The Swiber fallout and an underwhelming Japan stimulus were reasons for market weakness towards the end of the month. Otherwise, STI ended the month slightly higher than last month at 2868 points. Stocks in the oil and gas sector were badly sold down as investors begin to assess the damage due to exposure to Swiber. Banks were also under pressure given their lending exposure to the sector.
Unfortunately, I have to admit that I have some exposure to Swiber and some stocks in the oil and gas sector, but those were limited and the damage had been well-controlled in my portfolio. None of the 3 local banks were also in my top 30 holdings as I preferred finance companies.
For this month, I have attended the following AGMs/EGMs/briefings - SMRT, Azeus, CapitaLand Commercial Trust, MapleTree Industrial Trust, Pollux, KSH, MYP, Jason Marine, King Wan, TSH, MTQ and Fischer Tech.
For ...
...Unfortunately, I have to admit that I have some exposure to Swiber and some stocks in the oil and gas sector, but those were limited and the damage had been well-controlled in my portfolio. None of the 3 local banks were also in my top 30 holdings as I preferred finance companies.
For this month, I have attended the following AGMs/EGMs/briefings - SMRT, Azeus, CapitaLand Commercial Trust, MapleTree Industrial Trust, Pollux, KSH, MYP, Jason Marine, King Wan, TSH, MTQ and Fischer Tech.
For ...
