May 2021 Updates

May 2021

 

Local Portfolio Value after market close (excluding USD and HKD)

S$143,524.80

Purchase

MSFT @ US$245.90

AAPL @ US$126.70

BABA @ HK$220

Sold

None

Dividends

 

DBS @ $108

Suntec Reit @ $81.80

 

Total: $189.80

Short-Term Transactions

1 x expired PINS Put 210521 58 with $1.07 premium

 

Closed early for 1 x PLTR Put 210521

 

2 x expired PLTR Put 210514 17 with $0.55 premium

 

Sold 1 x JD Put 210625 69 with $1.14 premium

Summary

03 May 2021 STI Open: 3,184.76

31 May 2021 STI Close: 3,164.28

 

As a guidance for my investment plans, I mentioned in my last update that I would place closer attention to this month for the market's reaction to the rising cases of local Covid-19 infections.

 

STI closed below its monthly opening for the first time after four consecutive months of rise since the start of this year.

 

Beginning of a drop? I think it's still early to say but it's good to have some spare funds ready to capture any opportunities that might arise.

 

For my SGD portfolio, value dropped by around $3.5k with no transactions done. 

Also received some dividends from DBS and Suntec Reit this month with more to come in the next. 

Spare cash is still not fully utilised yet. Awaiting for opportunities, including rights issue which we might see a few in the coming months. 

There are a few bright spots among the counters in my SGD portfolio. 

1) I am really glad to see MNACT's continual foray into the Japanese market with their latest acquisition of a freehold office building in Tokyo which is expected to be DPU-accretive. 

This will continue to reduce their concentration risk with Festival Walk. 

Post-acquisition, the Japanese assets will comprise about 27% of the trust's net property income. 

However apart from the rosy side of things, I will pay more attention to the gearing level of the trust since this acquisition will be partly funded by debt. 

Overall I must say I am pleased with MNACT's direction so far. 

2) For the long timer in my portfolio, SingTel, it has quite a number of happenings in recent times. 

Firstly, the new CEO announced the new strategic direction to drive the company forward. 

Secondly, there is a voluntary tender offer for its Thai subsidiary, AIS.

It is nice to see offers like this to unlock value be it for the subsidiaries or fixed assets.

Competition in the telco market is getting stiff. ARPU are getting lower.

To regain the former glory and to achieve greater heights, the way I see for SingTel to move forward is to transform itself into a technology company.

Of course the telco business is still an essential and defensive one that SingTel should continue with. There are so many things that can be done using 5G technology for the IOTs. However tech-based business should be the main driver for the company moving forward.

By the way SingTel is the first to launch a standalone 5G network in Singapore recently.

It's great that SingTel has gotten the digital banking license. Enormous potential there as a revenue driver and a tech-based one at that. However the new business takes time to gain traction and that is one of the reasons why I am holding on to my SingTel shares.

I can write a whole thesis on this but that will be on another day.

The new strategic direction focusing on three main tenets actually partly resonate with my views above for SingTel's transformation.

The first tenet to realign its core business towards capturing 5G market share and the second which is to develop new growth engines in ICT and digital services are good drivers in my opinion.

However I would very much like to see SingTel becoming another SEA or Grab. These are companies truely leveraging on technology to provide services to the mass market.

Just look at Grab. It is no longer a car-sharing platform. Rather, it has gone on to build an entire ecosystem of its own including payment service, loan, insurance, food and document deliveries.

The third tenet to unlock the value of its infrastructure assets is timely and logical for funding of the digital banking venture.

I suspect SingTel will reward shareholders in the form of special dividends too. Fingers crossed.

For my Syfe Core Growth portfolio, I am seeing a small positive return so far. Would be more meaningful to see the returns and review the portfolio when it turns one.

 

Have DCAed into this portfolio yesterday and plans to continue this strategy every month end.

For my USD portfolio, I have not done any intraday trading this month.

 

One of my counters briefly hit 'freehold' status before dropping slightly. As of now I am sitting on 81% gain but that is all on paper.

 

Collected S$372.70 of option premiums this month with the expiry of 3 Puts and early closure of one in Palantir and Pinterest.

 

Other than these, I have sold another Put this month for JD.com, expiring 25/6/2021 with a strike price of $69 and premium of $1.14.

 

Lately it seems harder to find decent premium in the options space but that is probably due to my style of only trading in companies that I don't mind holding.

Moving forward I will continue to use options as part of my investment / trading tools to augment my investable income. 

No, have not touched cryptos yet.

 

That's it, a longer update than usual. Got all excited whenever I write about SingTel.

New Money Box for the Kids!

