"Mar 17" - SG Transactions & Portfolio Update"‏

Publish date: Mon, 20 Mar 2017, 10:46 PM

No.	Counters	No. of Shares	Market Price (SGD)	Total Value (SGD) based on market price	Allocation %
1.	CDL Hospitality Trust	60,000	1.39	83,400.00	16.0%
2.	Fraser Logistic Trust	80,000	0.96	76,800.00	15.0%
3.	IReit Global	73,000	0.72	52,560.00	11.0%
4.	M1	20,000	2.17	43,400.00	9.0%
5.	LippoMall Trust	80,000	0.39	31,200.00	8.0%
6.	Comfortdelgro	11,000	2.51	27,610.00	8.0%
7.	Far East Hospitality Trust	40,000	0.59	23,600.00	7.0%
8.	UOL	3,000	6.94	20,820.00	6.0%
9.	Singtel	5,000	4.00	20,000.00	6.0%
10.	FCL	10,000	1.75	17,500.00	5.0%
11.	Micro-Mechanics	15,000	1.06	15,900.00	5.0%
12.	Keppel DC Reit	13,000	1.19	15,470.00	5.0%
13.	Sabana Reit	30,000	0.46	13,800.00	4.0%
14.	First Reit	8,134	1.30	10,574.00	3.0%
15.	OCBC	34	9.63	327.00	1.0%
16.	Warchest*			48,000.00	9.0%
	Total SGD			500,961.00	100.00%

It's been a very eventful and action packed month this happens to be.

I can't recall exactly if the market moves up from the previous month but my portfolio seemed to benefit quite a bit from it. I guess the recent M1 saga helped to push quite a bit upwards.

Let's see the many activities I've made on this month.

I started off by adding Comfortdelgro into the portfolio which I blogged over here. I still think that current valuation is fair and many issues that arise out of their taxi business have been priced into the share price.

I also bought off ISO Team for momentum play which I have then sold off recently, incurring a 5% loss. It was meant to be a calculative move but I guess it didn't work out as expected. There's some learning points on me on this one.

I managed to divest off my ST Engineering since the recent run-up due to the stronger USD and defence budget. The valuation is currently in the top range of the historical mean and unless earnings can recover fast (which I doubt in the next 2 years), I think it's hard to see them going up further.

I also added UOL right upon the announcement of the relaxation of the cooling measures. I blogged my thoughts over here. I have one other property counter FCL which managed to run up as a result of this news as well. I think property developer is due for a recovery and it has been the top performer ahead of most other sectors to date.

Last but not least, I also added Far East Hospitality Trust which I blogged over here. I'm going pretty big here on the hospitality sector as I'm also heavily vested in CDLHT so we'll have to see if time will prove so. I believe the sector is coming to the bottom this year and will be a value play for the next few years to come.

I also take a bidding for the recent Kimly IPO (here) which I unfortunately did not manage to get it. It's a pity because the share price immediately double and the amount could have paid off a lot of my expenses in the month itself. I guess I'm always running out of luck in the IPO bidding.

The portfolio has grown from the previous month of $492,646 to $500,961 this month (+1,7% month on month; +34.7% year on year).

My current warchest is running low so I'm probably going to take a break from any further activities this month. I'll have to wait for next month when my bonus will come in and have the cash reloaded again. April and May will be both a very crucial month but I'm gingerly optimistic to achieve the target I've set for this year.

Thanks for reading.

The local market has gone up double digit at 10.8% year to date. How has your portfolio fare so far?

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