Cory Diary : Cory Portfolio Re-balance - aftermath of MNACT sale

Cory Portfolio Re-balance

Mapletree NACT is one of Cory Striker and Dividend producer. One of Cory Core position in the portfolio. However the Black Swan event in Hong Kong provides some jittery to Cory fragile heart. After a black eye, decided to release it for better nights and securing profits. The pain is felt as not only Cory needs to look for growth compensation but also dividend support. At the same time to mitigate the risk.

To cover the gap, four new / add positions are made. Namely,

Sph Reit - Average Dividends Stability
iReit Global - Strong Yield with high level risk. Small position.
Vicom - Average Dividend Stability and Strong Defensive (expanded significantly)
Aims Apac Reit - Good Dividends with slightly higher risk

follow by sale of Sheng Siong. Long time lover who provided 5 years of good returns.

What an exercise ! Thank you Hong Kong ! I will be back when time is ripe.

Further investment is made to further expand existing STI ETF and DBS allocation for longer term investment on lows. This significantly protects the portfolio when dividend stocks slowed down and STI ignited recently.

Lastly, further expanded Ascendas Reit to the right proportion to other Reits lifting the theoretical dividends to $51k for Year 2020 positioning. Yes, is time to prepare. Have you ?


Cory

2019-0914

Cory Diary : Asset Allocation Review 2019-0913

The Asset grows about 1.6% from a month ago. Last reviewed asset allocation - here. This is an update with recent changes. Incorporated some feedback from fellow investors and did some adjustments. Now my Asset is a more effective team ! 

Saving segment % wise has come down despite moving dividends to it.

Equity seen larger percentage increases due to growing portfolio from returns and some cash injection. MMF no longer grouped here.

Fixed Deposits increased markedly from more placements and with MMF addition as it is earning reasonable returns. 

Cory

2019-0913

Cory Diary : All Time High !

6th Sept 2019 is a bit special in the morning hours. Cory Portfolio reached an All Time high (ATH) profits (updated for privacy)  when just recently reported returns. Another 12.8% gain. This is the result of a few key stocks reaching all time high (ATH) as well. Before we start congratulating, as soon portfolio hits ATH, the market turns for the worst and ended up lower than it started .... sian ... ....

With funds still available, I am browsing through 5 stocks of interests in which 3 has hit ATH that day. The other two I may mention them some other times due to limited time. So for today, they are namely FCOT, Ascendas Reit and Mapletree Ind Tr.


FCOT - Hit $1.7 but ended lower $1.64. A -3.5% down swing for the day. Seldom we see such movement as large as that day. One of the key reason is the 1.7 psychological level. The other is ATH. As is Friday, people starts to take profit.

The fundamental of FCOT has improved with Google on-board. And with other facility ready for contributions, we could see growing DPU. There are few concerns on the sustainability of the DPU. I have optimistic view. Even in t he event of reduction, the yield is good in this time of market. The only area i need to manage is exposure. Cory portfolio has 7.8% holding.

Ascendas Reit - Another ATH counter that day. Hits $3.21 before coming down $3.14. Swing of 7 cents is quite a lot in absolute figure but not really for a 3 dollar plus stock in percentage term. -2.18% from opening. The volume looks alright.

Year 2019 we see a good trajectory of the stock price due to it's size and stability in returns. Since GFC the stock price has been on a tear. One way up. A 3 baggers excluding dividends. A sure bet so far. The yield is about 5% and Cory Portfolio has 7% exposure.


Mapletree Ind Tr - Yes, this is another ATH stock. High $2.39 and close $2.34. The plus of this is the growth and US Data centers. If we think is at high price, the stock is also on one way up since IPO 2010.  While we could see correction in any stock hitting 1 year of DPU, it will likely takes a bad market for 2 Years of DPU. During this period, a year could have gone by buffering the capital loss. This can applies to all above mentioned stocks. Cory Portfolio has 8.4% exposure in it.


Are you ready to hoot or go for another waiting game ? For Cory now, question is whether he is happy with the yield for the risk. Most importantly to treat it always as a new purchase and overall portfolio view.

