Portfolio Update - January 2008

Top Ten Holdings ( by market value )

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

Dividend for the month of November = $517.04

From 05-12 year2007 ( over 8 months ), my total dividend is $15,641.47
Market Value of equity = $347,807.24
Market Value of trust fund ( fundsupermart ) = $-
Market Value of trust fund ( finatiq ) = $-

Semb. Marine dropped out of my top ten becos of the hedging scandal.
Swiber dropped from 4 to 7.

Overall this month has been very volatile... and since the start of the year. the market has been heading south following the US market. Dow Jones is heading down becos of fear of recession.

I believe US will be heading for a recession or a slow down and being the largest economy in the world, it will inevitably affects all markets. Even though our economy has venture into other growing emerging markets, US economy will definitely has some inpact on us. So I expect the market to be on the low for the coming months, and I will continue to do bit by bit investing, trying to spot under value stocks.