Thursday, October 3, 2019

Oct 19 - Portfolio & Networth Update

No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
Starhub (Short)
120,000
1.28
   153,000.00
8.0%
2.
DBS (Short)
    3,000
24.57
     73,710.00
4.0%
3.
HK Land
  10,000
US$5.50
     75,900.00
4.0%
4.
Far East Hospitality Trust
    3,000
0.68
       2,040.00
1.0%
5.
Ho Bee Land
       300
2.30
          700.00
1.0%
6.
Warchest
  
 1,360,000.00
82.0%
Total



 1,665,350.00
100%






Less:
CFD Leverage @ 2.8%


(158,000.00)

Total



 1,507,350.00
100%

This will be a quick update as we enter the last quarter of the year getting ready for again a new year up ahead.

There's only three updates this month that I want to make from the previous month.

The first is the Cash-Out Financing which I detailed in my post here by taking out an additional cash loan under the home equity financing.

The equity portion for the house is still very much in positive territory due to the TDSR rules implemented so I won't be overly concerned with the movement in asset prices. The asset will have to drop by 40% for the equity portion to be at breakeven. The GFC is a good stress test.

It is also very tempting to put all of those into a Reit that pays 9% dividend and just sit back and see how things go from there. But I don't think I'll implement it that way.

There are some ideas on what I want to do with the additional cash on hand so I hope to be able to update in the next month or so once it materializes.

At the moment, I probably can't and won't say out too much about the detail.



The second update is a short position which I took on DBS.

It's not a large quantum by nature and given the Oct volatility I wanted to take a short time-frame position in DBS to see if it will test the strong support $24 again. I'd probably close my position once it reaches there.

The third update is the unsuccessful Lendlease IPO balloting which I didn't manage to get.

I do not have the time to analyse the Reit in detail but there are a couple of bloggers who have comprehensively cover them so I tag along with their analysis when I ballot.

Apart from that, I am still monitoring closely some companies in my radar such as the likes of Dairy Farm, Bukit Sembawang but it pays to be patience when waiting for these companies. There are also no urgent compelling catalyst on these companies so let's see how the Oct month will fare by then.


With everything that's going on right now and projects both at work and off-work that I'm undertaking, things have been very busy that I have to run around and settle multiple errands.

Meanwhile, do keep a lookout for that opportunity in this market we might get some good deals over here.

Thanks for reading.

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7 comments:

  1. Hi B for the cash out portion, did you use a private condo to cash out? Don’t think hdb can cash out right?

    ReplyDelete
  2. "It is also very tempting to put all of those into a Reit that pays 9% dividend and just sit back and see how things go from there. But I don't think I'll implement it that way."

    EagleHtrust! lol.

    ReplyDelete
  3. With $1.5 million portfolio, it seems very strange to hold 300 shares of Ho Bee Land.

    ReplyDelete
  4. Hi, B
    It's saying Chinese tourists dispearing everywhere, how can EHT do well later?

    Hope you can enlighten me

    Thanks

    ReplyDelete
  5. Hey B
    Have you started deploying the huge warchest yet? With the US China Trade Deal is it a good time to start buying now? Thank you.
    Anon Andy

    ReplyDelete

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