Saturday, July 31, 2010

July Portfolio Update

July was rather bullish. Sometimes, I wish it wasn't so bullish so that I can buy stocks that give good dividends on the cheap.

As mentioned in the earlier STI technical update, I expect a 5th wave to be occurring. That means it is still bullish, but a terminal end could be near (not yet). I would have to be more cautious if I want to buy any equity.

July saw me doing 2 things, of which (2) I'm not sure if I have made the right decision.

1) I bought 5 lots of Keppel Green Trust at $1.14. I remember staring at it at $1.02, and hesitated for a while. Subsequently, it climbed back fast to $1.06 and then $1.13 since. From here, and also from staring at SP Ausnet at 92c, I told myself that next time, if I think I like the price, the dividends and what the stock is doing, I should just buy it. There's no point waiting. Instead, divide the accumulation into batches, and enter slowly.

2) I subscribed to Berlian Laju Rights issue with 30 excess lots. I went through the reports, both primary and secondary, and concluded that the it has the potential to be rather profitable in 2 years time, when the Indonesia Cabotage law kicks into effect in 2011. There's potential for this counter, but I expect some cap to it's price at 7.5 cents. Latest news is, the rights is undersubscribed, so I would end up with an average of 0.672. Will continue to monitor and escape when possible.

There's no dividends this month, but Starhill, CapitaComm, AIMSAMPIREIT and Aztech have all released the amount of dividends they are going to give. A tidy sum for me coming in August and September :)

A short summary of my core holdings:

Portfolio cost: $115060
Portfolio value: $137015
Percentage gain: 19.08%

My spare funds remains around $20k after adding K-green and Berlian Laju rights. As of now, the cost of my portfolio has finally reached $164k after adding Berlian rights and MMF units. $36k more to reach my FY2010 target. I need to work hard for it. My goals for next year would be more free time and thus, less earnings; so I better earn more this year before it ends.

Trading Basket -- Hoping to sell off 

I want to sell these off when I can, or cut loss when I can take the loss :(
Portfolio cost: $28270
Portfolio value: $18130
Loss of around $10.14k

(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  ===> After seeing how Berlian Laju behaves, I'm starting to like this stock, and might move it to part of my core holdings eventually. I will need some more time to read up more here.
150 lots of Berlian Laju at 0.0627
20 lots of China Sky at 0.245


  1. Hi JW,

    GRP's closing price was 22c and not 23c. Just a short note as I have GRP in my portfolio too and have reflected it as 22c for July's Portfolio review.

  2. Hi JW,

    u might want to take a look @ TRANSIT-MIXED CONCRETE LTD, giving 10% dividend yield.


  3. Hi MW,

    thanks! Guess I was too rushed, and forgot to update for this stock.

    Been extremely busy recently. Students are having their prelims soon, and I'm trying my best to create new notes for their last minute revision. My sleeping time is reduced by quite a fair bit... :x

  4. Hi bookeeping,

    thanks for the heads-up. Unfortunately, I'm really too busy to look through any new stocks. Will only have more time nearer to the end of year.

    Thanks for visiting too!


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