Saturday, July 1, 2017

Portfolio Update June 2017

This month, the equity market was quite boring with its side way movement. It went up and down like a little yo-yo. A 1.3% surge in STI on 29 June was followed by a 1% drop the next day. As a whole, STI went up 7 points for the whole month and ended at 3,226.48 on 30 June, not so bad actually.

My portfolio did a little better. It value increased only 0.82% for the month, out performed the index by 0.6%.

I sold more then half of my KSH shares when its price went beyond 0.93 and cash in a handsome profit. I also participated in scrip dividend scheme in QAF, FCOT and Keppel Reit. In total there was a net cash outflow from the portfolio this month.

Total dividend received this month amounted to S$15,436, half from shares and the other half from UT and bond.

Below are my top 30 holdings as at 30 June 2017.


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


Sunday, June 4, 2017

Portfolio Update 26 May 2017

I was in China last week to participate in an event. There was no access to gmail, facebook so I was not able to complete the update there. The May account has to be closed on 26/5, and the update can only be published today.

It is the month May again, but this proved to be a different May for the index. STI ended higher this month ( or at least till today higher compared to last month), despite negative predictions from some analyst that the market needed a correction. As at today, STI closed at 3,219.42, up 1.39% from last month-end.

Unfortunate for me, my portfolio did not do as well as the index. It's value dropped 0.55% from end of April.

I was very busy with my work in May and had very little time to monitor my investment portfolio. I did not do any trade in May at all, but received some shares from Fraser Commercial Trust and Keppel Reit.

May is the "Dividend Month" for investors. My total "passive income" this month amounts to S$25,175. This comes from shares, UT and bonds.

Below are my top 30 holdings as at 26/5/2017.

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

Tuesday, May 2, 2017

Portfolio Update 28 April 2017

Equity market continue its uptrend in April. Despite the tension in Korean peninsula, Middle East and European elections, US market continues to hit new high.

STI did not follow the global upward trend. As at 28 April, STI closed at 3,175.44, almost the same as a month ago (3,175.11). My portfolio did much better than the index. Its value rose 1.74% for the month of April. A few counters in my portfolio did very well this month. They include: CapitaLand, ComfortDelgro, Hotung, KSH, Lian Beng, SATS, and SIA.

I received some shares from Ascott Residence Trust this month from right issue. No other trade was done.

Total dividend received this month was S$7,478, mainly from Unit Trust investment.

Below are my top 30 holdings as at 28 April 2017.

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

Sunday, April 2, 2017

Portfolio Update 31 March 2017

The upwards trending of the global equity market continues in the month of March, despite the Korean crisis, East and South China sea tension, President Trump's setback in the pushing of some of his policies etc. Analysts are saying that a correction is necessary, but it just had not happen.

Compared with a month ago, STI rose 78 points, or 2.54%. Year to date, the STI has climb 10.22%, or 294.35 points for the first quarter. My portfolio move in almost in line with the index, just at a slightly slower pace. As at 31 March, its value rose 2.42% compared to end February.

This month, I bought some IREIT Global and added some Lippo Mall Trust shares. I added some shares from Capital Retail China Trust and Fraser Commercial Trust shares through scrip dividend scheme. I also participated in the right issue from Ascott Residence Trust. I sold away all my shares in Raffles Education and Noble Group. Both are under performers in my portfolio. The net cash flow into my portfolio this month is S$10,692.57.

Total dividend received this month was S$7,374.00, from both shares and UT.

Below are my top 30 stock holdings as at 31 March 2017.
  1. SPH
  2. ComfortDelGro
  3. DBS
  4. OCBC Bank
  5. Ausnet Services
  6. Metro
  7. ST Engineering
  8. Kep Inf Tr fKa CIT
  9. Frasers Comm Tr
  10. SGX
  11. Sembcorp Ind
  12. CapitaLand
  13. AIMSAMP Cap Reit
  14. Tai Sin Electric
  15. CapitaComm Tr
  16. Keppel Corp
  17. Starhub
  18. SATS
  19. Sing Inv & Fin
  20. OUE
  21. Lippo Malls Tr
  22. United Engineers
  23. Global Inv
  24. Nam Lee Metal
  25. Ascendas Reit
  26. Nikko AM STI ETF 100
  27. Cache Log Trust
  28. Stamford Land
  29. KSH
  30. Mapletree Log Tr



Wednesday, March 1, 2017

Portfolio Update 28 February 2017

The Trump rally continued this month but started to show some weakness towards the end of the month, as people now start to doubt if President Trump can turn all his promises into policies. STI "chiong" pass 3,100 but pulled back in the last 3 days. The index closed at 3,096.61 today. Compared with a month ago, it rose 49.81 points or 1.63%.

