(e) Kingsmen Creative
Kingsmen posted an increase of revenue and net profit by 34.1% and 89.7% respectively.  Prior to its 2-to-3 splits, I bought another 5 lots and after the split, the average purchase price of my 30 lots is $0.222.  The company has declared a dividend of $0.015 per share which gives me a yield of 6.76%.  I will continue to hold on to this counter as I expect the company to turn in good numbers over the next few years.
(f) KODA
Since decreasing my stack in this counter to 5 lots in Oct 2007, the price of the counter has dropped by more than 50%.  Its 20083Q result is disappointing and the company is definitely affected by the sub-prime as it reported one $2 mil order is delayed.  It is expected that the next few quarters the company’s earning will be lumpy and it will probably take the next one or two years for it to get back to its growth path.  Fundamental has changed but not the management which still impressed me with its forthcoming report.  I purchased 5 lots this month to average down my purchase price to $0.553.  I do not expect the counter to touch this price this year, might not even reach this next year.  However, I believe that in long term, it has a potential to be a multi-bagger.  In the latest Edge issue, the company reported that it is looking into China as a possibility for future growth.  Currently, the management is studying the feasibility and risk before committing to this expansion plan.
(g) Pokka
Pokka reported an increase of 15.4% and 629.8% in revenue and net profit for FY2008.  Net profit margin is still at a low of 4.2% with ROE jumping to 18%.  A general offer to take the counter private was made last week at a price of $0.66.  This translates to a gain of about 39% for me.  The offer seems to be at the low side especially with the company doing so well over the last year.  Fellow forummers share similar views and at the moment I am not inclined to take up the offer.  Of course, if Pokka is able to round up 90% of the total shares, the offer will be irrevocable.  If that’s the case, I will enjoy the 39% gain. 
(h) Inter Roller
My thinking that the big drop in profit in 20071H is a one-off event does not seem to stand.   For the year 2007, the company reports a decrease of revenue and net profit by 13.7% and 32.5% respectively.  Visibility for the year 2008 is low with a poor 20081Q results.  However, I still believe that this is a well-run company and in medium term, it will get back to its growth path.  The price has dropped by near to 50% since I took up a small stake in Oct 2007.  I am still weighing the choice of averaging down since I am already 93% invested at this point.
(h) Lantrovision
A punt I made in last November which is suffering from a 50% drop.  As this only takes up only 4% of my portfolio, I have no intention to sell (as I believe it will do pretty well this year) or buy (visibility not that clear) at the moment. 
(j) SIA Engineering
I purchased 2 lots of SIA Engineering to add stability to my cash portfolio.  Short term, there isn’t much surprise but I am positive of the company’s prospect in the next 2 to 3 years with the increase earning from JV and also a new income source from A380.  At my purchase price of $3.84, the dividend yield stands at 5.2% which I will enjoy collecting yearly.
(k) Pan United Corporation
Another counter which I have bought and sold in the past.  At my purchase price of $0.66, this small to mid cap company is trading at a PE of 7.7x.  An attractive entry point for me since the visibility of its profit for the next few years is high.   Based on 2007 dividend, I stand to get a dividend yield of 6.8%. 
CPF Portfolio
To date, my CPF portfolio has dropped 14.6%.  If this continued, this will be the first time since I started using CPF to invest in stock which I will post a negative return.  Subsequently, this brings my CAGR down to 12.9% as compared to an average of 20% over the past few years.  Is there any different this year? Any major mistake?   Taking a look at last year buy-sell decisions that I made, I will attribute to this performance to two factors.  The key factor again the sub-prime factor which has caused most stocks to drop in values and hence the low price is the few counters I am holding now even though I am confident of their long term prospect.  Another mistake is the purchase of Food Junction for its historical dividend yield, which did not keep up this year.  I have since divested FJ at a loss of $1400 not just because its dividend has not kept up but I am not impressed by the new initiatives, concepts came up by the management.  The final decision came when I had dinner at the newly renovated outlet at Bugis Junction.  It is not that bad but it does not meet up with what the management has described in their report.
(a) Singapore Land
Cheap can get cheaper.  I thought at $8.45 per share, it’s cheap but it became cheaper and dropped to $6 plus by May 2008.  I purchased another lot at $6.31 as I still believe that mid-term prospect of Singapore Land is positive especially with the properties that the group holds in the prime areas.  Current dividend yield of 2.7% is not impressive but I am still comfortable holding on to this counter as it offers large discount to its RNAV. 
(b) Metro
Another property counter that is selling at a huge discount to its RNAV.  I am confident of the group’s management of its China properties which it has ventured into in early 2000.  A dividend yield of 5.36% soothes the drop in principle.
(c) First Reit
Its price has been pretty stable and so far it has distribute out its dividend.  Yield stands at 8.5%. 
(d) ComfortDelgro
It faces pressure from the run-away oil price.  Over the past four years, the counter only provides a compounded return of 3.3%.  I am still positive of the group in posting a jump in results once the oil price stabilizes.  Dividend yield stands at 5.85%.