2018 Portfolio Review: Winners and Losers

Time flies and 2018 is gone.  All my tradings are done and all dividends are collected.  It is time to review my portfolio's winners and losers in 2018.

2018 is not a good year for me, my portfolio ended the year in red.  However, the comforting fact is that the dividends collected more than offset the lost in portfolio values. 

Top Dividend Contributors: 

1. SGX (9.73%):
- SGX is the top counter in my portfolio and no surprise that it is the top dividend contributor.  SGX has dividend payout every quarter, almost like a REIT.

2. Starhub (7.01%):
- One of the counters that depreciated much in value.

3. CMT (6.60%):
- Retail Reit is not just retail. F&B accounted for about one-third of the leased spaces.

Dethroned: Starhub (2017). 

In 2017, the top 3 dividend contributors accounted for 24% of my total dividends.  In 2018, the top 3 dividend contributors accounted for 23% of the total dividends. So, not much diversification achieved this year.

Next, some New Year fun and amusement. 

Dividend Yield Winners (龙虎榜):

1. Duty Free Int'l (9.18%):
- The smallest of my holdings.

2. Starhub (9.14%) 
- Great depreciation in price.
- Just wonder whether dividend would be cut again?

3. Cache Logistics Trust (8.63%)
- One of my tiny holdings.  
- Probably will get more in 2018.

Dethroned: AIMSAMPI Capital Industrial Reit (2017).

Dividend Yield Losers (老鼠榜): 

1. Sembcorp Industries (1.57%): 
- Dividend cut...

2. Cromwell Europe Reit (1.96%): 
- CER is here because it only distributed one dividend payout.

3. Sasseur Reit (2.44%): 
- Same. Only one dividend payout.

Dethroned: Bukit Sembawang (2017).


A return gain or loss will only be realised when I sell.  The current unrealised return winners and losers:

Unrealised Return Winners (英雄榜):

1. SGX (60.4% gain):
- This is one of my foundation stocks and will remain for keep.
- SGX retains the trophy for this category.

2. SATS (52.6% gain):
- Will stay for dividends and growth.

3. CMT (45% gain):
- Replaced Starhub and SPH as one of my foundation stocks.
- Will stay for dividends.

Unrealised Return Losers (狗熊榜): 

1. SIA Engg (36.4% loss)
- Price continues declining trend in 2018. 
- Still pondering whether to add more or not?
- SIA Engg retains the trophy for this category.

2. Duty Free Int'l (34.9% loss)
- I probably should not have wandered outside the mainboard.

3. Sembcorp Industries (21.6% loss)
- Keep in cold storage.


Wishing everyone Happy New Year and a Prosperous 2019.

My Stock Portfolio @ end Nov 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	12.67	7.32
2	UOB	847	6.70	25.15
3	CapitaLand Mall Tr	9,000	6.37	2.25
4	SATS	4,000	6.03	4.79
5	OCBC Bank	1,467	5.20	11.26
6	SPH	6,000	4.98	2.64
7	AIMSAMPI Cap Ind R	10,000	4.28	1.36
8	Starhub	7,000	4.19	1.90
9	Suntec Reit	5,800	3.21	1.76
10	CDL HTrust	6,800	3.21	1.50
11	FCT	4,700	3.19	2.16
12	Keppel DC Reit	7,400	3.17	1.36
13	SingTel	3,190	3.09	3.08
14	ParkwayLife Reit	3,600	3.08	2.72
15	Keppel Corp	1,600	3.05	6.06
16	SPH Reit	8,500	2.67	1.00
17	Starhill Global Reit	12,000	2.53	0.67
18	Mapletree Com Tr	4,800	2.51	1.66
19	Frasers Com Tr	5,074	2.20	1.38
20	Frasers L&I Tr	6,000	2.00	1.06
21	CapitaLand	2,000	1.96	3.12
22	Bukit Sembawang	1,000	1.75	5.55
23	Ascendas Reit	2,000	1.62	2.57
24	Sembcorp Indust	1,800	1.48	2.61
25	Keppel InfraTr	9,000	1.30	0.46
26	SIA Engg	1,500	1.18	2.49
27	Frasers Property	1,800	0.92	1.63
28	ST Engg	800	0.89	3.55
29	Cache Log Tr	4,000	0.89	0.705
30	Netlink NBN Tr	3,000	0.73	0.775

Movement in my portfolio in Nov:-
Sold:- Nil
Bought:- UOB, FCOT (DRIP), Keppel-KBS US Reit (rights).
Dividends collected this month: $2,239.67
2018 avg dividends/month: $1,346.41 [19.8% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Mini-bear market? Took the opportunity to add more UOB.

