2021 Portfolio Review (Part 2)

Stock Market is a dangerous place. However, placing money in the bank would also erode value as the bank interest is near to nothing.

Portfolio Restructuring 2021:

A. Foundation Stocks (3, max 10%):
1. SGX
2. ParkwayLife Reit
3. UOB

B. Core Stocks (10, max 5%):

Decent dividends and healthy safety margin (%) from my break-even cost (including dividends):

1. Keppel DC Reit (102%)
2. OCBC (41%)
3. FCT (31%)
4. Frasers L&C Tr (77%)
5. AIMS APAC Reit (38%)
6. Mapletree Com Tr (43%)
7. Ascendas Reit (23%)
8. Starhill Global Reit (35%)
9. ST Engg (18%)
10. Mapletree Indust Tr (0%) (new addition in 2021, no safety margin built up yet)

C. Reserved list for Core Stocks (4, max 5%):

Decent dividends with healthy safety margin (%) from my break-even cost (including dividends). Not buying more and holding for further action.

1. CapitaLand I Comm Tr (51%) (Gearing > 40%)
2. Suntec Reit (34%) (Gearing > 40%)
3. Netlink NBN Tr (35%) (Growth opportunity other than from the so "big" Singapore?)
4. Cromwell Reit Euro (16%)

D. Turbo-chargers (3, max 3%):

Dividends boaster with healthy safety margin (%) from my break-even cost (including dividends):

1. KepPacOak Reit (43%)
2. Keppel InfraTr (43%)
3. Sasseur Reit (29%)

E. Bonds and ETFs:

Not looking at bonds and ETFs until now.  Will research and probably increase allocation for this type of asset class in the future.

F. Deadwoods to trim:

To get rid of:

1. SingTel, current 0% gain (My first stock. Terrible, only at breakeven after so many years!)
2. CDL HTrust, current 16% gain
3. Sembcorp Indust, current 15% loss
4. Frasers Property, current 5% loss

Also, I will do quarterly review on the above allocation.

Wishing everyone Happy New Year and a Healthy and Prosperous 2022.

2021 Portfolio Review (Part 1)

Working >50% time at home with minimal social gathering and meet-ups with friends, 2021 sped by like a rocket.  I am not an artistic person and never imagine that I will be doing ART every week...(before going back to office).

Stayed in hospital for a week (not covid).  This was a wake-up call for me. I start exercising 4-5 days a week, when not going back to office. Do feel improvement in personal health and fitness. 

Well, time to do a final review on my portfolio's performace in 2021.

Top 30 positions of my portfolio at end 2021:
1. SGX
2. ParkwayLife Reit
3. UOB
4. Keppel DC Reit
5. OCBC
6. FCT
7. Frasers L&C Tr
8. AIMS APAC Reit
9. CapitaLand I Comm Tr
10. Mapletree Com Tr
11. Mapletree Indust Tr
12. Ascendas Reit
13. Keppel Corp
14. SPH Reit
15. Suntec Reit
16. CDL HTrust
17. Starhill Global Reit
18. SingTel
19. ST Engg
20. CapitaLand Invest
21. Keppel InfraTr
22. Bukit Sembawang
23. Cromwell Reit Euro
24. VICOM
25. Netlink NBN Tr
26. Sembcorp Indust
27. Frasers Property
28. UOB AP GRN REIT ETF
29. KepPacOak Reit
30. AstreaIVB4.35%

Total dividends collected in 2021: $19,218.30
Average monthly dividends: $1,601.52
Portfolio yield: 4.64%

Added in 2021:

ARA LOGOS Log Tr, MINT, SGX, ParkwayLife Reit, UOB,  KDC, Cromwell Reit, MCT, SPH Reit, ST Engg, AIMS APAC Reit, UOB AP GRN REIT ETF.

Sold in 2021 (part of portfolio restructuring):

1. ARA HTrust (41.5% loss) (from initial investment including dividends):
- Victim of the Covid pandemic, zero dividend...... 
- Gearing near 50%, may ask for money......

2. SATS (42.1% gain)
- Another victim of the Covid pandemic, zero dividend......
- Took profit and money re-deployed to SGX and ParkwayLife Reit.

3. SIA Engg (30.5% loss)
- Another victim of the Covid pandemic, zero dividend......
- Trimmed as part of portfolio restructuring.
- Money re-deployed to UOB.

4. Silverlake Axis (32.2% loss)
- Trimmed as part of portfolio restructuring.
- Money re-deployed to UOB.

Good-bye (Delisted/Merger/Restructured):

1. Accordia Golf Trust (26.8% gain)
- Final payout received and delisted.

2. CapitaLand (31.7% gain)
- Restructured to new CapitaLand Invest.

3. ARA LOGOS Log Tr (55.5% gain)
- I have no confidence on the proposed merger with ESR Reit.
- Took profit and money re-deployed to ST Engg.

Top Dividend Contributors: 

1. SGX (10.8%):
- 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. UOB (6.6%):
- Good old UOB continues paying dividends.

3. FCT (6.2%):
- This sub-urban retail reit is doing fine in this difficult year.  3rd dividend contributor despite only #6 in my portfolio. 

In 2020, the top 3 dividend contributors accounted for 26.7% of my total dividends.  In 2021, the top 3 dividend contributors accounted for 23.6% of the total dividends.

Next, some New Year fun and amusement. 

Dividend Yield Winners (龙虎榜):

1. KepPacOak Reit (8.63%):
- Could be next merger with......

2. Prime US Reit (8.52%) 
- possible merging to form a bigger US REIT?

3. Sasseur Reit (8.45%)
- Small turbo-charger holding.

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. Keppel DC Reit (102.3% gain):
- Added more this year to make up core stock weightage.

2. SGX (81.9% gain):
- Added more in 2021, funded from SATS.

3. Frasers L&C Tr (77.4% gain):
- Looking to add more in 2022.

Unrealised Return Losers (狗熊榜): 

1. Duty Free Int'l (52.2% loss)
- Tiny holding, not worth selling..... 

2. Sembcorp Indust (14.9% loss)
- Deadwood to remove...

3. Keppel Corp (9.5% loss)
- Still got hope?

I have too many counters and I decided to do a restructuring to my portfolio (more of this on Part 2......) 

Wishing everyone Happy New Year and a Healthy and Prosperous 2022.