SRS - Closing status 28 June

In this week for my SRS portfolio, l have increased my holding in AIMS AMP Industrial Reit 1 lot.  But in the same week l have decided to sell all 4 lots away for a nett gain of $119. Assuming that the next dividend rate is same as last year at $0.025 and also having same XD as last year on 30 July so l will get 4 lots x dividend rate $0.025 = $100 dividend amount.  The nett gain of $119 is better than the expected dividend amount and l have already collected it in advance, now. 

Divested UMS 5 lots at a nett gain of $68 within one week of investment period.  I could not resist for doing so because the nett gain $68 is better than expected dividend amount of $50 (5 lots x dividend rate $0.01).  And also l can collect it ahead of its XD date 9 July and payment date 26 July.  Anyway, l have re-invested into UMS 21 lots in this week.  Its recent business outlook seems okay so l do not mind getting stuck investing in it when its share price starting to drift lower, possibly.

Divested K1 Ventures 10 lots within one week of investment in it for a nett gain of $24 or 1.4% yield , which is far much better than bank deposit rate within such a short investment period.  Looking forward to re-invest into K1 Ventures at lower share price levels.

Divested SingPost 6 lots at a nett gain of $118 within three weeks of investment period.  The nett gain $118 is around 78% of the dividend amount of $150 (6 lots x dividend rate $0.025 x 78%).  Even though the nett gain amount is lower but its a 1.5% yield which is better than bank deposit rate within a rather short investment period.  And also l have collected its dividend in advance as it will XD on 2 July and payment date 15 July.  Will re-invest into SingPost at lower share price levels.

CDL Hospitality Trusts share price dropped further in this week so l have increased my holding in it from 1 lot to 2 lots now.  If l am ever stuck with my investment in it l will have no regrets as l will consider it a good problem to have due to its reasonably good dividend yield of around 6.3% based on my investment costs in it.  

Added Frasers Centrepoint Trust 1 lot in this week so my total holding in it now at 2 lots. If l am stuck with this investment then l can still expect an annual dividend yield 5.3% which is much better than bank deposit rate.

Portfolio walk since previous posting :-

+$6,599 Total Returns as of 21 June

+$329 Gain on sales of UMS, AIMS AMP Reit, SingPost and K1 Ventures

+$16 Unrealised positions improved

+$6,944 Total Returns as of 28 June

previous posting :- SRS - Closing status 21 June

Cash - Closing Status 28 June

For my Cash portfolio this week l have added CM Pacific 2 lots bringing my total holding in it at 3 lots now.  No new development so far at CM Pacific so l can expect its share price will be in the range of $0.87 - $0.91 till its next financial results in early August month.  Its next interim dividend will usually be announced during half time financial results announcement.  Will consider to accumulate more of CM Pacific if its share price weakens further.

Invested into Ascendas India Trust 1 lot in order to average down.  With this, my total holding in it now at 2 lots.  Will re-invest more of it only when its share price weakens by say, another 10% (which is quite unlikely though).  Office rental in India is likely to stay lacklustre unless the INR currency (and India economy) recover from current weak status.

Continue to increase my holding in Kingsmen Creatives 1 lot so, now l have total of 3 lots.  Will add more of it if its share price weakens again, at lower price levels.

Duty Free reported its qtr 1 results in this week.  Revenue +1% driven by pricing imprpovement and sales mix.  Profit +MYR 113mil mainly from its discontinued operation.  Dividends $0.025 (interim dividend $0.01 + special interim dividend $0.015) was declared which will XD on 10 July.  In this week l have increased my holding in Duty Free 1 lot so my total holding in it now at 7 lots.

Divested UMS 4 lots which l have invested two weeks ago at nett gain of $40.  UMS will XD 9 July and dividend rate is at $0.01.  I have collected its dividend in advance with its divestment in this week 4 lots x dividend rate $0.01 = $40 as dividend payment is scheduled as 26 July.  In the same week, l have re-invested into UMS 3 lots.

Portfolio walk since previous posting :-

+$673 Total Returns as of 21 June

+$40 Gain on sales of UMS

+$656 Unrealised positions improved

+$1,368 Total Returns as of 28 June

Previous posting :-Cash - Closing Status 21 June

Cash - Closing Status 21 June

Added Tai Sin Electric 1 lot in this week under Cash portfolio so my total holding now at 3 lots. Hope to get more of it if its share price weaken slightly in the near future. 

