STI remain almost unchanged in November to end at 3072 points, up 0.1% as compared to last month closing. Markets rallied during the early part of the month due to expectation of no further rate hike from Fed. However, recession fears took over later in the month and markets corrected. Volatility also decreased greatly this month as compared to previous one. I have attended the following physical AGMs/EGMs/briefing this month - Khong Guan. For my top 30 holdings this month, Amara was one of the main movers after the company received a voluntary unconditional cash offer from a consortium. iFAST also continued its good run from previous month after receiving brokerage upgrades. The REITs in the list also did well, as investors now expect no more rate hike in US for this year and faster pace of rate cuts in 2024. Sembcorp Industries also outperformed, after making more investments...