Tuesday, June 30, 2020

Portfolio Update - June 2020

It's end of June, so time for another portfolio update. Nothing much going on to be honest - like watching paint dry. Haha.

See: Link to Main Portfolio page

Contents:
  1. Portfolio (30 June 2020)
  2. Transactions and Dividends
  3. Closing Thoughts




Portfolio (30 June 2020)



Performance



Some commentary on my portfolio
  • Overall, very slight recovery in existing positions.
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Transactions and Dividends 

(a) Transaction Summary
  • Cash injection of $300 into war chest.
  • No transaction for the month of June 2020 otherwise.
(b) Dividend Summary
  • Fu Yu declared dividend of SGD 0.100 per share.
  • No dividend received for the month of June 2020
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Closing Thoughts
As of mid-June 2020, Phase 2 begun and we see crowd start to return to malls and other public areas. To be honest I am worried at the increase in cases again and folks intentionally not observing safety. I hope it trends downwards soon.

A recap to the phased approach:
Read: Gov.sg - Ending circuit breaker: phased approach to resuming activities safely

Elsewhere, China is seeing a second wave and also returning swine flu, but China's military is getting experimental vaccines for Covid-19.

Read: The Jakarta Post - CanSino's COVID-19 vaccine candidate approved for military use in China
Read: BBC News - Hebei: China locks down 400,000 people after virus spike near Beijing
Read: CNA - New swine flu found in China has pandemic potential: Study

Market-wise, I am still sitting by the sidelines as I do not feel comfortable injecting funds yet. It is a "kangaroo" market at the moment and unless one feels certain stocks are valued at a decent enough price, it is probably otherwise more suitable to do rangebound trading. The temptation is there for me too, but I am trying my best to resist.

Read: Seedly - What is a Kangaroo market?

In the coming months, I think there is going to be several significant events which will further dictate the direction the market goes, such as US presidential elections, for example.

I'm going to echo my ending note from May 2020 - Let us continue practise social responsibility to the best of our abilities as we all have a part to play towards recovery from Covid-19. Stay safe.

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