July 2016 Portfolio Update

Stock Name	No of Shares	Current Price	Current Value
Accordia Golf Trust	9000	$0.67	$6,030
Keppel Corp	1000	$5.250	$5,250
DBS	200	$15.450	$3,090
Frasers Centrepoint Limited	2000	$1.515	$3,030
Total Value			$17,400

I had recently divested ST Engineering and 1000 shares of Keppel Corp after it went exercise dividend. Just in time to collect some dividend from Keppel Corp and at the same time make a small profit before it head down lower due to recent news from Swiber Holdings winding up. If I had choose to stay on, I would be incurring a loss now.

With the news from Swiber Holdings winding up, DBS had also been impacted heavily due to the $700 million loan to Swiber as they can only recovered half of the loan. I took the opportunity to add 200 shares of DBS into my portfolio after the massive sell down in the last 2 days. The news of Swiber winding up had triggered a fear to Oil & Gas industry on their market outlook as the industry does not appeared to recover although oil price had recovered from the low of US$26 per barrel to now US$43 per barrel.

I had also added 2000 shares of Frasers Centrepoint Limited into my portfolio as the current price is too good to miss. They are now trading at 30% discount to book and had a 5.7% dividend yield. I will be looking to add more on DBS next week if the massive sell down still continues.