Portfolio - March 2018

Our portfolio increase by 2.70% to $323,073 - $10,401.71 of capital injection and $1,914.81 of capital reduction.

Today is another bloodshed, the value of our portfolio decrease by >$5k in a single day. Are we worried? No :) Let me share an old but gold article by the Motley Fool - How You Can Reduce Your Chances Of Making Losses In The Stock Market. Make a guess?

Have a long investing horizon! It seems that some of our readers/friends/colleagues have been demoralized by the market. Numbers do not lie! The probability of losing money in 1 day is almost equivalent to a coin toss. However, based on historical data, there is a 0% chance of losing money if you stay invested in STI for 20 years (1992 to 2016). Just think about why the insurance companies/banks love to sell you long endowment/ILP, it is easy money for them because they just have to share a small return with you while you provide them with the capital!

SOLD
- Asian Pay TV Trust (5,000 units) @ 0.535
- OKP (5,000 units) @ 0.35

I hardly sell stocks but I made the decisions to liquidate these two and redeploy the money because I believe Tuan Sing will be a better investment.

Asian Pay TV Trust was a "legacy" investment. It was one of the stock which I purchased simply because the dividend yield was high when I first started buying stock in 2014. I was eventually punished as the dividend was unsustainable and the price fell accordingly when the dividend was cut. Fortunately, the dividends collected over the years was sufficient to cover for the capital loss and I ended up with an annualized return of 7.1% after ~4 years.

I bought OKP last year and blogged about it here - StockResearchAsia Strikes Again - OKP Holdings Ltd. The future is slightly unclear for OKP so I have decided to let it go at a loss in order to invest in a better future/stock - Tuan Sing. The annualized return is -10.2%.

BOUGHT
- Sysma (10,000 units) @ $0.149
- ThaiBev (4,000 units) @ $0.82
- Lion-Philip S-REIT ETF (2,000 units) @ $0.9995
- Tuan Sing (11,000 units) @ $0.42
- Ascendas H-Trust (6,000 units) @ $0.810

Sysma was brought to my attention by StockResearchAsia. It is currently trading at a discount to its NTA (Net Tangible Assets) with a significant cash! The problem is that it has extremely low volume and wide bid-ask price.

As for the rest, I have blogged about them individually and decided to average down given the weakness in share price.

Dividends
March is a boring month. The total dividends collected this month is $131.65. The breakdown is as follows:

Company	Symbol	ExDate	Shares	Total
Asian Pay Television Trust	S7OU	14-Mar-18	5,000	$81.25
Lion-Philip S-REIT ETF	CLR	2-Mar-18	3,000	$50.40

Total dividends collected for 2018: $2,151.48
Average dividends per month for 2018: $717.16

StashAway

Capital: $6,000.00
Current: $5,894.64 (IRR: -4.1%)

The UI is slightly misleading, showing green when it is losing money. lol. Took a quick look at our StashAway monthly statement and was pleasantly surprised!

The exchange rate is FINALLY being captured! Good job StashAway founders. Hahahaha.

Health - KPO Needs to Lose Weight
Date: 2018-04-04
Weight: 71.3 kg

BMI: 23.8

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Portfolio Update - July 2017

Our portfolio grew by 3.32% to $258,487 - $6,741.41 of capital injection and around $1,564.59 of capital growth!

BOUGHT

- Netlink Trust (6,000 units) @ $0.81

- KPO OKP Holdings (5,000 units) @ $0.375

July seems like a busy month with many companies providing their quarterly earnings update which means a fat dividend month :) We applied for 20,000 units for Netlink Trust IPO and was allocated 6,000 units. We were pretty excited since this is the first time we IPO successfully but it turns out to be a pretty boring one when it opened flat. You can read my analysis to see how much of its assets can be attributed to thin air - Just Another Netlink Trust IPO Analysis.

OKP is the company that has been appearing in your FB news feeds because of the PIE work site collapsed. Its share price has fallen by close to 20% from $0.43 (before the accident) to $0.375 (my entry price) and to $0.345 (today). KPO has decided to support OKP in times of trouble. Just kidding, you can read this to find out why I bought OKP - StockResearchAsia Strikes Again - OKP Holdings Ltd. Anyway, OKP has a huge cash position $87,911,000 ($0.285 cash per cash) while its total liabilities is only $50,670,000. So I have decided to buy on fear but seeing the price fall furthers, now I also scare. lol. Just joking, I will probably buy more if it falls further.

