Delfi (former Petra Foods)
Hong Leong Finance
There is also about 30k in cash sitting the portfolio following sales. At current market value, the total portfolio is just under water for the first time in many years. I also have a fair bit of company shares that are listed overseas.
My position is that the market will be bumpy going into the second half of 2018. This has been true to a large extent. After peaking at about 3,600 on 30th of April, the market has been largely below its start point in 2018. The STI is currently at the same level it started on 1 July, the start of the second half of 2018. It has lost in a few days, most of its gains in the recent mini rally.
I am trying to selling my thinly-traded stocks for quite some time and I am open to your comments below. I am currently of the thinking that it might be okay to sell the shares bit-by-bit and incurring multiple trading fees. This is because there are insufficient bids to clear my holdings in one trade. As a long term investor, I am looking to preserve my capital and hunker down in cash as the bear market which I think is happening makes its second and more scary plunge.
The first plunge occurred from 30th April to 1 July, wiping out 400 points, or 12% off the index in 2 months. I expect the STI to visit 2,850-2,950 in the coming 4-6 months via the second and more scary plunge. With a combined duration of 6-8 months, this will probably be the shortest bear market we will see at least in my lifetime. I will try to go into cash (I have been trying for some time) or accumulate cash and pick up some good stocks just before Chinese New year 2019.
Do your own due diligence. Your mileage may vary. I am just sharing my views.