Tuesday, September 30, 2014

30 September 2014

Regional conflicts in Middle East, Ebola crisis in Africa, unfavourable business data from Europe and China, all these negative factors weighed on the equity market in September. The latest development in Hong Kong doesn't help at all. STI dropped 50.35 points, or 1.51% in the month, to end at 3276.74 at the end of the month. My portfolio did worst, its value drop 2.02% in the month.

Will the market continue with the down trend in October? Or worst still, will the 2007 market melt down repeat itself since, as some Gurus claim, the 7 year cycle is due? Well, I don't have a crystal ball for that. I will just stick to my plan and seek out undervalue stocks to invest, while maintaining a "war chest" for any opportunity which may appear.

This month, I received quite a number of shares through scrip dividend scheme: First Reit, FraserComm, Mapletree Ind, MapletreeLog, Cambridge, AIMSAMPIReit, CapitaChinaR Tr,  and DBS. I also received OCBC shares through Right issue. I bought Saizen Reit from open market. I sold all my SMRT shares.

Total dividend received this month amounts to S$10,500.00. This number includes those I reinvested via Scrip Dividend Scheme. I injected S$12,000.00 into the portfolio this month.

Below are my top 30 holdings as at 30 September:

1.   SPH
2.   ComfortDelGro
3.   OCBC Bank
4.   DBS
5.   Ausnet Services
6.   Sembcorp Ind
7.   ST Engineering
8.   Starhub
9.   Frasers Comm Tr
10. SGX
11. Metro
12. CapitaLand
13. United Engineers
14. CitySpring Trust
15. AIMSAMP Cap Reit
16. CapitaComm Tr
17. Nikko AM STI ETF 100
18. Sembcorp Marine
19. Lippo Malls Tr
20. YZJ Shipbldg SGD
21. Keppel Corp
22. Mapletree Log Tr
23. Sing Inv & Fin
24. Ascendas Reit
25. SATS
26. Global Inv
27. SingTel
28. Sabana Reit
29. SIA
30. PanUnited

Monday, September 29, 2014

OCBC Rights Issue

Today the result of OCBC right issue was out. This right issue must have been well received and subscribed by investors, because I was only awarded with 29 excess right shares though I applied for more. The excess shares don't even round my holding to the full lot, but only to the next half lot...hmm...

Full lot or not, it's not so important. Since I am subscribing to the scrip dividend scheme, I am going to receive odd lot anyway. Since the shares (rights and excess rights) received are at a discount, there is also no reason to complain too much. Of course it will be nice to receive a bit more... LOL.

Sigh! 人心不足,在下也不能免俗。

Sunday, August 31, 2014

29 August 2014

August has not been a good month for share investors. STI has been in negative region (compare to end of July) the whole month. Globally, the stock market is still affected by the Middle East and East European Conflicts. European market continues to be weak but U.S. seems less affected.

As at today, STI closed at 3327.09, down 46.97 point, or 1.39% from July. My portfolio performed slightly better than STI this month, thanks to UE, whose price shot up more than 20% on talk of acquisition. Portfolio value was down 1.00% from last month, net of new funds injected.

I bought shares of Popular, LeeMetal and Cache Log Trust this month. I also participated in scrip dividend scheme from some MapletreeLog, MapletreeInd, First Reit, FraserComm, and CapitaChinaR.

The Unit trust I bought last month started to pay dividend. This boosted the total dividend income for this month to S$18,000. I think I am on track to reach my passive income target this year.

Below are the top 30 holdings as at 29 Aug 2014. This is the second months in a row when there is no change in the "membership" of the list.

1.   SPH
2.   ComfortDelGro
3.   DBS
4.   OCBC Bank
5.   Ausnet Services
6.   Sembcorp Ind
7.   ST Engineering
8.   Starhub
9.   Frasers Comm Tr
10. SGX
11. Metro
12. CapitaLand
13. United Engineers
14. CapitaComm Tr
15. CitySpring Trust
16. AIMSAMP Cap Reit
17. Sembcorp Marine
18. Nikko AM STI ETF 100
19. Lippo Malls Tr
20. Keppel Corp
21. Ascendas Reit
22. YZJ Shipbldg SGD
23. Mapletree Log Tr
24. Sing Inv & Fin
25. SingTel
26. SATS
27. Global Inv
28. PanUnited
29. SIA
30. Sabana Reit