Cory Diary: Rude Awakening - Sarine Tech

Sarine Tech has been slumping since end 2014. If a stock is to fit into low can get lower, this maybe the one. This stock has been on my radar for few years.

What so interesting about it is that it has unique technology and kind of "monopoly" on the diamond cutting segment. A world leader in diamond cutting technology. This seems to have a strong moat so how wrong can it goes on fundamental. It is also on one of Edge selected stock before. There are so many pluses to invest in.

Temptation was pretty high to have a stake in it but I did not and missed all the opportunities at 1.8, 1.6, 1.5 etc.... as i feel something is not right. I could not connect the centuries old manual cutting, india, isreal, london market and diamond trades.

This morning i saw it slumped more than 10% erasing all the gains since 2013. That's the danger of stock investing and why one must do diversification. Even with that, ones have to be careful with ones own money even if is just 1% of your net-worth.

 It will be nice to hear views from those who are still vested. Fundamental, Market and current situation. What's the hell is going on as the story of the business sounds good. Trade with care my friend. Invest with care double !


Cory
20171011

Cory Diary : XIRR Performance - Interim Q4 2017 Oct Update

Is  way past Oct'17.  STI rides backup again. Below table is my Interim result.  Interim Q3 on link here. My investment life returns moved 0.1% lower down to 7.1% with passing time since I need increasing profits to maintain the score till year end.

STI YTD beats me today with 14.3% score.... . However my bottom base XIRR End of Year still moves up. It will be 12.6% year end if profit same at year end for annual comparison purposes.

There is some buying/selling but they are little changes . I did some shift to stronger fundamental companies allocation and on way to create a wider robust base for next year profit probability.

Current Investment sector as follow. Reits/Trusts only about 1/3 however they make up 2/3 of this year total return.

Cory
20171009

Cory Diary : Portfolio Updates 20170916, STI Comparison

When 5.05 pm hits yesterday, STI ended lower at 3209.56 which is sweet and bitter. What this mean is STI has performed 11.4% increase ytd excluding dividend. Is a little bitter because if you look at the chart below STI Index is one of my larger position. Interestingly my XIRR excluding "Fixed Income" hits 12% finally beating STI if we exclude dividends. No prize for my next milestone.

There is no fresh fund injection since last withdrawal in April. I do not foresee fund injection till end of year. Trading has been curbed some. However as I may have stated previously, a goal for my dividends to cover all of my monthly loans will be a nice target to hit. Is already Sept and it will be nice if I have a concrete plan into next year strategy. Things in my minds.

• What stocks may run up ?
• What Stocks to keep for dividends ?
• What counters to minimize volatility ? 
• What fund size to target ?
• How will Local market perform ?
• What sector i should focus in ?
• What currency to be heavier in ?
• What to cut loss ?
• What to take profit ?
• What to diversified

Cory
20170916

Cory Diary : Recent Trade Actions 20170903

The market has been a little boring. I try to fill my time and not subject myself to unnecessary trades which has been creeping into my profits which currently cost about 0.6% of my portfolio.

So what I did ? Has been active recently on my "Retirement Hobbies". Realized that I have been circling around them after grown tired after a period of frantic activities. :-) One of my hobbies that I have been in it hits more than 20 years i think. Sorry I don't keep track of them like what I do on my trading.

C. sodalis

Did a major clean up using Soda flour and Lime powder to massage the glass. The Aquarium tank looks as good as new.

There are two new species I bought recently. C. sodalis. A very shy fish species. The other C. duplicareus. Apologies for any mis-spelling. One of my favorite.

C. duplicareus

As for my recent trades,


LMIR

Cleared my holding in LMIR. Reason being i have less time to monitor the coming volatility of it. Another being I have 13% returns from it this year which is a good time to lock it.


DBS

Start vesting in small amount. Still wary on the strong STI. However this help to track a little closer to Index which is still far from it.


