(May 2024 Results) How i would invest in the singapore stock market if i had 100k of spare money

 

May 2024 Returns: 3.84%

Year to Date Returns: 9.36%

Since Inception (9 Sept 2020) Returns: 90.65%

I am going to ring quite some changes. But first i will give my short thoughts on some results that have been announced in May.

UMS: I think results will continue similar trend of lower for the full year.

Straco: 3Q still the key for the company. 1Q 2024 Profits still below 1Q 2019. Singapore Tourism Numbers still lower than pre-covid.

Powermatic: Dividend Maintained. Apart from that i think this year will be a bad year given its guidance that margins might be affected...along with the need of its cash to do its redevelopment. A slow and long waiting game might be on the horizon.

China Sunsine: Some Improvement in Net Profit from 1Q 2023 67m to 1Q 2024 85m. Better Gross Profit Margin and Higher Revenue Despite lower Average Selling Prices.

Centurion: No surprises in the improvement in revenue.

Changes to be made to the imaginary portfolio

Additions: GKE , Wee Hur, Choo Chiang, Moneymax

Removal: Powermatic Data , Straco (again)

The removal of Straco is a sign of my thinking that the positioning of its China Aquarium might be different from where it was pre-covid.

The removal of Powermatic Data is a sign of moving from passive/conservative towards a more aggressive stance, i think i will be back when signs show that sales are good but there are a lot of smart money which is why despite a lacklustre top-line and margins, the price barely moved much after results announcement.

Out of the 4 that i have added, my conviction is very mixed across the 4.

Wee Hur - The recent rise in price has led to a smaller than intended addition. I am pretty sure we will see the price drop to below 20 cents if volume is not sustained. That is when i think i will add again by rebalancing the portfolio. However, i want to have some participation which is represented by the 8.67% weightage. Overall i think this could be a black horse to student and workers accommodation exposure (but i need to see if the 1H 2024 Results match the expectations). Conviction Level: 3.1/5

Choo Chiang - This is another company that i think will be ok. With HDB Transactions up 8% in Q1 2024, i think there is some tailwinds along with the growing construction industry. 

Conviction Level: 3/5

Moneymax - This is just purely riding on the gold price trend. Conviction Level: 2.5/5

GKE - It took me a very long time to decide on this. This is because there are some parts of the business that i have heard stories about, also because certain portions of the business is hard to assess. What made me think that the company is interesting is ..........the recent share buybacks, its first since 2020 and the recent port congestion might benefit logistics players like GKE who has yard space for container storage as well.

Conviction Level: ?/5 . It is either i am a 0 or i am a 5. Realistically, with the buyback of shares, it should be around 2.3

With that, the edition of this month has come to an end. Hopefully the positioning of the portfolio will bring about better results.

Meanwhile i will head back to K-POP Related Video / Pic.

(Dishing out Hearts and hopefully the portfolio receives love)

As an ending spoiler note for reaching the end, out of the 4 that i have added in the imaginary portfolio, currently 2 have made the cut for possible inclusion into my own portfolio. 

However, i am still in the midst of researching and thinking about it.