Portfolio @ April 2018

April

April PortfolioApril Portfolio Value

Performance Indicators / Dividends

  • YTD Time weighted return: 0.66%
  • Dividends collected: $388.69
  • Upcoming Dividend Receipts:
    • Frasers Commercial Trust: SGD 92.80
    • Capitaland Mall Trust: SGD 105.64
    • Starhill Global REIT: SGD 109
    • Keppel Corp: SGD 182
    • Raytheon Co.: USD 15.19
    • Activision Blizzard: USD 14.28

Commentary

After suffering a pretty horrendous March, the chase is on to recover all those paper losses. In that sense, it was a decent month with month-on-month gains of about $3k driven largely by gains in Amazon and Spotify, offset by losses in my defence stocks Lockheed Martin and Raytheon on strange earnings guidance, Macron’s efforts to retain the Iran Nuclear deal and yesterday’s North Korean denuclearisation declaration. To say I’ve been very lucky with geopolitical and random news these months has to be an understatement 🤣 All I can say is that fundamentals are strong and I’ll stay the course.

Portfolio changes made this month has been more for diversification purposes given the volatile environment. They are as follows:

  1. Divested some Keppel Corp and rotated the cash into Capitaland Mall Trust to keep for the long term.
  2. Partial divestment of Amazon and full divestment of Facebook into Spotify and Visa respectively.

I’ve mentioned previously that I would buy into Spotify at the right price and I was presented with an opportunity early in April and it has been a decent performer since my purchase. As for Visa, I’ve always wanted to be involved in the payments space and went for a household name to limit the volatility in my portfolio, compared to if I had gone for sexy names like Square or Paypal. As for CMT, it was trading at a decent price. Although it was not the best yield of 5+%, with future growth opportunities in the Funan redevelopment, organic dpu growth and capacity for acquisitions, I’ll hold this for at least the next 2 years.

Earnings season has started in April and companies have been reporting great earnings so far. Only the counters with known flaws (FCOT and Starhill) were slightly disappointing to me. Will continue to observe these 2 REITs and rotate into better quality REITs if the market presents a chance.

For now, I’m just going to save and build my warchest in preparation for more volatility.

Happy Hunting,
KK

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s