Portfolio – Q117

 

My portfolio (at cost) of S’pore stocks for Q117 close,

Note : Stocks are arranged in descending order of % holdings

 
Summary

The STI closed at 3175.11, +10.22% from end 2016. Using cost as a reference, my portfolio stats (vs 2016),

• Size (Stocks Only) : +4.59% (Cost) / +8.25% (Market Value)
  
• Portfolio Performance (Includes Cash) vs End-2016 Mkt Value : 1.68% (Unrealised) + 0.35% (Realised) + 0.49% (Div) = +2.52%
  
• Further Breakdown of Realised P&L : +0.26% (Stocks Bought before 2017) + 0.09% (Stocks Bought in 2017)
  

So, +2.52% vs +10.22% (STI), a lot worse than STI!

For Q1, I have reduced my transaction volume considerably. I am fearful of the Trump-fuelled rally as it may be nothing but based purely only on optimism. As such, my focus is more on defense, rather than offense. This may be one of the reason for my gross under-performance. But, the main reason is buying too many wrong stocks!

For Q2, I plan to continue with my defensive approach and continue to sell into strength. My longer term hold counters continue to be KIT, FCOT and RafflesMed but I will also continue to trade a bit with my extras.

Portfolio Changes (vs Q416)

• New Additions : —
  
• Increases : FCOT, SingPost
  
• Decreases : RafflesMed, M1
  
• No Change : Kingsmen, King Wan, F&N, Genting, Starhub, KIT
  
• No More : SGX, ARA
  

Exchange Rates (for Q117)

• IDR (Indonesia Rupiah) -2.22% : LMIR – Weakened, perhaps due to religious protests during Jakarta Governor Election?
  
• AUD (Australia $) +2.23% : AusNet, A-Htrust, Singtel, FLT – Continued to strengthen, missed buying A-HTrust & FLT at lower prices and pays Semi-Annual DPU for end-March Q
  
• JPY (Japanese Yen) +0.49% : Strengthened a bit