Wednesday, April 10, 2013

"Apr 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
FraserCenter Point Trust
12
1.69
20,280.00
2.15
25,800.00
1,185.00
SPH
4
4.09
16,360.00
4.65
18,600.00
0.00
SIA Engineering
3
4.12
12,360.00
4.87
14,610.00
210.00
First Reit
11
0.89
9,840.00
1.29
14,190.00
519.00
Neratel
20
0.46
9,200.00
0.665
13,300.00
400.00
Ascott Reit
8
1.29
10,320.00
1.415
11,320.00
386.00
SembCorp Ind
2
5.44
10,880.00
5.03
10,060.00
0.00
Boustead
6
0.92
5,500.00
1.395
8,370.00
140.00
PLife Reit
3
1.85
5,550.00
2.64
7,920.00
556.00
STX OSV
6
1.245
7,470.00
1.225
7,350.00
0.00
Ascendas Hosp. Trust
7
0.89
6,250.00
1.01
7,070.00
63.00
Second Chance
17
0.43
7,210.00
0.415
7,055.00
456.00
CWT
4
1.43
5,730.00
1.52
6,080.00
0.00
ST Engineering
1
2.82
2,820.00
4.35
4,350.00
1,240.00
YZJ
4
0.96
3,830.00
0.95
3,800.00
0.00
Singtel
1
3.09
3,090.00
3.64
3,640.00
316.00
QAF
3
0.71
2,135.00
0.95
2,850.00
20.00
Noble
2
1.12
2,240.00
1.18
2,360.00
0.00
Total SGD
 
 
141,065.00
 
168,725.00
5,491.00

Market has turned soft recently after a strong run-up to the Q1 2013. Having said that, we have seen that whenever market has a small mild correction, it quickly moves back up due to hot money flowing as people are waiting for a correction as an opportunity to enter.

I have added further grounds to STX OSV and YZJ in the month of Apr. Valuations for both stocks are still compelling in my opinion based on the single digit earnings multiple. Even though forward earnings are expected to drop significantly, it is still cheap compared to its fellow peers in the same industry.

This coming weeks is going to be the earnings season. Market is expected to be more volatile than the usual months. I have saved a few bullets for any upcoming opportunity, notably the opportunity in Sembcorp Industries. The stock looks like it will hit $4.7-$4.8 range after it goes ex-dividend shortly.

I have used this opportunity to also liquidate all my US holdings as Dow and S&P hits a record high. Valuations for the stocks in my holdings look rich and it is a good time to take off profits off the table at some point.

What about you?   How is your portfolio doing in the month of April?

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