My Stock Portfolio @ end Apr 2017

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,000	11.02	7.40
2	SPH	6,000	7.75	3.47
3	Starhub	7,000	7.27	2.79
4	SATS	3,000	5.68	5.09
5	OCBC Bank	1,438	5.25	9.80
6	UOB	613	4.97	21.80
7	CapitaLand Mall Tr	6,700	4.91	1.97
8	AIMS AMPI Reit	7,700	4.00	1.395
9	Keppel Corp	1,600	3.88	6.51
10	Suntec Reit	5,800	3.82	1.77
11	SingTel	2,690	3.74	3.74
12	FCT	4,700	3.69	2.11
13	ParkwayLife Reit	3,600	3.43	2.56
14	Keppel DC Reit	7,400	3.42	1.24
15	SPH Reit	8,500	3.12	0.985
16	Mapletree Com Tr	4,800	2.85	1.595
17	Starhill Global Reit	9,800	2.81	0.77
18	CapitaLand	2,000	2.80	3.76
19	CDL HTrust	4,800	2.77	1.55
20	Frasers Com Tr	4,600	2.29	1.34
21	Sembcorp Indust	1,800	2.03	3.03
22	SIA Engg	1,000	1.39	3.74
23	FCL	1,800	1.27	1.90
24	Keppel InfraTr	6,000	1.16	0.52
25	ST Engg	800	1.13	3.79
26	Frasers L&I Tr	2,700	1.02	1.01
27	Cache Log Tr	2,700	0.87	0.865
28	Silverlake Axis	3,600	0.76	0.565
29	FE HTrust	2,800	0.63	0.60
30	Accordia Golf Tr	900	0.25	0.745

Movement in my portfolio in April:-
Sold:- Nil
Bought:- CDLHT, Silverlake Axis
Dividends collected in Apr: $0
2017 avg dividends/month: $551.68 [38.3% down at this stage cf. 2016]

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.  Set to be a record dividend month for me in May, as 19 of my holdings are paying dividends and my monthly dividends will cross $3K for the first time.

2. Keppel Corp and Sembcorp Industries declined again.  Probably not out of the woods yet. 

3. Current worst performing counter: SIA Engg (13.2% unrealised loss).

My Stock Portfolio @ end Mar 2017

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,000	11.52	7.70
2	SPH	6,000	7.96	3.55
3	Starhub	7,000	7.54	2.88
4	SATS	3,000	5.47	4.88
5	OCBC Bank	1,438	5.23	9.72
6	UOB	613	5.07	22.11
7	CapitaLand Mall Tr	6,700	4.93	1.97
8	Keppel Corp	1,600	4.15	6.94
9	AIMS AMPI Reit	7,700	3.99	1.385
10	SingTel	2,690	3.94	3.92
11	Suntec Reit	5,800	3.88	1.79
12	FCT	4,700	3.71	2.11
13	ParkwayLife Reit	3,600	3.39	2.52
14	Keppel DC Reit	7,400	3.32	1.20
15	SPH Reit	8,500	3.11	0.98
16	Starhill Global Reit	9,800	2.77	0.755
17	Mapletree Com Tr	4,800	2.75	1.53
18	CapitaLand	2,000	2.71	3.63
19	Frasers Com Tr	4,600	2.20	1.28
20	Sembcorp Indust	1,800	2.14	3.18
21	CDL HTrust	3,900	2.09	1.435
22	SIA Engg	1,000	1.42	3.69
23	FCL	1,800	1.17	1.735
24	Keppel InfraTr	6,000	1.14	0.51
25	ST Engg	800	1.12	3.73
26	Frasers L&I Tr	2,700	0.99	0.985
27	Cache Log Tr	2,700	0.85	0.845
28	FE HTrust	2,800	0.63	0.60
29	Silverlake Axis	2,700	0.58	0.57
30	Accordia Golf Tr	900	0.25	0.735

Movement in my portfolio in March:-
Sold:- Nil
Bought:- FCOT, SingTel, SPH Reit, Silverlake Axis
Dividends collected in Mar: $343.65
2017 avg dividends/month: $735.58 [38.3% down at this stage cf. 2016]

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

Comments:
1. No chance for further deployment of warchest even after the rate hike in March.  Locking up the warchest for good now.

2. Dividend received YTD 38.3% down due to the lost of Saizen Reit's contribution.  However, 3+9 full year dividend projection finally fully covered Saizen Reit's contribution (inclusive of special dividend).

