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My Singapore Stock Portfolio July 2013
By Making Passive Income  •  August 1, 2013

This is an update to my Singapore stock portfolio for Jul. For previous month, please see

My Singapore Stock Portfolio May 2013

My Singapore Stock Portfolio End February 2013

My Singapore Stock Portfolio End December 2012

img singapore stock portfolio jul 2013

There are some changes in my portfolio from the last update in May. I have taken out United Engineers, as I believe the management is incompetent, despite having very good assets. I have also taken the market opportunity to load up on some of the REITs, like CMT, FCT, MCT and also First Resources. I also added Comfort Delgro and ST Engineering to the portfolio for their defensiveness and free cash flow.

United Engineers and Vard

The purchase of WBL and the subsequent 1 for 1 rights dilution at almost 50% of the last traded price is an extremely bad move and destroys a lot of value for shareholders. As such I have decided ...

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