Thursday, April 18, 2019

Apr 19 - Portfolio & Networth Update

No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
Starhill Reit
377,000
0.755
284,635.00
30.0%
2.
Vicom
  31,300
6.79
212,527.00
23.0%
3.
Netlink Trust
236,000
0.835
197,060.00
21.0%
4.
First Reit
152,000
0.98
148,994.00
17.0%
5.
The Hour Glass
106,900
0.80
  85,520.00
  9.0%
6.
Far East Hospitality Trust
    3,000
0.67
    2,010.00
  1.0%
7.
Ho Bee Land
       300
2.53
       759.00
  1.0%
8.
Warchest
    1,000
    1,000.00
  1.0%
Total



932,505.00
100%

Greetings from JB!!

We are on a long weekend for the Easter week so I decide to bring my family to a nearby getaway to our neighbouring countries for some quick hit shopping, eating and playing time.

I was just catching up with fellow bloggers Thomas from 15 Hour Work Week and Chris from Tree of Prosperity two days ago over lunch and we talked about M Bison from the Street Fighter series and look what I've got in our Airbnb apartment! A Game Console!

Muahaha, I am surprised I still remember the special moves by all the character, including the famous M Bison
Back to the portfolio updates now.

April has been a very good month for investors because the stock market continues to go up and most if not all my portfolio has benefited from the upward trend moves.

Two of my biggest holdings, Starhill and Vicom, have been doing superbly well this year so they are the main contributor to the increase again this month.

I have divested Manulife Reit at USD 86.5 cents because I think the general valuation overall is rather fair and I wanted to reduce my over-dependence on Reits which is taking the majority of the portfolio before the divestment. Looking at how Kep KBS reported good Q1 results and outlook recently, it seems like there are still room for the US commercials to go up.

With the proceeds, I took an interesting position at The Hour Glass, which I averaged a couple of times from 70 cents all the way to 74 cents, accumulating a total of 106,900 shares in the process. This is after the big move which seen big institutional play coming in on this stock a few weeks ago.

This is a relatively short term play because YTD results have been doing really well with margins marginally up to 25% from 24% last year but revenue line also increases. My estimation for FY earnings is THG will end the year with EPS around 9.3 cents which if we give a valuation of 10x PER, the target price will be around 90+ cents. 

The share price has been up a few good times this week so my position is already up around 9% as it closes at 80 cents today, but between now and FY results I suspect there is another 10% upside.

On a smaller update, I took the DRIP for my Far East Hospitality Trust last quarter dividend which is priced decently att 63 cents. This is the reason why you see I have 3,000 shares in my portfolio. Since the amount is too small to make any action, I'll just leave it there for now.

Networth Update

The portfolio continued to do well this year, which is up again from the previous month of $900,096 to $932,505 this month (+3.4% month on month; 29.8% year on year).

This is the 16th consecutive record month that the portfolio has broken a new record high.

I am coming due soon for my sabbatical D-day in May so I've got to make every returns count now while the bull lasts.


The hardest part being involved in the bull market is the expectation as investors we are giving ourselves to be performing better than the index.

To date, the return has been satisfactory as it is performing better than the index so I can't ask for much more (i.e, if the stockscafe statistic is correct. I've had friends in my chatgroup who disputed the ES3 returns to date to be incorrect).


Next month will be interesting because we are in for a "Sell in May and Go Away" period so we don't know if the market will fall for that legendary trap but we'll have to cope and see.

Meanwhile, have a great long weekend and enjoy and celebrate the Easter this weekend.

Thanks for reading.

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9 comments:

  1. Congrats on another monthly increase! Out of curiosity, what will you do if the market crashes during your sabbatical? Decrease spending? Go back to work? Both?

    ReplyDelete
    Replies
    1. Hi WGM

      The sabbatical has no association with whether market is going to crash or not. The sabbatical is dependent upon a special savings fund used to tide over the entire sabbatical period until end of the year. In the longer run, the goal is to depend more on dividends. During recession, the objective is to make as much return as we can by taking an opposite direction of the market.

      Delete
  2. Hi Brian. Your warchest seems to be always at $1000. Do you stay invested as much as possible throughout?

    ReplyDelete
    Replies
    1. Hi Boonhow

      Yes for as long as I see opportunity. But I can go from 100% invested to 0% invested within a single day if I no longer see opportunity and the need to divest at some point.

      Delete
  3. Hi B

    Congratulations.

    1 million is just a corner away! =)

    ReplyDelete
    Replies
    1. Hi MIM

      Haha thanks for your early encouragement.

      Delete
  4. Hi

    What are your thoughts on First Reit? :)

    ReplyDelete
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