Saturday, March 6, 2010

Portfolio Update (6th March 2010)

I purchased 31 lots of Aztech at the price of 23 cents. Aztech will be put into my dividends basket for its 7% yield, although I'm in it for growth investing as well. It's a mixture. Having just crossed the $500 mark in terms of average monthly dividend amount, this purchase pushes the average further upwards.

I've now 8k opportunity funds left. Dividends from CCT and Starhill amounting to $417.80 have been received and transferred to my Philips money market fund. Dividends from CitySpring and GRP should be coming soon, amounting to $396.50. The interesting thing is that Hor Kew, my not so good buy is actually more profitable in 2009 than 2008, and has increased its dividends to 0.25 cents from 0.15 cents. Thus, I shall be receiving $75 in dividends from it soon, a sort of consolation as I wait for it to perhaps eventually rise higher.

I'm considering to use these funds to perhaps buy MapleTree Logistics Trust for its dividend yield. My main concern would be if I'm over stretching myself and my limited funds across too many counters, although to me, purchases made in SPH, Starhub and ST Engg are pretty much brainless and require much less of monitoring since these are extremely defensive stocks.

Dividends Basket -- Mainly for dividends
6 lots of SPH @ 3.65
6 lots Capital Commercial Trust @ 0.84
13 lots of CitySpring at 0.51 (7 lots from rights)
2 lots of ST Engg at 2.28
20 lots of Starhill Global Reit at 0.525
10 lots of Starhub at 1.900
26 lots of GRP at 0.20
31 lots of Aztech at 0.23

The total cost here is about $80k and the expected average monthly dividends is about $544.

Investment Basket -- Mainly for capital growth
5 lots of Breadtalk at 0.37
2 lots of Capitaland at 1.64 (averaged down by selling 1 lot at $3.50 before)

The cost price is about $5k here, with market now pricing these at about $11k now.

Trading Basket -- Hoping to sell off 
(red = freezer stocks to remind myself of my mistakes)
30 lots of Hor Kew at 0.125
20 lots of LC Dev at 0.21
2 lots of Cosco at 2.67
60 lots of Berlian Laju at 0.117
20 lots of China Sky at 0.245
4 lots of Singtel at 2.99


  1. Hi JW,

    Maybe you can consider cutting loss on the RED portfolio and re-deploying the monies to more promising companies? Otherwise, it's a sunk cost and will serve as "deadweight" to the portfolio.

    I know it's not easy but a thorough review must be undertaken to weed out the "unworthy". Haha.


  2. Hi MW,

    I did think of it in Jan 2010 when the paper losses were actually much smaller, but considering it is still a 'recession' and that the companies (like Hor Kew) are still profitable, I guess I would wait first.

  3. Hi JW,

    I have a frozen portfolio as well to remind myself of my past mistakes. :(


  4. Hi AK71,

    I have read that before on your blog. Good read! :)

    I read quite a bit around different blogs... and I really like your views and posts...

  5. Wow interesting story! :)

    Mapletree Greater China Commercial Trust: How will the court decide over Gateway Plaza loan claim? - We don't know – that's up to the court. But pending litigation in Supreme People’s Court of China could well be the most happening thing for the Trust in coming months. Along with property cooling measures. http://www.investorcentral.org/show_text.php?textid=17492


Please Comment >>