Our portfolio grew by 3.20% to $266,765 – $5,182.17 of capital injection and around $3,095.83 of capital growth!
BOUGHT – Sheng Siong (2,000 units) @ $0.935
– Raffles Medical (6,000 units) @ $1.10
Amazon first launched its services in Singapore last month and immediately, we saw weakness in Sheng Siong price and decided to accumulate more. We surveyed both our parents and they said “online grocery not fresh”. lol. This article by Singapore Business Review – Why Sheng Siong can shrug off threats from Amazon states that “Singapore’s online grocery retail market remains small at less than 2% or $96m of modern grocery retail sales of $6b“.
I did a review on our 3 worst performing stocks last month:
– Bleeding Stocks – QAF [Part 1]
– Bleeding Stocks – Raffles Medical [Part 2]
– Bleeding Stocks – Ezion [Part 3]
During the review, Raffles Medical fundamentals were still