Portfolio Upate

Been absent for a while...

Many happenings since then...

My portfolio now comprise:

1. Sports Toto
2. FCL
3. Boustead
4. Kingsmen
5. TTJ
6. Wing Tai
7. Challenger
8. Aims AMP REIT

Sold Hong Kong Land

Couldn't resist a quick trade on Hong Kong Land for a 10% gain.

My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. Sports Toto
4. Saizen 
5. Accordia
6. IREIT Global
7. FCL
8. Boustead
9. Ho Bee Land

Sold M1, Added FCL

Sold M1, no change to fundamentals. Still undervalued at current prices. However decided to sell to transfer funds into more undervalued stocks.

Added Fraser Centre point Limited.  Another fundamentally strong property counter, who owns blue chip properties both in Asia Pacific & even europe.  At current prices, it looks like really under valued, at less than 70% of NAV. Near term risks remain with plenty of headwinds in the property sector.  But with the margin of safety provided at current prices, with excellent track records, blue chip properties, clear earnings visibility, ability to recycle assets into REITs,
this is enough for me to take the plunge and ride out the near term volatility.  Current dividend yield is close to 6% which helps to make my wait bearable.

 My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. Hong Kong Land
4. Sports Toto
5. Saizen 
6. Accordia
7. IREIT Global
8. FCL
9. Boustead
10. Ho Bee Land

Sold TTJ, Added HongKong Land

Sold TTJ, no change to fundamentals. Still undervalued at current prices. However decided to sell to lock in >10% profits to transfer funds into more undervalued stocks.

Added Hong Kong Land today.  A fundamentally strong property counter, who owns blue chip properties both in Singapore & Hong Kong.  At current prices, it looks like really under valued, at less than 60% of NAV. Near term risks remain with plenty of headwinds in the property sector.  But with the margin of safety provided at current prices, with excellent track records, blue chip properties and low gearing ratio, plus a potential catalyst in getting listed into MSCI Index, 
this is enough for me to take the plunge and ride out the near term volatility.  Current dividend yield is at ~3% which to be honest, is too low by my standards, but I do subscribe to a dividend growth theory for Hong Kong Land.

 My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. Hong Kong Land
4. Sports Toto
5. Saizen 
6. Accordia
7. IREIT Global
8. M1
9. Boustead
10. Ho Bee Land

Added Ho Bee Land

Added Ho Bee Land today.  A fundamentally strong property counter, who owns properties both in Singapore & overseas.  At current prices, it looks like really under valued, at 50% of NAV. Near term risks remain with plenty of headwinds in the property sector.  But with the margin of safety provided at current prices, excellent track records, and possible commercial REIT spin off over the horizon,
this is enough for me to take the plunge and ride out the near term volatility.  Current dividend yield is at 2.5% which to be honest, is too low by my standards, but I do subscribe to a dividend growth theory for Ho Bee.

 My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
5. Saizen 
6. Accordia
7. IREIT Global
8. M1
9. Boustead
10. Ho Bee Land

Added Boustead

Added Boustead back at 80cents.  A fundamentally strong company with multiple business in energy, property and ESRI.  At current prices, it looks like really under valued. Near term risks remain with plenty of headwinds.  But with the margin of safety provided at 80 cents and its positive medium terms prospects, this is enough for me to take the plunge and ride out the near term volatility.  I also expect it to continue to give out approx. 5% dividend yield which will make the ride bearable...
My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
5. Saizen 
6. Accordia
7. IREIT Global
8. M1
9. Boustead

Added M1

Added M1.

At $2.95 currently, PE 15, 6.3% dividend yield, its looks at fair value.  I am also cautiously optimistic that M1 will get its fair share of the smart nation project.  Personally I find the fears of the 4th Telco overplayed. Essentially I view M1's growth narrative optimistically and I still have faith in its economic moat over its current biz and market share. Hence I decided to add this to my portfolio.  Of courses, there are risks. I am taking a calculated risk.

My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
6. Saizen
7. Accordia
8. IREIT Global
9. M1