- Note: P/L computation only takes into account the current holdings in the portfolio, and excludes capital gains/losses and dividends from divested shares, and commission charges/fee
There is quite some changes and actions done on my portfolio since the last update in May. Some of them obvious such as addition of new counters, while others not reflected such as participation in Netlink NBN Tr IPO which was unsuccessful, bought and sold post-IPO at the same price as I expected the support to fail after the price support lapses. We now know that it headed north instead. I also did some trading around my position in M1 which resulted in a lower average price.
New counters added include EC World REIT, ISEC Healthcare and StarHub. Although divested earlier in Feb when it announced dividend cut, I recorded the addition of StarHub as a new position as I think keeping accounts of old transactions will complicate my portfolio computations. In effect I am "writing off" the losses from the previous position.
ISEC's current yield is low, but I added it for some growth to my income strategy. StarHub is yielding about 6% with the reduced $0.16 DPS. I am not sure whether this is sustainable in the long term future, but I think Telco is still a relatively consistent cash generator, and with the current lower DPS, it is not as risky compared to 2016 when they dished out more than their earnings.