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Monday, September 30, 2019

2019 Q3 Dividends and Portfolio

It is time again to take stock of FI progress.

Portfolio Q3 2019

September 2019Shares heldLast tradedValue
AIMSAMP Cap Reit2574001.45$373,230.00
Cache Log Trust136000.735$9,996.00
CapitaR China Trust431001.53$65,943.00
First Reit 500001.04$52,000.00
Eagle HTrust 420000.655 (US$)$37,688.70
Keppel Corp50006.02$30,100.00
StarhillGbl Reit900000.75$67,500.00
Warchest $117,000.00
Total Porfolio Size$1,449,241.17

Q3 was characterized by general weakness across the market, with blue chips stocks DBS, OCBC, Singtel and Keppel all falling below their July peaks.  REITs experienced some downward pressures but have largely remained resilient, possibly due to expectations of interest rate cuts.

Warchest got a healthy boost from dividends and salary bonus pay out. Will be looking to add to DBS at below 24, OCBC at below 10. I also have some REIT targets in mind which are hovering close to my target entry price.

Recently doubled my holdings of Eagle Htrust @US$0.650 a share. At this price, the forecast yield is approx. 10%.  This was a bit of an uneasy buy for me.  Conventional wisdom dictates that one should not be a yield pig. If the yield is that high, there is usually something wrong with the company (looking at you Lippo Mall Trust).

If something is too good to be true, it usually is.  That said, apart from the Queen Mary issue, I struggled to find other compelling reason(s) for the severe pessimism inflicted on this REIT.  Since Madam Market wants to give a discount, I shall do a small deal with Her.  Word of caution, one rarely comes out on top trying to outsmart Madam Market, but you know... no risk = no rewards.  Just play with money you can afford to lose.

Looking forward to deploying the remainder of the warchest before the end of December.

Portfolio now stands at 1.449M, which is up 27% from 1.141M a year ago.

Q3 Dividends

Total dividends received for Q3 2019:  $19,864

Big thank you to the following hardworking employees:
FCOT - $5616
SINGTEL - $5167
Starhill - $990
First REIT - $1075
AA REIT - $3035
DBS - $300
Keppel Corp - $400
Cache Log Trust - $180
CRCT - $2205.10
(Redacted) - $900

Compared to Q3 2018 which netted me $8,315 in dividends, this represents an increase of 139%.

I am pleased to report that FI remains on track.  Cheers to breaking more milestones in the months to come.

Onward to FI friends.