Monday, 30 September 2019

September 2019 Update

Sept 2019

Portfolio Value after market close: S$100,099.77

Wifey's Portfolio Value after market close: S$46,091.39

Purchase: Japfa, 10,000 shares @ $0.45

Sold: None

Dividends: Mapletree Logistics Trust $152.21

Bought another batch of Japfa as it hit oversold territory and after the company bought back shares at $0.455.


Total holdings for Japfa stands at 30,000 shares.

Received another round of dividends from MLT for this month.

Also applied for 10,000 units of Lendlease IPO. Let's see what's the allocation.

Friday, 30 August 2019

August 2019 Update

Aug 2019

Portfolio Value after market close: S$95,554.49

Wifey's Portfolio Value after market close: S$45,896.71

Purchases: None

Sold: None

Dividends:

SingTel: $535
Suntec Reit: $62.60
CCT: $200.80
MNACT: $78
*ESR Reit: $4.82

Another dividend season is here. Only difference is that I have been so busy recently that I have not even thought about it. Only realised it when I saw the various dividends in my bank account last night.

With the above divvys in, total amount received YTD has broken the $10k mark. A small milestone for me but unlikely to repeat next year.

These few days have been looking more closely at 2 of the local banks.

Wanted to nibble DBS when it dipped below $24 but ultimately didn't pull the trigger as I decided it didn't fit in to my strategy.

The price was good for a short term trade but valuation is still too high for a buy and hold long term person like me. Will make a move at around $22.20 unless emotions get the better of me.

Another one was OCBC. Price has been settling within my TP range at about 1 x BV. But I decided to wait till 1st September to see the effect of the new tariffs have on the market.

Last but not least, Japfa has hit my TP too and seems to be consolidating there. Again will see the price movement next week before entering another batch.

* Added ESR Reit dividend.

Wednesday, 31 July 2019

July 2019 Update

July 2019

Portfolio Value after market close: S$98,360.94

Wifey's Portfolio Value after market close: S$47,399.02

Purchases: None

Sold: None

Dividends:

ESR Reit: $77.09

Portfolio value dropped this month compared to last month.

REITs continue to be overpriced at this moment. Might add abit more of Mapletree Logistics Trust (MLT) based on today's closing price.

Looking at a couple of non-reit counters but price is still north of TP.

Meanwhile continue to place my cash in bank to earn the 2% interest. Better than nothing.

Baby M is getting cuter and cuter by the day. Just last week, she actually carried up the walker that she was seated in to cross over the kerb to the kitchen.

At only 13 months young, that showed she has analytical skills at this age already.

On the work front, things are getting busier but not necessarily in a good way. Customer is placing new requirements every other day so much so that I have to put a stop to it.

I look forward to the day that this project is completed. 

Friday, 28 June 2019

June 2019 Update

June 2019

Portfolio Value after market close: S$100,533.67

Wifey's Portfolio Value after market close: S$48, 506.66

Purchases: None

Sold: None

Dividends:

ESR Reit: Scrip
MLT: Scrip
OCBC: $5.29

Our portfolios reached a new high despite taking profit on some counters previously. This is due to the run up of the Reits in our portfolio.

It has been awhile since my portfolio value touched $100k.

Still on the lookout for suitable counters to add. But for now most seem overpriced.

Overall was a busy and stressful month for me in terms of work. I can foresee it will be equally if not more hectic at least for the next two months.

This year also marked the first year that my company has to pay corporate tax.

It came as a little surprise as I thought new startups enjoy a 3 years tax exemption. However upon checking I realised the regulation has changed.

It is bittersweet for me. Looking on the bright side having to pay tax means at least my business is making money.

I also overspent by quite a bit this month as baby M turned one!

Had a simple dinner celebration with family members in a restaurant that costs a grand+ and ordered a baby-friendly cake that costs $130.

Also celebrated our wedding anniversary at a mexican restaurant with just wifey and I.

Though overspent, I considered these well-spent. Memories made are priceless. 

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.