Summary of January 2024

 

Blink of an eye and last day of January is here. 11 more months to end of the year. Lol..

 

Home. Kids have been falling sick one after another. Can't help but feel worried. On the other hand, got to find time to start on the spring cleaning. 10 more days to Lunar New Year.

 

Accidentally broke the handle of my metal gate recently. Damn. Didn't know a wrought iron gate handle can break so easily. Nevertheless I always believe things happen for a reason.

 

Taking this chance to change to digital lock for both gate and main door. Installation on next Wednesday.

 

Work-wise, have completed some of the projects on hand and the remaining in various stages of completion. New ones are coming in. I look forward to another great year after last year's record-breaking results.

 

For my sideline, most clients have came back from their holiday and income for this month is higher than projected. I look forward to another record-breaking year for this stream too.

 

School-wise, have finally submitted my dissertation today. That's a huge load off my shoulders. 18,000+ words, 82 pages. Don't think I have ever written such a long paper before. One of the best thing I came to realise from this Masters programme is that it re-ignited the joy of learning in me. I am even contemplating the possibility of a PhD if there is a topic that interests me enough to undergo the rigours in my 40s.

 

Investments-wise, made my first purchase of the year in Mapletree Logistics Trust at $1.53. MLT has released a good set of results recently of which I have written a review here.

 

Excluding RHT Health Trust which is going to be delisted anyway, I have 9 counters in my SGD portfolio. I am comfortable though no rush, to hold a portfolio of up to 12 counters.

 

Keppel Infrastructure Trust, Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are the counters being considered though each has its own areas of concern in my opinion.

 

Have also went through the latest results of CapitaLand China Trust and the above three counters. No time to write my thoughts on these yet. See if I can do it in the coming week.

 

Moving forward will continue my strategy of adding monthly using funds from my sideline and incoming dividends. Focus will be on:

 

1) Selected REITs whenever price weakness is present

 

2) Local banks which might present opportunities to add in 2H / 3Q this year when rate cuts happen, or even earlier since market is forward-looking. Stay nimble and monitor. If prices are attractive enough, would not mind deploying extra cash.

 

3) Non-REIT income counters as diversification

 

Till next time. Cheers.

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.

May and June 2018 Updates

Dividends Received

CapitaLand: $480.00
OCBC: $4.25
Mapletree Logistics Trust: $141.40
Netlink Trust: $129.60
RHT Health Trust: $114.00
Suntec Reit: $97.32
Viva Industrial Trust: $91.90

Total: $1,058.47

Counters Purchased

CapitaLand: 5 lots

Counters Sold

Nil

March and April 2018 Updates

Dividends received for these two months:

1) RHT Health Trust $122.00
2) M1: $744.00

Portfolio value as of now: 

$113,149.50

Extraordinary expenditure: 

Fine for waiting at unloading bay: $110.00

Thoughts: 

Will continue to work hard to build up my income portfolio though warchest has definitely been affected due to lesser income available as I started my own company last year.

What I'm drawing now is about half of what I was getting when I was a partner at the previous firm. I intend to keep it that way until business has stabilised.

Jiayou, gambatte JASS. You can do it!

Goodbye 2017 Hello 2018

Happy New Year everyone. Hope you had a good 2017 and may you stay healthy and happy in the new year ahead.

Actually I have written this post halfway through to take stock on the different aspects of my life in 2017 and to start 2018 with some goals. 

However I was simply too busy to finish it before end 2017. Nevertheless it's meaningful to post this on the first day of the new year I guess.

Here it goes..

Work

On the work front, there is major change in 2017. I have left my previous company in which I am also a minor shareholder, to strike it out on my own.

Business has been not bad so far. Customers have been supportive and I am thankful for that.

My focus remains on growing the business and working on adding a new capability to the company by this year.

Other Incomes

Previously I set a target of doubling my side and passive incomes of S$2,712.86 by 2017.

Result for 2017: S$6,527.40 (Target met)

Moving forward I have to set a more modest target for this year due to a number of reasons. There is no point setting an exorbitant target and failing to achieve by year end. Also it's not my style to set an easy target to bluff myself when I achieved it later.

Hence the target for this year will be 20% growth in this category.

Equities and REITs

My holdings as of 29/12/2017:

Most of the counters in my current portfolio belongs to my long-term income holdings with the exception of CapitaLand, ISOTeam and RHT Health Trust.

CapitaLand is meant to be a trading stock. However it might turn into part of my long-term holdings if the dividend continues to grow which is the case for the past four years. Based on my purchased price, the yield is 3.36%. Below my target of min. 4% but still not bad actually.

Currently sitting on 17.9% paper profit.

ISOTeam is a loss-making counter for me so far. However I will continue to hold as I believe in it's growth potential and strength of the management team.

Unless something fundamental changed drastically, I intend to hold it till at least the next AGM. I'm pretty confident this year's results will be glowing for ISOTeam.

The share price has hit $0.42 some time last year. I don't see why it cannot happen again in the near future.

And the bit of dividend helps to cushion the paper loss so far.

RHT Health Trust is a pure punt on the Fortis buyout. Results of the deal (or no deal) should be finalised by this month if I remember correctly.

If the deal pans out this should leads to a small capital gain for me. If not I'll have to see what's the future plans from the management and of course the future dividend trend for the trust.

In summary,

1) Yield on Total Amount Invested 2017: 1.48% (Drag down by couple of trading losses)

2) Yield of Income Portfolio 2017: 3.62% (No dividend from Netlink Trust and Viva Industrial Trust yet)

3) Cumulative Yield of Income Portfolio: 5.42% (No dividend from Netlink Trust and Viva Industrial Trust yet)

2017 was also the year where wifey started her passive income portfolio. Her holdings as of 29/12/2017:

Personal

Last but not least, I also wish to share a piece of good news. I'm going to be a dad soon. Yeah!
 
My wife and I are expecting our first child this year and coincidentally he or she shares the same zodiac sign as me! 😄

Recent Actions - Nov and Dec 2017

Short update for the months of November and December to conclude the year.

1) Bought 5,000 shares of Viva Industrial Trust @ $0.955 for my income portfolio. Did the same for wifey's as well.

2) Bought 3,000 shares of SingTel @ $3.64 for wifey as part of her income portfolio after recent XD.

3) Bought 10,000 shares of RHT Health Trust as a punt on the acquisition by Fortis.

4) Received dividend of S$325 from ISOTeam.

5) Received dividend of S$99.32 from Suntec Reit.

6) Sold 3,000 shares of Wilmar after signs of price weakness and failure to break through resistance. Could have earned more but decided to lock in profits first.