On the evening of October 6, Haitong International announced that the offeror, Haitong International Holdings Co., Ltd., will privatize the company through an agreement arrangement in accordance with Article 99 of the Company Law after the prerequisites are met. For the privatization of Haitong International, the cash for each canceled planned share is HK$1.52, which is a premium of approximately 114% to the latest closing price. I placed a 6000 shares limit order, 1.21HK$, 80% of offered price. I bet the privatization process would be successful. The current P/B at 0.71HK$ = 0.26, so the offered price is still around 0.5 P/B, reasonable bargain.  $HAITONG INT'L(00665)$  

I recently subscribed to the ASEAN Dividend ETF. After cross-checking with AI and analyzing the portfolio, I found that the top 10 holdings—weighted by their allocation—have an average dividend yield of approximately 5.6%. This supports the view that a ~6% dividend yield is sustainable. The ETF offers convenient exposure to ASEAN equities, which are otherwise difficult for individual investors to access directly, making it a compelling addition to my portfolio. $UOBAM Ping An FTSE ASEAN Dividend Index ETF(UPD.SI)$  

2023 mid-year recap - Sushi price Fresh Sushi are sold in the super market, in the morning, it is original price and it is 50% off in the evening after 8:00 pm if it has leftovers. It happens daily. It's easy to guess, tomorrow night at 8:30pm , what's the Sushi price, tomorrow morning 8am, what is the Sushi price. There's a similar cycle like Sushi price in the financial markets , it's Fed interest cycle.  Fed hikes interest, no risk assets yield is 5% now, all other assets price have to give discounts to match Fed interest yeild. For example, the Singapore REIT , all of them present 5-10% yield now. I am not surprised that some US banks declared bankrupt because they placed too much cash on long term investment grade bond. unfortunately, all those bond prices dropped. What assets ar

$GUANGDONG INV(00270)$  Investment Switch: China Everbright Water → Guangdong Investment Guangdong Investment generates 75% of its revenue from Hong Kong's water supply, offering a stable 5-6% dividend yield. Given Hong Kong's dependence on this resource, the business holds a strong moat. As a Singaporean, I appreciate the critical value of water infrastructure. I recently divested my position in China Everbright Water (realizing ~SGD 20k profit). Although it previously yielded 7-8%, recent results indicate a compression to 5-6% TTM. For a small-cap stock, this dividends yield no longer justifies the risk premium. Consequently, I have initiated a long-term position in Guangdong Investment. The water utilities sector continues to be a solid c

Feb 2026 Portfolio Performance: A loss of SGD 2000, representing a 0.4% loss. 2026 Dividends: Accumulated SGD 5000 dividends year-to-date. In February 2026, anxiety surrounding AI is dominating the stock market. Top enterprises feel compelled to invest heavily in AI to avoid being displaced by competitors, yet these investments may not generate meaningful income in the near term. Many industries face genuine threats from AI. Simple software services could be replaced entirely, and SaaS companies may see revenue decline as AI reduces the demand for manpower. However, while the fear is real, I should not reject AI; instead, I must embrace it. The Hang Seng TECH ETF's $Lion-OCBC Sec HSTECH S$(HST.SI)$  current P/E ratio is around 16, offering

$Genting Sing(G13.SI)$   It got huge volume today, 700M shares, I didn't see it for years. I bet it's a good sign for Genting Singapore investors.

- Performance: A profit of SGD 17,000, representing a 3% gain. - Dividends: Accumulated SGD 26,000 in dividends year-to-date, with SGD 24,000 already received. - Market Outlook: Anticipate continued bullish momentum in the Hong Kong market, driven by expected US Federal Reserve rate cuts. Hong Kong equities remain undervalued relative to other major global economies. $LION OCBC HSTECH ETF S$(HST.SI)$   $BYD COMPANY-100(01211)$   $Wilmar Intl(F34.SI)$  

$TRACKER FUND(02800)$ HSI ETF was a nobody wanted child. I accumulated it at bargain prices. I believe in China, and those HSI companies provided decent dividends.

April 2024 is not bad for me, about 2% paper gain. Thanks to HK stocks started technical bull market, and dividend stocks demonstrate resilient. $TRACKER FUND(02800)$   $LION OCBC HSTECH ETF S$(HST.SI)$   $China Everbright(U9E.SI)$   I have locked 9k dividend income for year 2024. I expected dividend income would be 20k in 2024. Trade Feed is an interesting Tiger App program. Unfortunately, most of SGX stocks are not in the list for order sharing. If you are interested in SGX dividend investment strategy you can follow me and view my holdings and orders. My orders page was little messy. Every week I complete 5 US stocks order. Fractional