Thursday, March 31, 2016

Portfolio Update - 31 March 2016

March has been a relatively good month for investors. Global equity continue to recover from the fall earlier of the year. Attentions are still on if Fed will to hike the rate 4 times or 2 times in this year; as well as the development in Chinese market. e.g. the dovish speed from the Fed chief boosted the market yesterday.

STI continue to recover this month. On 18 March it even turn positive for the first time in the year. Unfortunately the momentum could not maintain. As at today, the index closed at 2,840.90, up 174.39 points or 6.54% from last month. My portfolio, though recovering, did not do as well as the index. Compared to last month, its value increase only 4.72%.

As the index rose beyond 2,800, I slow down my fund injection into the portfolio. It is time to beef up the "war chest" again for the next wave of opportunities. I bought some Neratel shares this month, and received some Mapletree Industrial Trust and Capita Retail China Trust shares via scrip dividend scheme.

Saizen Reit pays twice dividend this month. The special distribution is actually return of capital so I do not record it as dividend income but rather  as a sales proceed. As a result of this "sell transaction", there is a negative cash injection of S$15,002 into the portfolio this month. This is part of the reason why the portfolio is under performing the index so much.

Excluding the special distribution from Saizen Reit, the total dividend income this month was S$6,764, from both shares and UT.

Going forward, I will still seek to invest in dividend stocks to boost my dividend income, but will be more cautious as the index has recovered.

Below are my top 30 holdings as at 31 March 2016. Saizen Reit dropped off the list after the capital return (special distribution). It is replaced by Mapletree Logistics Trust.

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

16 comments:

B said...

Hi Sanye

Is the purchase of Neratel in a bid to increase position or are you looking at something for them long term?

Sanye ◎ 三页 said...

Hi B,

Neratel has been in my portfolio for sometimes. This buy is a kind of DCA as I still believe that this is a good counter to own.

Cheers!

yoland king said...

Hi sanye,

great to see your update again, Sanye!

perhaps will meet u at one agm. do you go to any agm, if at all?

Sanye ◎ 三页 said...

HI Yoland King,

I hardly go to any AGM, due to my work schedule.

I hope to change this soon....

Sanye ◎ 三页 said...

Yoland King,

By the way, I read your update too. Can't say hello there since you disable comment function.

I am looking at Singpost. Do you think it's worth investing at current price? (7 cts dividend should be sustainable)

yoland king said...

Hi sanye,

i think it is very likely sustainable. dun forget revenue from singpost centre should also start to come in next year i think.
over long term, i would expect dividend to trend upwards.
e commerce and e logistics together with singpost centre rental will drive revenue upwards

u can reach me at paulcoke8@gmail.com if you wish

K said...

Hi,

You guys are not bothered by what happening in the Singpost Board and CEO search?

Thanks

Anonymous said...

Hi Sanye,
Noted that Comfort Delgro have always been on the top of the list generally. Currently, government is buying back the assets from those transport companies and change to contracting model instead. Also, we see competition from other foreign companies as well

In your opinion, do you think there is anything positive from this industry in long terms or perhaps not since most companies have higher 1)PE of at least 20 2)PB of at least 2.5 times and 3)dividend yield less than 3%

Except for Vicom yield which it seem to be able to maintain 3% over the years

Jason

Sanye ◎ 三页 said...

Hi K,

The problems you mentioned are challenges/crisis to the company. However I believe that the company has processes in place to run their business and they will eventually come out of the crisis.

Crisis also provides opportunities, doesn't it?

Sanye ◎ 三页 said...

Hi Jason,

ComfortDelgro's business is not just in Singapore. Do check out their website to see their global footprint.

Competition in Singapore may become tough as in all other businesses, but their global business will keep them growing, I believe.

I have been holding their shares for very long time, when its price was around $1.50.

yoland king said...

i concur with sanye. and i have taken the opportunity to add more singpost and totally comfortable with holding a six figure shareholding in a company which is almost 200 years old and which recently gone away from its traditional business and gone much global to the far reaches of the other side of the world. i am prepared to hold for perhaps the next decade or two. 4 x a year dividend in a non reit and low chance of reit plus the ability to increase its revenue and raise its dividends fits my requirement. as such, it inevitable that there will be problems and ups and downs in its share price. comfortdelgro is currently on my watch list. will add should the price dip more and the yield comes up more.

Sanye ◎ 三页 said...

Yoland King,

Wow you have a six figure holding in SingPost! I only nibbled a little during the recent price dip when the Chairman elect turned down the job. Will see if there are future opportunities to add more.

yoland king said...

hi sanye,

personally, i find singpost increasing its dividend after being stagnant for so long, in parallel to its increased earnings relating to its increased businesses, as a very positive signal. chairman or ceo issues..well, we are talking about a 200 year old company. definitely we will see quite a number of ceo, chairman etc, and moreover, the latter people do not own majority stakes in singpost. so it doesn't really change the overall direction which the company is moving.

similar to singtel pattern.

owning these two good blue chips singpost and singtel will mean dividends in 1,3,7,8,11 months, a very regular and good dividend stream with rising pattern, especially useful for retirement planning where we can sleep in peace knowing our money is working for us.

just my opinion.

Elaine K said...

Hi San Ye

With NeraTel potentiall divesting its POS business - which accounts for the bulk of its recurring revenue - may I know what are your thoughts about this counter?

cheers
Elaine

IBU SUNARTI DI KALIMANTAN said...

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