28 June 2013

The month June has been an unpleasant one. The global stock market was hit by news that US would scaled back the QE program and some bad news from China. Singapore market was not spared and went into correction mode. Some even fear the bear is back.

Market corrected quite a fair bid, depite some rebounds in between. As at month end, STI drop 161 points, or 4.86% compared with end of May. The value of my portfolio dropped 4.04% in the month, almost in line with the index.

As the market corrected, I felt that buying opportunities may appear. Unfortunately I was kept very busy from my job/business trip that I did not make any buying. I received shares of CIT, Mapletree Ind, AimsampIreit and AscendasHreit, all via script dividend scheme.

I received a total of S$5,820 in dividend this month. I shall look for good opportunity to reinvest them.

Below are the top 30 holdings as at 28 June 2013. There is not much change except at the bottom, where Cambridge and AscttReit replace CWT and Globalinv.

1.   SPH
2.   OCBC Bk
3.   ComfortDelGro
4.   DBS
5.   ST Engineering
6.   Semb Corp
7.   SP AusNet
8.   Starhub
9.   FraserComm
10. SGX
11. MetroHldg
12. SembMar
13. CitySpring
14. CapitaComm
15. Nikko AM STI ETF 100
16. Sing Inv
17. Sabana Reit
18. SATS
19. Kep Corp
20. Ascendasreit
21. AIMSAMPIReit
22. MapletreeLog
23. SIA
24. FrasersCT
25. CapitaLand
26. PanUnited
27. Asian Pay TV Tr
28. Yangzijiang
29. Cambridge
30. AscottReit

31 May 2013

For many years, May has always been a month when I received big dividend, but at the same time suffered loss in share prices. So this year, when STI did well in the first half of the month, I thought: "Hmm...., finally this year is different." Then came the bad numbers from China and Mr. Market reacted adversely to it. Alas.. history repeated itself.

Personally, I feel the sell down in the past few days was overdone. The market was waiting for a trigger to "correct" the run-up earlier. So when it found one it did just what everyone was waiting for - correction. Of course this is my personal opinion and I am not an expert. I may be wrong and this may be the beginn of the bear market. Who knows?

At the end of today, STI closed at 3,311.37, 56.81 ponts or 1.69% lower than last month. My portfolio performed poorly. Its value dropped 3.8% compared with last month. Most of the property related counters did badly this month.

For the MIIF capital reduction, I opted to receive APTT shares, as I thought the yield was okay. I applied for IPO but got nothing. On hindsight, "heng ah". When the counter started weak, I bought some from the open market to round my shares to full lot. I bought some Boustead shares and Sabana Reit. I received some K-Reit shares from KepCorp. I also received some Cambridge IT, Mapletreelog shares through Script Dividend Scheme. All in all, I invested S$20,000 in the stock market this month. This month I also  invested in Schroder Global Multi-Asset Income Fund, a UT which pays dividend monthly. I will start to receive dividend from this fund next month.

Going forward, if the market weakness continues, I will invest in some stocks/reits with good yield. 

This month, my total dividend income amounts to S$19,500 which is a record high. Looking at the chart, I should be well on track to hit or exceed my S$80,000 dividend target this year, baring unforeseen circumstances.

Below are my top 30 holdings as at 31 May 2013:

1.   SPH
2.   OCBC Bk
3.   ComfortDelGro
4.   DBS
5.   SP AusNet
6.   ST Engineering
7.   Semb Corp
8.   Starhub
9.   FraserComm
10. SGX
11. MetroHldg
12. SembMar
13. CitySpring
14. CapitaComm
15. Nikko AM STI ETF 100
16. Sabana Reit
17. Sing Inv
18. Ascendasreit
19. Kep Corp
20. SATS
21. MapletreeLog
22. SIA
23. AIMSAMPIReit
24. CapitaLand
25. FrasersCT
26. PanUnited
27. Asian Pay TV Tr
28. Yangzijiang
29. GlobalInv
30. CWT

Compared with last month, property related counters don't do so well this month. Sabana moved up due to new purchase. APTT and CWT replace MIIF and Cambridge.

30 April 2013

This month, US market seemed to perform pretty well, following some good corporate results. Not so for the local market. Corporate results was mix, and the ST Index was hovering up and down without a clear direction. Most of the months it stayed slightly below March closing, until the last week. Then it suddenly moved forwards to new high on the last few day, at a time when GDP forecast was revised downwards by some local bank. You ask me? I don't understand.

As at today, STI closed at 3368.18, up 1.82% from last month.Most of the gains were recorded during the last few days of trading, which looks to me like window dressing. My portfolio did slightly better, up 2.11% from last month.  I received a total of S$3,070 in dividend from shares and UT this month.

I did not do much trade this month, except received some KS Energy shares through right issue and Global Inv Ltd shares through script div scheme. I just continued to build up cash since index was high. (From the past experience, Stock price may correct a bit in May). I bought some Unit Trust that is investing in Gold stock.

Below are the top 30 holdings as at 30 April.

1.   SPH
2.   OCBC Bk
3.   ComfortDelGro
4.   SP AusNet
5.   DBS
6.   ST Engineering
7.   Semb Corp
8.   Starhub
9.   FraserComm
10. SGX
11. MetroHldg
12. CapitaComm
13. CitySpring
14. SembMar
15. Ascendasreit
16..Nikko AM STI ETF 100
17. Sing Inv
18. MapletreeLog
19. Kep Corp
20. AIMSAMPIReit
21. FrasersCT
22. CapitaLand
23. SIA
24. SATS
25. Sabana Reit
26. MacqIntInfra
27. Yangzijiang
28. PanUnited
29. Cambridge
30. GlobalInv

KepCorp, SembCorp, Sembmarine (oil rick builders) lost some ground. GIL replaces AscottReit due to buy up. Reits are performing well in this month.