Monday, August 31, 2015

Portfolio Update - 31 August 2015

August has been a bad month for share investors. Weakness in Chinese economy growth caused the Chinese stock market to slump. Of course the extreme volatility of Chinese stock market was also caused by the over-leveraging of the investors which has pushed the share prices to an insane height previously. The crash of Chinese stock market in turn affected the other markets, Singapore included.
On 24 August (which incidentally is my birthday), STI dropped 127 points on a single day! Many thought that the market is going to crash big time and were getting nervous. Fortunately STI recovered back to 2950 level by the end of the week. However the rally lag strength, and the index  dropped more than 1% today to close at 2921.44. For the whole month, STI droped 281.06 points, or 8.78%, making this the worst month in the past few years.

My portfolio value sank in tandem with STI. As at 31 August, its value decreased by 8.08% compared to end July. YTD portfolio value has decreased 11.26%. Unless stock market has a great rally towards the end of the year, the return of share investment this year is foreseen to be negative, even if dividends are taken into consideration. (I put this as a record here, it does NOT mean that I am overly concerned about the decline).

This month, I topped up shares of  Tai Sin Electric, Stamford Land, Ascendas-HT, CapitaR China Tr and STE. I am using the opportunity to increase these holdings to improve dividend income further. Total fund invested this month was S$31,425.00.

Dividend wise, August has always been a good month for dividends. This year is no exception. The total passive income received in August amounts to S$17,970.00, majority are from shares.

Below are my top 30 holdings as at 31 August 2015. There were not much changes as price drop was across the board. STE move up due to topping up, while Lippo Mall Tr replaces  SingShipping.

1.       ComfortDelGro
2.       SPH
3.       DBS
4.       OCBC Bank
5.       Ausnet Services
6.       ST Engineering
7.       Kep Inf Tr fKa CIT
8.       Metro
9.       Sembcorp Ind
10.   Frasers Comm Tr
11.   Starhub
12.   SGX
13.   AIMSAMP Cap Reit
14.   CapitaLand
15.   Keppel Corp
16.   OUE
17.   SATS
18.   Nikko AM STI ETF 100
19.   CapitaComm Tr
20.   Ascendas Reit
21.   YZJ Shipbldg SGD
22.   United Engineers
23.   Global Inv
24.   Nam Lee Metal
25.   Sing Inv & Fin
26.   SingTel
27.   CWT
28.   Mapletree Log Tr
29.   SIA
30.   Lippo Malls Tr


11 comments:

cookie said...

Steady man..keep adding. U are probably financially more solid than ur boss!

Sanye ◎ 三页 said...

Hi Paul,

Thanks for the encouragement. I don't know my boss' financial plan. May be he is another big time investor. Who knows?

I think in the world of investment, we may use others as a kind of bench mark to gauge how we are doing but should not compete, for everyone has different objective, comes from different background and has different means. We should follow our own plan to achieve our own objective.

By the way, I think the market will continue to be volatile and there will be opportunities to slowly load up. Happy investing.

Anonymous said...

Hi 三页,

Can you advise what are the stocks you have that gives dividends?

Thank you.

Sanye ◎ 三页 said...

Hi Anonymous,

I don't quite understand your question. Please look at my top 30 holdings. Which one does not give dividend?

B said...

Hi Sanye

Happy belated birthday first of all :)

Plenty are under my consideration as well, in particular taisin and stamford land. Im just hoping for more discounts and then we can swoop it at a bigger scale. Good times ahead, especially with your sort of dividend cashflow.

Sanye ◎ 三页 said...

Hi B,

Thank you for the Birthday wish, though this day will be remembered by many as "Black Monday". :)

Looking at the market, I must agree with you that opportunities are there. Just have to hold my anxiety and exercise discipline in phasing out fund injection. No one knows how long this correction will last.

Happy investing.

Unknown said...

Hi Sanye,

Happy Birthday ! I have deployed quite a bit of my funds into the market (Dividend generating equities). Hope I had made the right decision and did not catch a falling knife.

CS

Sanye ◎ 三页 said...

Hi CS,

Thanks for coming by.

If you are investing for dividend, then you should not be too concern about the price fluctuation.

In this time of turbulence, I would exercise discipline and phase out my investment. No one know how the market will react after 18/9 ( the date when Fed decides if they are raising interest rate).

Cheers!

Unknown said...

Hi Sanye,

Thanks for the advice. I have assumed i/r will rise and dividend will be reduced. Even with the above assumption, most of my positions will yield 5-6%.

Separately on Fed Fund Rates, given that this Fed is made up of mainly dovish governors, the increase in rates will be gradual and measured, IMO. Also I do not see an yield inversion coming in the next one or two years.

Having said the above, market can still behave irrationally.

CS

Sanye ◎ 三页 said...

CS,

Agreed. That why I said if we take a long term view, and our objective is investing for income, we should not be too concern about the market volatility.

Sanye ◎ 三页 said...

I deleted a comment which was obviously an advertisement.