expr:class='"loading" + data:blog.mobileClass'>

Tuesday, February 24, 2015

"Feb 15" - SG Transactions & Portfolio Update"

 No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
China Merchant Pacific
69,000
1.06
73,140.00
25.0%
2.
FraserCenter Point Trust
30,000
2.03
60,900.00
21.0%
3.
SembCorp Industries
10,000
4.26
42,600.00
15.0%
4.
Vicom
6,000
6.58
39,480.00
14.0%
5.
Mapletree Greater China Commercial Trust
20,000
1.03
20,600.00
7.0%
6.
FraserCommercial Trust
11,000
1.49
16,390.00
6.0%
7.
Neratel
20,000
0.77
15,400.00
5.0%
8.
ST Engineering
4,000
3.55
14,200.00
5.0%
9.
Stamford Land
10,000
0.56
  5,600.00
2.0%
10.
King Wan
5,000
0.31
  1,550.00
1.0%

Total SGD


289,860.00
 100.00%

It has been a relatively busy months of activities since my last Jan portfolio update which you can view here. First, I sold off my shares in OUE Ltd (Link here). A few days later, I also divested my shares in Ascott which I have been holding for years. You can view the post here if you are interested.

I reallocated some of the proceeds into accumulating some of the shares in China Merchant Pacific and Sembcorp Industries. You can refer to my Recent Transactions update should you wish to know more regarding the detail. I also blogged a few times this month into Sembcorp Industries which you can find in my previous posts.

Overall, the earnings and reporting season for the companies in my portfolio I am currently holding have been satisfactory, which leads to the run up in its price. I am still awaiting for the full year announcement for China Merchant Pacific and Neratel and expect both of them not to disappoint. Finger cross on this.

The overall portfolio has increased from the previous month of $282,570 to $289,860 this month. This was due to the recent run-up in a few of the holdings which brings the total market value upwards by quite a bit this month. The estimated annual dividends from the portfolio is $15,148, which is yielding at 5.22%.




I know that we are only in the second month of the year but I am certain enough that I am going to fail this year portfolio objective by quite a bit. As some of you might already know, I am trying to build up quite a substantial bit of cash position which I have done so in Jan and Feb this year. As we are approaching a further run-up seemingly bullish feeling in the market price, I may need to relook at some of the strategies and holdings to see where their current valuations are at the moment. In other words, I may sell to take off some profits in order to build a sizeable cash position where I can deploy when there are better valuations out there during correction. There are definitely a few which I think is at fair or undervaluation so I will continue to keep them.

How is your portfolio doing for February? What is your current strategy towards the market?


16 comments:

  1. Hi B,

    Which are the "overvalued" ones in your opinin? We have quite a bit of overlap. LOl. I am surprised to see China Merchant as top holding!

    I am vested too, but I still view China companies as slightly more risky.

    I am still waiting for STE, China merchant Pacific and Venture's results.

    The other counters results have not disappointed but neither have provide any pleasant surprises too.

    ReplyDelete
    Replies
    1. Hi SI

      There are some on my current holdings which I feel I can take off some profits at this time and wait for the cycle to kick in again. I'm still undecided whether I would do that, but I am queueing for it anyway.

      STE and CMP will announce results by Friday. I expect both not to disappoint too badly indeed, though any upside will be most welcome :)

      Delete
  2. Hi B,

    Solid looking portfolio! Also, congrats on the run-up on China Merchant today! Looks like something's stirring!

    ReplyDelete
    Replies
    1. Hi Aloypro

      Thank you :)

      Probably due to the impending results announcement coming up this Friday. Will just have to pray nothing goes horribly wrong :)

      Delete
  3. Hi B,

    Solid portfolio! I am quite inactive lately as I am building up more cash... and work is busy.

    I sold off some my oil & gas stocks. Market is gloomy. My other stocks are performing such as Coca Cola, Cmfdelg, Raffles Med etc.

    Yeah... I looking to add CMP too!

    ReplyDelete
    Replies
    1. Hi Rolf

      I can see you are travelling more than before for work purpose, you must be really tight and busy.

      Seems like you are building up a cash position as well. It's going to get interesting.

      Delete
  4. Hi B,
    Any thoughts on Neratel's results?

    ReplyDelete
    Replies
    1. Hi Zaanan

      I will blog on Neratel performance sometime soon :)

      Generally, they are doing fine and are incurring more cash outflow and capex due to their plan to increase growth in the POS segment for leasing.

      Dividends back to 4 cents is as expected, they are paying it out of the earnings they are capable of generating.

      Delete
  5. I see that you are having 1/4 of your account in China Merchant Pacific and I'm not sure to view your portfolio as income or growth.

    ReplyDelete
    Replies
    1. Hi Investing Wolf

      Not sure if I get your question there.

      My goal is to invest in companies that generate strong free cash flow and pay prudent dividends out so they can retain to grow the business further. So I would say I am investing for both income and growth at the same time.

      Delete
    2. Hi B,

      Sorry I wasn't clear. I read about your portfolio objectives but did not know if you were a income or dividend investor, hence the question. I also did not realise that CMP is giving a dividend... Yahoo finance was not updated. :P

      Delete
    3. Hi Investing Wolf

      No Worries :) Yes CMP pays out dividend of around 7% yield but it is more than that I am eyeing on the company on.

      Delete
  6. Hi B,

    Thanks for sharing. Perhaps you are a bit too exposed to CMP...

    Cheers,
    Farmer.

    ReplyDelete
    Replies
    1. Hi PIF

      Thanks for the concern.

      I am aware of the exposure.

      Having shared my strategy previously, I am not going for a lot of diversifications where I put 5% allocation in each of the 20 stocks. My strategy is to put money to conviction to where the true gems are and based on my top 4 holdings, I think I am pretty much exposed to the majority of it but with great conviction that I think it will do well over time.

      Delete
  7. Very good portfolio...will you be able to share any particular reason that you are concentrating 25% in CMP?

    David

    ReplyDelete
    Replies
    1. Hi David

      Thank you for your comment.

      I like to concentrate on companies that are able to generate very strong free cash flow. For example, Vicom and Sembcorp Industries (without its aggressive capex activities) are all generating pretty crazy free cash flow yield that they are able to both distributes dividends and retained earnings at the same time. The same goes for CMP.

      It's precisely the case why the few of them are currently in my top 4 lists of holdings. I like what I see on the numbers in their books.

      Delete

UA-57154194-1