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Sunday, 9 March 2014

SRS - Closing status 7 March

Received the SRS statement from the bank in this week for Feb month which showed the following dividends collected for my SRS portfolio :-

$45.30 Soilbuild Biz Reit
$65.70 Sabana Reit
$39.40 Keppel Reit
$222.40 CDL Hospitality Trust
$42.74 Cache Logistics Trust

Invested into DBS Group 300 shares in this week under SRS portfolio.  For its 3Q13 financial results and versus year ago :- Net interest income +6% because loans +19% but the impact was partially offset by lower loan spreads and yields on investment securitie; Non-interest income +11% because trade and transaction services, wealth management and treasury cross-selling contributed to the increase; Expenses +5% as staff and other operating costs were higher.  Net profit fwas flat as the increase in total income was offset by higher general and specific allowances, in line with faster loan growth. Non-performing loan rate at 1.2%.

Invested into GRP Ltd 78 lots in this week but reduced it by 28 lots within the same week for $37 nett gain; as part of usual portfolio re-balancing.  Total holding in it now at 50 lots.  For its HY2014 financial results, revenue +5.7% with growth in all the three business divisions.  Strong demand in Hose & Marine and ramp up in orders from a middle east customer for its uPVC.   Administrative expenses -6.7%.  Profit 24.4%.  Free cash flow status at the moment.  Cannot understand reason(s) for not declaring any dividends with this set of good results.  The ex-President of REDAS, Mr Teo Tong How will be part of GRP's independent non-executive director and chairman of the board of directors.  Mr. Teo will add tremendous value to GRP due to his vast knowledge, experience and network in property development, and property investments.


Portfolio walk since previous posting :-

+$6,242 Total Returns as of 28 Feb

+$416 Dividends from Cache Log, Sabana Reit, CDL HTrust, Keppel Reit, Soilbuild Biz Reit

+$37 Nett gain on sales of GRP
  
-$648 Unrealised positions worsened

+$6,046 Total Returns as of 7 Mar

previous posting :- SRS - Closing status 28 Feb

Remarks :- Profits locked in to-date $13,450 / year 2014 $848

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