Sold Fraser Centre Point Trust

FCT's fundamentals remain solid. But sold to lock in profits of about 30%.
As mentioned in last post, splurged part of my war chest on a big ticket item.
So am trying to rebuild my war chest now.

My portfolio is now left with:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
5. Kingsmen Creative
6. Saizen REIT

Sold Hock Lian Seng

Hock Lian Seng fundamentals remains sound, I sold to lock in profits approx. 70% of purchase price.
I suppose there is a saying it is never wrong to take profits? =P
Supposed to be building up my war chest, but unfortunately I gave into temptations and find myself splurging my cash on some big ticket item... =S

My portfolio is now left with:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
5. Kingsmen Creative
6. Saizen REIT
7. Fraser Centrepoint Trust

Sold Boustead & Sembcorp

Decided to sell both which were recent purchases.
Not because fundamentals have changed, in fact they remain strong.
But I need the cash, so I am forced to cut loss =(
I was greedy and went in without sufficient margin of safety.
Lesson learnt, cannot be greedy, only go in with big enough margin of safety =)

My portfolio is now left with:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Hock Lian Seng
5. Sports Toto
6. Kingsmen Creative
7. Saizen REIT
8. Fraser Centrepoint Trust

This portfolio is giving me a dividend yield of 7.5%, and all were purchased with what I think (or I hope) with comfortable margin of safety.  I intend to hang on to them for the long term.

Added Boustead

Added Boustead recently.  A fundamentally strong company with multiple business in energy, property and ESRI.  At current prices, it looks like it is at fair value. At recent Value Investing Summit, 8 Investment Holdings showed how Boustead's plans to de-merge and REIT listing are expected to help Boustead "unlock its value" in the near future. I find this narrative compelling enough and decided to add Boustead back into my portfolio.

This is my portfolio going into the new Lunar New Year:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Hock Lian Seng
5. Sports Toto
6. Kingsmen Creative
7. Saizen REIT
8. Fraser Centrepoint Trust
9. SembCorp Industries
10. Boustead

Happy Lunar New Year, may everyone be well and happy in the new year =)

Stock Portfolio Going Into 2015

My stock portfolio going into 2015:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Hock Lian Seng
5. Sports Toto
6. Kingsmen Creative
7. Saizen REIT
8. Fraser Centrepoint Trust
9. SembCorp Industries

Merry X'mas & a Happy New Year to all my dear friends out there.
I pray that this X'mas will be, for you,
a cheerful ending to 2014 and a great beginning to a happy 2015.

Divested Old Town

Divested Old Town.  Decision made not based on information regarding the company but rather because I want to raise some cash.  Decided to cut loss on Old Town, as among all my current holdings, this one is perceived with the narrowest of economic moat, and I have concerns about the Malaysian Stock Mkt in general as well as the RM.

Divested UMS, Added Sembcorp Industries

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