One thing I like about moomoo is the ease of earning points for redemption of their cute products.

 

It only took me slightly over a month since my account opening to accumulate the required number of points for this cute peripheral product.

 

  

Trade-wise, I only bought some shares of AAPL, MSFT and 9988 BABA to date. I also wrote 3 puts on PLTR and PINS.

Apart from these, points were also earned by daily signing-in, sharing of quotes, reading of news, paper trading, posting of comments and some other stuffs.

It's that easy to accumulate the points!

Now I'm waiting for this money box to be delivered so I can give my kids a cute surprise.

April 2021 Updates

Apr 2021

 

Portfolio Value after market close

S$147,010.00

Purchase

None

Sold

None

Dividends

 

None

Short-Term Transactions

GME PUT (closed), PLTR PUT (sold)

Summary

01 Apr 2021 STI Open: 3,181.68

30 Apr 2021 STI Close: 3,218.27

 

STI continues to close above its monthly opening for the fourth consecutive month since the start of this year.

 

 

This month's is probably due to the good results from DBS which in turn lifted the share price of the other two local banks as well.

 

I would place closer attention to next month on the market's reaction to the rising cases of local Covid-19 infections.

 

For my SGD portfolio, value increased by 2.25% though I did nothing to it this month. 

This is also largely driven by the rise in share price of the bank counters and partly offset by the fall in Reits.

Current spare cash level is about $10K, which I hope there are opportunities for me to plough into this SGD portfolio in the coming month. 

For my Syfe Core Growth portfolio, I am seeing a small positive return so far though it would be more meaningful to see the returns in the long run.

 

Have DCAed into this portfolio yesterday and plans to continue this strategy every month end.

For my USD portfolio, I have not done any intraday trading this month.

 

However I have closed the GME PUT that I wrote previously as an experimental first try. 

It is a good experiment with a small gross profit of 5.6% for a holding of about one month. I think what's important is the knowledge gained in this practical trading.

 

Apart from this, I have sold another PUT this month for PLTR, expiring 21/5/2021 with a strike price of $21 and premium of $1.01.

 

I think at this price point there is a sweet balance between risk and reward.

 

I have touched abit on this previously.

Moving forward I will continue to use options as part of my investment / trading tools to augment my investable income. 

And no, I have not touched cryptos yet though that was one of my investment aims set earlier this year.

It's tempting to read the enormous gains posted by others in online forums but I prefer to do more due diligence before going into that.

Will definitely update if I forayed into this area next time.

Update to My moomoo's Experience

So previously I have opened a trading account with Futu SG to trade on the moomoo platform.

I was enticed partly by the free AAPL share and partly by the 90 days commission-free trading.

Last evening, I made use of the platform's in-built currency exchange to convert my SGD deposit to USD for one of my options tradings.

Although the 90 days commission-free trading doesn't include options trading, I was nonetheless impressed by the speed of the currency exchange.

All in all, it took about 1 min for the exchange to be completed. And the exchange rate I feel, is not too bad as well.

At the point of exchange, the spot rate was about SGD 3,000 to USD 2,258.

The rate executed in moomoo App for my exchange was SGD 3,000 to USD 2,250.73.

As a real life advantage of this fast exchange, I managed to sell the Put at the premium that I was considering. Because shortly after that, the premium for the same Put fell by about 6% and a further 3% at closing.

If you are interested, the Put I wrote is this:

Jan 2021 Update

Jan 2021

Portfolio Value after market close

S$151,639.60

Purchase

None

Sold

None

Dividends

 

Singtel @ $408

Short-Term Transactions

BB, GME, PLTR, SOL, NOK, AMC, NAKD

Summary

04 Jan 2021 STI Open: 2,858.90

29 Jan 2021 STI Close: 2,902.52

 

STI closed above its opening this month but I don't feel particularly bullish about our local market. 

 

Nevertheless a pullback is always welcomed for opportunities to add. 

I also entered the US market this month which 'partially' fulfilled one of my aims mentioned earlier this year.

Why 'partially'? 

Because this is driven in a large part by the Wallstreetbets (WSB) euphoria. 

I have to admit I am gambling more than investing. No due diligence was made when I placed the trades. I was merely riding on the momentum created by the WSB crowd and betting on the anticipated short squeeze.

This is the reason why I am only betting a small percentage of my portfolio and the wonderful millions of profits shown on Reddit is unlikely to occur in my case.

In a way I find myself enjoying the process more than the profits. 

Enjoy while it last.

And by the way, to the trading houses that stop retailers from trading GME and AMC last night, hope you get your retribution soon.