Tuesday, May 2, 2017

April 2017 Portfolio

Well this month has been a rather busy month with work.Doing a really quick update to track my performance

There are some movement in portfolio.

  1. Fully divested Chow Tai Fook after the huge run up. I bought this very high at 10plus, and have traded this in and out a few times. With the dividends I have received, I more or less just broke even with this. Talk about right investment wrong price. 3 years of investment and just broken even, nothing to shout about
  2. Belle just announced that it is going to be privatise. The offer price is HKD 6.3. I will await for the offer and accept this. Not making much from this as well as I have bought this 2 years ago at 8 plus. I got this for its strong cash flow position and its consistent dividend paying. I am going to miss the 6% payment yearly. Time to find a subsititute
  3. Added a new company in China Overseas Land. The price has dropped substantially. After looking at the company, I find it worthwhile. Buying a company worth at least 30 for 23 sounds ok to me. Paying only 30% of earnings as dividends and I am getting 4% yield sounds ok as well.
  4. Hui Xian is offering me script at 3.02 when it was trading at 3.1. I gladly took it for it close to 9% yield
  5. Well with Belle gone soon, the number of companies I am invested is going to stay the same in a few months time.
  6. Quite a good month for my portfolio. It has increased from 280 to 282, not a lot but satisfactory

No.
Counter
No. of Shares
Market Price
Total Value based on Market Price (Base Currency)
Total Value based on Market Price (SGD)
Allocation(%)
1
Riverstone Holdings Ltd
22,000
0.88
19,250
19,250
6.81%
2
Food Empire
25,000
0.57
14,125
14,125
5.00%
3
Low Keng Huat
10,000
0.66
6,600
6,600
2.34%
4
Bank of China
38,000
3.75
142,500
25,000
8.85%
5
PICO
88,000
3.16
278,080
48,786
17.27%
6
Chow Tai Fook
0
8.6
0
0
0.00%
7
Prada
500
36.1
18,050
3,167
1.12%
8
Sa Sa
39,000
3.32
129,480
22,716
8.04%
9
Belle Int
8,000
6.07
48,560
8,519
3.02%
10
Alibaba
80
118.09
9,447
13,226
4.68%
11
Hui Xian REIT
15000
3.503
52,545
9,218
3.26%
12
Pou Cheng
24000
1.64
39,360
6,905
2.44%
13
Vinci
90
60
5,400
8,100
2.87%
14
China Overseas Land & Investment Ltd
2000
22.45
44,900
7,877
2.79%
14
Warchest



89000
31.51%




Total(SGD)
282,490
100.00%

Tuesday, April 4, 2017

March Portfolio and Achieving Netwoth for 2017




No.
Counter
No. of Shares
Market Price
Total Value based on Market Price (Base Currency)
Total Value based on Market Price (SGD)
Allocation(%)
1
Riverstone Holdings Ltd
22,000
0.87
19,140
19,140
6.82%
2
Food Empire
25,000
0.59
14,750
14,750
5.25%
3
Low Keng Huat
10,000
0.64
6,400
6,400
2.28%
4
Bank of China
28,000
3.8
106,400
18,667
6.65%
5
PICO
88,000
3.15
277,200
48,632
17.32%
6
Chow Tai Fook
12,000
7.5
90,000
15,789
5.62%
7
Prada
500
33.55
16,775
2,943
1.05%
8
Sa Sa
39,000
3.08
120,120
21,074
7.50%
9
Belle Int
8,000
5.08
40,640
7,130
2.54%
10
Alibaba
80
108.09
8,647
12,106
4.31%
11
Hui Xian REIT
15000
3.4917
52,376
9,189
3.27%
12
Pou Cheng
24000
1.64
39,360
6,905
2.46%
13
Vinci
90
60
5,400
8,100
2.88%
14
Warchest



90000
32.05%




Total(SGD)
280,824
62.61%

I am quite a lazy person hence its very difficult for me to track my cash input and my investment return. Hence to make things easy, my yearly target is to increase my networth by 20% per annum regardless of where my source of wealth is from. I am happy to say that I have achieve this milestone for 2017 in Q1 (hope it stays this way for the rest of year). March has been a month where market has still continue to march upwards with a chunk of my companies announcing their annual result. Nothing much as a surprise for me. I also have a little more cash coming in from my annual bonus. This year is not expected to be great and the bonus is more or less what I expect (did help a little in increasing my networth)


I started the year with around 230K. At the end of the March I managed to reach 280K pretty happy with my progress this year all thanks to Mr Bull and maybe Mr Trump as well. I have liquidated some of my holdings due to the run up.


Singapore


At the SGX front I have not done anything since November 2016 in which I sold half of my position in Food Empire.


On the announcement front, LKH release their result, stable as expected with dividend unchanged at 6%. I have been waiting for Food Empire to release their result. The result came in better than I expect. Vietnam is growing at double digit, Russia has stablize. The surprise was the dividend announced. I did not expect and dividend to be distributed but its a good thing anyway. That’s about it for SGX.


Hong Kong


As I have quite abit of position in HK, I did some transaction this month. Bought into more SASA. Although this company has not been growing much recently, they are pretty stable and a cash cow. I took up a little more position as my average has been a little high. The queues which I witness in HK and Macau on my trip in 2016 gave me the confidence that this business will not be closing down anytime soon. I have had some interaction in InvestingNote and someone pointed out that Belle is not the only distributor of sportswear apparel. True enough Pou Sheng International are in the distributing business as well. In fact, they are mainly in the sportswear business. As a person who likes sports, this segment draws a lot of interest for me. China itself is encouraging their people to have a more active lifestyle and such companies will tend to benefit from such initiative. After driving into the business model and the numbers, I find the company attractive enough for me to take up a position. The price has fallen by quite a bit due to some accounting scandal. The company however has acted in a fashion that draws respect from me. I will see how this goes a few years from now. Hope the investment will turn out well. I will cover my thought process in Pou Sheng in another article.


On the company announcement front, Hui Xian has released their result and I am going to get close to 4% yield on my investment(Yeah!). They managed to eek out better yield even after all the tax changes implemented. That is pretty impressive work for ARA. Bank of China also just release their result. Did not expect them to have better profit. Truth be told, no surprises here. I am still getting 30% div on EPS. Not too shabby. My yield on investment is close to 7%. Not complaining much here. Sasa, CTF and Belle has yet to release their result. Probably got to wait to May or June to see the numbers. Hong Kong companies typically only release their result twice a year unlike SGX, releasing every quarter.