Portfolio – Q315

 

Portfolio Breakdown

My portfolio (at cost) of S’pore stocks for Q315 close,

 

Note : Stocks are arranged in descending order of % holdings

 
Summary

The STI closed at 2790.89, -17.07% from end 2014. Using cost as a reference, my portfolio stats (vs 2014),

• Size (Stocks Only) : +7.74% (Cost) / -2.89% (Market Value)
  
• Portfolio Performance (Includes Cash) vs End-2014 Mkt Value : -9.26% (Unrealised) + 2.11% (Realised) + 3.74% (Div) = -3.41%
  
• Further Breakdown of Realised P&L : -0.27% (Stocks Bought before 2015) + 2.38% (Stocks Bought in 2015)
  

So, -3.41% vs -17.07% (STI), better than STI but a loss…

For Q315, the market was hit by China Yuan Devaluation and fears of China slowdown. Unfortunately, I had used up my large cash pile too fast buying for Yield Rotation Play, only to be hit by the China “tsunami”. My last trade was on 16-Aug-15, which used up the last of my free cash. As my projected cash flow from Dividends in the next few months is healthy, I have decided to take some time out from the market to focus on other family activities.

The surprising anchor to my portfolio (supporting it from a bigger drop) is coming from UMS. BB remains stable, with both Bookings & Billings a bit higher. To-date, Shares Buy-Back had not been active and I’m inclined to believe it’s very likely going to be used only to support prices in order for CEO to do more selling. Nevertheless, the UMS price stability is giving me an option to switch to other stocks which’d dropped a lot more in % terms.

For Q4, I’ll most likely stay inactive till Nov, when the kids have all finished their final exams. I’m however quite inclined to stay passive as my Dividend Projection looks healthy till Dec.

 
 

Portfolio Changes (vs Q215)

• New Additions : UOB
  
• Increases : UMS, M1, Kingsmen, Starhub, KIT, SMRT, IREIT
  
• Decreases : FCOT, ARA
  
• No Change : King Wan, F&N, Genting 
  
• No More : Singtel, OCBC
  

 
 

Exchange Rates

• IDR (Indonesia Rupiah) -3.79% : LMIR – Continue to weaken after -4.47% in Q215 & -1.04% in Q115. Looks bad
  
• AUD (Australia $) -3.31% : AusNet, A-Htrust, Singtel – Continue to worsen, after -0.75% in Q215, -3.31% in Q115, -5.07% in Q314 & -3.10% in Q414
  
• JPY (Japanese Yen) +7.14% : Saizen – Positive again, after -4.08%  in Q215, +3.51% in Q115, -5.69% in Q314 & -5.23% in Q414