Tuesday, March 31, 2015

31 March 2015

For the past 8 days Singapore mourned the passing of our nation's founding father, Mr. Lee Kuan Yew. It was a very emotional week but the stock market did not seem to be very adversely affected by Mr. Lee's passing, for STI was quite flat over the last week. Credit to the late Mr. Lee who had ensured a smooth transition of power to the next generation of political leaders.

Global market continue to be affected by the pending US interest rate hike, which looks likely to happen quite soon. Greek saga looks settled, though it is not quite done. China's economy slowdown was another hot topic, but some investors are hoping that the Chinese government will ease liquidity, so that cushioned the effect a little.

Despite all these noises, STI finished the month March up 44.15, or 1.30% compared to end of February, it closed today at 3,447.01. However, my portfolio performed badly this month. The value drop 0.41%! Reits and a few other property related counters performed badly. Noble was hit hard due to Iceberg report.

This month, I bought some shares of SIA Engineering and Nera Tel. I also received some shares from AimsampIReit, Mapletree Ind Tr and CapitaR China Trust. My Popular Group Shares were debited from my CDP account. the proceed was re-invested. I received a total of S$5,903 in passive income, from both stocks and UT. Below are my top 30 holdings as at 31 March 2015. Apart from some position swopping, there is not much change in the list.

1 ComfortDelGro
3 OCBC Bank
5 Ausnet Services
6 Starhub
7 Metro
8 Sembcorp Ind
9 ST Engineering
10 Frasers Comm Tr
11 SGX
12 CapitaLand
13 CitySpring Trust
14 OUE
15 CapitaComm Tr
16 AIMSAMP Cap Reit
17 United Engineers
18 Nikko AM STI ETF 100
19 Ascendas Reit
20 Mapletree Log Tr
21 YZJ Shipbldg SGD
22 SingTel
23 SIA
24 Sing Inv & Fin
26 SingShipping
27 Global Inv
28 Lippo Malls Tr
29 Sembcorp Marine
30 Frasers Cpt Tr


Low Paul said...

Hi Sanye,
Seems that your portfolio moved from about 500k to maybe about 2mil today. I noted that you made several cash injections quite regularly.
It would be interesting and useful also to know how much of it is cash injection and how much of it is through asset appreciation and how much of it is through dividends.
This would give you a guide of your rough performance since 2007.

Sanye ◎ 三页 said...

Hi Paul,

Thanks for your comment.

When I calculate the monthly or yearly performance of my portfolio, I always subtract the cash injected. So the performance is net of cash injection.

I treat scrip dividend scheme, rights issues etc. as cash injection.

However, I don't really make a detail account of how much of portfolio growth is through cash injection, capital appreciation or dividend. That would be too tedious for me. :)

Sanye ◎ 三页 said...

Hi Paul,

I make a rough calculation and comparison of my current portfolio against the one in 2007, when I started blogging. The breakdown of the increase is as follows:

1. Capital appreciation: 8%
2. Dividend received: 23%
3. Cash injection: 69%

This is a very rough estimate since it does not really take care of those shares which are no longer in the portfolio, i.e. the capital appreciation of those counters are neglected.

Low Paul said...

thanks sanye.
the figures suggest that this portfolio or rather investment style is a conservative one. One which focuses on dividend n capital preservation. When crisis hits, this portfolio shd be able to withstand the blows well.

Low Paul said...
This comment has been removed by the author.
Sanye ◎ 三页 said...

Hi Paul,

Thank you. This is precisely my main objective in investment.

Thank you for the encouraging words.

Recently Citibank investment consultant ran a "crisis test" on my UT portfolio and gave a similar verdict.

Low Paul said...

i believe u are a high earner n thus achieving above average returns is gd enough. There is no point taking unnec risks. Without ur portfolio u will likely be fine anyway.
but with this, its a bonus.

Sanye ◎ 三页 said...

Yes my job pays me well but I am trying to be financially independent from it.

Without the portfolio I am fine but most likely have to work till the official retirement age.

With the portfolio, I can talk louder in front of my boss. LOL.

Low Paul said...

I think u r on track! With ard 2mil portfolio n 120k dividends, if past performance repeated in next 10yrs, plus further cash injection, u could envision at least a portfolio of 5mil n 300kpa dividends.

Sanye ◎ 三页 said...

Thanks for the encouraging words, but I don't intend to stay in my current job for another 10 years. I may "retire" early. :)