Thursday 30 November 2023

(November 2023 Results) How i would invest in the singapore stock market if i had 100k of spare money


November 2023 Returns: 2.75%

Year to Date Returns: 21.92%

Since Inception (9 Sept 2020) Returns: 73.39%

A small increase in returns brings the year to date returns to 21.92%.

With 1 month to go to end of year, lets see how the portfolio fares.

Results Release and Company 3Q Updates have come through for certain companies in November 2023

Powermatic Data - The best of the lot. 

UMS - Dividend Increase a pleasant surprise while revenue continues to be lower year on year due to semiconductor slowdown which is expected. 3Q 2023 has outperformed 2Q 2023 in terms of profit but as this is due to change of inventories, it might not be worth any cheers. Overall a poor year for semiconductor puts this stock at a valuation of around 8-9 sgd eps which is 14-16 PE.

It is a fair price to pay only if earnings does not fall any lower for the next 2 years as we are trading near year highs.

TC Auto - 3Q figures look similar to 1H figures which indicates bad. Apart from that i have nothing good to mention other than waiting for a rebound in sales in BMW if there ever it would be as the sales growth this year has been largely seen in new energy vehicles instead.

China Sunsine - An ouch moment but expected as the downturn continues. 3Q 2023 Net Profit of 65m is pretty bad considering 1H was 194.6m

Centurion - I still have not seen any indications that the revenue has peaked. This is echoed by management 'full impact on rental revenue growth expected to emerge progressively over the coming months, as 1-year tenant leases expire and are renewed at prevailing higher rental rates'

Meanwhile student accomodation has seen revenue around same levels as 1H 2023 /2 .

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