Saturday, November 4, 2017

2017 Portfolio Update (Nov) and Cryptocurrency


  • 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

As of date of this posting (4 Nov), there is no changes done to my portfolio since my last update. Probably I have not found any good candidate counters to add, and just waiting to collect dividend income, Total portfolio gain was up about 17% since my last update. This was contributed largely from bonus shares received from UMS, and my average entry price is adjusted accordingly. This has become my 2-bagger, considering all the past dividends received.

On a side note, I have recently read quite a bit about cryptocurrencies, and am trying out trading BTC and ETH on the Gemini platform. The rise of the digital currencies have been phenomenal. Info about the cryptocurrencies are easily found online. You can read about how it works and technical terminologies such as Block Chain, Ledger, Decentralization, Satoshi Nakamoto, etc, etc, if you have not already heard and interested.

 
1 BTC is currently reaching the S$10K mark. Yes, I know that the digital currencies are not backed by anything, and its value is determined purely by supply and demand (AKA speculation).

So why am I trading cryptos instead of doing my usual income-invesing? Well, to put it in simple terms, the cryptocurrencies have caught my attention and brought out my curiosity and the trader in me before I started my income-investing journey (hence the name "AlcusTrader"). Hehe... You may think it as gambling, but I like to think of it as "hedging the crytocurrencies".

And how much am I risking? About 0.25%, in terms of my AlcusTrader portfolio cost. As of now, I do not foresee I will be further increasing my exposure, and have "written off" the capital for this at the minute it was transferred out. In other words, I'm fully prepared to lose all of it.

How is the trade going so far, based on the current price, I'm in profit of around 17%.. Basically, I'm just trading the BTC/ETH pair to increase the amount holding. I will still continue to build up my AlcusTrader income portfolio, but will exclude the cryptocurrencies in the summary as I do not think it as investing. I may do update on my crypto trading as and when there is new interesting updates.

Cheers!




Wednesday, October 4, 2017

2017 Portfolio Update (Oct)

 
  • 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
I have swapped ISEC Healthcare to Singapore O&G for my healthcare sector exposure. As of the date of posting, new counters added includes AVJennings and Fu Yu which was just bought today, making a total of 20 counters in the portfolio.

AVJennings is my first foreign currency-denominated counter in AUD. As I build up the portfolio, I find new challenges in keeping track of my portfolio performance. With the inclusion of AVJennings, the computations are now adjusted for exchange rate.


Tuesday, September 5, 2017

2017 Portfolio Update (Sep)

 
  • 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.

Tuesday, May 23, 2017

2017 Portfolio Update (May)

 
  • 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

Soon after I added my latest holdings (Keong Hong @ $0.5), it's price corrected further until the latest low of $0.465. I took the opportunity to average down and reduced my average entry to $0.4825.

Wednesday, May 3, 2017

2017 Portfolio Changes: Added Keong Hong (3 May)

It has been almost 3 months since I did anything to my portfolio. During these 3 months, the market has been in a bullish mood, especially in the manufacturing industry with stocks like Micro-Mechanics and UMS near their all-time high. In such times, stock picking becomes increasing challenging.

After going through my shortlist of stocks, I finally added Keong Hong Holdings today @ $0.5.



The financials summary are as follows:



EPS in 2016 was at $0.1508, down by about 6% from the previous year. But if we look at 2 years before, it's actually growing. Based on my entry price and FY2016 DPS of $0.035, dividend yield is 7%. Based on the numbers, dividends are easily sustainable as the payout ratio is only about 23%. P/E ratio is low at about 3.3, compared to its peers.

I think Keong Hong's strength is in its ability to work with well-known developers for projects through joint ventures. The recent JV for Seaside Residences with Frasers Centrepoint proved to be well-received.

While the thing about Keong Hong that I dislike is that its business is project-based, its order book is still healthy and stands at about $350M, based on its 2016 Annual Report. The company also announced recently that it is acquiring 60% of Hansin Timber Specialist as part of its long-term strategy to provide more diversified and recurring income for shareholders.

Friday, April 28, 2017

2017 Portfolio Update (Apr)

 
  • 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
 
Thanks to the coming long weekend with May Day holiday, I finally took the opportunity to do this posting for April's portfolio update. Seems that I am getting lazier due to work and family commitment ;P.  There is no interesting changes to my portfolio except waiting to collect my dividends from M1 this month.

There is a spike up in share price of UMS today due to the company's announcement that it has secured 7 projects in Asia, Middle East and S America worth S$13M. With its new business direction to diversify beyond semiconductor industry, these new projects suggest demands in it's new proposed water and chemical engineering business, and most importantly, mitigated its long-time key customer risk - Applied Materials, which contributed to about 80-90% of UMS's revenues.



Further developments to the M1 saga also helped to improve the valuation of my weakest counter, M1. With interested parties in the picture, it seems the buyout possibility could be higher now.




Tuesday, March 21, 2017

2017 Portfolio Update (Mar)

 
  • 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 no changes to my portfolio this month as of the date of this posting. Q1 this year seems to be bullish for my portfolio as the current unrealized gain reached close to 20% mark, helped by the Trump-rally and recently the M1 saga of a possible buyout.

UMS has overtaken QAF as my top winner once again, and is currently a 1-bagger if I take into account the past dividends received.

Looking forward to more growth and dividends! :D