Friday, March 15, 2013

"Mar 13" - SG & US 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
FraserCenter Point Trust
12
1.69
20,280.00
2.13
25,560.00
1,185.00
SPH
4
4.09
16,360.00
4.52
18,080.00
0.00
SIA Engineering
3
4.12
12,360.00
4.75
14,250.00
210.00
Neratel
20
0.46
9,200.00
0.68
13,600.00
400.00
First Reit
11
0.89
9,840.00
1.20
13,200.00
519.00
SembCorp Ind
2
5.44
10,880.00
5.14
10,280.00
0.00
Ascott Reit
8
1.29
10,320.00
1.35
10,800.00
386.00
Boustead
6
0.92
5,500.00
1.40
8,400.00
140.00
PLife Reit
3
1.85
5,550.00
2.38
7,140.00
556.00
Second Chance
17
0.43
7,210.00
0.415
7,055.00
456.00
Ascendas Hosp. Trust
7
0.89
6,250.00
1.06
7,420.00
63.00
CWT
4
1.43
5,730.00
1.455
5,820.00
0.00
STX OSV
4
1.250
5,010.00
1.265
5,060.00
0.00
ST Engineering
1
2.82
2,820.00
4.21
4,210.00
1,240.00
Singtel
1
3.09
3,090.00
3.58
3,580.00
316.00
QAF
3
0.71
2,135.00
0.93
2,790.00
20.00
Noble
2
1.12
2,240.00
1.19
2,380.00
0.00
YZJ
2
0.96
1,920.00
0.95
1,900.00
0.00
Total SGD
 
 
136,695.00
 
161,525.00
5,491.00

The big highlight for the month of Mar is the potential spinoff of the SPH property portfolio into a REITS. The stock jumps almost 10% (based on latest closing price) since before the announcement was made. Looks like I managed to get into SPH just at the right time. If the stock continues to go up further, I might just... just be tempted to take profits on SPH, for all the various reasons.
 
I've added 3 new entries into my portfolio for the month of Mar. I have rotated out of FCT and Neratel once again as the price rises and I've added CWT, STX OSV and Yangzijiang based on the low valuations these stocks are in. CWT is a logistic and commodities company which I see deep value in. Its commodities business segment in particular is only in a baby stage growth and it will grow to much much more than what it is valued today. This is definitely a growth play. It will pay dividends of $0.03 a share in May.
 
It has been a very busy month for STX OSV (Vard) as investors await for the offer which lapsed this week and the Fincateri Italian company only gained some 4% thereafter. This is another company which has great value and current price is compellingly undervalued.

I have a total of 18 stocks in my portfolio.



Counters
No. of Shares
Average Price (USD)
Total Value (USD) based on average price
Market Price (USD)
Total Value (USD) based on market price
Total Dividends collected (USD) since purchase
Verizon (VZ)
20
43.22
864.40
48.48
969.60
0.00
AT&T (T)
20
34.43
688.60
36.86
732.20
0.00
Coca-Cola (KO)
5
37.07
185.35
39.02
195.10
0.00
Lorrilard (LO)
5
38.57
192.85
39.66
198.30
0.00
Merck & Co (MRK)
2
41.00
  82.00
44.27
  88.54
0.00
Total USD
 
 
1,820.35
 
2,183.74
0.00

I have added Lorrilard (LO) in my US portfolio for the month of Mar.

Lorrilard is the 3rd largest US tobacco company and one of the leading manufacturer of menthol cigarettes. It is currently trading at a PE of 12.7, which is much lower than its main competitor, Philip Morris (PM). Given its competitive earnings and a higher growth menthol market, the stock has a fair value of around US$44 based on a DDM model. The stock is currently yielding 5.70% and is one of the more attractive stock out there in the market.


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