My Personal Analysis of Challenger Technologies

Challenger Technologies Logo

Challenger Technologies is an IT lifestyle retailer and has 40 stores island-wide. In my teenage days, I have enjoyed shopping at Challenger store at Funan centre for computer games, software and computer accessories.

I have been holding this stock since the year 2011 which has rewarded me with dividends over the years.

Challenger Technologies currently make up only 1% of my portfolio.

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Summary of September 2015 Transactions

Portfolio_201509_Sept

I have shared the percentage allocation of each stock in my portfolio. As you can see, SMRT, ST Engineering and ComfortDelgro are the 3 top holdings in my portfolio. My portfolio is still in the transition phase to an income investor portfolio. If you follow my blog, in August 2015, I have offloaded many stocks from my portfolio. I made a nifty profit and reinvested them into stable dividend yielding stocks like ST Engineering and ParkwayLife Reit.

If you wonder why SMRT is the largest holding in my portfolio, I have to admit it was a serious mistake I made many years ago. I am still sitting on losses from SMRT. SMRT has a estimate 2% dividend yield and it does not satisfy the my criteria of a good dividend stock. I am still waiting for an opportunity (such as Rail Financing Framework) to exit this stock.

This month, the Fed has decided not to raise interest rates. The next milestone the Fed will be deciding to raise interest rates will be in December 2015. The beaten down market did not rally as much as I expected it to be. Neither did it fell much further. I observed uncertainty in the stock market as STI (Straits Times Index) hovers around the 2,900 to 3,000 range.

I remained as an onlooker on the stock market and meanwhile continue to hunt for stable dividend yielding stocks to add to my portfolio. This month, I have purchased the Singapore Savings Bonds as I have some spare cash sitting in my savings account that gives petite interest rates. Singapore Savings Bonds make up 6% of my portfolio.

I have received dividend payments from ST Engineering, Far East HTrust and OUE HTrust. The dividends shall sit in my war chest while I wait for the next opportunity in the stock market.

My Personal Analysis of The Hour Glass

The Hour Glass Store

The Hour Glass is in the simple business of selling luxury watches. They carry luxury brands like Patek Philippe, Rolex and Cartier etc. They have 41 boutiques in nine key cities throughout Asia. The Hour Glass has been accorded the ‘Best Watch Retail’ honours by Singapore Tatler in 2014.

Similar companies in the luxury watches business are Sincere Watch (Hong Kong) Ltd and Cortina Holdings Limited.

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