The Dow Jones Industrial Average closed at 7937 on 2/2/09, as the boutiques near me market fell yet again in continuation with Friday’s down move. I have bought the following companies from the market this month – AF Global, Bukit Sembawang Estates, Chuan Hup, ComfortDelgro, Dairy Farm, Heeton, Hiap Hoe, Hong Fok, Hotel Grand Central, Jardine Matheson, Jardine Strategic, Koh Brothers, Lion AsiaPac, Mandarin Oriental, Metro, NSL, OUE, Pacific Century and SingTel. I have bought the following companies from the market this month – AF Global, Bonvests, ComfortDelgro, EnGro, Far East Orchard, Heeton, Hongkong Land, Hotel Grand Central, Indofood Agri, Isetan, Jardine Matheson, Jardine Strategic, Koh Brothers, Lion AsiaPac, Mandarin Oriental, Metro, OUE, Pacific Century, PEC, Samudera, SingTel, Stamford Land, Tan Chong International and UIC. How will the stock market open on Monday – March 16, 2009? Like that, if the stomach is empty also there are chances of increasing fats and also gastric troubles will arise. In addition to that, investors often use their year-end bonuses to purchase new investments during the first months of the year.
Tension between US and China dominated headlines, in addition to the usual Covid-19 related news. With companies now starting to report bad results and updates from the Covid-19 fallout, it will take sometime for markets to fully digest these news. From the earlier signs of some of those companies announcements this month, I expect most results to be quite ugly. Next month, companies holding their virtual AGMs in June will mostly be paying out their dividends. I will continue to remain prudent and selectively add onto high conviction stocks in my portfolio while eliminating those low conviction ones. Uranium Resources, Inc. (URRE) – Uranium Resources, Inc. hit a new 52 week high as Uranium prices continue to be strong. Bakken Shale. KOG was upgraded on Wednesday and hit a high of $6.72 on Thursday. STI closes this month at around 2624 points, ending the month on a high note and recovered more than 100 points from last month. Going forward, the number of stocks in my portfolio will be reduced as I re-align my portfolio to focus on high conviction stocks.