No. | Counters | No. of Lots | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | China Merchant Pacific | 69 | 1.06 | 73,140.00 | 25.0% |
2. | FraserCenter Point Trust | 30 | 2.03 | 60,000.00 | 21.0% |
3. | SembCorp Industries | 10 | 4.26 | 42,300.00 | 15.0% |
4. | Vicom | 6 | 6.58 | 39,300.00 | 13.0% |
5. | FraserCommercial Trust | 11 | 1.49 | 15,840.00 | 5.0% |
6. | ST Engineering | 4 | 3.55 | 13,800.00 | 5.0% |
7. | Stamford Land | 10 | 0.56 | 5,600.00 | 2.0% |
8. | King Wan | 5 | 0.31 | 1,550.00 | 1.0% |
9. | OCBC 360 (Cash available for investment*) | 40,000.00 | 14.0% | ||
Total SGD | 291,530.00 | 100.00% |
* Does not include emergency, social security, insurance endowment and short term (1 month) funds for working capital purpose.
Since my previous update, I have since divested all my shares for MGCCT and Neratel for two reasons (view them here). The first is due to its high valuations which I thought was pretty unwarranted at this stage of the bull run. The second was due to the desire to raise some cash on hand to take advantage of any market correction at the later stage. More on this rationale will be explained later.
For the month of March, I have not made any purchase nor divestment transaction to date. I thought the market was still going rather sideways and a few of the counters are holding up partly due to their cum-dividend status. At the moment, I'll just continue to monitor around the market. I have a few counters high on my toplist to add on, but there'll be no rush.
I have made some changes to the portfolio reporting update from this month. If you have noticed, I have now included the cash available on hand for investment purpose and they are being stored at the OCBC 360 account which I just opened last weekend. Having delayed for almost a year now, I was rather inspired by a few of the fellow bloggers and in particular Mr 15HWW for opening this account. The ability to earn a 3% interest while having the option of waiting for market correction to happen seems pretty too good to pass right now. I have not included any other funds required for emergency, social security, insurance endowment or short-term funds for daily working capital purpose in this category as it would make it rather complicated. I have also received a few queries asking whether this includes my spouse portion and the answer is no as she is using mostly her own money to fund her apparel business (24Fabulous).
The overall portfolio has now increased from the previous month of $289,860 to $291,530 this month. The estimated annual dividends from the portfolio is expected to be $14,558 which has gone down from the previous month due to the divestment of two main dividend paying counters.
I am expecting quite a bit of funds coming in from the next two months due to performance bonus and dividends paid out in the months of Apr and May respectively. It's a good way to build up the cash further should market decides to keep running up. In the meantime, I'm pretty satisfied with what I currently have in the portfolio.
What about you? Having a good month for March?
