$$$ KPO and CZM $$$: Portfolio - February 2019

Tuesday, March 12, 2019

Portfolio - February 2019

Everyone has their "poison" and mine happened to be electronic gadgets >.<" Went to the IT fair over the weekend and bought a NAS (Network Attached Storage). If you have no idea what is that, it is very normal. CZM does not understand why am I spending so much money on it too. lol.

Synology DS918+ with 8GB RAM
4 x 3 TB Seagate IronWolf NAS Hard Drives
Guess the total price? Shall reveal it at the end of the post. Haha. This is probably going to be one of the longest portfolio updates because there were lots of transactions so let's not get distracted.

Our portfolio increase by 0.91% to $379,814 - $848.52 of capital withdrawal and $4,281.49 of capital gain. The one in blue is the StashAway portfolio, green is SGX and the total is in black.

If you prefer to look at numbers, this is the raw data used to generate the above bar graph. These numbers are as of the last day of the month.

"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

- SingPost (7,000 units) @ $0.950
- TSH (1,000 units) @ $0.350
- Lion-Philip S-REIT ETF (9,000 units) @ $1.034
- Lion-Philip S-REIT ETF (3,000 units) @ $1.041

I have blogged about our reasons for selling the above except for TSH, you can read about them here:
- Unethical SingPost
Lion-Phillip S-REIT ETF - High Cost and Low Yield

TSH was a legacy position which I had bought in April 2016 after reading this - TSH Corporation Ltd- Classic net-net micro-cap trading at steep discount to net cash, announces big dividends. Since then it has diversified its assets, did a capital distribution/huge dividends and became a shell company.

I was hoping it will just get delisted so I can save some commission but it never did until last month when it got reverse takeover, went through a share consolidation (1:20) and became a pub and bar business. Took a quick look at the new business and decided to sell it to get whatever remaining that is left and I am stuck with 50 units -.- Overall, it was still a pretty good investment with an annualized return of ~19%.

- DBS (400 units) @ $24.92
- City Development Limited (400 units) @ $9.47
- APAC Realty (8,000 units) @ $0.57

These are all not new purchases so really nothing much to blog about. The reason for buying them remains the same:
- DBS has changed its dividend policy and has pledged $1.20 per annual going forward. This translate to ~4.8% dividend yield on cost with potential for capital growth.
- CDL properties are stated at cost and should be trading > PB 1. To be honest, we are not very fated with CDL. Whenever we buy, the price will always fall significantly.
- We did a quick comparison between APAC Realty and its peer, Propnex and concluded that it was more undervalued and attractive dividend yield for now. Having said that, I think APAC Realty has its risks. In its IPO prospectus, it was stated that dividend will be paid for the first 2 years and remains unclear if the company will continue to distribute dividends.

In addition, ThumbTack Investor (TTI) has written a pretty scary/negative piece of article on APAC Realty that is definitely worth a read - Acquisition of ERA Centre is Cashflow Negative. The way he does his due diligence is very respectable. Regardless, all investment is a good investment at the right price.

The total dividends collected this month is $1,531.24. The breakdown is as follows:

Company Symbol ExDate Shares Total
Far East Hospitality Trust Q5T 20-Feb-19 10,156 $101.56
Ascott Residence Trust A68U 7-Feb-19 7,600 $301.42
Starhill Global Real Estate Investment Trust P40U 7-Feb-19 12,000 $135.60
Parkway Life Real Estate Investment Trust C2PU 4-Feb-19 2,000 $65.60
Thai Beverage Public Co Ltd Y92 4-Feb-19 11,000 $102.71
SPDR STI ETF Units ES3 4-Feb-19 13,000 $728.00
Mapletree North Asia Commercial Trust RW0U 1-Feb-19 5,000 $96.35

Total dividends collected for 2019: $2,467.84
Average dividends per month for 2019: $1,233.92


Capital: $17,000.00
Current: $17,340.29

The NAS costs $1,282 in total @_@"

On a side note, one can invest in StashAway using SRS and I have already blogged about our plan - New Strategy: StashAway + Supplementary Retirement Scheme (SRS)

You might be interested in previous months update too:
Portfolio Performance in 2018 - $354,145
Portfolio - January 2019 - $376,381
- Portfolio - February 2019 - $379,814

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