Author: paullowinvestmentjourney

portfolio update may 2018

Dividend by month 1) singtel 2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit suntec 3) spost  taisin lippo nam lee netlink 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit sci suntec 6) tcil ocbc 7) singpost 8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit 9)  uob tcil cdg netlink sci 10) sgx 11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit suntec 12) sph ksh ock Remarks: added more sia eng bought into...

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Portfolio Update April 2017

Dividend by month 1) singtel 2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit suntec 3) spost  taisin lippo nam lee netlink 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit sci suntec 6) tcil ocbc 7) singpost 8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit 9)  uob tcil cdg netlink sci 10) sgx 11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit suntec 12) sph ksh ock Remarks: Add mit. Reentered suntec at around...

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low keng huat

i used to hold his counter, got in at around 54c, took 1 round of 4c dividend but got out at 68c. normally, my preferred holding time is mid to long range. however, when i saw the 2-3quarter earnings of this company, i figured that it was unlikely to sustain an earnings to be able to pay out 4c this year. true enough, eps whole year dropped and dividend cut to 2c, and the price retreated accordingly. minus this round of dividends, it might go closer to 60c. if its unable to keep up to its previous 4c dividend,...

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Portfolio Update March 2018

Dow dropped 700 points overnight and STI is following a similar fashion. Indicators are mostly red and down by some 2%. Looks like this is a year of wild swings in the market. Overall, market direction is still up. I had some time to tabulate my portfolio against sti. From jan 2016 (sti was around 3150) to now (sti now around 3430, STI has gained nearly 9%. Over a similar time, my portfolio has gained nearly 19%. Most of it is via dividend reinvesting and also rebalancing of portfolio occurs every 6 months or so, or unless a particular...

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portfolio update february 2018

Dividend by month 1) singtel 2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom 3) spost  taisin lippo nam lee netlink 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre 6) tcil ocbc 7) singpost 8) fcot singtel  plife  ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom 9)  uob tcil cdg netlink 10) sgx 11) fcot taisin sgx spost  starhillg fct cmt lippo 12) sph sats ksh ock Remarks: Added more sph comfortdelgro singre & fortune with dividends received Overall, nothing fanciful and nothing new: dividends received will be...

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Value often emerges during big drops

i took the recent sti 100 point plunge to add a counter. I chose fortune as it pays dividend twice a year and there is a discernible rising trend in the payouts. In addtion, it is one of the most deeply discounted reits around. the strategy of having a regular steam of dividends helped as it came handy when i needed the funds. sure, it might seem scary to buy during such drops. but actually, its even more scary to buy when sti was 3600...

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Buying index verses dividend portfolio

Recently, i replied to a reader who asked me if i hold so many counters, might as well i go buy index? At one glance and perhaps to a lot of people, it might make sense. However, in reality, its not quite the same. In index, we only get dividend 2x a year. this makes compounding a lot (and i say it again) a lot slower. The bigger difference and actually dangerous difference is when one takes out a fixed amount say 4% from this portfolio. In bull times, it can be done without much fear as there’s a...

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portfolio update jan 2018

Dividend by month 1) singtel 2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom 3) spost  taisin lippo nam lee netlink 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre 6) tcil ocbc 7) singpost 8) fcot singtel  plife  ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom 9)  uob tcil cdg netlink 10) sgx 11) fcot taisin sgx spost  starhillg fct cmt lippo 12) sph sats ksh ock Remarks: Bought more st eng sia eng sph comfort starhill. A good run up by STI. Sitting on a pretty paper...

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did ST Eng reached bottom recently?

i invest primarily for dividend aka cash flow. when the yield goes up, i give the counter a second look and ask myself whether the yield rise is sustainable. in other words, the drop in price is rational or irrational. in the market traders and investors co exist. and amongst traders and investors, there are many sub groups. back to the st eng. i decided to add around 320. i have no idea whether it would drop more or not. but to me, that 320 price is its many years low and looking at its earnings, it should be...

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portfolio update dec 2017

Dividend by month 1) singtel 2) fcot sgx capitacom starhillg fct sphreit cmt fortune capitaretail 3) spost  taisin lippo nam lee netlink 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre 6) tcil ocbc 7) singpost 8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail 9)  uob tcil cdg netlink 10) sgx 11) fcot taisin sgx spost  starhillg fct cmt lippo 12) sph sats ksh ock Remarks: sold off low keng huat suntec and most of capitacom as they have run up quite a fair bit and...

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portfolio update November 2017

Apologies for the late update. Have been travelling quite a lot recently. Dividend by month 1) singtel 2) fcot sgx capitacom starhillg fct sphreit cmt 3) spost  taisin lippo nam lee netlink 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre 6) tcil ocbc lkh 7) singpost 8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre ock 9)  uob tcil cdg netlink 10) sgx 11) fcot taisin sgx spost  starhillg fct cmt lippo 12) sph sats ksh ock Remarks: With my proceeds from lmg and from the dividends, I added...

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thank you, lee metal

I decided to offload my entire lee metal stake. And i think this represented about 5% of the total trade of the day. To me, 40c represents a premium to the NAV of 38.5c and personally i feel that a discount to the NAV is warranted in the first place for this counter. And moreover, the last result wasn’t good. Next year dividend cut might even take place should the earnings continue this way. Long term wise i am still bullish on this counter, knowing where the bulk of its business lies in. However, the price of 40c is...

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portfolio update – september 2017

Dividend by month 1) singtel 2) fcot sgx capitacom lian beng starhillg fct sphreit cmt lippo firstr plife 3) spost  taisin 5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre plife 6) tcil ocbc lkh 7) singpost 8) fcot singtel  plife  ocbc  capitacom starhillg sci steng fct singpost sphreit cmt lippo singre plife firstr siaeng 9)  uob tcil cdg 10) sgx lian beng 11) fcot taisin sgx spost  starhillg fct cmt lippo plife firstr siaeng 12) sph sats ksh Remarks: roxy sold on periodic review. gain was about 20% in one year. this counter is undervalued...

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Capitacommercial trust

CCT will be having its rights issue to partially fund a 2bil prime ppty in the marina district. likely i would be subscribing to it, to get exposure to such prime property. CCT being a reit, has little other option but to have a rights issue to fund such a huge purchase when this opportunity presents. the full positive effects of this might need a few years to take place, something which i think is acceptable to a lot of long term investors like myself. it is still one of the few reits in singapore which is trading below...

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comfortdelgro and sph – multi year low prices

we see both counters CDG and SPH dropping to multi year lows, the former ended just above $2 today and the latter about $2.60 today. both are the result of disruptive forces of today’s modern world i believe these two counters belong to many people in singapore, including myself. i used to think they were very safe. perhaps not so now. However, but over a long time, my guess still is that both should be able to weather this and most likely they will not become history in our history books. i did a portfolio check today, and it...

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