31 May 2012

May has always been the month to receive dividend, but it has also been the month when the portfolio value decreases. This pattern has been consistent throughout the past five years, where the decrease of portfolio value in May was higher than the dividend received. This means that if I have sold everything at the beginning of May and bought back at the end of it, I would have made handsome profit. Anyway that is just some thinking aloud and I couldn't have done that as I was on a tour in Tibet at the beginning of this month.

Global equity market has been volatile this month, caused by the Euro crisis. STI retreated this month on thin volume. As at the end of the month, STI dropped more than 200 points, or 7.01%, ended at 2772.54. My portfolio value dropped 5.05% in the same period, performing better than the index.

During the month, I bought in LippoMall Trust and Yangzijiang. I participated in the script dividend scheme in AIMSAMPIREIT and DBS. At the moment the rights issue from SP Ausnet is still open, but I have not decided to participate. Going forward, I will continue to invest in good dividend stocks.

Ireceived a record dividend of S$17,000 this month (including div from bond fund). I looked well on track to reach the targeted dividend of S$60,000 this year. I must confessed that I spent half of the dividend on tour with my wife. The rest has been or will be re-invested.

Below are the top 30 holdings as at 31 May. Not much changes at the top of the list. YZJ re-entered the list when I bought in more. The offshore marine stock slided down a bit.

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