Saturday, January 30, 2016

Portfolio Update - 29 January 2016

The equity market got on to a very volatile start in Jan 2016. Economics slowdown in China and falling oil price (to below 30USD) sent the global stock prices into a tailspin. On some day there were even panic selling from investors.

STI plunged right from the start of the month. It dropped more than 12% before recovered slightly. Not even today's rally can recover the loss. As at today, STI closed at 2,629.11, dropped 253.62 points, or 8.80% compared to end of last month. My portfolio value also dropped 6.78% from the end of last month. The only consolation is that it dropped less than the STI.

I did some buying trade this month, when the share prices dropped. I bought into SPH, KepCorp, and AimSampIReit shares. I received 1,000 Ascendas Reit shares through preferential offer, and some Boustead shares via scrip dividend scheme. I injected a total of S$29,600 into my share portfolio this month.

Dividend is one bright spot in this bear market. Though the share prices declined, the dividend I received this month, and will receive in the next 2 months do not decline. Total dividend received in January was S$12,500.00, mainly from UT dividend.

Below are my top 30 holdings as at 29 January 2016. There are quite a few changing of positions, reflecting the volatility of the market. SPH regain the lead over ComfortDelGro due to new buy in. SembCorp Ind moved down a few positions as its price dropped. Sing Inv & Fin replaces UE at the bottom of the table as its price dropped less.

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


Sanye ◎ 三页 said...

I think I should qualify it. Of course there is, and there will be some dividend cut from companies, e.g. Keppel Corp. My dividend income did not drop partly due to investment I made last year.

In this volatile market time, we just have to sit tight and ride through the volatility. Meanwhile, continue to collect dividend and reinvest them.

B said...

Good stuff Sanye.

I knew you were going to add SPH and probably OCBC when it goes down :)

Anonymous said...

Hi Sanye,
Can share with us if finance company will be good to hold for long term? For instance, note Sing investments & Finance Limited is in your portfolio on and off occasionally.

You have share with us earlier that it is good time to accmulate bank shares how about finance company, are there anything you feel positive to look out for. The dividend and vitals look stable. Is PE=17 a good ratio in your opinion?


Sanye ◎ 三页 said...

Hi B,

I have been adding DBS and OCBC regularly through scrip dividend scheme. So when this time the priority went to SPH. :)

Sanye ◎ 三页 said...

Hi Jason,

Sing Investment & Finance Ltd has always been in my portfolio. I like it for its steady dividend pay-out. Its price has been moving downwards in the last few days. Now the yield is above 5%.

It's PB ratio is also below 1. The PE number is comparable with other finance companies. I still think that its a good counter to hold for long term. It is just because there are so many other choices at the moment that I have not added it.

Elaine said...

Hi Sanye

I see ST Engineering in your portfolio - I have just started to look at the this co thus would appreciate any insight from you.

It has been beaten down badly in the last few days. Yield should be above 5%! Have you added or is it on your radar?

Many thanks in advance!

Sanye ◎ 三页 said...

Hi Elaine,

Thank you for visiting my blog. STE is one of the defensive stock I like very much, due to their nature of business and link to Temasek Group.

I have bought some shares from this counter the last time when the price was beaten down. I am keeping a close look at it and when there is good opportunity to buy more I will do so.

Yield is definitely above 5% at this price (2.7+) if the dividend remains the same as last year, which I think it will.