STI ended the first quarter of the year at 3212 points, almost identical as last month. Fear of recession had been the topic of the month as most stocks are trading sideways and directionless. However, yield stocks like REITs outperformed this month as investors believed that US Fed interest rate hike cycle had stopped.

For this month, I have attended the following AGMs/EGMs/briefing - Datapulse Technology, Transcorp, Mermaid Maritime and Qian Hu.

For my top 30 holdings, Hong Fok had been a top performer after they have released their FY18 full year result last month. Buybacks from the company and also purchases from the controlling shareholders had contributed to its good performance. Other stocks in the list that did well include ComfortDelgro, A-REIT and CapitaLand. Best World had been a main laggard this month due to investor concerns on their business model in China.

I have bought the following companies from the market

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