STI ended the first quarter on a high, closing at 3175 points. It had been a good month especially for manufacturing stocks as they continued to benefit from strong export numbers.

For this month, I have attended the following AGMs/EGMs/briefings – ARA, K1 Ventures, Pacific Century Regional Developments and Mermaid Maritime.

For my top 30 holdings, stocks that did well include Hong Fok, Bukit Sembawang Estates, Keppel T&T and Tat Seng. Best World and PNE Industries also returned to the list after a good run while LHT is a new entry to the list after they announced an increase in dividend payout with their full year result. Shangri-La Asia also did well as their full year result beats market expectation. Laggard include ComfortDelgro as investors continued to be concerned with their taxi business due to increased competition from new players.

I have bought the following companies from the market this …