CAPITAMALL TRUST

Has moved up to my expected level. Excellent run since I last blogged a few times on this Reit. The return and future expectation are intact. To manage my exposure, I reduced some but is still my core holding.


Lastly, Singtel entered some correction phase. I did nothing. I also notice NetLink NBN Tr has held up well after stabilization period. I did some other counters trade as well but will blog when i think of it. To end it all, my Xirr non-fixed is around 11.6% this year return alone. STI 13.8% excluding dividends. So I am just a little shy but am still happy it stays this way till year end.



Cheers

Cory
20170903

Cory Diary : North Korea Crisis on Stock Market Volatility 2017

During April this year I wrote about non-financial crisis events have minor or short term impact to stock market. To refresh memory here's the ( link.)  Chances are this North Korea War on Words will come to past. While there maybe a small chance on Nuclear Black Swan Event, this is rather hard to predict as we are dealing with two egoistic adult humans.

What I did ? I have to stay invested as dividend investor but did some re-balance on my portfolio. Raised some more cash for opportunity. YTD my dividends have hit $30K. So getting the last $10K may not be impossible task with reduced exposure.

Another reason is after hitting 10% gains this year, I like to gain some buffer to reduce the trough in my cyclic returns across the years even though they are trending up. Hopefully this will give me better results. Here's the link on my annualized returns wrote in Jun'17 ( Link ).Time will tell.


Cory
20170812

Cory Diary : XIRR Performance - Interim Q3 2017 July Update

July month just pasted. We have 5 more months to go. As everyone know, STI has been on winning streak this year. People who are wholly invested in banks expected to record significant gains. How I do so far without investing in them this year ?

Below table is the Interim Q3'17 July result. A further improvement from Final Q2 on link here.
My investment life returns moved up to 7.2%. I thought this is nice despite laden with PS and Bonds.

STI YTD further it' gain to 15.5% so despite Cory returns of 12% YTD, I am still in catch-up mode ..... but the picture is a lot better than start of year with an expanded portfolio from past years. This is also mitigated by Core holding STI ETF which I would not sell easily.

Results were mixed across the portfolio else I would have leveled against STI. Fortunately a number of speculative contra trading helps to improve. Dividends wise, moved up to about 30K for this 7 months. So you can do a rough estimate on my portfolio and gains . :)


Reits
Generally they did well. I have not much complains. Allocations still need some fine-tuning probably. Yield range between 5%-8%.

Neratel
Neratel is a new position. However the result down due to tax. This is a little unfortunate else I would maintain my recent found gains. I still has some confidence in them but we need to watch closely.

Design Studio
The quarter result doesn't look good. Fortunately I locked in some gains (link) which kind of act as a good buffer for the down side. The half year looks so so, again stay nimble.

Singtel
Manage to hold off ok after Ex-dividends. I look forward to reduce debts or better revenue improvement instead of special dividends. So the withholding of the cash from netlink trust ipo for business needs I think is a good move. 


Cory
20170806

Cory Diary : Sheng Siong 2Q'2017

Is another profitable period for Sheng Siong. Last time when I blogged about this Supermarket ( link ) on 23rd Feb'17, price was $ 0.955. It moved up to $1.005 before recent Amazon news pull down the stock before recovering at $0.96. There was a div in May'17 of $0.0185. So theoretically speaking, without this news it would have hit more that $1.005 after report.

If Amazon market segment target is Sheng Siong ones, I think it will be a mistake. So I am not so worried about it.  The impact will probably be more on the branding against existing online retailers and certain extend on Super Market like Cold Storage. So i dip for a little more on low.

Dividends

"Declared interim dividend of 1.55 cent per share". Last August it was 1.9 cent. Therefore a reduction. I did note this statement. "After paying the final dividend for FY 2016 in 2Q2017, cash and cash equivalents increased by $6.2m to $69.6m as at 30 June 2017."