2. November's dividends crossed $2K for the first time.

3. Current worst performing counter: Duty Free Int'l (34.4% unrealised loss). 

My Stock Portfolio @ end Oct 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	12.17	6.84
2	SATS	4,000	6.45	4.98
3	CapitaLand Mall Tr	9,000	6.14	2.11
4	UOB	747	5.89	24.38
5	SPH	6,000	5.14	2.65
6	OCBC Bank	1,467	5.10	10.74
7	AIMSAMPI Cap Ind R	10,000	4.34	1.34
8	Starhub	7,000	4.26	1.88
9	Suntec Reit	5,800	3.32	1.77
10	FCT	4,700	3.28	2.16
11	SingTel	3,190	3.26	3.16
12	Keppel Corp	1,600	3.21	6.20
13	CDL HTrust	6,800	3.19	1.45
14	Keppel DC Reit	7,400	3.18	1.33
15	ParkwayLife Reit	3,600	3.03	2.60
16	SPH Reit	8,500	2.71	0.985
17	Starhill Global Reit	12,000	2.60	0.67
18	Mapletree Com Tr	4,800	2.50	1.61
19	Frasers Com Tr	4,987	2.21	1.37
20	CapitaLand	2,000	2.08	3.14
21	Frasers L&I Tr	6,000	1.98	1.02
22	Bukit Sembawang	1,000	1.73	5.35
23	Sembcorp Indust	1,800	1.64	2.82
24	Ascendas Reit	2,000	1.63	2.52
25	SIA Engg	1,500	1.37	2.83
26	Keppel InfraTr	9,000	1.34	0.46
27	Frasers Property	1,800	0.92	1.58
28	ST Engg	800	0.92	3.55
29	Cache Log Tr	4,000	0.89	0.685
30	Netlink NBN Tr	3,000	0.76	0.78

Movement in my portfolio in Oct:-
Sold:- Nil
Bought:- SGX, OCBC (DRIP).
Dividends collected this month: $1,182.60
2018 avg dividends/month: $1,257.09 [18.3% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Mini-bear market? Hopefully... Took the opportunity to add more SGX.

2. October's dividends crossed $1K for the first time.

3. Current worst performing counter: Duty Free Int'l (35.2% unrealised loss). 

My Stock Portfolio @ end Sep 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,000	11.38	7.37
2	SATS	4,000	6.45	5.22
3	UOB	747	6.25	27.08
4	CapitaLand Mall Tr	9,000	6.17	2.22
5	SPH	6,000	5.32	2.87
6	OCBC Bank	1,438	5.08	11.44
7	AIMSAMPI Cap Ind R	10,000	4.32	1.40
8	Starhub	7,000	4.04	1.87
9	Suntec Reit	5,800	3.46	1.93
10	Keppel Corp	1,600	3.44	6.96
11	CDL HTrust	6,800	3.36	1.60
12	FCT	4,700	3.30	2.27
13	SingTel	3,190	3.19	3.24
14	Keppel DC Reit	7,400	3.13	1.37
15	ParkwayLife Reit	3,600	3.00	2.70
16	SPH Reit	8,500	2.63	1.00
17	Starhill Global Reit	12,000	2.58	0.695
18	Mapletree Com Tr	4,800	2.39	1.61
19	Frasers Com Tr	4,987	2.25	1.46
20	CapitaLand	2,000	2.08	3.37
21	Frasers L&I Tr	6,000	1.98	1.07
22	Bukit Sembawang	1,000	1.78	5.77
23	Sembcorp Indust	1,800	1.72	3.09
24	Ascendas Reit	2,000	1.63	2.64
25	Keppel InfraTr	9,000	1.38	0.495
26	SIA Engg	1,500	1.37	2.95
27	Frasers Property	1,800	0.94	1.69
28	Cache Log Tr	4,000	0.91	0.735
29	ST Engg	800	0.88	3.56
30	Netlink NBN Tr	3,000	0.72	0.78

Movement in my portfolio in Sept:-
Sold:- Nil
Bought:- CapitaLand Mall Tr.
Dividends collected this month: $387.09

2018 avg dividends/month: $1,265.36 [13.8% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Market mini turnaround in September? Or just quarter-end window dressing?

2. Maiden dividend fruits collected from Cromwell Euro Reit, Keppel-KBS US Reit and Sasseur Reit.  However, the fruits from the US and China trees got a bad taste (both gone below their IPO price).  Perhaps because of the quarrel between USA and China now.  HaHa.

