Portfolio Update - August 2008

Top Ten Holdings ( by market value, not updated )

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= $1733.43

For the year of 2008, my total dividend = $12,490.38

Market Value of equity = $351,020.31
Market Value of trust fund ( fundsupermart ) = $66,092.30
Market Value of trust fund ( finatiq ) = $46,284.90 ( $4,165.87 )

The market continues to be low and volatile. I still feel one should continue to accumulate on weakness, contrarian mentality.