My Funds Allocation as of 30 June 2019

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

It has been a while since I last update my blog. In this blog post, I will show my overall funds allocation. The funds allocation only show my local stock positions bought with cash and does not show foreign stocks and stocks bought with CPF OA/SRS.

Allocation as of 30 June 2019

It is difficult to see the allocation of the individual items so I will summarize my top 5 positions below.

My local stock portfolio consists mainly of REITs and I am sure there are those who feel that I have over diversified into too many counters. Instead of buying REITs ETFs, I prefer to do my own research and buy individual REITs when their stock price gives a dividend yield which I am happy to invest in the company. As a shareholder, I am also able to attend the company's AGM to learn about the company's future prospects and hear how the Management answer tough questions from investors when they are not doing a good job. My CRCT position has grown quite significant compared to other stock holdings. My warchest is made of funds parked inside my top 3 positions. I will probably be buying more shares if CRCT issues Rights or Preferential Offering to buy 3 properties from it's Sponsor. At some point, I may have to reduce my stake in this REIT. I am still confident in the Management and believe they are going to do well moving forward.  On a positive note, I am finally seeing some light at the end of the tunnel for my Cache Logistics Trust's position. I have finally broken even for this counter with the dividends collected over the years. Likely could see a bump in DPU for upcoming distribution.

As a shareholder of  Challenger, I am quite disappointed with the company that they tried to delist the company at a "cheap" price. Hupsteel just announced on Friday that they are going to delist their company at $1.20 which represents a premium of 51.9% over their last transacted price of $0.79. This is a much better offer compared to Challenger's offer. Hopefully, Challenger could come up with a better offer if they wish to delist next year.

My dividend income received for the first half of the year is shown below.

P.S  - Wow! My first blog post in 2019. Time flies. Didn't realise I haven't update in quite a while.

My Stock Dividend Income For Nov 2018

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Stock Portfolio (Cash)

The following companies will be contributing to my Nov 2018 Dividend Income:

Among the companies above, I will be looking to accumulate more shares for Ascendas Hospitality Trust and SATS when the opportunities come. Looking forward to getting my money back from RHT Health Trust after the buyout deal. I am not sure if there will be any further dividend since the dividend paid was for the period until 30 Sep 2018. Hopefully, there will still be dividend paid to shareholders after the deal. I will probably stay away from healthcare related stocks moving forward. First REIT and RHT have not been good for my wealth and health so far. keke

P.S - Stay tune to my blog as I will be updating my annual dividend collected for 2018.

Will I Buy Asian Pay Television Trust's Shares?

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

The Figures

I like to check out a company's financial figures in SGX's website before doing further research into a company.

Screencap taken from SGX's website. I am not aware they have business in Singapore...hmmm

Payout Ratio More than 100% for a few years!! Can sustain meh?

Debt/Equity increasing over the years

The Business

Personally, I feel Cable TV business is a sunset industry. Millennials and those who are tech savvy are consuming content on the go or via other channels. This business segment is not likely to grow further unless they could produce original content (such as what Netflix is doing).

From my understanding, APTT offers 300 Mbps maximum speed for broadband access. I do not know what's the highest current speed available in Taiwan. I think the likelihood of broadband prices increase is very low. However, they will need to upgrade their equipment to keep up with Internet speed. There's other choices for internet access such as mobile broadband. 5G another potential threat? In Singapore, broadband prices has also been coming down over the years due to intense competition.

Companies that are technology driven has to be innovative and quick to react to changes in their industry. Remember Nokia? When other handset manufacturers adopted Android OS, they were still stuck in Symbian Era. Imagine if Netflix is still sending DVD or Blu-Ray movies by mail, would they still be around? Customers do not want to wait for days in order to watch a movie.

My Verdict

Even though the company could be undervalue from P/B and PE ratio perspective, I would avoid investing in a company which is operating in a sunset industry and doesn't have a turnaround story to tell.

I Did A "Share Buyback" Today

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Background

I previously wrote a few blog posts regarding SATS. My purchase price was $4.66. However, I sold off when the price hit $5.44.

Recently, the price has fallen. I am still liking the business and so I decided to buy back the 1000 shares which I have sold earlier.

Who Else Is Buying?

Is now a good time and price to invest in SATS? The company has been buying back it's own shares over the last 2 months. The price which they pay for is between $4.82-4.93.

Screenshot from Spiking

Both revenue and profit of the company is still growing. The dividend has also been growing over the years. Based on my purchase price of  $4.85, my dividend yield would be 3.71%. Even though the current yield is not exactly attractive, I am also looking for capital appreciation in this company. DBS gave a Buy recommendation today: link.

I Will Take More Units Please

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

I just received the DRP letter from Frasers Commercial Trust yesterday. The offer price is $1.3582 for each Unit. As the title of the post suggests, I would be taking more Units again. But is FCOT a good buy currently?

At the time of writing this Post, it has the lowest gearing and P/B among the commercial REITs with local assets in Singapore. P/B is 0.85 based on issue price of $1.3582.

AEI for China Square Central target to complete by 2H2019

Based on the recent DPU of 2.4 cents, I forecast the dividend yield for the DRP's price to be (2.4 x 4)/1.3582 = 7.07%. Alexandra Technopark's occupancy stood at 70.2% as at 30 Sep 2018. Hopefully, the occupancy would improve and give a boost to the subsequent distribution as Alexandra Technopark's AEI should be nearing completion.

My Stock Dividend Income For Oct 2018

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Stock Portfolio (Cash)

The following companies will be contributing to my Oct 2018 Dividend Income:

Some of the above companies are doing pretty badly currently. I would not buy more even if their price drops.

On a side note, I got a pleasant surprise last night when I saw the dividend news from Religare Health Trust. This will probably be the final dividend from RHT following their buyout. The recent result looks pretty bad. It might not be a bad idea to say goodbye to this company. Notwithstanding the bad result, this distribution from RHT would give a bump to my dividend income for Nov.

My Stock Dividend Income For Sep 2018

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

Stock Portfolio (Cash)

The following companies will be contributing to my Sep 2018 Dividend Income:

Huge drop in dividend income for Sep compared to last 2 months

Dividend Income increases y-o-y for Sep