2. Current worst performing counter: Duty Free Int'l (33.8% unrealised loss). 

My Stock Portfolio @ end Aug 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,000	11.71	7.41
2	SATS	4,000	6.41	5.07
3	UOB	747	6.39	27.06
4	SPH	6,000	5.31	2.80
5	CapitaLand Mall Tr	7,800	5.27	2.14
6	OCBC Bank	1,438	5.13	11.30
7	AIMSAMPI Cap Ind R	10,000	4.42	1.40
8	Starhub	7,000	3.58	1.62
9	Suntec Reit	5,800	3.43	1.87
10	FCT	4,800	3.42	2.30
11	CDL HTrust	6,800	3.35	1.56
12	Keppel Corp	1,600	3.30	6.53
13	SingTel	3,190	3.26	3.23
14	Keppel DC Reit	7,400	3.16	1.35
15	ParkwayLife Reit	3,600	3.05	2.68
16	SPH Reit	8,500	2.69	1.00
17	Starhill Global Reit	12,000	2.64	0.695
18	Mapletree Com Tr	4,800	2.47	1.63
19	Frasers Com Tr	4,987	2.24	1.42
20	CapitaLand	2,000	2.17	3.43
21	Frasers L&I Tr	6,000	2.09	1.10
22	Bukit Sembawang	1,000	1.92	6.08
23	Ascendas Reit	2,000	1.73	2.74
24	Sembcorp Indust	1,800	1.55	2.73
25	Keppel InfraTr	9,000	1.48	0.52
26	SIA Engg	1,500	1.40	2.95
27	Frasers Property	1,800	0.95	1.67
28	Cache Log Tr	4,000	0.94	0.74
29	ST Engg	800	0.84	3.34
30	Netlink NBN Tr	3,000	0.75	0.79

Movement in my portfolio in Aug:-
Sold:- Nil
Bought:- UOB, FCOT (DRIP).
Dividends collected this month: $3,884.71

2018 avg dividends/month: $1,375.15 [15.6% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Bumper month in August.  New highest record dividend fruits harvested.  Dividends should have exceeded $4K, if OCBC pays its dividend in August like in 2017. 

2. Current worst performing counter: Duty Free Int'l (34.1% unrealised loss). 

My Stock Portfolio @ end Jul 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,000	11.73	7.44
2	SATS	4,000	6.55	5.19
3	UOB	647	5.51	27.02
4	SPH	6,000	5.51	2.91
5	CapitaLand Mall Tr	7,800	5.31	2.16
6	OCBC Bank	1,438	5.25	11.57
7	AIMSAMPI Cap Ind R	10,000	4.45	1.41
8	Starhub	7,000	3.80	1.72
9	CDL HTrust	6,800	3.47	1.62
10	Keppel Corp	1,600	3.47	6.87
11	Suntec Reit	5,800	3.37	1.84
12	FCT	4,700	3.37	2.27
13	Keppel DC Reit	7,400	3.29	1.41
14	SingTel	3,190	3.23	3.21
15	ParkwayLife Reit	3,600	3.13	2.76
16	SPH Reit	8,500	2.68	1.00
17	Starhill Global Reit	12,000	2.65	0.70
18	Mapletree Com Tr	4,800	2.45	1.62
19	Frasers Com Tr	4,904	2.20	1.42
20	CapitaLand	2,000	2.04	3.23
21	Frasers L&I Tr	6,000	1.99	1.05
22	Bukit Sembawang	1,000	1.76	5.59
23	Ascendas Reit	2,000	1.73	2.75
24	Sembcorp Indust	1,800	1.52	2.68
25	Keppel InfraTr	9,000	1.48	0.52
26	SIA Engg	1,500	1.41	2.97
27	Cache Log Tr	4,000	0.98	0.775
28	Frasers Property	1,800	0.96	1.69
29	ST Engg	800	0.86	3.42
30	Netlink NBN Tr	3,000	0.73	0.77

Movement in my portfolio in Jul:-
Sold:- Nil
Bought:- SGX
Dividends collected this month: $0

2018 avg dividends/month: $1,016.64 [16% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Top up SGX to the nearest thousand shares, just before their announcement on the final dividend in Oct and the increase in dividend payouts starting 2019.

2. Big fat "0" dividend in July.  On a brighter side, I am looking forward breaking my highest dividend harvest in August. 

