No.	Counters	No. of Shares	Market Price (SGD)	Total Value (SGD) based on market price	Allocation %
1.	Top Glove	50,000	1.71	85,500.00	48.0%
2.	Straco	100,000	0.65	65,000.00	37.0%
3.	Comfortdelgro	8,000	2.21	17,680.00	10.0%
4.	Ho Bee Land	300	2.36	700.00	1.0%
5.	Warchest			8,000.00	6.0%
Total				176,880.00	100%
Less:	CFD Leverage @ 2.8%			(70,000.00)
Total				106,880.00	100%

It's the first reporting season of the new year and we are in the midst of an earning season so there's plenty of reporting and monitoring to do for the companies.

Just to recap on my last Dec portfolio updates which you can view it Here, I was down with only two shares on hand which means it was relatively easy when it comes to monitoring. Plus, it doesn't help the fact that Straco's management does not provide more clarity and updates as we await new information on the flyer.



This month, I've added two more purchases.

The first is a case for Comfortdelgro, which I managed to add a little at $2.21. This company remained trading in range over the past couple of years as we are likely to see more margins pressure this year from their rail business which is likely to taper.

Still, I think trading at a PER of 16x with 4.7% yield is a fair price to pay and wait, whilst it continues embarking on their growth plans on further acquisitions.

On the outbreak of the Wuhan flu crisis, I have also taken a position at Top Glove at an average of $1.72 per share. Coming back of a disappointing quarterly results, I think this year they could do better coming off a lower base. Outlook might also be revised if this outbreak goes viral which likely push demand for gloves and rubber higher for FY2020.

Volume for the past 2 days have also spiked, which sees more players pushing for what likely to be a speculative play.

Since I've taken on this position on a Cfd, I'm likely to hold this for short rather than long term.

The portfolio is still awaiting for a couple of turnaround play so I am not in the rush to overly take a position since we are only in the first month of the new year.

Warchest is also low so I'm looking to recycle only when the opportunity arises.

I'll be flying off during the next couple of days to spend time back with my parents for the festive cny so I think we'll see some break in between the articles.

Meanwhile, have a good cny break, take plenty of precaution and all the best in the rat year ahead!