Monday, October 19, 2020

Oct 2020 - Portfolio & Transaction Updates

No.

 Counters

No. of Shares

Market Price (SGD)

Total Value (SGD) based on market price

Allocation %

Category

1.

Comfortdelgro

  80,000

S$1.47

   117,600.00

26.0%

Recovery

2.

Micro-Mechanics

  18,000

S$2.57

     46,260.00

10.0%

Dividend

3.

Tencent (HK)

       400

HK$560

     40,727.00

9.0%

Compounders

4.

Starhill

  90,000

S$0.44

     39,600.00

9.0%

Recovery

5.

Lendlease Reit

  55,000

S$0.67

     36,850.00

8.0%

Dividend

6.

Jardine C&C

    2,000

S$18.2

     36,400.00

8.0%

Recovery

7.

Bank of America (US)

       900

US$24.2

     29,830.00

7.0%

Dividend

8.

Alibaba (HK)

       500

HK$297

     27,000.00

6.0%

Compounders

9.

OCBC

    3,000

S$8.76

     26,280.00

6.0%

Dividend

10.

Yuexiu Trans. (HK)

  27,000

HK$4.60

     22,500.00

5.0%

Recovery

11.

Bank of China (HK)

  20,000

HK2.53

       9,035.00

3.0%

Dividend

12.

GA Pack (HK)

    9,000

HK3.20

       5,143.00

2.0%

Dividend

13.

Ho Bee Land

       300

S$2.24

          672.00

1.0%

Leftover

14.

Warchest

  

-

     20,000.00

5.0%

 

 

 

 

 

 

 

 

Less:

CFD@3.2%

 

 

(215,000.00)

 

 

 

 

 

 

 

 

 

Total

 

 

 

   242,897.00

100%

100%


Apologies for the delay in the October updates as I was busy trying out new visual things with my social media account which you can refer to here and here if you are interested. Do "follow" my social media account as there will be more frequent updates I will do to the account in the next few weeks, including some of the corporate updates and activities which I closely follow.

October has been a splendid month as the market went back into a volatile mode (particularly tech stocks) which means I get to play my trade position a couple times successfully during the month, earning myself a few good bucks which I used to add to my longer-term position.

First, I sold into one of my core position for Wilmar after it has confirmed the announcement of the listing of its subsidiary YKA. The market movement for Wilmar's share price has been unduly uncommonly seen in recent weeks, as it goes into huge market slides (not once but twice) despite YKA performing so well in its debut. The share price has been ranging between $4.25 to $4.75, with $4.40 seems like a stabilizer for a base position, so I took this opportunity to exit my position first with most of the "upside news" on the listing having been baked in. The next focus will probably turn into earnings season which I expect Wilmar to do relatively well.

I used this opportunity to also trade a couple of tech stocks during the recent correction, which I managed to buy and sell into a few tech positions such as Apple (bought more, then divested all), JD (bought more then divested all), and Crowdstrike. All three positions returned me a good > 25% returns within a space of a month, with the exception of JD, which gained around 48% across a span of 3 months.

I used the proceed from the funds to add to a new position for Bank of America, which I find they had a really solid Q3 recent earnings recently but were beaten down unduly from the market. BOA has not only managed to earn a profit of $5b in the quarter, but they have also managed to reverse some of the earlier provisions they made due to Covid-19, signaling that the worst is likely to be over. We should start to see a gradual stronger improvement right across from Q4 onwards. From a liquidity point of view, the CEO has also stated that they have never been stronger before since the Financial Crisis and that bodes for a strong recovery play as we edge closer to the end of the year.

I also added into my existing position for a recovery play for Singapore stocks - mainly doubling my position in Comfortdelgro, Jardine, and Starhill. I believe the three are still very much undervalued based on the currently ongoing development which I think will yield the highest return once a new development on Covid vaccine and phase 3 is announced.

The rest of the position remains relatively unchanged.

Networth Updates

The portfolio continued its strong month upwards trajectory by ending at $242,897, up from the previous month of $230,660.

It is still on track to hit the stretch target of $250k from the start of the year.

Given that most of the recovery play has not taken effect yet, I'm cautiously confident that the portfolio can outperform even better in FY2021 when the market starts to rotate into recovery stocks.

With the election just weeks away, Nov will look to be an interesting month once again and one which I will follow the development very close to the tail.

Cheers and stay invested!

Thanks for reading.

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12 comments:

  1. I was sorely tempted to buy BOA as well, but I didn't. Grabbed a load of Berkshire B instead. BOA a better price, but Berkshire B has the diversification I want from a long term hold. Good work!

    ReplyDelete
    Replies
    1. Indeed, Berkshire is a probably a good low double digit yielder in the longer run due to their massive component with Apple which also makes it a closer correlation with Apple shares but for long term hold probably safer to hold Berkshire funds.

      Delete
    2. Recording success in cryptocurrency Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $9000 support level once again ad this is likely to trigger a possible move towards $12000 resistance area However , it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with total investment daily signals and strategy, his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 4weeks of trading with his daily signals growing my 1.5 BTC to 6.7 BTC. total investment daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him. He is available to give assistance to anyone who love crypto trading, you can contact him on WhatsApp:+1 (646) 4810376  and  : totalinvestmentplatform@gmail.com /// Visit Website:  https://www.facebook.com/101745678391674 ;      for inquires and profitable trading systems. Bitcoin is taking over the World  

      Delete
  2. Wah, your CDG is huge now after doubling up :)

    ReplyDelete
    Replies
    1. Haha yeah, gearing up an unloved stocks no one wants.

      Delete
  3. Hi! Can you explain abit more about your CFD component relation to your portfolio ?

    ReplyDelete
    Replies
    1. The Cfd component is essentially a margin leverage play which is currently being used to boost the amount of shares held but not with actual cash. There's an interest component charged for that so not suitable for long term holding.

      Delete
  4. Hi,
    for BOC as part of your dividend play wouldn't the WHT eat into your profits?

    ReplyDelete
    Replies
    1. It's wrong. It should be a recovery play thanks for pointing it out.

      Delete
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    ReplyDelete
  6. Recording success in cryptocurrency Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market after successfully defended the $9000 support level once again ad this is likely to trigger a possible move towards $12000 resistance area However , it’s is best advice you find a working strategy/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with total investment daily signals and strategy, his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 4weeks of trading with his daily signals growing my 1.5 BTC to 6.7 BTC. total investment daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him. He is available to give assistance to anyone who love crypto trading, you can contact him on WhatsApp:+1 (646) 4810376  and  : totalinvestmentplatform@gmail.com /// Visit Website:  https://www.facebook.com/101745678391674 ;      for inquires and profitable trading systems. Bitcoin is taking over the World  

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