Cory Diary : Summary of 2016

We have Trump elected and Stock up. Continuing Oil crisis but a pickup of the Banking sector. Survived a retrenchment exercise and have a larger team. We have a shock during Bre-EXIT but market climbed back quickly erasing all the losses. Oil Price moves above $50 due to OPEC Agreement. We have weaken Gold Price of $1159. S$ weakened to support internal factors which is really good news at current scenario for Singapore.

Every year I have an investment plan for next. This year is different. I have yet thought through.
I need to read and travel more to think about it I guess :)

On Personal front for 2016,

Dividends Income
Dividends Income hits as expected. (updated for privacy)

Bonds
This year also mark my first foray into SSB of roughly 2% effective returns. This does lower my overall investment yield but gives a broader income base to complement my fixed deposits and loan repayment redundancy needs. For now, this works well as long as I am working.

Equity
XIRR is 4.3% which is lower than my earlier months mainly due to lower share price in a number of blue chips. While this still beats STI negative returns largely I feel my investment can do even better. Nevertheless I did well in avoiding major losses. Notably two of them are Starhub and MTQ.

Salary and Bonus
Nice adjustment this year and a relatively strong bonus. Nothing to shout about but again thankful for what has been given as they don't come free and easy.

Despite all given, what I am most grateful is that my team members are in Good Health and Happy.

Thank you God for all the Blessing.
Happy 2017 !


Cory
20170103

Cory Diary : Sabana Reit

The purpose of this article is to share the danger of the stock market. The game is not fair.

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust


(updated for privacy)  It was darling in the market with it's high yield. I even named it as one of my retirement counter. And then when the master lease issue comes in, I found something a miss.

Started with reducing exposure and then a complete cut loss. From the tip of 1.37 top price, my final cut loss is at 1.055. That's - 22% which is a little late but never late than never. The share price continues to slide down to below $0.50. Losses would have ballooned (updated for privacy)  instead of just $1,442. Never look back again. (updated for privacy)

That's the SHARKS in the market retailer have to be aware. The game is not fair and we need to be on constant vigilant of such as it is worst than casino.


Transaction records below.

Date	Price	Trans	Shares	Trans Value	Comments
28-Dec-12	$1.135	B	30,000	($34,158)
9-Jan-13	$1.155	B	10,000	($11,587)
18-Jan-13	$1.160	B	20,000	($23,274)
23-Jan-13	-	D	-	$1,446	Dividend
1-Apr-13	$1.275	S	20,000	$25,419	Quick trade
23-Apr-13	-	D	-	$964	Dividend
28-May-13	$1.310	B	7,000	($9,201)
30-May-13	$1.240	B	7,000	($8,711)
31-May-13	$1.225	B	16,000	($19,662)
3-Jun-13	$1.215	B	10,000	($12,189)
14-Jun-13	$1.140	B	5,000	($5,730)
19-Jun-13	$1.190	S	7,000	$8,299	Quick trade
23-Jul-13	-	D	-	$1,872	Dividend
19-Sep-13	-	D	-	$1,716	Dividend
23-Oct-13	-	D	-	$140	Dividend
22-Nov-13	$1.085	S	28,000	$30,283	Reduce Exposure
27-Nov-13	$1.090	S	10,000	$10,865	Reduce Exposure
23-Jan-14	$1.055	S	40,000	$42,066	Cut Loss
				($1,442)	Loss include Trans Cost

 Will I trust the management again ? Will you ?

Hard Earn Money leh ...

Cory

20161222

Cory : Singtel

Realistically speaking I agree with Singtel that there is no need for 4th Telco in SG. The reason is pretty straight forward. Neither M1 nor Starhub are credible competitors to Singtel. So what makes us think an addition of 4th or even 5th will helps bring competition to the table ?

If Singtel want to gobble up the whole SG market, they actually can if we truly believe in free market logic. Singtel wouldn't unless they prepare to face the wreath of the regulator and residence. Their strategy will be such as to secure just enough market share while the rest fight among themselves for the remainder. And that's what will happen when the 4th comes in. Which is why the scenario is so bad for M1 and Starhub.

The market will then reach a new equilibrium, and rates will then slowly returns to norm. They can do a 5th or 6th ... it doesn't really matter to Singtel being a regional wide telco.

The above Logic make sense till TPG comes in later into the game. Having a strong FCF in the Australia Market, this pose a serious challenge to Singtel domination in Singapore. I can sense the Singtel CEO no longer smiling as she may have to battle TPG in both fronts. Nevertheless Singtel is still a huge force to reckon with considering TPG FCF could also be significantly dented if Optus do something.

One thing for sure, the journey is not going to be fun for M1 and Starhub.


Cory
20161219