3. Current worst performing counter: Duty Free Int'l (33.2% unrealised loss). 

My Stock Portfolio @ end Jun 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,800	11.21	7.17
2	SATS	4,000	6.51	5.00
3	UOB	647	5.64	26.76
4	OCBC Bank	1,438	5.45	11.64
5	CapitaLand Mall Tr	7,800	5.26	2.07
6	SPH	6,000	5.08	2.60
7	AIMSAMPI Cap Ind R	10,000	4.49	1.38
8	Starhub	7,000	3.78	1.66
9	Keppel Corp	1,600	3.73	7.15
10	CDL HTrust	6,800	3.48	1.57
11	FCT	4,700	3.38	2.21
12	Keppel DC Reit	7,400	3.28	1.36
13	Suntec Reit	5,800	3.27	1.73
14	SingTel	3,190	3.20	3.08
15	ParkwayLife Reit	3,600	3.19	2.72
16	SPH Reit	8,500	2.74	0.99
17	Starhill Global Reit	12,000	2.52	0.645
18	Mapletree Com Tr	4,800	2.45	1.57
19	Frasers Com Tr	4,904	2.20	1.38
20	CapitaLand	2,000	2.06	3.16
21	Frasers L&I Tr	6,000	2.05	1.05
22	Bukit Sembawang	1,000	1.88	5.78
23	Ascendas Reit	2,000	1.72	2.64
24	Sembcorp Indust	1,800	1.61	2.75
25	SIA Engg	1,500	1.53	3.14
26	Keppel InfraTr	9,000	1.52	0.52
27	Cache Log Tr	4,000	1.00	0.77
28	Frasers Property	1,800	0.97	1.65
29	ST Engg	800	0.86	3.29
30	Silverlake Axis	4,500	0.77	0.525

Movement in my portfolio in Jun:-
Sold:- Nil
Bought:- Frasers L&I Tr (Rights), UOB (DRIP), SGX, Astrea IVB4.35%.
Dividends collected this month: $1,359.68

2018 avg dividends/month: $1,186.08 [17.1% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. My REIT counters are in better shape while my portfolio was weighted down heavily by Starhub, SPH, SingTel and a few other STI counters. Took the opportunity to collect more SGX.

2. Window dressing last day of June returned my portfolio to positive territory (not counting dividends collected).  Trade war starting?

3. Current worst performing counter: Duty Free Int'l (36.1% unrealised loss). 

My First Bond Purchase

I have subscribed to and received allocation to the Astrea IV Private Equity Bond.

The issuance of Astrea IV Bond is the first time that a private equity bond is made available to retail investors on the cheap.  This allows me the opportunity to venture into the bond asset class.

I think very likely this signal the open of the floodgates and we will see other bonds issuance in the near future.  With the rising interest rates environment, we may see some higher yield bonds.

However, less risk does not mean no risk, and we shall only invest with money that we can afford to lose.

My Stock Portfolio @ end May 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,300	10.02	7.24
2	SATS	4,000	6.64	5.16
3	OCBC Bank	1,438	5.80	12.54
4	UOB	633	5.73	28.14
5	CapitaLand Mall Tr	7,800	5.19	2.07
6	SPH	6,000	5.08	2.63
7	AIMSAMPI Cap Ind R	10,000	4.47	1.39
8	Starhub	7,000	4.35	1.93
9	Keppel Corp	1,600	3.97	7.71
10	CDL HTrust	6,800	3.65	1.67
11	SingTel	3,190	3.37	3.28
12	Suntec Reit	5,800	3.36	1.80
13	Keppel DC Reit	7,400	3.33	1.40
14	FCT	4,700	3.31	2.19
15	ParkwayLife Reit	3,600	3.16	2.73
16	SPH Reit	8,500	2.71	0.99
17	Starhill Global Reit	12,000	2.64	0.685
18	Mapletree Com Tr	4,800	2.42	1.57
19	CapitaLand	2,000	2.23	3.46
20	Frasers Com Tr	4,904	2.21	1.40
21	Bukit Sembawang	1,000	1.96	6.10
22	Ascendas Reit	2,000	1.71	2.65
23	Frasers L&I Tr	5,000	1.71	1.06
24	Sembcorp Indust	1,800	1.70	2.93
25	SIA Engg	1,500	1.53	3.17
26	Keppel InfraTr	9,000	1.48	0.51
27	Frasers Property	1,800	1.06	1.83
28	Cache Log Tr	4,000	1.03	0.80
29	ST Engg	800	0.90	3.48
30	Silverlake Axis	4,500	0.78	0.54

Movement in my portfolio in May:-
Sold:- Nil
Bought:- Frasers L&I Tr, Frasers Comm Tr (DRIP).
Dividends collected this month: $2,974.38

2018 avg dividends/month: $1,151.36 [11.4% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Bumper month in May.  However, just missed my $3K estimate as ParkwayLife Reit pays dividend in June this year.