My portfolio performed very well this month. Its value increased by 3.15% in one month, thus narrowed the year to date gap between its performance and that of the index.

This month, I bought some SingPost shares. I also subscribed to the right issues from Tat Hong, and participated in the scrip dividend scheme of First Reit and Keppel Reit.  Net cash injection into the portfolio is S$8,656.00. Besides, I increased my bond investment this month and reduced Equity fund investment.

I received a total of S$11,931.00 in dividend, from  both shares and UT.

Below are my top 30 holdings as at 28 February 2017.

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



Friday, February 24, 2017

Water Price Raising - Psychological Feeling vs. Mathematical Analysis

One announcement Minister Heng Swee Keat made with the Budget 2017 that created strong reaction from Singaporeans was the raising of water price by 30% in two years. Radio stations made talk show on it and invited listeners to give their view. One of the callers suggested that the authority should have raised water price "gradually" over the past 10 years instead of making this "quantum" price jump at one go. The invited guest, one MP concurred to this opinion and said he would bring it up in the parliament during the budget debate.

A gradual price increase is psychologically easier to be accepted by consumers than a price jump of 30%. However, a mathematical analysis shows this is not necessarily advantageous to them in term of the money paid.

let's make a simple analogy. Say, a certain necessity commodity cost $1,000 for the past ten years, and the price jumped to $2,000 on the 11th year.

Now instead of this price jump on the 11th year, the price increased by $100 each year from the 2nd year onwards. So on the 11th year the price is $2,000, same as the first scenario.

Do you see that you actually pay more in the second case?

Now is it really better to pay more with the gradual increase? You decide.

Now I understand the Chinese saying 温水煮青蛙。

Tuesday, January 31, 2017

Portfolio Update January 2017

Ever since Donald Trump won the US election, market has shown positive trend. The new US president had used the slogan "To Make US Great Again" in his election campaign. Well at the least he has so far made US the "centre of world attention" again with his actions after his inauguration.

STI rose quite a bit in January. As at today, the index closed at 3046.80, up 166.04 points or 5.76% for the whole month. However, I don't really understand why the market shows such bullishness, as the corporate earnings reported so far do not tally with the index performance. Some companies in my portfolio in fact reduced their dividend pay out due to lower profit.

My portfolio value increased with the index, but at a slower pace. Its value increased 3.59% for the month of January.

This month, I did not do any active trade at all. I accepted the cash offer from Aztech and sold all my shares to the company, with a loss. I subscribed to the right issues from Sabana Reit. One of my retail bond investment from Capitamall Asia was redeemed prematurely by the issuer.

Total dividend received from stock and UT investment was S$5,750 this month, mainly from UT.

Below are the top 30 holdings as at 31 January 2017.

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

Thursday, January 26, 2017

新年快乐



祝各位新年快乐,财源广进,笑口常开,万事如意!

Monday, January 2, 2017

Portfolio Update December 2016


The month of December 2016 was not very eventful in the financial market. US Fed finally raised the interest rate for a second time in December, but the rate hike was largely expected and did not create big market swing. Trading volume in SGX was thin as many traders were on holiday.

STI closed at 2880.76 on 30 December, dropped 23.26 points, or 0.8% for the month. My portfolio performed "badly" compared with the index. Its value dropped 1.32% in December. Quite a few counters including REITs performed badly in this month.

This month, I received subscribed to the right issue from ASL Marine and received some shares. There was no other trade done.

Total dividend received in December was S$12,430.00.

Below are the top 30 holdings as at 30 December 2016.

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

Overall my investment did not perform well in 2016. While STI was flat for the whole year (dropped 0.07%), my portfolio value dropped 3.12% for the year, net off fresh fund injected and without taking dividend into consideration. When dividend received is taken into consideration, my stock portfolio made a positive return of +2.5%.

Total dividend received in 2016 was S$153,273.68, 58% from shares, 40% from UT and 2% from Bond.  The chart below shows dividend received in each month.



Wishing everyone a happy and prosperous 2017.