No. | Counters | No. of Lots | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | FraserCenter Point Trust | 30 | 1.865 | 55,950.00 | 22.0% |
2. | Vicom | 6 | 6.77 | 40,620.00 | 15.0% |
3. | SembCorp Ind | 5 | 5.40 | 27,000.00 | 10.0% |
4. | SPH | 5 | 4.17 | 20,850.00 | 8.0% |
5. | Ascott Reit | 15 | 1.255 | 18,825.00 | 7.0% |
6. | Mapletree Greater China Commercial Trust | 20 | 0.89 | 17,800.00 | 7.0% |
7. | China Merchant Pacific | 19 | 0.92 | 17,480.00 | 6.0% |
8. | FraserCommercial Trust | 11 | 1.38 | 15,180.00 | 5.0% |
9. | Neratel | 20 | 0.765 | 15,300.00 | 5.0% |
10. | First Reit | 10 | 1.20 | 12,000.00 | 4.0% |
11. | ST Engineering | 4 | 3.77 | 15,080.00 | 5.0% |
12. | Second Chance | 13 | 0.47 | 6,110.00 | 2.0% |
13. | Ascendas Hosp. Trust | 7 | 0.75 | 5,250.00 | 2.0% |
14. | Stamford Land | 3 | 0.66 | 1,980.00 | 1.0% |
Total SGD | 269,425.00 | 100.00% |
This month portfolio increase has been largely boosted by the surging for Vicom in recent weeks. It appears that investors are expecting a good result for the 2nd Quarter and a potential increase in their dividend payout. What had remained the same is probably the positive FCF they are generating quarter to quarter. But we'll see if they decide to do anything with its humongous cash they had in their asset. Multiples now stand at an all time high of 22x based on current earnings and the market had positively priced this upward.
In addition, I added more CMP and ST Engineering at $0.915 and $3.77 respectively for the month of Jul. For analysis on CMP, you may want to refer to investmentmoats for his thorough analysis on CMP for the last couple of results. My impression for CMP remains that 1.) they are well generating FCF comfortably and 2.) it appears that the management is trying to increase their payout ratio so that it will generate more interests from retail investors to increase the price beyond its convertible option exercise price. I may be wrong in my understanding here.
For the latter, I am looking at more stability and defensive stock to add on. While I do not expect them to increase their payout ratio beyond what is already high at 90+%, I think their book order for next year is stable and should give them in line at least to what they had for FY13.
Child Portfolio
No. | Counters | No. of Lots | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | ST Engineering | 2 | 3.77 | 7,540.00 | 100.0% |
In addition to my own portfolio, I've also decided to start managing my son's angbao money by investing in what I "think" will be stable for the next 20 years. I've also topped up a bit on top of what he already has.
Based on a couple of responses I received in my previous post (What should I do with the savings for my child), I've decided to go with the savings bank account option (for dividend and other angbao money) and investing (stock for now) option. The endowment plan may seems like a good option to diversify but since the amount is too small, I do not want to divide them into all the options available.
So this is it, ST Engineering - this will be entirely his and the strategy will be entirely different with what I have in my portfolio. The plan is to stay through the thick and thin for the next 20 years and I will not be surprised to see a couple of up and down along the way.
What about you? How is your portfolio doing for this month? Any shock or upside?
