Author: Yaruzi's Learn 2 Live

November 2018 – Yaruzi’s Portfolio Update

Market recovered some losses as November came to a close. As a result, my portfolio manage to recoup some losses in October. For the YTD, my portfolio was rather flat, down -0.09%. XIRR YTD was -0.11% and XIRR since inception improved to 4.76%. I contributed a fresh fund of $4,000 in November. I had two transactions in November. Sold 1900 shares of Indocement Tunggal Prakarsa @ IDR 19,525 Added 4900 shares of First REIT @ $1.03, bringing my total holdings to 11500 shares @ $1.1504 Equity allocation as of 30th November was at 31.95%, while bond & cash was at...

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Recent Buy – First REIT

Add 4900 shares of First REIT @ 1.03 on 19 November 2018. The purchase brought my total holdings of First REIT to 11500 shares @ 1.1504. After my purchase yesterday, it got sold down to 92 cents a share before recovering to 97.5 cents at closing. There was a lot of fear that the issue plaguing First REIT main sponsor, Lippo Karawaci, will eventually affect the REIT. Investors may be nervous with all the negative news flowing from the corruption case involving Lippo Karawaci’s flag project, Meikarta, credit rating downgrade, concerns on possible rights issue to fund acquisition of...

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October 2018 – Yaruzi’s Portfolio Update

My portfolio turned negative for the first time this year, even after $9,000 fresh fund injection. US market, which was standing strong, finally started to break down. STI dipped below 3000 briefly before recovering and settled above 3000. I have a long shopping list if markets correct further, otherwise I will wait patiently until the time comes. For those who followed my blog, I had been reducing my equity holding and switching into more defensive counters. Total portfolio value as of end Oct was $684,164.32. Equity allocation was at 31.58%, while bond/cash allocation was at 68.42%. Return YTD was...

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Recent Sale – Prada Spa, Chow Tai Fook, CNOOC, Vanguard FTSE AS

I take the opportunity by selling into strength today. I continued to reduce my exposure to consumer discretionary and cyclical stocks to manage my portfolio downside risk. Sold 1000 shares of Prada Spa @ HKD 28.15. For a holding period of 2 years 5 months, it gave me a CAGR of 5.43% including dividends. I really need to work on when to sell! Sold 5800 shares of Chow Tai Fook @ HKD 7.02. For a holding period of 2 years 7 months, it gave me a CAGR of 23.23% including dividends. I like Chow Tai Fook as it rewarded...

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Blood in The Street & Recent Sale

I added BT PLC on Tuesday (read here) as I felt smart money was switching to defensive play to prepare for blood in the street. I wasn’t expecting the blood shedding to happen almost immediately on the next day. Dow lost around 800 points on Wednesday and 500 points on Thursday. Looking at the longer horizon, we need more sell off for value to emerge. When market recovered slightly on Friday, I took the opportunity to sell some of my shares that were more “cyclical” or shares that I didn’t intend to hold for longer term: 3000 shares of Sinopec...

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Recent Buy – British Telecom (BT PLC)

Bought additional 1200 shares of BT PLC @ GBP 2.276 yesterday. This purchase brought my total holdings to 1780 shares with average price of GBP @ 2.837. At GBP 2.276 and the last dividend of GBP 0.1540, it gave a yield of 6.766%. It was trading around 11.2-11.3x PE. On 5th October, David Einhorn said “BT Group shares were cheap” according to CNBC news on 5th October. Link to news here. On a bigger picture, I observed that telecommunication sector seemed to strengthen as a whole. This might just be a rotational play as this sector was battered rather badly...

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September 2018 – Yaruzi’s Portfolio Update

September was an exciting month. Keppel Corp & SPH joined forces to offer $2.06 a share to take M1 private. It’s a smart move for them to make such an offer when M1 traded near it’s 5 year low. Looking at the last closing price of $2.11, I thought it would be unlikely for the other M1 major shareholders to accept the offer price. A bidding war might just be on the card. It’s going to be interesting, though I may not be as excited as B from Forever Financial Freedom or STE from STE Stock Investing Journey, as my M1 holding...

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Recent Sale – Starhub

Sold all 1200 shares of Starhub @ $1.65. As I mentioned in my August update, I felt growingly uncomfortable with Starhub. With the business focusing only in Singapore, it would be difficult for Starhub to find new areas for growth. It’s mobile and pay TV business had been on a decline for some time. Without growth, the cost saving initiative by the new CEO might only stabilise its earnings at best. When competition heats up, there could be more surprise to the...

