Author: CoryLogics

Cory Diary : Portfolio Management 20180619

I have been holding this article for 3 days for the fear of  of my first attempt to time “my escape” when Trump suggested Tariff list. However the market crawl back quickly and I feel wolfed. Will this time be another “fake news” ? Well, Trump up the fight immediately right after China hit back. That’s round 2. With battle started, STI is possibly entering the down trend phase. My portfolio is down and to date performance -1.9% this year whereas STI Index -3%. Looks like it takes a market dive for me to catch up as bank falls...

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Cory Diary : Inflation and Currency

There are 2 things to watch that can manipulate what we think about how much asset we actually have with time. Inflation The typical one is the lack of understanding of Purchasing Power. The typical normal is I have $100,000 today and as long we lose no money in scam, investment, spending etc, 10 years later and is still $100,000, mentally people will be ok. And that will be a big mistake in the current world. In the past 10 years, for the same property, price has doubled. This excludes the possible rental income we can extract from it...

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Cory Diary : In Search of Golden Cross P2

Presented with the opportunity again for the 3rd time this year. I am 1% less in difference from STI this year. Italy Crisis causes the market to dip.  Provided me the 3rd chance.  Did something I never dream of. Here’s what I did. 1. Further expand US stocks 2. Sold off Aims Reit to secure the value 3. Accumulate more bank shares 4. Next, I will probably target STI Index. Why Aims Reit ? Main reason is it did not drops as much as others. My thought is that if the market rebounds for Reits, I have others Reits...

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Cory Diary : Net Worth 20180526

Been some time since last blogged about Net Worth. This has not been my priority list for some time. Out of curiosity I do a quick calculation on the percentage change. Up 2.3% for the first 5 months. That doesn’t seem a lot in percentage term but for a salary man, that is something. Breakdown of my Net Worth is as above. If we are to count Gov Sec, Bond/Pref and Equity, total percentage is 51%. That’s a good improvement since I last tracked them at 44% (link). Deposits/Saving reduced to 20% accordingly. Equity and  Bond/Pref Half the segment...

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Cory Diary : Dividends Mid May ’18

This year is quite challenging for Reits stock price. However for dividend investors, as long the fundamental of such counters are intact and there aren’t major crisis on the horizon, I feel there’s not much action we can do. The coming Singapore bond launch is 2.43% yield provided we keep there for 10 years. So able to get +2%  from our stock investment after capital movement should be quite good. Of course we can potentially hit 3-5% range. Dividends collected so far this year is $17,112 which is about 41% of 2017 full year. Theoretical dividends estimated will be...

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Cory Diary : In Search of Golden Cross

The banking strength in 2017 and 2018 have skewed the stock market quite significantly. But just to get on-board them midway (assuming) is not easy at current high price. The only consolation I have is STI Index so far which capture a fair bit of the banking actions.With reasonable amount I decide to plunge into OCBC which has recently dipped due to “poor” result. Hopefully I did not catch the tailwind of the banking sector. I was proved wrong twice during the first 4 months of the year when STI Index charge ahead against my personal returns every time...

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Cory Diary : Recent Trade Actions 20180507

This year is flat. Hovering around 1% gain currently which is still below STI Index. Strategy wise I am not changing much. Our Banks valuation are rich so is tough for me to enter to close the gap. Few trades I did worth thinking more. Singtel Reduced further with the poor results of associates as I need to manage the risk of over-exposure. And with the coming of TPG, the battle could be tougher. Regional wide telco margin pressure will be a new shift. The main impact is my 2018 dividend. So I hope to come up something to...

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Cory Diary : US Stock injection into SG Portfolio Tracker

I tend to keep my US stocks low profile. There are few personal reasons. Decided to do a first this time. Reason being my portfolio should have a better diversification tracking in management considering bulk of my shares are in SG Trust/Reits, Index and SG Bonds/PS. Will be selective at first. Injected Facebook into my tracked holding and slowly expand if I am happy with the move. The complexity is they are traded in USD. So currency movement do affects my overall returns and risks. One logic to consider is the exchange rate. My consideration is how I can...