3. When is Seletar Mall getting into SPH Reit?  Neck is getting long while the waiting game goes on.

4. Long time losing counter Keppel Corp turned positive this month.  The worst of O&G sector could be over?

5. Current worst performing counter: SIA Engg (14.2% unrealised loss).

My Stock Portfolio @ end Feb 2017

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,000	11.58	7.50
2	SPH	6,000	8.11	3.50
3	Starhub	7,000	7.78	2.88
4	SATS	3,000	5.79	5.00
5	OCBC Bank	1,438	5.25	9.46
6	CapitaLand Mall Tr	6,700	5.10	1.97
7	UOB	613	5.09	21.50
8	Keppel Corp	1,600	4.21	6.81
9	AIMS AMPI Reit	7,700	4.03	1.355
10	Suntec Reit	5,800	3.87	1.73
11	FCT	4,700	3.63	2.00
12	ParkwayLife Reit	3,600	3.38	2.43
13	Keppel DC Reit	7,400	3.37	1.18
14	SingTel	2,190	3.33	3.94
15	SPH Reit	7,600	2.85	0.97
16	CapitaLand	2,000	2.81	3.64
17	Starhill Global Reit	9,800	2.80	0.74
18	Mapletree Com Tr	4,800	2.78	1.50
19	Sembcorp Indust	1,800	2.22	3.20
20	CDL HTrust	3,900	2.13	1.415
21	Frasers Com Tr	3,700	1.81	1.27
22	SIA Engg	1,000	1.42	3.69
23	FCL	1,800	1.16	1.675
24	Keppel InfraTr	6,000	1.15	0.495
25	ST Engg	800	1.14	3.68
26	Frasers L&I Tr	2,700	1.02	0.975
27	Cache Log Tr	2,700	0.85	0.82
28	FE HTrust	2,800	0.63	0.585
29	Silverlake Axis	1,800	0.39	0.56
30	Accordia Golf Tr	900	0.26	0.75

Movement in my portfolio in February:-
Sold:- Nil
Bought:- Silverlake Axis, Capitaland Mall Trust
Dividends collected in Feb: $1,714.16
2017 avg dividends/month: $931.54 [41.3% up at this stage cf. 2016]

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

Comments:
1. Sleeping giant Capitaland is waking up.  First time the counter is positive since the beginning of this blog.

2. Unable to sell Starhub the first two days after the announcement of the dividend cut.  As the price has stabilized, I decided to keep Starhub and will reduce my exposure by adding to other counters.  After all, Starhub still produce a decent 5+% dividend yield.

3. Current worst performing counter: SIA Engg (14.2% unrealised loss).

Starhub...and Capitaland

As expected, the selldown of Starhub was furious on Monday.  Starhub dropped 20 cents at market close.  This means a wipe out of more than one full year of the proposed dividend payout (16 cents) in one trading day.

I also placed 2,000 units of Starhub for sell but did not manage to sell any.  Well, let see tomorrow...

A more happy circumstance for Capitaland.  The sleeping giant finally show sign of waking up.  Capitaland is a red counter in my portfolio since the beginning of this blog and it has turned green today.

Starhub - 20% Dividend Cut

Finally it happens.

I bought Starhub after it lost the English Premier League broadcast rights to SingTel.  The steady flow of 20 cents dividends a year or 5 cents a quarter finally comes to an end.

Starhub announced after Friday market close that the company will be paying 4 cents a quarter or 16 cents for financial year 2017.

Starhub was a good dividend master all these year.  It is one of my core holdings and accounted for more than 20% in my portfolio in my earlier days.

I have gradually reduced my exposure to Starhub over the years and it is now just above 8% in my portfolio.  This 20% dividend cut means about 2% reduction in my dividend harvest.  Painful but still tolerable for a 5+% yield.

I am expecting a selldown of Starhub shares when the market opens on Monday.  Perhaps I should sell some Starhub too?   

