A Path to Forever Financial Freedom
Apr 19 - Portfolio & Networth Update
| No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
| 1. | Starhill Reit | 377,000 | 0.755 | 284,635.00 | 30.0% |
| 2. | Vicom | 31,300 | 6.79 | 212,527.00 | 23.0% |
| 3. | Netlink Trust | 236,000 | 0.835 | 197,060.00 | 21.0% |
| 4. | First Reit | 152,000 | 0.98 | 148,994.00 | 17.0% |
| 5. | The Hour Glass | 106,900 | 0.80 | 85,520.00 | 9.0% |
| 6. | Far East Hospitality Trust | 3,000 | 0.67 | 2,010.00 | 1.0% |
| 7. | Ho Bee Land | 300 | 2.53 | 759.00 | 1.0% |
| 8. | Warchest | 1,000 | 1,000.00 | 1.0% | |
| Total | | | | 932,505.00 | 100% |
Greetings from JB!!
We are on a long weekend for the Easter week so I decide to bring my family to a nearby getaway to our neighbouring countries for some quick hit shopping, eating and playing time.
I was just catching up with fellow bloggers Thomas from 15 Hour Work Week and Chris from Tree of Prosperity two days ago over lunch and we talked about M Bison from the Street Fighter series and look what I've got in our Airbnb apartment! A Game Console!
 |
| Muahaha, I am surprised I still remember the special moves by all the character, including the famous M Bison |
Back to the portfolio updates now.
April has been a very good month for investors because the stock market continues to go up and most if not all my portfolio has benefited from the upward trend moves.
Two of my biggest holdings, Starhill and Vicom, have been doing superbly well this year so they are the main contributor to the increase again this month.
I have divested Manulife Reit at USD 86.5 cents because I think the general valuation overall is rather fair and I wanted to reduce my over-dependence on Reits which is taking the majority of the portfolio before the divestment. Looking at how Kep KBS reported good Q1 results and outlook recently, it seems like there are still room for the US commercials to go up.
With the proceeds, I took an interesting position at The Hour Glass, which I averaged a couple of times from 70 cents all the way to 74 cents, accumulating a total of 106,900 shares in the process. This is after the big move which seen big institutional play coming in on this stock a few weeks ago.
This is a relatively short term play because YTD results have been doing really well with margins marginally up to 25% from 24% last year but revenue line also increases. My estimation for FY earnings is THG will end the year with EPS around 9.3 cents which if we give a valuation of 10x PER, the target price will be around 90+ cents.
The share price has been up a few good times this week so my position is already up around 9% as it closes at 80 cents today, but between now and FY results I suspect there is another 10% upside.
Networth Update
The portfolio continued to do well this year, which is up again from the previous month of $900,096 to $932,505 this month (+3.4% month on month; 29.8% year on year).
This is the 16th consecutive record month that the portfolio has broken a new record high.
I am coming due soon for my sabbatical D-day in May so I've got to make every returns count now while the bull lasts.
The hardest part being involved in the bull market is the expectation as investors we are giving ourselves to be performing better than the index.
To date, the return has been satisfactory as it is performing better than the index so I can't ask for much more (i.e, if the stockscafe statistic is correct. I've had friends in my chatgroup who disputed the ES3 returns to date to be incorrect).
Next month will be interesting because we are in for a "Sell in May and Go Away" period so we don't know if the market will fall for that legendary trap but we'll have to cope and see.
Meanwhile, have a great long weekend and enjoy and celebrate the Easter this weekend.
Thanks for reading.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
