Feb 19 - Portfolio & Networth Update

Publish date: Thu, 14 Feb 2019, 09:35 PM

No.	Counters	No. of Shares	Market Price (SGD)	Total Value (SGD) based on market price	Allocation %
1.	Starhill Reit	377,000	0.68	256,360.00	29.0%
2.	Vicom	31,300	6.29	196,877.00	22.0%
3.	Frasers Logistic Trust	163,000	1.11	180,930.00	21.0%
4.	Far East Hospitality Trust	230,000	0.64	147,200.00	17.0%
5.	Manulife Reit	81,000	US$0.865	94,587.00	11.0%
6.	Warchest	1,000		1,000.00	1.0%
Total				876,954.00	100%

The market has rebounded well in 2019 and almost everyone in the local finance community I know are making a good profits so far in these 2 months.

KPO has done wonderful in his portfolio which you can read here while Miss Niao has already concurred double digit returns this year.

Whilst my portfolio has also benefited from the overall trend of the market, it has not performed as well because the nature of the companies/reits I have in the portfolio are constructed to be more defensive in nature.

Alright, let's get down to business.

First, I added more Starhill Reit and making this my top position in the portfolio which I openly blogged here.

The share price has received some pressure lately after the company went ex-dividend but on the larger scheme of things, I do not think there's anything to press the panic button yet. For as long as there isn't any liquidity crunch, Reits will do just fine over the long run with their gyration of up and down and Starhill has a management that has the experience of undergoing that.

Second, I also added a small tiny bits of Fraser Logistic Trust to make this a whole round number. This is part of the "investing" exercise I did for my children with their Angbao monies. I invested 400 shares of FLT each.

Third, I have also closed my UMS short position which again I have blogged here.

To think what was supposed to be an unhappy incident turn to be a blessing in disguise.

The share price has since broke through the resistance and closed at 69.5 cents today. If I held them until now, I would have received a margin call from the broker.

While I am still baffled as to why the share price kept increasing, I will take this into account as a loss in my coverage. And a good lesson thankfully not as pain as it should.

Having said that, I'm still curious to see what happens when they announced their full year results in a week time.

Networth Update

While my portfolio didn't too well as compared to others in terms of percentage wise, it has gone up from the previous month of $853,984 to $876,954 this month (+2.7% month on month; +38.3% year on year).

This is the 14th consecutive month that the portfolio has broken a new high.

Most of the increase are accounted from Vicom and Manulife, which reported good results.

This month is also a bumper dividend month, so I'll be looking forward to getting the dividends at the later stage of this month.

Meanwhile, do stay vigilant but I just suspect the market might be favorable to investors this year, which means a bad thing for my portfolio which has more of a negative correlation.

Thanks for reading.

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