Cash Equity
| Security | # Shares |
|---|---|
| LHT Holdings | 15,500 |
| AIMS APAC REIT | 2,189 |
| OCBC | 900 |
| Old Chang Kee | 100 |
SRS Equity
| Security | # Shares |
|---|---|
| Sheng Siong Group | 8,700 |
| Frasers Centrepoint Trust | 3,000 |
| CapitaCommercial Trust | 3,000 |
| Frasers Commercial Trust | 2,408 |
| SingTel | 2,000 |
| SGX | 1,300 |
In April, I did a few trades to reposition my portfolio with a new investment focus.
Trade Actions
Keppel Corp
I sold my position in Keppel Corp at $6.81 apiece. I bought the stock a few years ago, before the company entered the oil price crisis. Thankfully, Keppel managed to climb out of the mess without permanent damage. I was able to exit with a small profit, and a few years of dividend.
SembCorp Industries
I sold my position in SembCorp Industries at $2.68 apiece. I am disappointed with the company because of the dividend cut, presumably to conserve cash. It is unknown whether the management could have taken more drastic steps to curb the loss in SembCorp Marine. After years of hoping for a turnaround miracle, I decided to throw in the towel and move on.
Singapore Exchange
I bought 1,300 shares of SGX for my SRS portfolio at $7.38 apiece. I had expected the lacklustre performance in the equity trading revenue, but was surprised by the strong showing in the derivative trading revenue. With a sizeable cash hoard and zero debt, I believe SGX is robust enough to sustain the dividend payout, and at the same time develop new growth segments.
LHT Holdings
I bought 15,500 shares of LHT Holdings for my cash portfolio at an average price of $0.645 apiece. LHT is a Singapore based manufacturer of wooden pallets, boxes and crates. It also produces related products such as timber flooring and doors. This is a micro cap with a dull but stable (and profitable) business.
Savings
The May 2019 Singapore Savings Bond (SSB) has an average yield of 2.16% p.a. What is particularly attractive about this month's issue is that the bond offered an interest rate of 1.95% p.a. for the first three years - on par with the best fixed deposit rate in the market. While I did not participate, I helped my Mum to subscribe for her inaugural issue of the SSB.
Looking Ahead
While market prices have generally soared, pockets of opportunity still abound. I will be looking to take on a few more positions in May 2019.
Trade Actions
Keppel Corp
I sold my position in Keppel Corp at $6.81 apiece. I bought the stock a few years ago, before the company entered the oil price crisis. Thankfully, Keppel managed to climb out of the mess without permanent damage. I was able to exit with a small profit, and a few years of dividend.
SembCorp Industries
I sold my position in SembCorp Industries at $2.68 apiece. I am disappointed with the company because of the dividend cut, presumably to conserve cash. It is unknown whether the management could have taken more drastic steps to curb the loss in SembCorp Marine. After years of hoping for a turnaround miracle, I decided to throw in the towel and move on.
Singapore Exchange
I bought 1,300 shares of SGX for my SRS portfolio at $7.38 apiece. I had expected the lacklustre performance in the equity trading revenue, but was surprised by the strong showing in the derivative trading revenue. With a sizeable cash hoard and zero debt, I believe SGX is robust enough to sustain the dividend payout, and at the same time develop new growth segments.
LHT Holdings
I bought 15,500 shares of LHT Holdings for my cash portfolio at an average price of $0.645 apiece. LHT is a Singapore based manufacturer of wooden pallets, boxes and crates. It also produces related products such as timber flooring and doors. This is a micro cap with a dull but stable (and profitable) business.
Savings
The May 2019 Singapore Savings Bond (SSB) has an average yield of 2.16% p.a. What is particularly attractive about this month's issue is that the bond offered an interest rate of 1.95% p.a. for the first three years - on par with the best fixed deposit rate in the market. While I did not participate, I helped my Mum to subscribe for her inaugural issue of the SSB.
Looking Ahead
While market prices have generally soared, pockets of opportunity still abound. I will be looking to take on a few more positions in May 2019.
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Hi SS,
ReplyDeleteNice blog you have there ongoing. I realised our portfolio sizes are rather similar! Sorry for your loss on Hyflux, but i believe you are doing fine for the rest.
I added you to my blog list :)
Do keep in touch! will be looking to learn from you too.
KC.
Hello KC, thank you for your kind words. I've added your blog to my list too. Keep in touch!
DeleteHi SS,
ReplyDeleteI am eyeing SGX too :)