Portfolio Update - November 2007

Top Ten Holdings ( by market value )

1. ST Engineering
2. Noble Grp
3. SIA
4. Swiber
5. UOB
6. SingTel
7. OCBC
8. Comfort Delgro
9. Allgreen
10. Semb. Marine

Dividend for the month of November = $1211.65

From 05-11 year2007 ( over 7 months ), my total dividend is $14,691.14

Market Value of equity = $423,728.37
Market Value of trust fund ( fundsupermart ) = $72,265.23
Market Value of trust fund ( finatiq ) = $58,289.43

m.v. of equity continues to drop as the whole month remains weak, in line with the drop in Dow Jones. I hope that the market will rally in the year end with the festive season now here. However, I believe the market will continue to remain reactive to any bad news from the credit crunch in US. ( this might come in the early of year 2008 )