Here is an update of my investment portfolios for Feb 2025. My SGX Income Portfolio value decreases to $372k from $387k. S-Reits and property stocks remain feeble as Donald Trump’s inflationary actions from the impose of tariffs on Canada, Mexico and China goods lead the market to be fearful of prolonged high interest rate environment and diminishing chances of rate cuts this year. This will severely erode the bottom line and distributions of S-Reits. Local banks have announced their awesome results and higher dividends but are expected to experience tapered growth or even declines in profits moving forward due to the potential trade war causing global uncertainty, dampening loan demands and higher non-performing loans. My US/HK Growth Portfolio drops to US$14.2k from US$14.7k mainly due to my liquidation of HK-listed shares of Alibaba, Tencent and Meituan ending my 4 year experiment with China stocks with a modest gain. I decided…
