Saturday, February 27, 2021

Portfolio Summary for February 2021

As of 27 February 2021


Security# sharesPrice S$%
OCBC Bank1,50010.996.75
ST Engineering4,1003.766.32
Powermatic Data5,0002.705.53
Sheng Siong6,4001.564.09
Genting Singapore11,7000.8554.10
China Sunsine31,0000.4856.16
HC Surgical35,5000.4256.18
Nam Lee Metal28,2000.3153.64
Silverlake Axis40,0000.243.93
Portfolio Value = $244,058

Trade Actions
- Bought 3,200 shares of Sheng Siong Group.


Security# sharesPrice S$%
OCBC Bank90010.9915.10
ST Engineering1,7003.769.76
Sheng Siong8,7001.5620.72
HC Surgical19,5000.42512.65
Portfolio Value = $65,510

Trade Actions
- None

The Lunar New Year came and went just as fast. I usually think the year (i.e. hard slog) begins when the CNY festivities are over. Nonetheless, February is a good month as that is when my performance bonus comes in, and it was much better than expected this time. I am thankful my boss appreciates my contribution over the past year. However, for the new workyear, I am given a challenging client account to service. I can only see hardship down the road. (Sigh.)

Investments wise, I only added one position in February. Sheng Siong Group reported stellar FY2020 performance as the supermarket operator clocked higher sales, partly due to COVID-19 lockdown and Work From Home while maintaining healthy gross margins. I'm happy that the Board decided to distribute a higher DPS (3 cents). Together with the previous DPS (3.5 cents), this translates to a trailing-12-months dividend yield of 4.2 per cent based on current price. This is a satisfactory level to me, and I decided to add to my position.

Looking forward, I doubt there is any more impetus for the market to rally higher, so we will likely see the market hover around these price levels. Current Street talk is about the ongoing COVID-19 vaccination in Singapore, but I have my reservations that this event will make any difference in the near term. Many countries are still reeling from 2nd, 3rd and Nth wave of infections, so it may take a few more years before normality resumes. Perhaps the old normal is no longer coming back. Companies that are cash strapped, debt laden, with outdated business models and unable to adapt will face tough times ahead.

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