My Stock Portfolio @ end Jan 2017

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,000	11.68	7.42
2	Starhub	7,000	8.18	2.97
3	SPH	6,000	8.15	3.45
4	SATS	3,000	6.23	5.28
5	OCBC Bank	1,438	5.31	9.39
6	UOB	613	5.05	20.92
7	CapitaLand Mall Tr	5,800	4.43	1.94
8	AIMS AMPI Reit	7,700	4.12	1.36
9	Suntec Reit	5,800	3.95	1.73
10	Keppel Corp	1,600	3.89	6.17
11	FCT	4,700	3.70	2.00
12	Keppel DC Reit	7,400	3.48	1.195
13	ParkwayLife Reit	3,600	3.44	2.43
14	SingTel	2,190	3.34	3.87
15	Starhill Global Reit	9,800	2.95	0.765
16	SPH Reit	7,600	2.90	0.97
17	Mapletree Com Tr	4,800	2.89	1.53
18	CapitaLand	2,000	2.59	3.29
19	Sembcorp Indust	1,800	2.23	3.15
20	CDL HTrust	3,900	2.17	1.415
21	Frasers Com Tr	3,700	1.83	1.255
22	SIA Engg	1,000	1.37	3.49
23	Keppel InfraTr	6,000	1.17	0.495
24	FCL	1,800	1.12	1.575
25	ST Engg	800	1.04	3.30
26	Frasers L&I Tr	2,700	1.00	0.94
27	Cache Log Tr	2,700	0.86	0.81
28	FE HTrust	2,800	0.66	0.60
29	Accordia Golf Tr	900	0.24	0.67
30	Saizen Reit	1,800	0.04	0.051

Movement in my portfolio in January:-
Sold:- Nil
Bought:- Starhill Global Reit, Keppel DC Reit.

Dividends collected in Jan: $148.92
2017 avg dividends/month: $148.92 [6.3% down at this stage cf. 2016]

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

Comments:
1. January is a traditional weak dividend month.  Despite the increase in portfolio size compared to Jan 2016, the dividend collected this January was actually lower after the divestment of Boustead.

2. STI has managed to stay above 3,000.  Though not seeing much fundamental changes in the market, the bull is winning at the moment.

3. Current worst performing counter: SIA Engg (18.3% unrealised loss). Still pondering whether to average down...

Reit History: Sabana Reit

There is now an on-going movement by a group of minority unitholders for a proposal to remove the Manager of the Sabana Reit.  This is unprecedented in Singapore Reits.  As a Reit investor, I do hope for their success as this would be a wakeup call for all the other Reit managers.

Sabana Reit is the first and only Shari'ah Compliant Reit in Singapore.  Shari'ah Compliant Reits must have taken a certain level of commitment towards partaking in activities that are deemed to be acceptable according to principles of Islamic jurisprudence.  These include refraining from taking in tenants that are not seen to be aligned with Islamic values such as alcoholic beverages dealers, karaoke lounges, wine cellars, etc.

Beside the need for compliant to SGX listing rules, Shari’ah Compliant Reit is also subjected to Shari’ah audit.

I dug out the short history of Sabana Reit from the Internet and I am particularly interested on its placements and rights issues in the past.

Nov 2010:
- IPO at $1.05. First Shari’ah Compliant Reit in Singapore. 
- 15 properties in its initial portfolio
- End 2010, unit price $0.98

2011: 
- Acquired 5 properties
- End 2011, unit price $0.88

2012: 
- Acquired 1 property
- End 2012, unit price $1.14 

2013: 
- Private Placement at $1.00 (to acquire 508 Chai Chee Lane)
- End 2013, unit price $1.08

2014:
- Acquired 1 property
- End 2014, unit price $0.94

2015:
- End 2015, unit price $0.72

2016: 
- Divested 2 properties
- End 2016, unit price $0.38
(unit price plunged on news of the proposed right issues)

2017:
- Renouceable Rights: $0.258 (42 for 100) 

I did not follow Sabana Reit in its early days, the early history may not be complete or accurate.  Someone in the know please correct my error(s).

This is another IPO that I missed as I was not in Singapore at Sabana Reit's IPO.  Don't really know if can breakeven now if I got in at IPO?  I have quite a few toxic IPOs over the years, e.g., CitySpring (now Keppel Infra Tr), Yellow Pages, HPH Trust and Rickmers. 

Sabana Reit actually did not ask for money often, unlike some Reits that asked for money every year, e.g. Viva Ind Tr and Fraser Htrust.

Is it enough blood in the street?  I may "busybody" a bit and buy some Sabana Reit.

I do not know which path Sabana Reit will go.  Will Sabana Reit reborn like Macarthurcook Industrial Reit (AIMSAMP Capital Industrial Reit) and Allco Reit (Frasers Commercial Trust)? Buy out like Saizen Reit? Or challenge Indiabulls Trust for the title of the worst Reit/business trust?