STI ended the month at around 2666 points, a little bit better than last month but confidence is still weak. Markets had been digesting the full year results for companies with financial year ending December 2015. Overall, it had been mostly a weak set of numbers especially for companies in the Oil & Gas sector. Companies had also painted a cautious outlook but I guess the market might have discounted most of these bad news.

For this month, I have attended the following AGMs/EGMs/briefings - Zagro Asia, A-REIT and Petra Food.

For my top 30 holdings, United Engineers moved back to the top of the list after it announced the sale of MFLEX. Another major mover is CapitaMall Trust after investors bought back REITs in anticipation of lower possibility of interest rate hike. Isetan disappointed with a poor set of results and also cut its final dividend payout. Tat Seng ...