STI recovered to 3221 points by the end of July 2013. It was a decent month for investors as markets are more confident of the US recovery story. Also, back in S'pore, the numbers for economic data are decent and that supported the market as well.
For this month, I have attended the following AGMs/EGMs/briefings - Far East Orchard, MapleTree Logistics Trust, Metro Holdings, Global Logistic Properties, MapleTree Industrial Trust, SIA Engineering, Azeus, MapleTree Commercial Trust, Bukit Sembawang Estates, Latitude Tree, SATS, Boustead, Valuetronics, Eastern Holdings, Pan Pacific Hotels Group, Fischer Tech, GP Batteries and GP Industries.
For my top 30 holdings, the major mover had been Old Chang Kee. There had been a rumour of a buy-out and that had resulted in a positive price movement during the month. Unfortunately on 1 Aug 2013, the company had announced that the transaction will not proceed. F&N dropped a few places because it had went ex-distribution ......