2. Current worst performing counter: Duty Free Int'l (36.7% unrealised loss). 

My Stock Portfolio @ end Apr 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,300	10.21	7.72
2	SATS	4,000	6.82	5.54
3	OCBC Bank	1,438	6.10	13.80
4	UOB	633	5.87	30.14
5	CapitaLand Mall Tr	7,800	5.04	2.10
6	SPH	6,000	5.02	2.72
7	Starhub	7,000	4.89	2.27
8	AIMSAMPI Cap Ind R	10,000	4.37	1.42
9	Keppel Corp	1,600	4.03	8.19
10	CDL HTrust	6,800	3.72	1.78
11	Suntec Reit	5,800	3.50	1.96
12	SingTel	3,190	3.45	3.52
13	Keppel DC Reit	7,400	3.25	1.43
14	FCT	4,700	3.24	2.24
15	ParkwayLife Reit	3,600	3.09	2.79
16	Starhill Global Reit	12,000	2.66	0.72
17	SPH Reit	8,500	2.59	0.99
18	Mapletree Com Tr	4,800	2.39	1.62
19	CapitaLand	2,000	2.31	3.76
20	Frasers Com Tr	4,849	2.09	1.40
21	Bukit Sembawang	1,000	1.91	6.20
22	Sembcorp Indust	1,800	1.70	3.07
23	Ascendas Reit	2,000	1.64	2.67
24	SIA Engg	1,500	1.50	3.25
25	Keppel InfraTr	9,000	1.49	0.54
26	Frasers Property	1,800	1.12	2.03
27	Cache Log Tr	4,000	1.03	0.835
28	Frasers L&I Tr	2,700	0.87	1.05
29	ST Engg	800	0.86	3.49
30	Silverlake Axis	4,500	0.76	0.55

Movement in my portfolio in Apr:-
Sold:- Nil
Bought:- NetLink NBN Tr.
Dividends collected this month: $0

2018 avg dividends/month: $695.60 [26.1% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Big fat "0" dividend in April.  Well, a good rest in April for the dividend harvesting in May.  Likely around $3K for me in May, as many of my holdings are paying dividends.

2. Current worst performing counter: Duty Free Int'l (31.7% unrealised loss). 

My Stock Portfolio @ end Mar 2018

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,300	10.13	7.37
2	SATS	4,000	6.56	5.13
3	OCBC Bank	1,438	5.89	12.82
4	UOB	633	5.57	27.50
5	CapitaLand Mall Tr	7,800	5.19	2.08
6	Starhub	7,000	5.05	2.30
7	SPH	6,000	4.83	2.52
8	AIMSAMPI Cap Ind R	10,000	4.35	1.36
9	Keppel Corp	1,600	3.97	7.77
10	CDL HTrust	6,800	3.67	1.69
11	Suntec Reit	5,800	3.50	1.89
12	SingTel	3,190	3.44	3.37
13	Keppel DC Reit	7,400	3.41	1.44
14	FCT	4,700	3.29	2.19
15	ParkwayLife Reit	3,600	3.22	2.80
16	Starhill Global Reit	12,000	2.80	0.73
17	SPH Reit	8,500	2.70	0.995
18	Mapletree Com Tr	4,800	2.41	1.57
19	CapitaLand	2,000	2.28	3.57
20	Frasers Com Tr	4,849	2.22	1.43
21	Bukit Sembawang	1,000	1.95	6.11
22	Sembcorp Indust	1,800	1.79	3.11
23	Ascendas Reit	2,000	1.68	2.63
24	Keppel InfraTr	9,000	1.54	0.535
25	SIA Engg	1,500	1.53	3.18
26	Frasers Property	1,800	1.15	2.00
27	Cache Log Tr	4,000	1.07	0.835
28	Frasers L&I Tr	2,700	0.94	1.09
29	ST Engg	800	0.92	3.59
30	Silverlake Axis	4,500	0.77	0.535

Movement in my portfolio in Mar:-
Sold:- Nil
Bought:-Ascendas Reit, Starhill Global Reit, Sasseur Reit (IPO).
Dividends collected this month: $312.24

2018 avg dividends/month: $927.47 [26.1% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Four-in-a-row success with the Sasseur Reit IPO.  However, this is against my usual rule of avoiding China REITs.

2. Starhub and SPH, two of my original foundation stocks, performed badly and turned red.  At one time, they were about 40% of my portfolio. Now, they are less than 10% and I hope they can recover like Keppel Corp.

3. Current worst performing counter: Duty Free Int'l (30.3% unrealised loss).