The pictures above show my holding as of 19 December and Today, net profits/ loss including dividends does not include dividends declared but not received.

I accumulated APTT at 78 cents and divested from HPHT at 84.5 cents. Other than that, it is status quo.

I have blogged separately about HPHT, Lippomall, Lee Metals and Yangzijiang.

I believe HPHT can deliver on the 8% yield through capital management, or strong rebound from HOng Kong and Yantian ports. But the bet case scenario would have to pent out for me to have the 8% on a sustainable footing, what comes after 2014 will be a big question mark if the ports do not recover. I decide that the risk reward profile can be more rewarding if I increase holding of APTT instead.

APTT

I believe APTT has 3 major risks.

1) The poor settlement of tax provisions with (Read more...)