June was a roller coaster month as retail exuberance in early June gave way to renewed coronavirus and recession worries towards the end of the month. Overall portfolio value was flattish month on month at $302,573, managing to stay above the psychological level of $300k. Small losses were largely led by USD denominated counters while offset by gains in my Chinese tech stocks.

Portfolio Transactions

Made very small moves in June mainly around minor re-balancing.

• Exited Singtel – I’ve been looking to exit for the longest time, but never really pull the trigger thanks to poor valuation. On hindsight, its probably my fault for not exiting earlier. Finally decided to cut my losses and rotate into higher quality counters with better growth prospects.
• Trimmed Frasers Logistics and Commercial Trust – It returned to prior highs, prompting me to take my profits off the table.
• Added more Alibaba (HKSE:9988) – This is more of a tactical move as I see Chinese tech being relatively

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