|
No.
|
Counters
|
No. of Lots
|
Market Price (SGD)
|
Total Value (SGD) based on market
price |
Allocation %
|
|
1.
|
FraserCenter Point Trust
|
30
|
1.825
|
54,750.00
|
22.0%
|
|
2.
|
Vicom
|
6
|
5.83
|
34,980.00
|
14.0%
|
|
3.
|
SembCorp Ind
|
5
|
5.40
|
27,000.00
|
11.0%
|
|
4.
|
SPH
|
5
|
4.20
|
21,000.00
|
8.0%
|
|
5.
|
Ascott Reit
|
15
|
1.195
|
17,925.00
|
7.0%
|
|
6.
|
Mapletree Greater China Commercial
Trust |
20
|
0.86
|
17,200.00
|
7.0%
|
|
7.
|
China Merchant Pacific
|
17
|
0.955
|
16,235.00
|
6.0%
|
|
8.
|
FraserCommercial Trust
|
11
|
1.285
|
14,135.00
|
6.0%
|
|
9.
|
Neratel
|
20
|
0.715
|
14,300.00
|
6.0%
|
|
10.
|
First Reit
|
10
|
1.16
|
11,600.00
|
5.0%
|
|
11.
|
ST Engineering
|
3
|
3.84
|
11,520.00
|
5.0%
|
|
12.
|
Second Chance
|
13
|
0.455
|
5,915.00
|
2.0%
|
|
13.
|
Ascendas Hosp. Trust
|
7
|
0.715
|
5,005.00
|
2.0%
|
|
14.
|
Mapletree Logistic Trust
|
1
|
1.135
|
1,135.00
|
1.0%
|
|
|
Total SGD
|
|
|
252,700.00
|
100.00%
|
For the month of May, I took the chance to liquidate a small portion of First Reit at $1.185. The stock has not gone to approximately 5% of my entire portfolio. I thought price ran up quite a bit since the last we saw near the $1 mark, so thought at $1.185 it represents a good opportunity to take some profit.
I also accumulated China Merchant Pacific for this month. Based on a thorough review at InvesmentMoat, I liked how the management is prudent about its capital allocation and debt management. At current price, the stock is attractively yielding 7.2% while it only represents some 52% payout. Operating Free Cash Flow is also stable and generating cash inflow positively.
The portfolio has gone slightly down from the previous month due to many of the stocks going ex-dividend this month. While it appears otherwise, I am not too concerned about the change in the price. Let’s stay calm, rationale and be prepared for opportunities that come our way.
Hi B,
based on my research on CMP, Apr 14 DPU is $0.0425. DPU in similar period for 2013, 2012 and 2011 are $0.0275, $0.03 and $0.02 respectively.
Dividend yield is high if we take into consideration of Apr 14 payout. However, how repeatable is it ? Hope to hear your opinion on this.
Hi betta man
Taken into consideration the Apr 14 payout its still at 54%. It's in their results report. It's definitely sustainable for them to pay out the 7 cents/share based on their operating FCF 🙂
Thanks B. I will try my luck and queue at $0.90. It closed at $0.915 on 12 May 14 🙂