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Dividend Warrior’s 1H2020 Portfolio Update – Road To A Slow Recovery
By Dividend Warrior  •  July 7, 2020
 
Top 10 Positions as of 30 Jun 2020
 
 
Warchest
Portfolio Cost: S$488, 490 Portfolio Market Value: S$ 606, 435 Portfolio Overall Unrealized Profit: S$117, 945 (+24.1%) Portfolio YTD Returns: -1.75% Dividends Collected (1H2020): S$12, 885 Current Warchest: S$52, 457 (*All figures are accurate as of 30 Jun 2020) Portfolio Actions in 2Q2020:
  • Accumulated 200 shares of UOB at $20.76
Well-Prepared To Ride Out The Storm  Like most businesses all over the world, banks faced serious COVID-19 headwinds during the first half of 2020 and would probably continue to do so in the coming quarters. Earnings projections should be lowered in 2020-2021 due to reduced NIM and negative loan growth. Overall business sentiment is expected to be poor for the rest of 2020. The saving grace would be the private wealth segment. I re-invested my dividends by accumulating UOB at $20.76, which is below its NAV of $22.32. UOB enjoys a larger revenue exposure to the ASEAN region compared to DBS and OCBC. Besides, I am happy with my current allocation on DBS and OCBC,...
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By Dividend Warrior
A mid-30s dividend growth investor living in Singapore. I am a simple man with simple needs.
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