Portfolio allocation as of May '23.

• SG Shares: CDG, DBS, Haw Par, SGX, Valuetronics

• SG Reits: Syfe Reit+, DigiCore Reit

• US Growth: BABA, INMD, PYPL, SHOP, TDOC, UPST

• US ETFs: SCHD, QUAL

May was an excellent month for capital deployment - making up for the lack of portfolio activity in April. For ETFs, I bought 2800HK and SCHD. I initiated a new position in Haw Par ($9.35) and averaged down on Valuetronics (avg. $0.53). I also continued my DCA into Syfe Reit+. 

Valuetronics reported positive results this week and announced a dividend of 0.20HKD, which includes a special dividend. The company holds $0.41 per share of cash and with a share price of $0.53, gives a 77% cash to market cap ratio. It has benefitted from higher rates, as interest income increased nearly 10x vs FY22. With an EPS of 29HKD, the