Also added Kingsmen Creatives 1 lot so my total holding in it now at 2 lots.  If l am stuck with my investment in Kingsmen then it will still be okay as l will be collecting an annual dividend 4.5% (based on my investment costs in it) which is still greater than bank deposit rate.  I will collect more of it if its share price weakens further in the near future. 

Even though l have said not to increase my holding in Keppel Reit two weeks ago but l have continued to increase my investment in it.  In the early part of this week l have added Keppel Reit 1 lot so my total holding in it now at 2 lots.  Its share price slumped further by Friday's closing bell.  Serve me right really for going back on my own words.  Anyway, l can still expect a good passive income with its dividend yield 5.5% based on my investment costs in it.

I have increased my investment in CDW Holding 5 lots in this week so my total holding in it now at 16 lots.  By doing so l was hoping to bring down the average cost but it does not really happen the way l wanted it to be.  I will probably letting go of this newly added investment first in the near future, hopefully before the release of Qtr 2 results which is likely to be quite bad.    

Missed opening up a mail which was received two weeks ago which contains a cheque on a dividend received from CDW Holdings for $97.

Portfolio walk since previous posting :-

+$1,236 Total Returns as of 14 June

+$97 Dividends from CDW

-$660 Unrealised positions worsened

+$673 Total Returns as of 21 June

Previous posting :-Cash - Closing Status 14 June

SRS - Closing status 21 June

In this week for my SRS portfolio, l have invested into AIMS AMP Industrial Reit 6 lots.  In the same week l have decided to reduce my holding in it by half to 3 lots currently.  This divestment was at a nett gain of $120.  If l am stuck with my investment for the remaining 3 lots then l can still expect an annual dividend of 6.6% based on my investment costs in it.

Divested UMS 25 lots at a nett gain of $164.  This is because l was not unsure whether the stock will continue to drift lower so l have decided to divest it all away as l was already in profit position.  The $164 nett gain is 66% of its dividend XD on 9 July which l think is still good considering that my investment duration in it was only for one week.  Its share price did not go lower much so l have re-invested into UMS 5 lots in the same week. Selling pressure will likely to come in next week as investors did not have much time to react when its share price ended Friday at its 52 weeks high at $0.525.

CDL Hospitality Trusts share price has been dropping for quite some time now and at one time on Friday, it was at its 52 weeks low of $1.70.  I have invested into CDL Hospitality Trusts 1 lot in this week but not at its lowest share price level in this week. Will the current haze situation affect its revenue?  Possibly yes, when it reports its 2nd quarter results ending 30 June but l think it will be minimal as 15% of its hotel businesses are in Australia and New Zealand and the haze situation happens for only 2-3 weeks duration.  If l am ever stuck with my investment in it l will have no regrets as l will consider it a good problem to have due to its reasonably good dividend yield of around 6.3% based on my investment costs in it. 

Invested into Mapletree Logistics 1 lot.  This logistics reit company has its well diversified customer-mix businesses in Singapore, Japan, Malaysia, Hong Kong, China, Vietnam and South Korea.  There is greater stability and resilience because there is no reliance on any single industry or customer.  Based on my investment costs in it l can expect an annual dividend yield 6.2%.

Invested into K1 Ventures 10 lots this week under SRS portfolio.  K1 is into a wide range of investments across diverse industry sectors - 50% in transportation leasing and 50% in Investments (mainly Education, Oil and Gas exploration, Financial Services, Automative Retail, Diversified funds).  There are many well known brand names under Education such as Busy Bees, Learning Vision, Learning Horizon, Pat's School House, The Children's House, Canadian International School of Singapore, Brighton Montessori, K12 Inc.  In its recently published annual report it said :- ".... It was concluded that shareholders were best served by not seeking additional capital and instead focus on the management of the current investment portfolio with the view to maximise shareholder value, and to distribute excess cash as investments are monetised. ....".  There are many powerful names in its board of directors namely Choo Chiau Beng (from Keppel Group), Lee Suan Yew (from Haw Par Group), Teo Soon Hoe (from Keppel Group), Yong Pung How (former Chief Justice of Singapore), Neo Boon Siong (from OCBC, Keppel T&T). At annual dividend rate of $0.015 (interim dividend $0.01 + assumed final dividend $0.005) then l can expect annual dividend yield of 9.0% based on my investment costs for 10 lots.

