First off, Happy New Year 2026 to all readers, I hope everyone will have a year where they can achieve their aims or make huge progress towards realizing their aims.
December returns is mainly boosted by Nam Lee Metal, Hong Leong Asia and XMH.
2025 Returns come to 107.46%. Represents the full 5th year of operating this imaginary sgx listed stocks only portfolio.
Overall this year, returns have mainly came from Centurion, Wee Hur, Hong Leong Asia , Haw Par , UMS and Moneymax.
There will definitely be changes to this portfolio. The allocation is something that i have to think about rather than the company of choice (which is pretty obvious if readers have read my year end review post)
UMS and NSL will be making their exit. For UMS, there is nothing bad from what i have read as many analyst think that 2026 will be a year of recovery and ramp up.
For NSL, i think earnings will be range bound -10% to +10%.
As such, i decided to switch them for 2 companies that i believe will do well.
I have also reduced stake in Hong Leong Asia to increase allocation to these 2 companies.
Updated Allocation are as follows.
GKE and Infinity Development will be added to the portfolio.
I have spoked a lot about infinity development in previous posts so i will not mention much more. I think it would be weird if my personal portfolio has a company but its not in the imaginary portfolio.
For GKE, i believe their infrastructure segment will do well referencing to cement peers in China as well as the commentary by the company was positive. Although i was expecting a sale instead of a spin-off when they want to explore options. After all, spin-offs have not been largely positive in sgx in the past year (e.g LHN and Coliwoo as well as YZJ Financial Holdings and YZJ Maritime).
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