I have also decided to take profits from M1 and invest the proceeds into Sheng Siong to boost my holdings with them. However, Sheng Siong have not been doing well lately ever since the announcement of issuing 120 million new shares at $0.67 each. The current price ($0.665) now is even lower than that of the placement shares.
The portfolio now have 6 stocks remaining. As the market had taken a beating, I have been looking at a few stocks to purchase, but am torn between injecting fresh funds to the portfolio and saving up a war chest for more opportunities should the market tank further. Will continue to monitor the market and decide October's move later.
September's activities:
10 Sep 2014
Added 2 lots of Sheng Siong
22 Sep 2014
Divested M1 and used the proceeds to add 5 lots of Sheng Siong taking total holdings to 15 lots.
Holding
| Position | Market Value | % of Portfolio |
|---|---|---|---|
| Sheng Siong | 15,000 | $9,975 | 45% |
| Starhub | 1000 | $4,110 | 19% |
| Soilbuild Biz REIT | 4000 | $3,180 | 14% |
| OUE HT | 2000 | $1,820 | 8% |
| AimsAmp Cap REIT | 1000 | $1,435 | 7% |
| Ascendas HT | 2000 | $1,430 | 7% |
| Total | $21,950 | 100% |
*As of 30th September 2014 in Singapore Dollars above
 |
| Portfolio Market Value as of 30th September 2014 |
