Friday, 31 May 2019

May 2019 Portfolio Update

May 2019

Portfolio Value after market close: S$93,485.52

Wifey's Portfolio Value after market close: S$44,737.55

Purchases: Japfa x 10,000 shares

Sold: None

Dividends:

CapitaLand: $480
Japfa: $150
MNACT: $78.24
Suntec: $129.20*

Comment:

Japfa

Saw the price weakness and added 10 lots to the existing 10 lots in holding. 

As the often quoted saying goes: when people are fearful you must be greedy..

Hopefully it turns out right for me.

I like their vertically integrated business model though a combination of the swine flu and poor 1Q results affected the share price by quite a bit.

Japfa share price is still consolidating between 0.545 - 0.57. I reckon 2nd half of this year might see better results from them due to higher poultry demands in Ramadan month.

Meanwhile I will continue buying their Greenfields brand for my milk supply which is really one of the cheapest in the supermarkets : )

ESR and MLT

Opted for DRP for both. Will include in next month's update.

*Updated with Suntec's dividend. Forgot to input in the original post. 

Wednesday, 15 May 2019

Net Worth (A Quick Estimate)

Recently have seen some bloggers writing about their net worth. With some free time tonight I thought it would be interesting to do a quick estimate of my current net worth for curiosity sake too.

This is a back-of-the-envelope calculation so figures are not 100% accurate.

All figures are based on point of writing (14 May 2019 11.50 pm).

Insurance Cash Value: $105k
Investments: $93k
CPF: $157k
Cash 1: $43k
Cash 2: $140k
Property Value (50%): $250k
Watch: $8k
Housing Loan (50%): ($35k)
Car Loan: ($54k)

Net Worth: $707k

I have excluded the car related values such as PARF and COE rebate.

I bought my watch at $8k+ about 8 years back. Current price for the same watch is around $11k. I have used the purchased price for my net worth calculations.

I guess I am not doing too badly but not great too.

Good news is that I can pay off my housing and car loans anytime.

Not so good news is that I am still a far cry from my retirement plan.

Work hard JASS. Work hard.

Tuesday, 30 April 2019

April 2019 Portfolio Update

April 2019

Portfolio Value after market close: S$90,017.44

Wifey's Portfolio Value after market close: S$45,681.02
 
Purchases: None

Sold: 5,000 shares of CapitaLand

Comment:

CapitaLand

Balanced 4,000 shares of CapitaLand at $2.98. Will continue to keep for its ~4% dividend while waiting for its breakthrough.

Cash has been growing with my recent sale of M1 and CapitaLand. Intend to put it back into the market but most of the reits and income stocks in my watch list are overpriced at the moment.

Not going to buy for the sake of buying. Will continue to monitor the market for entry opportunities. Meanwhile the cash will stay in my OCBC 360 account for the 2% interest.

RHT Health Trust

RHT Health Trust is making some interesting movements in the past couple of months with the name change and appointment of a new chairman and directors, some of whom came with healthcare management background.

I don't think these are done for fun. I'm looking forward to the possible good news ahead. Hopefully the new CEO will inject some attractive new assets for the shareholders.

Will continue to hold onto my shares.

Japfa

Japfa still seems to be affected by the swine flu news though fundamentally nothing has changed. Will be monitoring the share price with a view to add more.

Sunday, 7 April 2019

Paying $18 For A $54 Meal

So wifey, baby M and myself had a meal at the Gudetama restaurant in Suntec today. 

Prior to that I checked out eatigo (as usual, haha) and saw that there is a 30% discount for the timing we wanted. So I 'fast hand fast leg' made a reservation and off we went.

We ordered a pizza and steak for sharing. Though the portion is filling, I must say prices are not cheap in Gudetama.

Total bill for the 2 dishes came up to $54+. 

After the 30% discount and using the $20 eatigo voucher which I have redeemed previously from my eatigo points, the final bill is $18+.

Nice way for some savings on dining.

I have previously blogged about my experience with eatigo and I think some readers have also used my referral link to sign up for their account.

Whoever you are, thanks for that. Hope you enjoy the voucher / points earned from using the referral. 

Anyway here's my verdict on Gudetama.

Food: 6/10
Ambience: 6.5/10
Service: 7.5/10
Price: 5/10

In a nutshell, I probably won't go back again on my own. For that kind of prices I can have much nicer food at much nicer restaurants. 

Saturday, 30 March 2019

Mar 2019 Portfolio Update

March 2019

Portfolio Value after market close: S$106,881.07
Wifey's Portfolio Value after market close: S$44,333.53

Comment:

1) Realised a 4.94% gain on M1 after accepting Konnectivity's offer. Not bad for a 3 years holding considering the prior circumstances.

2) Contemplating whether to take profit on my reits especially for CCT which is at 40+% gain now.

Saturday, 23 March 2019

SSB vs SIA Retail Bond

The pros and cons of the SIA retail bond have been written extensively by many bloggers so I will not be doing that with this post.

Instead I would like to just pen my short thoughts on it.

However before that, following are the yields of the Singapore Savings Bond (SSB) since beginning of last year. Interestingly I was browsing them before I decided to write this post.


Yields of the SSB have been falling since last December. And with the Federal Reserve not expecting further rate hikes this year, I suspect the SSB yield will remain flat for the next few months at least. 

Having said that, if we take the annualised yield of 2.16% based on next month's SSB and compare it against the 3.03% offered by the SIA retail bond, the difference is a 'mere' 0.87%.

I would choose the 'risk-free' SSB over the SIA retail bond anytime.

Firstly it is easier to redeem - pressing of atm and forking out $2.

Secondly it's flexible. 

Thirdly it makes no sense for me to take on more risk for the 0.87% premium.

Thursday, 21 March 2019

Stock Screening Results - Mar 2019

With the recent cash from the sale of my M1 shares, I have to look for other dividend-paying stocks as replacement(s) to at least maintain and hopefully increase my portfolio yield.

So I turned to my best friend for help. Stock screeners.

Usually I used the StockFacts screener from SGX. However for this time I also tried Yahoo Finance screener for curiosity sake.

The criteria I set for the screen are as follows:

P/E Ratio: < 20

One of the most fundamental of valuation screeners. It is more meaningful if the PER is compared among companies in the same industry.

However in this case I usually set it to 20 as a rudimentary guard against overpaying.

Net Profit Margin: At least 10%

10% is the minimum margin in my opinion, for a company's sustainability.

Debt to Equity Ratio: < 50%

Obviously gearing is one of the most important metrics in terms of risk management. 50% is the most I can accept unless there are very good reasons for the high gearing.

Price to Book Value: < 1

I do not like to overpay for a stock. However having said that I have done it on a number of occasions usually due to a combination of other factors which paint an overall rosy picture of the stock. 

Dividend Yield: At least 5%

Ideally 5% is the minimum for my dividend stocks which is not too high honestly.


As you can see, the criteria I used are geared towards screening of income stocks suitable for my income portfolio. Not so much on growth or other value stocks.

Interestingly the result from Yahoo Finance screener is almost identical to that of SGX StockFacts screener except that the former includes one more counter in the screening result - Metro Holdings Ltd.

Here are the results.

                                                                         

Another interesting observation is that my previous screenings say 1 - 2 years back, almost always yield a 2 page long results.

However this time only 9 counters appear from the StockFacts screening.

Is the market worse or better than before? Or are most stocks overpriced now?

I think apart from the surface results from the screening, we can also delve deeper and we will be able to get a feel on the current market conditions.

Back to the screening results, I will do more due diligence into 1) Frasers Commercial Trust and 2) Sasseur REIT.