Nov 21, 2017

Cory Diary : Portfolio Updates 20171121

With all of my counters result out, is time to do a quick peek of my Portfolio.

For the start, STI index went up crazy today and for the matter this year. If we include dividends, that 20% up at least ytd whereas Singtel lingers on despite higher dividend due to 3 cents special. A reason of my widening gap with STI Index. Having say that I still feel this Telco is undervalued. Hopefully the market will price it right soon.

Another disappointment I have is AGT. I always been wondering why there was a large unknown figure flickering in the quarterly report. Is probably the deposits redemption at play now. This is the unpredictable nature of equity investment even when we have confidence, to maintain diversification strategy. Prior to the result, I reduced my holding by 60% just to mitigate my risk or you can say "Take Profit" as it was additional purchase due to Jul/Aug lower level. Nevertheless 40% leftover do cause a drag in my portfolio.

Finally, my last pain is QAF. I did not reduce my exposure when it rebounded before the IPO cancellation. Need to remind myself again that Market do not care about what price I buy. It fluctuates to market sentiment and fundamental. Just not me.

Despite all this negativity, XIRR = 13.5% ytd ( excl. fixed investment ). (updated for privacy)

I have initiated small positions in SPH Reit and Singapore O&G.


Nov 8, 2017

Cory Diary : Is my Portfolio ready for the next leap ?

Read today headline ...

"Ex-HDB chief: Singapore must still aim for population of 10 million"

"He said planning without calculating the land resources available to support population growth could put us at risk of running out of land.

Dr Liu, who is also founding chairman of the Centre for Liveable Cities, added: "Before Singaporeans complain, they have to ask themselves: How long do you want Singapore to stay as a sovereign country?"

He is talking at Year 2100 but this bring back our whitepaper on the next leap in population. Yes, many people in different camps when we talk about population growth. We think of Singapore MRT .... haiz. I know Taipei for a long time and never once i encounter MRT breakdown. To be fair their line is younger by a decade and they did got hit by a major flood. Typhoon Nari flooded all underground tracks as well as 16 stations.

To me investing in Singapore equity means I see future in Singapore growth else I should go somewhere else. And planning must come in to support it. Is my Portfolio ready to ride with the population increase ? Don't miss the boat again ?