This is also the month where the robo-advisors (StashAway and Smartly) went live. I was looking at both and decided to go with StashAway because they have lower fees and I prefer their interface more. While playing with the account, I wrote another article - Introduction to StashAway - Robo-Advisor/Automated Investing.

KPO manage to finish an eBook and wrote a Book Review - Building Wealth through REITS. This book is great because the explanations and REITs discussed were all from Singapore context. KPO also spent $188 on a Cat 1 ticket to watch Chelsea vs Inter Milan - 2017 International Champions Cup Singapore with a group of secondary friends. What a busy month for KPO as well! CZM is busy looking for a new job, more shall be revealed when the time is right. lol.

The total dividends collected this month is $1,541.36. The breakdown is as follows:

Company	Symbol	ExDate	Shares	Total
SPDR STI ETF Units	ES3	28-Jul-17	9,000	$432.00
CapitaLand Mall Trust	C38U	27-Jul-17	3,000	$82.50
Ascott Residence Trust	A68U	26-Jul-17	7,600	$255.06
Singapore Post Ltd	S08	25-Jul-17	7,000	$35.00
First Real Estate Investment Trust	AW9U	21-Jul-17	7,000	$149.80
Soilbuild Business Space REIT	SV3U	19-Jul-17	30,000	$439.80
Frasers Logistics & Industrial Trust	BUOU	03-Jul-17	8,000	$147.20

Total dividends collected for 2017: $6,767.57
Average dividends per month for 2017: $563.96

StockResearchAsia Strikes Again - OKP Holdings Ltd

There are a few blogs which I follow closely but there is only one which I have read every single post/article written - StockResearchAsia (KPO exaggerating...). They hardly post recommendation but if they do, it is almost a sure win. Their analysis is something which I can never do due to the time and effort required. Interestingly, they also suggested one to adopt a passive investing style which is to buy a low-cost ETF using dollar cost averaging method (similar to Warren Buffett). The main difference between them and the bank analysts' recommendation/target price is stated in their disclaimer/important notice "We put money where our mouth is.".

Let me give you a summary of the performance of its past recommendations and performance:

25/01/2016 - 2015- Our encouraging first year scorecardThe 6 recommendations made generated an average of 25.7% relative outperformance when compared against the indexes (STI/KLCI).

31/03/2016 - TSH Corporation Ltd- Classic net-net micro-cap trading at steep discount to net cash, announces big dividends

Price of TSH on 31/03/2016: $0.079

28/05/2016 -  TSH Corporation Ltd- Expect more to come
Price of TSH on 28/05/2016: $0.117 (86% return in 2 months)

03/09/2016 -  TSH Corporation Ltd (Update) – Sitting on mountain of cash following disposals

Price of TSH on 03/09/2016: $0.127 (99% return in 5 months)

17/09/2016 - TSH Corporation Ltd (Update-2) – Big payday for shareholders

Price of TSH on 17/09/2016: $0.127 (A total distribution of $0.1532 payout as dividends)

I bought TSH on 6th April 2016 and made a total of 72% return. Currently still holding on to the 21,000 shares and hoping for an RTO (Reverse Takeover)? lol.

13/02/2017 - Bukit Sembawang Estates Ltd- Undervalued proxy to buying land at 1953 prices

Price of Bukit Sembawang on 13/02/2017: $4.940

Current price: $6.780 (37% return)

13/06/2017 - HG Metal- Would renewed interest bring attention to fellow stockists as well?

Price of HG Metal on 13/06/2017: $0.415

Current price: $0.545 (31% return)

17/07/2017 - OKP Holdings Ltd- Is the latest Tampines accident sounding of the death knell or a buying opportunity in disguise?

Price of OKP on 17/07/2017: $0.370

As much as I wanted to follow their previous 2 recommendations, I was tight on cash. However, this time round I managed to squeeze out some money and initiated a small position (5,000 shares at $0.375). Once I successfully sell Wee Hur, will proceed to buy more OKP. KPO showing some support to OKP! lol.