Growth

My take is the next few quarters will be more retail space for growth so we will see stronger rev. There maybe a dip due to woodland after closure but if there is, will likely be temporary. From Sheng Siong results presentation, Woodlands closure is now by Oct which means next report 3Q'17 may not have large impact from it.


Risk 
The next level of risk is the China investment. US$6 Million investment. 


DYODD.
Cory
20170729

Cory Diary : Recent Trade Actions 20170726

STI has been almighty this year. And i start reviewing my portfolio for more stringent safety.
The changes are on my personal trades and those that I can remember offhand. Please DYODD.



HYFLUX 6% PCS

With the run-up this year on this Pref shares and the profit guidance just announced, I decided to clear my little holding I have for 10% returns this year. Net for this counter is slightly negative. The catalyst possibly the sale of Singapore Plant but I decided not to wait.


NetLink NBN Tr

I have expanded my holding in this counter. My take is that annualized yield is reasonable and good cash flow (FCF) should be good for coming quarters. The ducts have long service life and cables probably good for long term. Therefore the depreciation of asset is more for accounting and no impact to FCF. The risk of technology is there but I think is low. Monopoly in retail market is a good plus and the recurring income is nice. Returns of more than 5.x% is good enough.

Cory
20170726

Cory Diary : CAPITALAND MALL TRUST 2Q17 ( CMT )

Here's the headline today

"CMT 2Q 2017 net property income up 1.2% year-on-year Achieves higher distribution per unit despite closure of Funan for redevelopment"

DPU within expectation. The threat of online shopping on CMT has been mute which has many strategic asset locations to benefit from. Before the result announced, share price has climbed up to $2.00. And Investor will have another quarterly distribution. At current price, is about 5.5% stable yield which is way better than fixed deposits and ofcourse with different risk level. But frankly, if we cannot accept (except) CMT risk, there is not many stocks we can invest in.

The MOS and Catalyst will be Funan. And again management statement on continuing to focus on sustaining DPU is the right one that I agree with because there is good chance it can go lower in 2018/2019 considering the macro environment on malls and the larger leases renewal before Funan is ready. The question is if it does, how much ? Do we buy more in stages (cheaper ?), do we take profit/cut loss or do nothing ? To me ability to sustain is already a good achievement. I also note that shopper traffics are still there and this is good for CMT malls.

Ex-Div in 27th July'17. Collect Dividend first lah. Think later.


Cheers

Cory
2017-0721

Cory Diary : Recent Trade Actions 20170719

Here's another post on my recent trades but not all I can remember. The last time i post is here link. I try to stay as accurate as i can remember.


ASCENDAS REIT

I have managed to build back and more such that it has become one of my reit core holding. Using my basic TA skill, i thought 2.57 is a nice entry point but I start to dip for it at 2.62 and 2.58. I did sell some to resize my investment amount at 2.63. It now occupies 4%+ of my non-fixed equity. I am so glad to be back and with good 4 digits trading profit buffers. This investment is to plan for my next year returns and support of 6% dividends from it.


OKP

Did a punting on OKP when it dropped but miss the bottom in seconds. ( angry )...  so sold off my holding with some kopi money. I am not familiar with the future impact and feel MOS may not be good enough. This trade is basically for trying.


GLP

If you may know, I profited from recent takeover of GLP. This one is s bit of nerve. I have 12 lots originally. When it dropped to 2.76 prior to the announcement i sold 4 lots to re-size my exposure. Fortunately or so otherwise, the Offer is good. I benefited from the 8 lots remaining. And some from profits from the 4 lots sold. Not too bad for some one who is late into the GLP game just this year. 20% returns for a red dot speculation trade.


Design Studio

My exposure in this counter is quite large. I took some profit when it run up so that I can sleep better. This counter is still quite good considering the 10% dividend level and the company expected to run ok. Don't ask me can the performance be sustained. I don't know, and I am still vested. Just stay nimble I guess.


Cory
20170719