Portfolio Q114

Portfolio Breakdown

My portfolio (at cost) of S’pore stocks for Q114 close (A new format),

Note : Stocks are arranged in descending order of % holdings

 
 

Summary

The STI closed at 3188.62, +0.669% from end 2013. Using cost as a reference, my portfolio stats (vs 2013),

• Size (Stocks Only) : -11.01% (Cost) / +0.89% (Market Value)
  
• Portfolio Performance (Includes Cash) vs End-2013 Mkt Value : +11.92% (Unrealised) + (-5.75%) (Realised Losses) + 0.39% (Div) = +6.56%
  
• Further Breakdown of Realised P&L : -6.3% (Stocks Bought before 2014) + 0.55% (Stocks Bought in 2014)
  

So, +6.56% vs +0.669% (STI), better than STI. The figures are a bit misleading as the Portfolio Performance was still hovering at just below +2% a week ago but started to go up due mainly to the big price jump by UMS and to a smaller extent, Neratel. It may fall back down to earth in Q2… hopefully not…

For Q114, I was busy realising huge losses… Vard (which subsequently rallied by >10% as Brazil yard problems seemed to be contained), LMIR (Indonesia economy looks shaky with Rupiah under stress) and even my old fav, Popular Hldgs (Operating Profit continues to weaken altho’ Cash is strong)… The realisation I had was that if there’re better alternatives around, with a good enough degree of certainty, I ought to just “bite the bullet” and move on. As long as the alternative stock performs better, we’ll see a rise in Total Asset Value…. and this is after all the most important reason for investing… Realising losses can and is very painful.. psychologically… but, this is one key area I’ll have to continue to develop myself..

As expected, new fears had surfaced in Q114 (after QE3 Tapering had been mapped out by the US FED). Russia annexation of Crimea created fears of a bigger conflict in Eastern Europe starting with Ukraine and leading to perhaps other ex-USSR states. For a while, a more hawkish Yellen speech which indicated Interest Rate is likely to rise earlier than previously expected, created fears (may not have gone away yet but it shows the impact of the FED’s actions or even just talk). At this point in time (end-Q1), fears seemed to have subsided but what’s for sure, something will crop up in Q214.

For Q214, my game plan continues for Dividend Plays but at a smaller scale as fewer companies have March as their year end. However, many stocks which had declared their FY13 (Dec) Div will be going xd in Q2 and I’ll be selling down the less promising ones before it goes xd.

 
 

Portfolio Changes (vs Q413)

• New Additions : A-HTrust, SB REIT, STEng, SIAEC, Genting
  
• Increases : NeraTel, UMS
  
• Decreases : Popular
  
• No Change : FCT, Saizen, , Forterra, SBSTransit
  
• No More : HLFin, LMIR, Vard
  

 
 

Exchange Rates

• USD (US $)
  

• AUD (Australia $)
  

• JPY (Japanese Yen)
  

• IDR (Indonesia Rupiah)
  

Looks like good news for Q1 DPU as,

• IDR (Indonesia Rupiah) +7.1% : LMIR
  
• AUD (Australia $) +3.6% : A-HTrust
  
• JPY (Japanese Yen) +1.6% : Saizen (No DPU Payout as Semi-Annual in Jun)