June 2022 Updates

June 2022

 

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

S$135,610.18

Purchase

 

1,900 units of CLCT @ $1.13

Sold

None

Dividends

 

Netlink Trust @ $205.60

MLT @ $263.09

 

Total: $468.69

Short-Term Transactions

  

Sold 4 x SE 220624 Calls at $92 strike with $0.43 premium. Expired.  

 

Summary

SGD portfolio:

  

Portfolio value dropped by about $6K month on month mostly due to the banks.

 

Mentioned that I was eyeing Ascendas Reit and CLCT in last month's update.

 

Since the latter tested $1.13 couple of times in recent weeks I decided to add a small bit to my portfolio.

Current holding for CLCT stands at 14,000 units which bring it to the top 5 counters in the portfolio in terms of market value.

Syfe Core Growth portfolio:

 

Portfolio loss has widen from last month's figure.

 

Will probably close this experimental portfolio when the value recovers. It has not been as resilient as I would like it to be.

 

A bear market is a good way to see a portfolio manager's performance. In this case Syfe Core Growth has not met my expectations.

Current TWR at -7.18%.

USD / HKD portfolio: 

 

Made a net profit of US$166.63 (~S$231.77) from selling 4 call options in SEA this month.

 

Nothing added or sold from the portfolio holdings.

May 2022 Updates

May 2022

 

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

S$134,505.84

Purchase

 

None

Sold

None

Dividends

 

DBS @ $216

OCBC @ $297.36

 

Total: $513.36

Short-Term Transactions

  

Sold 4 x SE Call 220520 at $110 strike with $0.79 premium. Expired.

 

Sold 3 x SE Call 220527 at $90 strike with $0.14 premium. Expired.

 

Sold 1 x Futu Call 220527 at $37 strike with $0.73 premium. Closed early at $0.11.

 

2 x Didi Call 220520 at $10 strike with $0.17 premium expired.

 

Summary

SGD portfolio:

  

Portfolio value went down by about $7K in line with the market. 

 

No new transaction for this portfolio.

Syfe Core Growth portfolio:

 

Will probably close this experimental portfolio when the value recovers. It has not been as resilient as I would like it to be.

 

A bear market is a good way to see a portfolio manager's performance. In this case Syfe Core Growth has not met my expectations.

Current TWR at -5.56%.

USD / HKD portfolio: 

 

Did not make any transaction in terms of outright shares. Made use of the volatility and sold some call options to earn some pocket money for the month instead.

 

Overall profit of US$433.82 (~S$596.73) in options this month.

April 2022 Updates

Apr 2022

 

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

S$141,679.18

Purchase

 

None

Sold

4,000 units of MNACT

 

Free shares of AAL, SNDL and WISH

Dividends

 

DBS @ $216

Short-Term Transactions

  

Sold 3 x AMD Put 220429 at $85 strike with $0.82 premium. 

 

Closed early at $0.96 for 1 contract.

 

Closed early at $0.65 for 2 contracts.

 

Summary

SGD portfolio:

  

Sold 4,000 units of MNACT at $1.23. Total profit margin including dividends at about 30.6%.

Portfolio value decreased by about $6K after the sale.

 

Looking to add others when suitable opportunities arise. Was eyeing Ascendas Reit and CLCT.

Syfe Core Growth portfolio:

 

Will probably close this experimental portfolio when the value recovers. It has not been as resilient as I would like it to be.

 

A bear market is a good way to see a portfolio manager's performance. In this case Syfe Core Growth has not met my expectations.

Current TWR at -2.34%.

USD / HKD portfolio: 

 

Made use of the $0 commission from moomoo to sell the following shares won from various contests in moomoo previously:

 

Sold 1 x free share of AAL at $20.14. 

Sold 1 x free share of SNDL at $0.503.

Sold 2 x free shares of WISH at $1.81. 

 

Made a small profit of approximately US$20 in options this month.

 

What a volatile month it has been in the US market. My above options ranged wildly from ~$500 loss to $120 profit sometimes within the same night.

Since the market recovered slightly last night, I decided to close off early and took a small profit as the options have tested the strike price and in fact went ITM several times in the past few days already.

 

Afterall a bird in hand is better than two in the bushes. Capital preservation is more important.

On the other hand I am looking to add several other counters which have reached pretty attractive price levels.

House Keeping Completed

Sold off my MNACT yesterday at $1.23. Including dividends, a yield of ~30.6% is netted. Not too bad for a three and half years holding.

This, together with ESR Reit and Suntec Reit which were sold earlier, completed what I set out to do. The latter's recent run up is 'Ouch' though.

 
Main reason for the selling is their high gearing and the wish to reinvest into higher quality dividend counters.

Moving forward the actions will likely to be buy only unless fundamentals deteriorate for individual counters. 

Mar 2022 Update

Mar 2022

 

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

S$147,984.56

Purchase

 

None

Sold

None

Dividends

 

Ascendas Reit @ $805.38

CLCT @ $217.80

MLT @ $83.98

CICT @ $19.97

Total: $1,127.13

Short-Term Transactions

  

Closed early at $0.02 for 1 x SE Call 220304 at $180 strike with $1.28 premium.

 

Closed early at $0.07 for 1 x SE Call 220325 at $180 strike with $1.28 premium.

 

Sold 3 x AMD Put 220325 at $97 strike. Expired. 

 

Summary

SGD portfolio:

  

Portfolio value boosted by the buoyant local market despite no additions.

Syfe Core Growth portfolio:

 

Still seeing slight negative returns for this month although the gap has narrowed.

USD / HKD portfolio: 

 

No trades in equities for this month. 

 

Made a small profit of US$254.15 (~S$344.09) in my overall option positions in March.

 

Moving forward I will remain cautious and will remain on the side line if I don't see a clear trend ahead.

Also, the treasury yield curve has started to invert recently and this almost always precede a recession so all the more reason to be nimble.

MCT - MNACT Proposed Merger New Option - Full Cash

I have previously written about the proposed merger between Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) here.

In that post I also included some calculations to gauge which was the best option for me based on the original two options offered by MCT namely

 

Option 1: Cash + Scrip

 

Option 2: 100% Scrip

 

At that point of writing, option 1 was the best for me as it offered the highest cash value then.

 

Today, a third option has been given to MNACT unitholders which is

Option 3: 100% Cash

More details can be found here.

With option 3, MNACT unitholders can receive $1.1949 for each MNACT unit he or she possesses.

This is clearly the best option for me right now. Based on my holdings of 4,000 units of MNACT and the current MCT share price of $1.88, the return in terms of cash value for the three options are as follows.

Option 1: $4,531.57

Option 2: $4,484.18

Option 3: $4,779.60

Option 3 would give me a return of around 27.5% including dividends collected over the years. Not too bad I would say.

For now my plan is to monitor the share price of MNACT closely for the next couple of months. If the open market price goes above $1.1949 I would likely offload my MNACT units in the open market.

At current point of writing, MNACT is trading at $1.18 and testing $1.19.

MCT is trading at $1.88 after opening at $1.95.