The share price of Frasers Centrepoint Trust (FrasersCT) looks quite attractive now.  Its share price started correcting lower since early May'13.  For this week, l have invested into FrasersCT 1 lot and if l am stuck with this investment then l can still expect an annual dividend yield 5.3% which is much better than bank deposit rate.

Also invested into Mapletree Commercial Trust 1 lot in this week at a share price which has a dividend yield 5.4% just in case l am stuck with this investment.  Distributable income is likely sustainable at 2012 rate or even higher with the completion of Mapletree Anson acquisition in early Feb'13. 

This week for my SRS portfolio l have invested into Kingsmen Creatives 3 lots.  Its revenue for 1str quarter results was lower than in 2012 but its gross profit margin at 30.7% was above 2012 full year (25%) and 1Q2012 (27.2%) so it is playing its sales mix well here which contributed positively to its profit.  Profit was also higher because of dividend income from other investment income in 1Q2013; not sure whether this is a one-time item?   Its associated companies also contributed positively to its profit.

Portfolio walk since previous posting :-

+$6,313 Total Returns as of 14 June

+$285 Gain on sales of UMS and AIMS AMP Reit

+$1 Unrealised positions improved

+$6,599 Total Returns as of 21 June

previous posting :- SRS - Closing status 14 June

SRS - Closing status 14 June

Invested into UMS 25 lots in this week under SRS portfolio.  Not sure whether its share price will recover any time soon but if l am really stuck with it then l would not mind.  This is because l am assuming that it is likely to continue paying good annual dividends of around 10%, for financial year 2013.

Portfolio walk since previous posting :-

+$6,608 Total Returns as of 7 June

-$294 Unrealised positions worsened

+$6,313 Total Returns as of 14 June

previous posting :- SRS - Closing status 31 May

Cash - Closing Status 14 June

In this week under my Cash portfolio l have added a few stocks to my current portfolio on Cache Logistics 1 lot, Suntec Reit 1 lot, Duty Free 2 lots, UMS 2 lots and SingPost 1 lot.

These additions did not help much as they are still under heavy unrealized losses.  Will selectively adding more stocks next week as share prices will continue drifting lower.

 In this week, l have invested into both CM Pacific 1 lot and Tai Sin Electric 2 lots; both of which l have divested them away around two weeks ago.   l do not mind getting stuck with my investments in them if their share prices remaining weak.  Both companies dish out reasonable annual dividends of more than 6%.

Portfolio walk since previous posting :-

+$2,160 Total Returns as of 7 June

-$925 Unrealised positions worsened

+$1,236 Total Returns as of 14 June

Previous posting :-Cash - Closing Status 7 June

SRS - Closing status 7 June

Received the SRS statement from the bank in this week.  And in it there was a dividend from SembCorp Marine for $160.

Using SRS funds this week to invest into SingPost 6 lots.  At the moment it is already in profit position but l am still unsure whether to divest it all away in the coming weeks or keeping it to collect its upcoming dividends.

Portfolio walk since previous posting :-

+$6,556 Total Returns as of 31 May

+$160 Dividends from SembCorp Marine

-$108 Unrealised positions worsened

+$6,608 Total Returns as of 7 June

previous posting :- SRS - Closing status 31 May

Cash - Closing Status 7 June

This week for my Cash portfolio l have invested into Kingsmen Creatives 1 lot.  Its revenue for 1str quarter results was lower than in 2012 but its gross profit margin at 30.7% was above 2012 full year (25%) and 1Q2012 (27.2%) so it is playing its sales mix well here which contributed positively to its profit.  Profit was also higher because of dividend income from other investment income in 1Q2013; not sure whether this is a one-time item?   Its associated companies also contributed positively to its profit.

Invested into Keppel Reit 1 lot in this week under Cash portfolio.  Its 1Q2013 results was okay.  It recently increased its exposure into Australia so l am not really sure whether that country's almost shaky economy condition would worsen further which could impact Keppel Reit's results.   So, l am not likely to increase my investment in it beyond 1 lot.

