Saturday, May 10, 2014

"May 14" - SG Transactions & Portfolio Update"

 No.
 Counters
No. of Lots
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
FraserCenter Point Trust
30
1.825
54,750.00
22.0%
2.
Vicom
6
5.83
34,980.00
14.0%
3.
SembCorp Ind
5
5.40
27,000.00
11.0%
4.
SPH
5
4.20
21,000.00
8.0%
5.
Ascott Reit
15
1.195
17,925.00
7.0%
6.
Mapletree Greater China Commercial Trust
20
0.86
17,200.00
7.0%
7.
China Merchant Pacific
17
0.955
16,235.00
6.0%
8.
FraserCommercial Trust
11
1.285
14,135.00
6.0%
9.
Neratel
20
0.715
14,300.00
6.0%
10.
First Reit
10
1.16
11,600.00
5.0%
11.
ST Engineering
3
3.84
11,520.00
5.0%
12.
Second Chance
13
0.455
  5,915.00
2.0%
13.
Ascendas Hosp. Trust
7
0.715
  5,005.00
2.0%
14.
Mapletree Logistic Trust
1
1.135
  1,135.00
1.0%

Total SGD


252,700.00
 100.00%

For the month of May, I took the chance to liquidate a small portion of First Reit at $1.185. The stock has not gone to approximately 5% of my entire portfolio. I thought price ran up quite a bit since the last we saw near the $1 mark, so thought at $1.185 it represents a good opportunity to take some profit.

I also accumulated China Merchant Pacific for this month. Based on a thorough review at InvesmentMoat, I liked how the management is prudent about its capital allocation and debt management. At current price, the stock is attractively yielding 7.2% while it only represents some 52% payout. Operating Free Cash Flow is also stable and generating cash inflow positively.

The portfolio has gone slightly down from the previous month due to many of the stocks going ex-dividend this month. While it appears otherwise, I am not too concerned about the change in the price. Let's stay calm, rationale and be prepared for opportunities that come our way.

3 comments:

  1. Hi B,

    based on my research on CMP, Apr 14 DPU is $0.0425. DPU in similar period for 2013, 2012 and 2011 are $0.0275, $0.03 and $0.02 respectively.

    Dividend yield is high if we take into consideration of Apr 14 payout. However, how repeatable is it ? Hope to hear your opinion on this.

    ReplyDelete
    Replies
    1. Hi betta man

      Taken into consideration the Apr 14 payout its still at 54%. It's in their results report. It's definitely sustainable for them to pay out the 7 cents/share based on their operating FCF :)

      Delete
    2. Thanks B. I will try my luck and queue at $0.90. It closed at $0.915 on 12 May 14 :)

      Delete

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