The risk is from the angle we need to look at whether the STI and Banks will be on a new uptrend as they are quite resilient that day. 



Cory
2019-0907

Cory Diary : Retail Investor Returns for 2019

The local SGX market as mentioned previously has been dynamic swings. If we have invested in just STI Index, we would probably next to zero returns excluding dividends for 2019. However, what about a community of local keen investors do in this market so far ?

Here's the survey result for Retailer Investors from keen group of stock investors.

Below is how the survey is framed.

The distribution is really interesting because of the extreme ends of the returns have much higher votes. Is not like the normal distribution we often see where we have the mountain shaped or maybe skewed of it. The survey reflects inverted result. Do note there is only 57 votes.

How do you do ?


Cheers

2019-0905

Cory Diary : Dividends Shortfall

For those who miss my Aug Performance Report. Here you are.

Cory Portfolio Resilience


With the recent sales of Singtel and Mapletree NAC Tr, estimated dividends by year end will be reduced (updated for privacy) . This means potentially Cory Equity Portfolio may collect slightly lesser than Year 2018 despite bull year for Cory portfolio. Alamak ! Without saying it will be some distance from expected (updated for privacy)  target..... sigh !

Portfolio yield is at 4.6%. This is mainly due to STI ETF and Bonds/ Preference shares holding the values down which has seen significant expansion as I try to lock my happy returns to safer harbor. Another possible reason is that there are additional stakes in some counters which do not have dividends for the remainder of the year. One for yield, the other speculation.

Will gather some bullets and re-balancing. Hopefully I can do some magics to fix the issue.


Cheers

Cory
2019-0901

Cory Diary : Portfolio Resilience August Report

STI Index has major roller coaster rides this year. The most recent one is just this month when it erases all it this year winning and then creep back up a little to end at +1.23% YTD. After dividends, probably +4% range.

How did Cory Portfolio performs ? If we are to use the relative perform chart against STI, End Jun report is Here and Early Aug in Here. Iran conflict did not happen. I was trying to secure the widened gap. Let's look how it goes.

Year-to-Date

(updated for privacy) 

Cory Portfolio  : 15.8% which came down from 18.x% range 
excluding fixed instruments (ie bond)  : 19.2%.  This is mainly due to weakness in Banks, STI ETF and lastly Mapletree NAC Tr (Black-swan - HK Riots/RMB Depreciation).

(updated for privacy) 

Overall portfolio outperforms STI by 11.x% so far this year. There are some changes in portfolio mix which I will elaborate in later blogging.


Cory
2019-0830

Cory Diary : Trades - 2019-0829

Early morning today, dear wife lined me .... "Armoured cars rolling into Hong Kong" which kind of shocked me as I find this possibility remote. But after reading in detail, it was a "Routine" so to speak. We both agree .... is more of trying to intimidate. However, this is enough. 

Decided to clear my Mapletree NAC Tr which registered two years of dividends. Could have been three years have it not the riots. We can't win it all can we ? This sale is quite painful because it has hit 6% yield. Decided SPH Reit despite 5% yield is the one I am comfortable to replace with. Obviously larger capital needed if I am to lock in similar dividends size.

The other key trade is I decided to sell my remaining Singtel shares. I took the opportunity when it hit a local spike to offload. One counter less as I decided to try iReit Global. Jio still on the hunt for market shares. Despite Airtel good defense, the battle will be prolonged hence my decision. Frankly, I feel some relief from the sale as I found later there is some mental stress hidden in the background. As I can sleep better, is a Good Choice !

A minor trade on some of my earlier Ascendas Reit shares failed. So I managed to bought back some shares in recent dip therefore boosting my dividends in the counter. I would consider this average up. I do average down on DBS.... which was my plan to align more towards STI for 2nd half of the year to benefit from it rise or rebound.... . Fortunately, the plan aren't so match and so much less impacted by STI Index recent banking segment poor performance.

Other than those key investment decision, I also remember attempting a speculative punt. Wish me luck on this one. Non-bank, non-reits and non-property. Is dangerous feeling rich .... All I could say.


Cory
2019-0829