Monday, January 14, 2013

"Jan 13" - SG Transactions & Portfolio Update


Counters
No. of Lots
Average Price (SGD)
Total Value (SGD) based on average price
Market Price (SGD)
Total Value (SGD) based on market price
Total Dividends collected (SGD) since purchase
ST Engineering
1
2.82
2,820.00
3.84
3,840.00
1,240.00
SIA Engineering
3
4.12
12,360.00
4.57
13,710.00
210.00
Noble
2
1.12
2,240.00
1.24
2,480.00
0.00
FraserCenter Point Trust
15
1.66
24,850.00
1.995
29,925.00
825.00
Ascott Reit
8
1.29
10,320.00
1.40
11,200.00
825.00
First Reit
11
0.89
9,840.00
1.055
11,605.00
442.00
PLife Reit
3
1.85
5,550.00
2.36
7,080.00
476.00
SPH
2
4.11
8,220.00
4.11
8,220.00
476.00
Boustead
6
0.92
5,500.00
1.115
6,690.00
140.00
Singtel
1
3.09
3,090.00
3.44
3,440.00
316.00
Neratel
30
0.46
13,970.00
0.535
16,050.00
400.00
Ascendas Hosp. Trust
7
0.89
6,250.00
0.965
6,755.00
63.00
QAF
3
0.71
2,135.00
0.795
2,385.00
20.00
Second Chance
17
0.43
7,210.00
0.405
6,885.00
456.00
Unit Trusts
-
-
7,800.00
-
7,800.00
-
Elec & Eltek
2
2.17 (denominated in USD)
4,340.00 (denominated in USD)
2.09 (denominated in USD)
4,180.00 (denominated in USD)
-
Total SGD
 
 
122,155.00
 
138,065.00
4,588.00
Total USD
 
 
  4,340.00
 
    4,180.00
       0.00

For the month of Jan 13, I made further profit taking, mainly from ParkwayLife Reit (one of my favorite Reits btw) and did some rotational yield plays in Second Chance, FCT and SPH.
 
My main reason of selling PLife Reit is due to its compressed yield because of its rising price in recent weeks. At current price, it yields about 4.2%, way below the average REITS yield and have limited potential upside imo given no further DPU increase. Having said that, PLife is a very good defensive play reits and one which I will definitely be looking to add on back once the price returns attractively.
 
Singtel is another stock which I have sold off and this is an easy decision. Firstly, its risk reward earnings from overseas isn't attractive enough to warrant such high price currently. Secondly, its dividend will only be paid out in the 2nd half of the year (Singtel pays out dividend in Aug and Dec), so there is a lot of time to relook back at this stock nearer to the dividend date in Aug.
 
I've added Second Chance, FCT and SPH in the rotational play due to its higher yield and better risk reward play. Though they aren't as attractively valued as before, I believe their high yield will make them a darling stocks among investors at this low interest rate environment.


4 comments:

  1. For sale of PLife Reit, if bought low, won't yield be still quite ok (perhaps even better than what can get now from the cash gotten from the sale of the Reit).
    However, it is good sense to sell high and then buy low. So presume expect market to go down sometime this year.

    ReplyDelete
    Replies
    1. Hi Anonymous

      My avg price for PLife is at 1.85, that was about a year and half ago when I bought it at a very attractive price. With my purchase price, the current DPU yields about 5.4%. The reason for my selling is due to its very high valuation, compressed yields and better opportunities elsewhere. Whether I am proven right or not only time will tell but even if it goes up further, I still have a tiny 3 lots to ride the wave on :)

      Having said that, I am pretty sure I will load up PLife again when price returns more attractively than what it is now.

      Delete
  2. Market is in the red today. Taking profits off the table is never a wrong move.

    Karen

    ReplyDelete
    Replies
    1. Hi Karen

      Market looks weak indeed this week. As the saying goes, protect your downside, let the upside take care of itself.

      Delete

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