Reduced 900 Ifast Shares at 8.15
Added 30 000 OTS Holdings Shares at 0.34
As expected, June has been a rather quiet month as a whole for the portfolio.
On one hand, companies like Hanwell and Ifast recorded slight negatives while value counters such as Powermatic Data and Tuan Sing has found some growth.
My view is that both of which are still undervalued at current prices. Although any further price appreciation could be some time away.
OTS Holdings is added as i feel that at current price, the potential growth is not well priced in and if the growth occurs then there could be further appreciation in price.
No other changes were made to the portfolio although there were 3 areas that i was looking at
1) Financials - Could have re-rating due to the chance of dividend limits being removed
2) Shipping - SGX Shipping Company are still laggards compared to regional peers
3) Electronics Manufacturing - Singapore as a relatively low covid case country would be able to respond to orders and bounce back quicker than regional peers.
Overall, i am happy with the results in 1H 2021 and I do expect returns to taper in 2H 2021.