$Wilmar Intl(F34.SI)$ I have been accumulating shares in this company for four years, often adding to my position whenever it hits a 52-week low. I firmly believe Wilmar is an excellent company; edible oil, rice, and sugar are daily essentials for everyone. While the nature of the business is cyclical, I believe no one manages these fluctuations better than Wilmar.
The portfolio saw a decline of SGD 26,000 this month, representing a 4.5% loss. Despite this monthly setback, year-to-date dividends have accumulated to SGD 13,000. Market volatility in March was driven largely by escalating conflicts between the US and Iran. I viewed this as an opportunity and increased my positions during the downturn. Following a review of the 2025 financial results, I remain generally satisfied; my portfolio holdings showed high resilience with minimal changes following the earnings announcements. $NikkoAM-STC Asia REIT(CFA.SI)$ $BOC HONG KONG(02388)$ $BABA-W(09988)$