Share Investment Mar 21 Part 1

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We're still in a pandemic crisis a year on. This is the latest yearly update:

Initiated position in:

(1) Micro-Mechanics

Recommended by The Smart Investor. "Micro-mechanics is primarily focused on the semiconductor industry, manufacturing consumable tools and parts for the assembly and testing of semiconductors. It also provides contract manufacturing of precision parts and tools for semiconductor wafer fabrication and other high-technology industries."

Reason for inclusion, as articulated by the investment club:

  • A high proportion of recurring revenue
  • Diversified customer base
  • Strong financial track record
  • Positive tailwinds

(2) ParkwayLife REIT

Recommended by The Smart Investor. "ParkwayLife REIT (SGX: C2PU) has 53 healthcare-focused properties in Singapore and Japan, along with strata-titled lots at Gleneagles Intan Medical Centre, Malaysia.

In Singapore, the REIT houses three private hospitals, namely Mount Elizabeth Hospital, Gleneagles Hospital, and Parkway East Hospital. Over in Japan, the REIT owns 48 nursing homes and a pharmaceutical products distribution and manufacturing facility."

Reason for inclusion, as articulated by the investment club:

  • Track record of growth in distribution per unit
  • A favourable tenant lease structure 
  • Tailwinds from a fast-growing health-care sector in Asia Pacific
  • High-interest coverage ratio

(3) SIA

Speculative purchase. As evidenced by the first supplementary budget during the pandemic, Singapore government tries their best to let let SIA close down. So before the second supplemtary budget was announced, I initiated a small position. A month later, it was up 20% and yet pandemic is still not over. I am optimistic that it will rise much further once air travel normalises. I will definitely sell then, if not earlier.


Sold shares in:

(1) Top Glove

A friend was so convinced that I would be better off selling these shares than to hold it that he offered to pay me the upside over the next two years, if it happened. That is if the dividends I was supposed to collect within these two years plus the market value of the share in two years time exceed the sale proceed, he would pay me the difference. I didn't mind taking up on his offer because it was already in the black by a lot then and that it was a growth stock, rather than an income stock. 

(2) iFast Corporation

Pared down my exposure to this counter when its share price double my cost price in just over 2 years. The shocking thing is that since then it had increased about fivefold @@


Also, Capital Commercial Trust merged with CapitaMall Trust and renamed as CapitaLand Integrated Commercial Trust.


As at 12 Mar 21, I have investment in 34 companies (I've also indicated whether their source of business is solely in Singapore only or not):

AIMS-AMP Industrial REIT (Singapore only)
ARA LOGOS Logistics Trust (formerly Cache Logistics Trust) (Singapore only)
Ascott Trust
Boustead Singapore Ltd
Boustead Project
CapitaRetailChina REIT
CapitaLand
CapitaLand Integrated Commercial Trust (Singapore only)
ComfortDelGro
DBS
First REIT
Fraser Centrepoint Trust
HRnet Group
iFast Corporation
Keppel Corp
Mapletree Commercial Trust (Singapore only)
Mapletree Industrial Trust
Micro-Mechanics
Nordic
OCBC
ParkwayLife REIT
SATS
SBS Transit (Singapore only)
SGX
SIA
SIA Engineering
Singapore Press Holdings
Singpost
Singapore Shipping Corp
Singapore O&G (Singapore only)
SingTel
UOB
VICOM (Singapore only)
Venture Corp

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