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Buy @ $1.685
Noticed programmed selling at this price, always maintaining the same sell Qty even when the whole sell Q was snapped up by buyers… till 1min before 5pm.
I'd like to keep for longer term as EPS for this year is rather good and there may be a good chance of better Div or Bonus. But, no problem to trade short term as market continues to be very volatile… 😀
Sell @ $1.70, $1.705, $1.71
Only partially done for the $1.71 ones during 5pm matching. I'm now left with one last batch in my portfolio. On a day when STI -42.31 @ 3328.28, the motivation to sell ARA is high as it's +3ct @ $1.71, especially since there'd been no new SGX Annc… unless insiders have taken a peek at their FY (Dec) results….. 😀
Portfolio Breakdown
My portfolio (at cost) of S'pore stocks for Q414 close,
|
% Holding |
Stocks |
Total |
|
> 5% |
UMS |
82.7% |
|
Frasers Com Tr |
||
|
King Wan |
||
|
Genting Sing |
||
|
Sembcorp Marine |
||
|
KingsmenCreative |
||
|
< 5% |
ARA Asset Mgt |
8.4% |
|
F & N |
||
|
StarhillGbl Reit |
||
|
Cash |
|
8.9% |
Note : Stocks are arranged in descending order of % holdings
Summary
The STI closed at 3365.15, +6.24% from end 2013. Using cost as a reference, my portfolio stats (vs 2013),
So, +1.62% vs +6.24% (STI), much worse than STI! Amongst my Top 5 holdings, UMS, Genting & SembMarine are seeing unrealised -14.6% to -18.3% losses and these are driving my under-performance…. In spite of this, I enjoyed a record-breaking year of Dividends (gives me hope that I can survive on dividends alone from now) & Transactions Turnover (unlikely to be able to beat this record for a long time) with Realised Profits being my 3rd Best year (that means Unrealised Losses must be HUGE!).
For Q414, I divested all my Saizen & Forterra and took losses. For Saizen, with the continued weakening in JPY, I decided to play safe. As for Forterra, I was not too optimistic that they'd be able to resume DPU in 2015. However, very shortly after I sold, Nan Fung announced an offer @ $1.85 on 4-Nov, which was subsequently raised to $2.25 on 24-Nov…. I have also pared down my FCOT holdings to take some profits and to raise free cash.
In Nov and the beginning of Dec, there were mkt fears due to the huge drop in Oil Prices (-40%), which also resulted in currency weakness in some oil producing countries. However, a strong rally towards the end of the year raised STI to close at +6.24% for the year.
2015 looks set to be a challenging year for a start. Lower oil prices ought to be good for most economies….. right? Weaker oil producing countries eg. Malaysia, Russia and possibly Myanmar are facing uncertainties as their currencies became weaker. The FED is set to raise interest rate after Q115 but Japan & Europe will likely be going the other way. China will continue to affect the ups and downs as they continue to face challenges….
Yes, it's definitely going to be "interesting"… High STI (means fewer stocks are undervalued), Low Singapore Growth (means localised biz faces low growth) + Strong S$ (means regionalised biz faces possibility of –ve growth in S$ terms), Interest Rate Hikes (affects highly geared biz eg REITs)… So, I'll likely continue with my short term strategies, based on quick decisions as and when news / financials are released….
Portfolio Changes (vs Q314)
Exchange Rates
Buy @ $1.675, $1.67, $1.655
The moment I bought at $1.675, someone started to sell down… all the way to $1.65! Straits Trading had become the biggest shareholder (20.2%) from sale by Cheung Kong (7.84%) & John Lim (19.25%), as part of their agreement to let ARA manage their Investment Property assets (except Hospitality assets) plus a new fund. This ought to see ARA continue wirh their growth in Revenue and EPS…. 😀
Reference : Press Release dated 28-Oct-13