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Saturday, 21 June 2014

Cash - Closing Status 20 June

Received the following dividends in this week for my Cash stock holdings :-

$78.00 Far East Hospitality Trust

Invested into K-Green Trust (now known as Keppel Infrastructure Trust) 2 lots in this week as part of usual and active stock holdings re-balancing.  For its 1Q2014 financial results, revenue -1.3% versus last year; profit +9.4%.  Higher profits driven by lower electricity price from measures taken to mitigate the volatility of electricity cost by fixing the price, and the savings from the solar photovoltaic (PV) system which generates electricity for plant consumption.  No borrowings.  It is quite a defensive stock as all three assets in its portfolio have long-term concession agreements with NEA and PUB.   Senoko Trust and Tuas DBOO Trust derive most of their income from capacity payments, which offer a stable source of income with little correlation to economic or demographic fluctuations.  Ulu Pandan Tust's income is derived in equal parts from availability payments and from NEWater output payments.  In connection with the reorganisation of Keppel Integrated Engineering Limited (being the sponsor of KGT) and Keppel Energy Pte. Ltd. under Keppel Infrastructure Holdings Pte. Ltd. (KI), the investment mandate of KGT will now cover a wider range of infrastructure assets, so as to align with the wider business activities of KI.  KI currently has three core business platforms in Gas-to-Power, Waste-to-Energy and X-to-Energy, the latter of which spearheads strategic developments into alternative energy sources, energy conversion and integration of the energy value chain, as well as encapsulates other energy infrastructure businesses such as district heating and cooling.

Cash stock holdings walk since previous posting :-

+$9,803 Total Returns as of 13 June

+$78 Dividends from Far East HTrust

-$31 Unrealised positions worsened

+$9,850 Total Returns as of 20 June

Previous posting :- Cash - Closing Status 13 June

Remarks :- Profits locked in to-date $17,005 / year 2014 $5,512

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