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Recent Buy – Tassal Group, Telstra, and First REIT

Bought 1200 shares of Tassal Group @ AUD 4.31. Tassal Group produces and markets Atlantic salmon and ocean trout. The company’s product is marketed under the Royal Tasman Salmon brand. The products are distributed in Australia, Japan and other international markets. I like the low debt and growth of Tassal Group, proven by it’s ever increasing dividends. With PE of 12.8x, dividend yield of 5.32%, and weak AUD, I think it’s very attractively priced. Added 1600 shares of Telstra Corporation Limited @ AUD 3.185. Total shares held now is 2360. Added 4100 shares of First REIT @ $1.24. Total...

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Recent Buy – Yichang HEC ChangJiang Pharmaceutical & Dali Foods Group Co Ltd

Bought 800 shares of YiChang HEC ChangJiang Pharmaceutical @ HKD 35.65 yesterday YiChang HEC ChangJiang develops and sells pharmaceutical products in the therapeutic areas of antivirus, endocrine and metabolic diseases and cardiovascular diseases. I like it’s high margin, growing revenue and low debt. It’s currently trading at around 13-14x PE. Bought 5500 shares of Dali Foods Group Co @ HKD 5.43 today Dali Foods Group Co Ltd is a snack food and beverage company. It went public in November 2015. The company has no borrowings and currently trades at 18-19x PE...

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Recent Buy – Indofood CBP Sukses Makmur & Telekomunikasi Indonesia

This is a late post. During the sell-off in Asia & emerging markets, I bought some Indonesian stocks on 3rd September 2018: Bought 6200 shares of Indofood CBP Sukses Makmur @ IDR 8,700.00 Indofood CBP Sukses Makmur is a consumer staple company, well known for their instant noodle: Indomie. The company major stakeholder is Anthony Salim, who is one of Indonesia richest man. Their revenue and earnings had been growing year by year and they have low debt. Bought 15400 shares of Telekomunikasi Indonesia @ IDR 3,510.00 Telekomunikasi Indonesia is the largest telco in Indonesia with Indonesia government as...

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August 2018 – Yaruzi’s Portfolio Update

Bumper dividends continued in August, and I received $2,537.50 in total dividends . I watched an interesting insights from a research analyst who warned about financial engineering done by companies. Through share buy back, companies gave false impression of increasing profitability and paid more dividends. All this made possible due to “cheap” loans by central banks globally inflating their balance sheet. Closer to home, it reminded me of Starhub who took loan to pay dividends. Recently they announced a new CEO. However even if he changed the company strategy, the result would not be immediate.I grew uncomfortable with companies...

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Recent Buy – ST Engineering and ComfortDelgro

Bought ST Engineering 1500 shares @ $3.35 and ComfortDelgro 2200 shares @ 2.31. My equity holding was at 34.59% of the total portfolio. Based on a pre-defined allocation goal, I need to increase my equity holding to 40% at the current market level. So I was doing some research over the weekend and shortlisted ST Engineering and ComfortDelgro as good candidates to add. They’re selected because I considered them defensive, less volatile, offer decent dividends, and have relatively low debt. I personally think the market valuation is rather frothy at the moment, especially US, so I’m positioning my portfolio...

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July 2018 – Yaruzi’s Portfolio Update

It’s been 7 months since the start of year and my portfolio has remained flat throughout. I injected $4,000.00 fresh fund into the portfolio and total portfolio value was $676,150.53 as of end July. Return YTD was 0.77%, XIRR YTD was at 1.36% and XIRR since inception was at 5.73%.   Equity allocation was at 34.59% with the rest in short term bonds and cash. My allocation rule will need me to increase equity holdings to 40% at the current market level. This mean I will have some room to add to my equity holdings. I’ve been busy at...

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May & June 2018 – Yaruzi’s Portfolio Update

I was taking a 2 week break from work during the children school holiday. I was grateful that we’re able to spend time with our extended families. I was enjoying the break that I even forgot to look at my portfolio and updated my blog … :-). I learnt that the greatest blessings a man can have is not fame, fortune or long live, BUT a loving God and loving families. It was sad to read how successful men and women ended their own life, eventhough they seemed to have everything according to the worldly standard.   So here...

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