No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | Vicom | 8,000 | 5.90 | 47,200.00 | 15.0% |
2. | China Merchant Pacific | 45,000 | 0.96 | 43,200.00 | 14.0% |
3. | Kingsmen | 36,000 | 0.81 | 29,160.00 | 9.0% |
4. | Accordia Golf Trust | 22,000 | 0.63 | 13,860.00 | 4.0% |
5. | CapitaCommercial Trust | 8,000 | 1.30 | 10,400.00 | 3.0% |
6. | Nam Lee Metals | 35,000 | 0.28 | 9,800.00 | 3.0% |
7. | Silverlake Axis | 14,400 | 0.64 | 9,216.00 | 3.0% |
8. | ST Engineering | 3,000 | 2.92 | 8,760.00 | 3.0% |
9. | Noel Gifts | 18,900 | 0.31 | 5,860.00 | 2.0% |
10. | Stamford Land | 10,000 | 0.49 | 4,900.00 | 2.0% |
11. | MTQ | 7,000 | 0.52 | 3,640.00 | 1.0% |
12. | HoBee Land | 1,000 | 1.96 | 1,960.00 | 1.0% |
13. | Far East Hospitality Trust | 3,000 | 0.60 | 1,800.00 | 1.0% |
14. | Warchest* | 115,000.00 | 38.0% | ||
Total SGD | 304,755.00 | 100.00% |
What a month it has been for August.
It has barely been a month and it has created a lot more chaos than what we were expecting.
To be honest, things were not much different from what we've seen last month. We always knew that China would have a soft landing and the US is going to hike up the interest sooner or later. It appears that there are some sorts of panic selling amongst the local retail investors scene as I've witnessed many who sells their existing portfolio to raise cash in order to buy back later at a lower price.
For me, I have been involved in a various of activities this month, much to my delight that I have finally the opportunity to add. I know there will always be people who thinks the market will go lower. If so, great. All the more I am going to get aggressive and buying more. If not, I'll stick to my plan that I had originally planned. This will work out to what I believe to be excellent in the long run.
For the month of August, I've managed to pare down my stake in China Merchant Pacific (See Here), Nam Lee Metals, and divested King Wan. You can refer to the Recent Transactions for further information regarding the divestment.
I have also been busy allocating capital this month to what I think represents an excellent opportunity, especially for investors who are looking for investing for income. I've added Kingsmen, Accordia, CapitaCommercial Trust, Far East Hospitality Trust and Ho Bee Land. I have not had a chance to write about my thoughts on these companies, and I will do so over the next few postings, but these are companies which has been in my target list for a very long time. When the price represents a decent entry, I will position my sizing to go in batches. It is not in my strategy to catch the bottom of the price, as one can only predict upon hindsight. There's also a few emails asking my opinion on the recent Silverlake allegations. I will have to read the report over the weekends to analyze their stands as it is a long report. Looks like it's going to be a busy weekend now.
The warchest amount is currently at 38% of the overall portfolio in what I believed to be in a decent position to be utilized when the opportunity arises. The dividend income received this month also helps to increase the amount of warchest, which is the reason why I love dividend investing a lot. It provides cashflow repeatedly in a predictably manner and helps to buffer for any capital gain loss while waiting for it to recover.
The equity networth has gone down from the previous month high to the current month at $304,755. I think this is not surprising given how everyone experienced quite a bit of bloodbath in the market recently.Although the amount of networth has shrinked this month, I have added more units of shares that gives out more in terms of dividend income. The cashflow is all we need in order to go through our daily lives.
The projected target is to reach the end year networth of $333,105 (Link Here). It is still somewhat a distance for now, but we'll never know what will happen to the market. With the last quarter of the year representing a strong month to finish off the dividend income, I might just be able to reach there if the market does not head south further.
In the meantime, enjoy the ride to the volatile market and perhaps we might see the bear pops out in a while more.
What about you? How has your portfolio been for August?
