Saturday, November 1, 2014

[SGX Portfolio] October 2014 Update

As mentioned previously, this will be my attempt at having a monthly update of my SGX portfolio.

Here are the current stats of the portfolio as of end October 2014.

                                                                         Lots         Average Price   Dividends Collected
Croesus Retail Trust
1
0.900
$54.00
Saizen REIT
1
0.875
$31.00
CDW
1
0.131
$6.26
Asian Pay TV Trust
1
0.760
$41.20
Lippo Malls Retail Trust
2
0.3925
$6.80
New Toyo
2
0.275
$6.00
Chuan Hup
1
0.285
-
Hotung
3
0.149
-
OUE Commercial REIT
1
0.805
-
Hock Lian Seng
1
0.270
-
Global Investments
3
0.141
-
Perennial CRT
1
0.520
-
Singapore Reinsurance
1
0.295
-
Valuetronics
1
0.300
-

Total Cost     $7,346   
Unrealized Gains$191
Realized Gains$0.56
Dividends Collected$145.26

*Realized Gains will take into account the final net profit or loss after including transaction costs to close a long position on a security. Dividends for closed positions will be grouped under realized gains. Dividends that has been collected for positions still held (which are realized) are separately counted.

I increased my holdings on both New Toyo and Lippo Malls when there was price weakness. It does seem to be drifting lower still though. I picked up Valuetronics when it's price was smashed. I've always thought that it was a good counter, just overvalued. It reached a price where I felt comfortable owning it.

Annual income from dividends is now expected to be about $540 for a full year, but of course I collected some and miss out others by not owning them the entire period. I am expecting only 1 of my counters to pay out dividends next month, and it is Lippo Malls.

Based on the dividends I am expected to collect, my portfolio dividend yield on cost is estimated to be about 7.3%.

I have identified good business models which I like, but I have yet to delve deeper into the financials of most of the companies that are on my current watchlist now. The watchlist is quite big, around 70+ stocks, which comprises about 10% of the SGX listings. I am looking to trim it down a bit.

I am also looking forward to the drop in share lots from 1000 to 100, because it will enable me to have access to much more companies that used to have a very high capital requirement. However, this will only happen in Jan 2015. I will start checking the fundamentals of the companies that I look to add in my future watchlist though.

I am resisting loading up on shares even though I see some very tempting picks and the broad market feels fairly priced. Markets rarely go sideways for so long, so something is definitely happening behind the scenes.

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