Got myself Cache Logistics 1 lot in this week.  Good results for 1Q2013.  No logistics warehouse (properties) renewal risk in 2013 as all expiring leases have been renewed. Will increase my investment in it should its share price weakens much further.

The final Reit counter l have invested under Cash portfolio in this week was Ascott Reit 1 lot.  Nothing particularly special of Ascott Reit as l am just eyeing for a dividend yield which is higher than bank interest rate just in case its share price going lower further and l am stuck with it.

I took up a small position in UMS 2 lots in this week.  Amazingly it still able to withstand current  stock market rout as its share price did not move down like every other "active" counters.  So, l will continue to collect more of it in the coming days and weeks.  UMS has one of the highest dividend yield around at the moment of around 10%!  Probably it is still a good problem to have when one day its share price ever giving way and l am stuck with it.

I did partial divestment on SingPost 10 lots at different price levels which was bought in the previous week for a nett gain of $207.  As its share price was pressured down again subsequently so l have re-invested 9 lots in it at different share price levels.   So my total holding of SingPost at 14 lots now.  At the moment SingPost is having CD status so selling pressure on it will slowly die down.  

Portfolio walk since previous posting :-

+$2,656 Total Returns as of 31 May

+$207 Gain on sales of SingPost

-$702 Unrealised positions worsened

+$2,160 Total Returns as of 7 June

Previous posting :-Cash - Closing Status 31 May

CPF - Closing Status 7 June

Received CPF investment statement from the bank this week.  In it there were several dividends received in the month of May :- SPH $11, SembCorp Industries $300, SembCorp Marine $160, Capitaland $280.  I am stuck with my investment in these companies as their share price levels are now much lower.  CPF interest rate remains at 2.5% so ideally the dividend yield in these companies should be higher.  Using expected annual dividend rate against my investment costs in them so the expected dividend yield will be at :- SPH 3.6%, SembCorp Industries 2.9%, Capitaland 1.7%, SembCorp Marine 2.2%.  So, SPH and SembCorp Industries are good problem to have but not on Capitaland and SembCorp Marine.    Banks charges certain costs (quarterly bank charges, $2.50 per l lot of share, and other smaller charges) under the CPF investment scheme so investments using CPF funds will be quite expensive.  Investing into companies not paying dividends or paying very little dividends using CPF funds is a very unwise move especially when getting stuck with the investments due to lowered share price levels.  Back to my CPF portfolio, current pot is much better than the ones in the earlier months and years.  Reason for the realized negative returns so far was because of divestments of certain incorrect investments which were quite speculative back then.  Waiting for share prices to go back up again so that l can make further changes to current pot.  

Portfolio walk since previous posting :-

-$7,831 Total Returns as of 31 May 

+$751 Dividends from SembCorp Marine, SembCorp Industries, SPH and Capitaland

-$711 Unrealised positions worsened

-$7,792 Total Returns as of 7 June

previous journal :- CPF - Closing Status 31 May

SRS - Closing status 31 May

Invested into Tai Sin Electric 18 lots under SRS portfolio some two weeks back.  Its shares was dumped immediately it released its Qtr 3 results with a weak gross profit margin.  But investors soon realized it's really premature to presume bad times ahead for Tai Sin and its share price recover upwards slightly in the next few days.  I took this opportunity to divest it all away in this week for a profit of $120 which is equivalent to an investment returns of 2.3%.

Also in this week for my SRS portfolio l have invested into SingPost 13 lots.  When its share price improved in the same week which resulted in a 1.2% returns on investment costs in it so l did not hesitate further but to liquidate it away for a of profit $212.   

Portfolio walk since previous posting :-

+$6,488 Total Returns as of 23 May

+$332 Gain on sales of Tai Sin and SingPost

-$264 Unrealised positions worsened

+$6,556 Total Returns as of 31 May

previous posting :- SRS - Closing status 17 May

Cash - Closing Status 31 May

In this week l have donated $50 each to Metta Welfare Association and Promoting Alternatives To Violence.

Invested into SingPost 15 lots under my Cash portfolio in this week. I have seen it rise slowly and steadily over the past months and l would have thought that it is quite immune to stock market consolidation. I was wrong. The global stock markets volatility especially in Japan is affecting SingPost as well. I will have to keep SingPost for some time to come now. Will have to wait out till it goes XD on 2 July, perhaps.

