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Tuesday, January 20, 2015

"Jan 15" - SG Transactions & Portfolio Update"

 No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
FraserCenter Point Trust
30,000
2.01
60,300.00
21.0%
2.
China Merchant Pacific
47,000
0.98
46,060.00
16.0%
3.
SembCorp Ind
9,000
4.19
37,710.00
13.0%
4.
Vicom
6,000
6.30
37,800.00
13.0%
5.
Ascott Reit
15,000
1.29
19,350.00
7.0%
6.
Mapletree Greater China Commercial Trust
20,000
0.98
19,600.00
7.0%
7.
FraserCommercial Trust
11,000
1.42
15,620.00
6.0%
8.
Neratel
20,000
0.78
15,600.00
6.0%
9.
ST Engineering
4,000
3.37
13,480.00
5.0%
10.
OUE Ltd
5,000
2.03
10,150.00
4.0%
11.
Stamford Land
10,000
0.54
  5,400.00
2.0%
12.
King Wan
5,000
0.30
  1,500.00
1.0%

Total SGD


282,570.00
 100.00%

Before I began my first portfolio update for the new year, I have made some changes to the layout from the number of lots to the number of shares as SGX has changed the allocation recently to 100 shares. It's just less confusing if we now state them in number of shares.

There are just a couple of light activities in the first month of the new year as we have already seen some volatility in the market.

This month, I have divested my stake in Ascendas Hospitality Trust (AHT) which I have blogged here.

I have also added a couple more shares for China Merchant Pacific (CMP) when it pulled back slightly to $0.975. The thesis for buying the shares remain the same: Strong Cashflow, sufficient dividend payouts based on diluted earnings and positive contributions from the newly purchased jiurui expressway. I also like the fact that they previously did a private placement at $0.985 as one of the ways to fund the acquisition, which is a couple of percentage points higher than their market price back then. They could of course have issued them at a much lower price and dilute the shareholders more, but even at  $0.985 there are takers easily. The bond convertibles are almost being redeemed at a faster interval now, so we can see a huge drop in finance expenses in the upcoming results. They are expected to retain at least the $0.0425 for their final dividend distributions paid in May.

The portfolio has increased slightly from the previous month of $279,780 to $282,570 this month. A few of the Reits have run up due to the impending results (and dividends) announcement so I am extremely looking forward to receiving the first dividend payments from next month. The estimated annual dividends from the portfolio is $14,668. Still slowly building up my arsenal of dividend payers.




Expenses have been tight, as expected and I am already looking forward to months with bounty dividend payouts to ease off the expenses. I have booked a quick trip to HK by the end of the month to settle some family issues so the expenses for this month will be rocket high again.

How is your portfolio doing for the month of Jan? Already adding into undervalued shares?

6 comments:

  1. Excellent progress B!

    I've made some purchases in the new year too. I bought some oil and finance stocks which have been tanking here in Canada.

    ReplyDelete
    Replies
    1. Hi Jeff

      Thanks for visiting.

      Still progressing at a very slow level.

      I saw your posts in the stocks you have purchased. Amazing there. I left some comments too btw.

      Delete
  2. Hi B,

    Its always nice to see a growing portfolio day after day, months after months. I'm just starting out on my humble investment journey back in Aug 14. Have a couple of thoughts running in my mind, what's your thoughts on Commercial REITs for 2015?

    Reading reports, news, gossips or whatever that is in the net (well anything on the internet is seldom 100% true) that 2015 would have a demand for Commercial space for offices, companies headquarters based in SG etc. What's your take?

    Currently vested in Fraser Com, but looking at CapitaCom and Mapletree Com. Sighzz they sore quite abit these days, and pple are looking at Keppel Corp, the talk of the town lately.

    Regards
    GH

    ReplyDelete
    Replies
    1. Hi GH

      Welcome to the site.

      Appreciate your comments.

      The commercial sectors should do really well in 2015 with record high rentals. However with market already pricing in, it may be tough to add them at this point in time.

      Im going to fcot agm tomorrow, so we'll see about how it is and I will share in my post regarding what is discussed in the agm.

      Best of luck and enjoy investing. You'll grow fond of it and hopefully make money along the way :)

      Delete
  3. Hi B,

    Your portfoilio looks good and on target! I am still undecided about ST Engineering so I will save my money in my OCBC 360 instead. Anyway, is your Korea trip going to be your celebration? Enjoy!

    ReplyDelete
    Replies
    1. Hi Jes

      Ocbc 360 gives you 3.05% yield while ST Eng gives you slightly more than that. If you believe they will grow then it will be a worthwhile investment for years to come.

      I think I am shelving my plans to travel this year. Baby still too small and we would like to wait till he is a little older before we bring him out. Next year would definitely be key.

      Delete

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