STI closed this month higher at around 2869 points.It could have been much better if not for the concerns on Deutsche Bank’s financial health towards the end of the month. The expectation of only one more interest rate hike in US this year and also prospects of higher oil price due to Opec’s consensus on oil production output cut are the positives for this month.

For this month, I have attended the following AGMs/EGMs/briefings – IFS Capital, SGX, Tee International, GMG Global and SMRT.

For my top 30 holdings, United Engineers regained top spot after major shareholders of the company, OCBC and Great Eastern Holdings said that they are currently reviewing strategic options with respect to their combined stake in the company. Keppel T&T also did well after a positive brokerage report being issued on the company. Sarine Technologies did not do well though, as investors took profit on …