Divested UMS, not because i lost faith in its narrative, but rather that I need some cash (moved into new house, did renovations & planning holidays end of year =P)
Hence I rationalised amongst all my current holdings and decided that moving forward, the one with the narrowest economic moat is likely to be UMS.
However, at the same time, I recycled some of these freed up capital into SembCorp Industries, initiating a small position. Thought the market is overly pessimistic on SCI, driving it down to 4.50+... A blue chip with a reasonably wide moat, ROE 15%, stable earnings and a bright future with overseas growth potential. Currently trading at close to 10x earnings, there seem to be a big enough margin of safety to go in.
Now, my stock portfolio consist of:
1. China Merchant Pacific
2. Naratel
3. TTJ
4. Hock Lian Seng
5. Sports Toto
6. Old Town
7. Kingsmen Creative
8. Saizen REIT
9. Fraser Centrepoint Trust
10. SembCorp Industries
He's on his way home
Tuesday, November 11, 2014
Friday, November 7, 2014
Divested Challenger
Lost faith in Challenger's narrative and decided to divest today... (need some cash also)
Wednesday, October 29, 2014
Update on my stock portfolio
During the recent market correction, added a little to Sports Toto as well as China Merchant Pacific.
Now, my stock portfolio provides approx. 6% yield and consist of:
1. China Merchant Pacific
2. Naratel
3. TTJ
4. Challenger
5. Hock Lian Seng
6. Sports Toto
7. Old Town
8. Kingsmen
9. UMS
10. Fraser Centrepoint Trust
11. Saizen REIT
Now, my stock portfolio provides approx. 6% yield and consist of:
1. China Merchant Pacific
2. Naratel
3. TTJ
4. Challenger
5. Hock Lian Seng
6. Sports Toto
7. Old Town
8. Kingsmen
9. UMS
10. Fraser Centrepoint Trust
11. Saizen REIT
Tuesday, June 17, 2014
UMS
Initiated small position in UMS today.
Prices still falling and may fall further but I decided its 'cheap' enough to start buying.
Was on my watch list for quite a long while but did not had any opportunity as I continue to watch this stock keep on running up...
In the biz of semiconductor industry and its downside risks is tied closely to its key customer Applied Materials (80% of revenue).
It has a contract with Applied Materials until 2017 (renewable) and to me, its strong relationship with Applied Materials is its economic moat.
Applied Materials recently is reducing its stake in UMS that is causing the plunge, plus the CEO selling his shares too.
I am buying as I am not trying to read too much into their actions.
Companies/people sell their stocks for various reasons so I am of opinion (optimistic) that it is not due to a deterioration of UMS fundamentals or relationship with Applied Materials.
Keeping fingers crossed.
At current prices, PE approx. 8, dividend yield >7% for a net cash company with sound fundamentals and strong earnings.
Sounds good to me.
Prices still falling and may fall further but I decided its 'cheap' enough to start buying.
Was on my watch list for quite a long while but did not had any opportunity as I continue to watch this stock keep on running up...
In the biz of semiconductor industry and its downside risks is tied closely to its key customer Applied Materials (80% of revenue).
It has a contract with Applied Materials until 2017 (renewable) and to me, its strong relationship with Applied Materials is its economic moat.
Applied Materials recently is reducing its stake in UMS that is causing the plunge, plus the CEO selling his shares too.
I am buying as I am not trying to read too much into their actions.
Companies/people sell their stocks for various reasons so I am of opinion (optimistic) that it is not due to a deterioration of UMS fundamentals or relationship with Applied Materials.
Keeping fingers crossed.
At current prices, PE approx. 8, dividend yield >7% for a net cash company with sound fundamentals and strong earnings.
Sounds good to me.
Thursday, June 5, 2014
Kingsmen Creative
Decided to initiate small position in Kingsmen today.
Designs & produce exhibits and reputed for quality interior design works,
with a niche in the mid to up-market retail sector.
Track record indicate that we are looking at a strong & steadily growing company,
PE 10 at current prices suggest it is slightly undervalued (for a steady grower).
Also looking attractive as a net cash company,
dividend yield 4.3% at current prices with a potential dividend growth story.
Am anticipating a bump up in dividends especially that we are expecting a good FY14.
Designs & produce exhibits and reputed for quality interior design works,
with a niche in the mid to up-market retail sector.
Track record indicate that we are looking at a strong & steadily growing company,
PE 10 at current prices suggest it is slightly undervalued (for a steady grower).
Also looking attractive as a net cash company,
dividend yield 4.3% at current prices with a potential dividend growth story.
Am anticipating a bump up in dividends especially that we are expecting a good FY14.
Added TTJ to core portfolio
Added to TTJ recently, making my average price SGD0.289.
Now total of 35 lots, significant to make it part of my core portfolio,
which now consist of 5 stocks, 2 REITs.
In the biz of structural steel, it is riding on the infrastructure boom in Singapore.
A net cash company with a good & growing earnings track record, looking at (based on 1H results) possible record earnings for this FY.
Dividends wise, at my purchase price only 3.5% yield but I believe there is a dividend growth story.
With the continuing positive outlook for the construction sector in Singapore, given TTJ's excellent track record, I am confident it will get its fair share of opportunities.
PE ratio about 6 for an established company with solid track record, I think it is undervalued.
Now total of 35 lots, significant to make it part of my core portfolio,
which now consist of 5 stocks, 2 REITs.
In the biz of structural steel, it is riding on the infrastructure boom in Singapore.
A net cash company with a good & growing earnings track record, looking at (based on 1H results) possible record earnings for this FY.
Dividends wise, at my purchase price only 3.5% yield but I believe there is a dividend growth story.
With the continuing positive outlook for the construction sector in Singapore, given TTJ's excellent track record, I am confident it will get its fair share of opportunities.
PE ratio about 6 for an established company with solid track record, I think it is undervalued.
Tuesday, May 27, 2014
Divested FCL
Sold all my 6 lots in FCL today, 30% capital gain. I think the current valuation is rich. And I need to replenish my almost empty war chest so that I will be able to capitalise on any opportunities arising later in the year. Decided to harvest FCL, the only non-income stock/REIT in my core portfolio.
Core Portfolio now consist of:
1. Naratel
2. CM Pacific
3. Challenger
4. Hock Lian Seng
5. FCT
6. Saizen REIT
Core Portfolio now consist of:
1. Naratel
2. CM Pacific
3. Challenger
4. Hock Lian Seng
5. FCT
6. Saizen REIT
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