Portfolio Update - July 2008

Top Ten Holdings ( by market value )

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

Dividend for the month of July= $115.74

For the year of 2008, my total dividend = $10,756.95

Market Value of equity = $366,834.20
Market Value of trust fund ( fundsupermart ) = $62,637.36
Market Value of trust fund ( finatiq ) = $46,859.89 ( $4,162.32 )

The market continues to be volatile and weak. This month, we are hit with the almost collapse of Fannie Mae and Freedie Mac in US. I believe things will continue to be volalite. I still feel one should continue to accumulate on weakness.