Author: kktan

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Singtel @ $3.53

Sell @ $3.53

Reduce a bit… but, ought to be waiting for next results as Div = 10.7ct for past 3yrs… 😀

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FCOT @ $1.4733

Sell @ $1.47, $1.48

Mkt continued to strengthen, STI +40.91 @ 3598.73… Am down to a bare minimum holdings, icluding odd lots… Will re-evaluate again after the next results… 😀

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FCOT @ $1.45

Sell @ $1.45

Reduce further… DPU likely going to be impacted if they’re still unable to fill the void left by HP at Alexandra Techno Park… MAS policy on a stronger S$ will impact the earnings from Aussie assets… This Q will also see a lower DPU due to the Advanced DPU paid earlier…

Main positive will come from the recently acquired assets but not for a full Q… There’ll however be dilution coming from the Private Placement… Still, DPU may be supported by an increased Capital component… 😀

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SGX @ $7.31

Sell @ $7.31

Contra off….  It’s Friday again and with Trump being very active on China Trade War, I don’t think it’s a good idea to hold over the weekends when there’s a profit to be had… 😀

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SGX @ $7.225

Buy @ $7.28, $7.17

Trade War Fears between US & China… STI -2%… Going to be bloody if this continues… 😀

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Portfolio – Q118

My portfolio (at cost) of S’pore stocks for Q118 close,

% Holding

Stocks

Total

> 5%

Raffles Medical

73.0%

  

Kep Infra Tr

  

  

M1

  

  

KingsmenCreative

  

  

SingTel

  

  

King Wan

  

< 5%

SingPost

21.3%

  

F & N

  

  

Frasers Com Tr

  

  

Genting Sing

  

  

Starhub

  

  

SGX

  

Cash

  

5.7%

Note : Stocks are arranged in descending order of % holdings

 
Summary
The STI closed at 3427.97, +0.74% from end 2017. Using cost as a reference, my portfolio stats (vs 2017),

  • Size (Stocks Only) : +2.13% (Cost) / -1.23% (Market Value)
  • Portfolio Performance (Includes Cash) vs End-2017 Mkt Value : -2.9% (Unrealised) + 0.82% (Realised) + 0.52% (Div) = -1.54%
  • Further Breakdown of Realised P&L : +0.39% (Stocks Bought before 2018) + 0.45% (Stocks Bought in 2018)

So, -1.54% vs +0.74% (STI), under-performed the STI… Becoming the norm in recent years!

For Q1, I continued to reduce my holdings in FCOT as planned. I’m expecting DPU to be impacted by Alexandra TechnoPark as it’ll take a while to fill the void left by HP + Australia assets, due to a stronger S$. This may be supported by a larger Capital component from their previous gains from the Hotel site. The recent Private Placement @ $1.48 is my benchmark price for now vs NAV previously and will re-evaluate again after the next results. A few trades were done on KIT, selling when it was at the higher 50s and buying back when it drop below the mid-50s, for a net increase in my holdings. Singtel continued to weaken due to impending 4th TELCO competition and Ihave increased my holdings here. As for SingPost, I took profits when prices strengthened and plan to buy back agin if it weakens. I’m expecting a mix of +ve and –ve from the upcoming results. The +ve would be a higher Q4 dividend payout but the –ve may be a weaker Q4 vs the unexpected strong Q3.

For Q218, I plan to free up more cash. Market had become very volatile due to US Trade War agendas. I’ll continue to reduce FCOT till I regain my confidence in their earnings. I’ll likely increase my holdings in KIT if prices stay weak, due to Basslink issues caused y Tasmania govt claims for compensation. Chances of a Basslink sale is unlikely for now, with this issue creating uncertainties. Other trades will be more of an opportunistic nature and not meant to be long term, with focus on Singtel, signpost, SGX,…

Portfolio Changes (vs Q417)

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

Exchange Rates (for Q118)

  • AUD (Australia $) -3.61% : AusNet, A-HTrust, Singtel, FLT – Continued to weaken this Q
  • JPY (Japanese Yen) +4.45% : Turned into strength, a safe haven in times of uncertainty?
  • USD (US $) -1.95% : Continued to weaken
  • EURO +0.69% : Continued strength