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Cory Diary : CAPITALAND MALL TRUST 1Q18 ( CMT )

Quick collection read from today CMT 1Q18 report DPU 1.8% YoY. That’s about 5.4% yield at today $2.10 stock price. Operating expenses decreased 4.7% which is quite significant. Raffles City Singapore (Joint Venture) NPI is up. Was not so good in previous report. Gearing lowered to 33.5% Nice set of result. And we still have Funan Mall as a wild card.  To top it up, Sale of SSC for S$248.0 million. That’s a good premium and helpful buffer for many quarters to come. Not sure I have...

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Cory Diary : Compiling NetLink NBN Tr

NetLink NBN Tr – closer reviewIPO price S$0.81 at lower band range. S$2.3 billion IPO is the biggest in Singapore since 2011. Singtel will hold about 24.99 per cent of the units in NetLink NBN Trust, which will own all of the units of NetLink Trust. Consists of 10 Central Offices and approximately 76,000 km of fibre cable, 16,200 km of ducts, and 62,000 manholes then. Providing services for 89% of the residential homes in Singapore (2017). NLT is the sole network company for Next Gen NBN, it dominates the wholesale provision of dark fibre connections for residential premises....

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Cory Diary : Is this a Start of Trade War ?

Just came back from hiking in Jia Yi farmland recently. 24c and windy weather. Excellence walk on some unplanned and very secluded locations. Used pedometer and the max day count is 20268 which could be more than 12 km. Quite an adventure I would say especially walking pass 3 unchained street dogs and a traditional cemetery hill plus a 1 km detour. I do not find it appropriate to take a snap … kind of regretted.   This is probably the kind of life i love to have when retired. Travelling around the country and going to unknown places....

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Cory Diary : Investment Journey

We have been flat this year so far. That’s alright. We can’t expect every year to do well. I have been cutting loses, taking profits and re-balancing some of my positions. And just went below 45K dividends mark. Let’s see how i can make it up near term. Cash is still high up. Maybe SSB should also up the 100K limit instead of just enlarging the pool size. So what’s the title about today ? I derived something new this morning. Investment is a journey. The enjoyment of the Process of stock selection, dividends collection, reports reading and news catch....

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Cory Diary : Recent Trade Actions 20180313

PARKWAYLIFE REIT and MAPLETREE IND TR Manage to come back to secure some after recent price corrections. Just a relatively small position in each. Good to be able to expand my Reits to have two more counters. Current Reits allocation is around 40% of Local Equity Portfolio. Total Portfolio projected to receive $45K dividend in 2018 currently.I like this Maple due to “Mapletree Investments and Mapletree Industrial Trust Form Joint Venture to Acquire 14 Data Centres in the United States of America”. And I like Parkwaylife for being in the market for more affluent lifestyle and greying population needs. CREATIVE Did a...

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Cory Diary : Multi-Baggers

I watched Creative Tech share phenomenal jumps. More than 4 times before the News. Is this real ? Creative’s Super X-Fi™ Headphone Holography could be a game changer. Am I too late to the game. Let’s do a modelling today with Math. Using cost and target valuation price if indeed the technology becomes a household product as a standard.   If I am late in the game and I bought at $5 of 1000 shares. Compared to someone who bought at $1 assuming same amount of lots. If the value of the shares jumped to $100K, the profits difference...

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Cory Diary : Multi-Baggers

I watched Creative Tech share phenomenal jumps. More than 4 times before after the News. Is this real ? Creative’s Super X-Fi™ Headphone Holography could be a game changer. Am I too late into the game. Let’s do a modelling today with Math. Using cost and target valuation price if indeed the technology becomes a household product as a standard. If I am late in the game and I bought at $5 of 1000 shares. Compared to someone who bought at $1 assuming same amount of lots. If the value of the shares jumped to $100K, the profits difference...

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