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Sunday, 8 June 2014

Cash - Closing Status 6 June

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

$18.90 Mapletree Logistics
$28.80 Fraser Centrepoint
$212.50 CM Pacific

Donated $65 to iC2 PrepHouse Limited

Invested into CDW 7 lots but divested it all away in the same week for $9 nett gain; as part of usual and active stock holdings re-balancing.  For its 1Q2014 results, revenue +2.0%, profit -50.5%.  Lower prfoit mainly due to one-off gain in 1Q2013 on bargain purchase of US$1.5 million.  Its gross profit margin also lowered; due to the increase in sales volume of high value items which were driven by material costs.  For its LCD Backlight Units segment, order volume with reasonable margin will be gradually recovered from mid of FY2014 with introduction of new models from existing customers as well as new customers in the PRC.  Demand in the LCD Parts and Accessories and Office Automation segments remains weak and sluggish.

Divested away CM Pacific 5 lots in this week at break even; part of usual and active stock holdings re-balancing.  For its 1Q2014 financial results, revenue +6% driven by the revenue growth from Yongtaiwen Expressway which accounted for 80% of its revenue.  Profit +14% driven by higher profit contribution from its toll road assets and the recognition of deferred income and effective interest income on compensation receivable from the relocation of certain toll stations along the Guihuang Highway. This was partly offset by higher finance costs and withholding tax and lower exchange gain.

Based on my stock holding of Tee International l have been given a bonus issue on Tee International Warrant W170526 of 14 lots.  Sold away the entire 14 lots of it in this week for $771 nett gain; as part of usual and active stock holdings re-balancing.  

Added GRP Ltd 20 lots in this week as part of usual and active stock holdings re-balancing; total holding in it now at 61 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.  It recently announced termination of its projects and development works in Myanmar.

Cash stock holdings walk since previous posting :-

+$8,477 Total Returns as of 30 May

+$260 Dividends from Fraser Centrepoint, CM Pacific, Maple Logistics

-$65 Donated to  iC2 PrepHouse Limited

+$781 Nett gain on sales of CDW, CM Pacific, Tee Intl Warrant

+$893 Unrealised positions improved

+$10,346 Total Returns as of 6 June

Previous posting :- Cash - Closing Status 30 May

Remarks :- Profits locked in to-date $16,902 / year 2014 $5,410

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