Dividend: $39147 (YTD: $15003)

Oversea Portfolio (US$)

Investing: US$92213
Market Value: US$83051

Accumulated Option Premium: US$38227 (YTD: US$18541)

Monthly Summary of June 2023

 For past 4 weeks, these are the transactions:

• Reduced Sembcorp @ $5.41.
• Added QQQM @ US$146.68.

Local Portfolio (S$)

Investing: $249003

Market Value: $314205
Accumulated Dividend: $32646 (YTD: $8502)

Oversea Portfolio (US$)

Investing: US$102017
Market Value: US$89828

Accumulated Option Premium: US$29550 (YTD: US$9863)

Roller coaster ride in stock markets

for past 3 weeks, especially for Chinese stocks. Most of Chinese stocks shown a bullish reversal candle this week.

For past 3 weeks:

Reduced UOB @ $31.65.
Added ComfortDelgro @ $1.36.
Added STIETF @ $3.178.
Reduced Sembcorp @ $2.70.
Reduced ST Engr @ $3.95.
Added IReit Global @ $0.60.
Added Ascendas Reit @ $2.81.

Are we now moving into stage 4

of China tech market cycles as mentioned in https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/12212/Market-cycles-and-emotions? Only time could tell.

I have started a new position in Ascott Trust when its price plunged below $1 since I always want to invest in a hospitality reit.

Divested some Jardine C&C @ $19.65.

Bought Ascott Trust @ $0.985.
Added AIMS @ $1.47.
Added SembCorp @ $1.89.
Added Mapletree Industrial Trust @ $2.90.
Added Ascendas Reit @ $3.06.
Added 3067 @ HK$13.93.
Divested Palantir @ US$26 (via options).

Are we in the Capitulation phase

for China tech bear market?

No doubt that China tech stocks are in bear market. Using KWEB ETF as reference, its price has dropped about 60% from its peak. The stock price of big China tech stocks such as Alibaba and Tencent, etc. have collapsed about 16% and 12% respectively for the past 1 week with high volume. The price movement looks similar to the Capitulation phase as describe below:

From https://www.investopedia.com/terms/c/capitulation.asp

Capitulation is when investors give up any previous gains in any security or market by selling their positions during periods of declines. Capitulation can happen at any time, but typically happens during high volume trading and extended declines for securities. A market correction or bear market often leads investors to capitulate or panic sell. The term is a derived from a military term which refers to surrender.

From https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/12212/Market-cycles-and-emotions

Stage 3: Panic, capitulation & despondency

In the third stage, people start seeing the realities of a bear market and they may panic and to stop further losses, they in fact, move out of the market altogether. Those who still hold on to be in the market, become despondent and wonder if the markets would ever recover or whether they should stay in the market at all. The irony of the market is that, at these times, investor fails to recognise as currently, they are at the point of a maximum financial opportunity.

Even if we are currently in Capitulation phase, there is no way to tell how long it would last. However, as an investor, we would need to be able to hold through this rainy season.

Divested some Capitaland @ $4.01.
Bought SembCorp @ $1.94.
Added SGX @ $10.67.
Added ST Engineering @ $3.95.
Added 9988 @ HK$167.

Added Palantir @ US$24 (via options).

Reached 50% of my targeted dividend

for this year. I have 5 more months to get the remaining $4k dividend. I am quite confident since dividend are expected to improve for most of the companies. Eg. MAS has lifted dividend cap on Singapore banks :)

I have started to invest into 9988 - Alibaba listed in HK market, and have the intention to convert BABA to 9988 progressively.

Divested all Sembcorp @ $2.05.
Added AIMS @ $1.55.
Added CapitaLand China Tr @ $1.35.

Bought 9988 @ HK$186.20.

STI went below 2500

while Dow & Nasdaq continue to retrace.

Divested about $3400 of SembCorp investment via SembMarine entitlement, and added some of the following:

• Jardine C&C @ $17.95
• SGX @ $8.45
• KWEB @ US$65.98

STI ranged between 2476 and 2528.

STI continues to weaken

and may test 2500 in coming week.

The following companies in my portfolio have released result:

• CapitaMall Trust
• AIMS
• SembCorp

Nibbled on:

• DBS @ $20.66.
• SembCorp @ $1.74.
• ASHR @ US$32.58 (via Tiger Brokers)

STI ranged between 2572 and 2644.

Broaden my portfolio

this week while STI hit a low @ 2574; a 9.3% retracement from recent high.
The next support level is @ 2500.

Added STI ETF @ $2.64, and broaden my portfolio with these purchases:

• AIMS @ $1.22.
• SembCorp @ $1.88.

Left 2 more trading days to close this month.

STI ranged between 2574 to 2652.