Put in a small investment amount into Tai Sin Electric 2 lots this week. But because of the volatility of global stock markets in this week so l have decided to sell it away in the same week at a gain of $17 which equivalent to 2.9% returns on the invested costs. Hope to re-invest into Tai Sin at lower share price level.

I have divested away CM Pacific 1 lot in this week for 1.7% returns or $15 which is definitely better than what the bank deposit can offer for a small investment amount over a period of around two weeks. Hope to re-invest into CM Pacific at lower share price level.

Also invested a very small investment amount into Telechoice 1 lot under Cash portfolio this week. And l cannot resist in letting it go in the same week for a gain of $14 which equivalent to 6.1% on the invested costs. Will re-invest into Telechoice when its share price re-visit lower share price level.

Received a cheque in the mail from UMS for dividend payment amount of $340. I do not mind getting stuck investing into UMS, just in case its share price goes south if l ever investing into it again as it is a good problem to have due to its generous dividends.

 

Portfolio walk since previous posting :-

+$3,086 Total Returns as of 23 May

+$46 Gain on sales of Telechoice, Tai Sin and CM Pacific

-$100 Donations to Metta Welfare Association, Promoting Alternatives To Violence

+$340 Dividends from UMS

-$716 Unrealised positions worsened

+$2,656 Total Returns as of 31 May

Previous posting :-Cash - Closing Status 23 May

Metta Welfare Association

Donated $50 to Metta Welfare Association in this week.

All overview of Metta Welfare Association

Mission

• To provide accessible and affordable medical care to the less fortunate - home hospice care for the terminally ill and day rehabilitative services for elderly and stroke patients

• To provide disability care, respite care, residential care and training for the intellectually disabled

• To provide special education and training for children with mild intellectual disability and/or autism

• To provide community care services for the elderly, students and children

• To develop and provide such forms of medical care and welfare services as required by the community

Company Overview
The Metta Welfare Association (Metta) was founded in 1992 by Venerable Shi Fa Zhao, Abbot of the Golden Pagoda Buddhist Temple. He is also the President and Abbot of the Buddha Tooth Relic Temple and Museum.

Description
"Metta" in Pali means "loving kindness"
In accordance with The Great Compassionate Vows of The Buddha of Medicine, Metta aims to provide quality health care and welfare services for the needy and less fortunate, regardless of race or religion.

Promoting Alternatives To Violence

Donated $50 to Promoting Alternatives To Violence (PAVE) in this week.

PAVE is a specialized organisation that provides support to the whole family, i.e. victims, persons who abuse and witnesses of family violence.

Description
The programmes encompass a continuum of services starting with remedial services and moving into a preventive cum developmental model. Other components of the service would be advocacy and research so as to contribute to policy and thinking in this area of work and training and consultancy to impart professional social skills and expertise to professional social workers, counsellors, medical team, para-professionals, grassroots organizations and other social service providers.

Vision
To be the lead organisation in the provision and development of integrated services against interpersonal violence and to lead in the promotion of healthy relationships in our society.

Mission
To promote a healthy community, free from violence through empowerment, collaboration and advocacy.


Goals :-

##To promote positive alternatives to violence in the lives of persons experiencing interpersonal violence through a comprehensive provision of services.

##To forge partnerships with key community stakeholders in the elimination of interpersonal violence.

##To promote a well-informed community on issues of interpersonal violence through public education and awareness programmes.

##To develop professional competence in the management of interpersonal violence issues through training and research.

##To provide consultative services to social service professionals who work with individuals or families experiencing interpersonal violence.

CPF - Closing Status 31 May

I did not expect world stock markets can be so badly affected by the volatility of Nikkei stock market.  So, all the star studded companies in CPF portfolio have been badly affected as well.  

Wish that l could delay my new investments under my CPF portfolio in this week to later dates into both SPH 2 lots and Starhub 2 lots.   These two stocks have now joined the other badly bruised members of my CPF portfolio.  Blue chip companies are very unlikely to collapse so l can still rest easy and collecting dividends on them.

Portfolio walk since previous posting :-

-$6,106 Total Returns as of 3 May 

-$1,725 Unrealised positions worsened

-$7.831 Total Returns as of 31 May

previous journal :- CPF - Closing Status 3 May