2015 Portfolio Review (Part 1): Winners and Losers

Time flies and 2015 is ending soon.  All my tradings are done and all dividends are collected.  It is time to review my portfolio's winners and losers in 2015.

Top Dividend Contributors: 

1. Starhub (13.82%):
- 4th telco looming, but consistent Starhub is still the top dividend contributor.

2. SGX (12.62%):
- SGX has dividend payout every quarter, almost like a REIT.

3. SPH (10.88%):
- Good old SPH is one of the consistent contributor to my dividend incomes.

Dethroned: SPH (2014). 

In 2014, the top 3 dividend contributors accounted for 46% of my total dividends.  In 2015, the top 3 dividend contributors accounted for just 37% of the total dividends. So, a bit of diversification.

Next, some Christmas fun and amusement. 

Dividend Yield Winners (龙虎榜):

1. Boustead (37.18%):
- Special dividend payout (I considered the free Boustead Proj shares as special dividend from Boustead).
- Huge weakening of Boustead stock value after spinning off Boustead Project.  Current price is less than my breakeven price.
- Should have sold after getting the special dividend.

2. Keppel Infra Trust (10.92%)
- Special dividend payout, after merging with CitySpring.
- Have been holding CitySpring since its IPO.  Not a concern to me as its current price is higher than my breakeven price.

3. HPHT (9.19%)
- Highest dividend payer from STI component stocks.  Current price is less than my average price and breakeven price.
- Not too much concern to me as it is just 1% of my portfolio.
- May probably average down. 

Dethroned: HPHT (2014).

Dividend Yield Losers (老鼠榜): 

1. Capitaland (2.70%): 
- Sleeping giant.  I am still waiting for it to wake up to its potential and hoping its dividend could increase.
- Capitaland retains the trophy for this category. 

2. SATS (3.60%): 
- The share price has increased, but dividends remain the same.

3. SGX (3.81%): 
- Hope the increase in dividend in November could be sustained.

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 (83.7% gain):
- This is one of my foundation stocks and will remain for keep.

2. CapitaMall Trust (44.1% gain):
- Will stay for dividends.

3. SATS (35.6% gain):
- Will stay for dividends and possibly growth.

Dethroned: Sing Post (2014).

Unrealised Return Losers (狗熊榜):

1. Keppel Corp (18.3% loss)
- Fallen giant.  Stock value depressed due to low oil price.
- May probably average down. 

2. SIA Engg (16.9% loss)
- Probably could recover some loss after next dividend payout.

3. HPHT (15.3% loss)
- Double winner HPHT failed to defend the 2 titles it won in 2014.

Dethroned: HPHT (2014).

Wishing everyone a Merry Christmas and a Prosperous 2016.

IPO - BHG Retail REIT - Immensely Priced Offering?

First, and probably only mainboard IPO in 2015.

China retail operator BHG Retail REIT launched an initial public offering of units at an offering price of $0.80 per unit.

The timing for this retail REIT IPOs is just not right now due to uncertainties caused by imminent interest rates hike, decline in retail outlook due to online shopping competition, etc.

Some of the business trust and REITS IPOs are indeed Immensely Priced Offerings:
- Rickmers Maritime Trust: IPO $1.57, current $0.134 (payment of dividend stopped)
- Indiabulls Trust: IPO $1, current $0.26
- Keppel Infra Trust (previously CitySpring): IPO $0.89, current $0.515
- HPH Trust: IPO US$1.01, current US$0.54
- Accordia Golf Trust: IPO $0.97, current $0.56
- Asian Pay TV Tr: IPO $0.97, current $0.73 
- Croesus Rtrust: IPO $0.93, current $0.80 
- Ireit Global: IPO $0.88, current $0.68
- FEHT: IPO $0.93, current $0.64
- FHT: IPO $0.88, current $0.735
- OUE Hospitality Trust: IPO $0.88, current $0.795
- Ascendas-hTrust: IPO $0.88, current $0.66
- OUE C-REIT: IPO $0.80, current $0.68
- Sabana REIT: IPO $1.05, current $0.73
- Viva Ind Tr: IPO $0.78, current $0.70

Only a few of the recent Reit IPOs buck the trend:
- SPH Reit: IPO $0.90, current $0.94
- Keppel DC Reit: IPO $0.93, current $1.04
- Cache Log Trust: IPO $0.88, current $0.91  

I think it is very likely that the IPO of BHG Retail REIT will be poorly subscribed because of current poor investor sentiment.  And more than likely that BHG Retail REIT will join the group of Immensely Priced Offerings.

2015 December Fixed Deposit Rates Update - 1.80% P.A.

First some clarifications: Fixed Deposit is not for real investment.  My review on Singapore's FD is limited to S$50,ooo and below; and tenure term not exceeding 12 months.  Fixed Deposit is for parking the emergency fund and allowing immediate access to the fund when needed.  These are also based on the following considerations:

1. Singapore's Deposit Insurance Scheme maximum coverage up to S$50,ooo only.

2. Long tenure term will potentially affect your cash-out value for your emergency fund, as you may suffer a penalty fee for early withdrawal.

Back to the update:    

The highest interest rate in the market now is 1.80% p.a., offered by 3 banks:

1. CIMB Bank

CIMB Bank's 12-months FD rates of 1.80% p.a. is currently the highest in Singapore, with the lowest Minimum Placement Sum of $10,000.

This promotion is for fresh fund only and excludes any renewal of CIMB fixed deposit.  

There are only two branches of CIMB Bank in Singapore:
1. Orchard Road (270 Orchard Road #03-02, Knightsbridge),
2. Raffles Place (50 Raffles Place #01-02, Singapore Land Tower).

2. Maybank

The promotional interest rate is 1.80% p.a. for 12 months tenure.  Minimum placement sum is $25,000.

This promotion is for fresh fund and for a limited period. 

3. Standard Chartered Bank

The promotional interest rate is 1.80% p.a. for 12 months tenure.  Minimum placement sum is $25,000.

This promotion is for fresh fund and for a limited period. 


The fixed deposit rates in Singapore do appear to be creeping up.  Please let me know if there is better offer in the market.

My Stock Portfolio @ end Nov 2015

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,000	16.44	7.54
2	Starhub	6,700	13.26	3.63
3	SPH	5,000	10.95	4.02
4	SATS	3,000	6.46	3.95
5	SingTel	2,190	4.57	3.83
6	AIMS AMPI Reit	5,900	4.29	1.335
7	CapitaMall Trust	4,000	4.15	1.905
8	Suntec Reit	4,900	4.10	1.535
9	OCBC Bank	815	3.85	8.67
10	Keppel Corp	1,000	3.57	6.55
11	Starhill Global	8,000	3.29	0.755
12	CapitaLand	2,000	3.29	3.02
13	SPH Reit	5,800	2.92	0.925
14	ParkwayLife Reit	1,800	2.23	2.27
15	CDL HTrust	3,000	2.16	1.32
16	FCT	2,000	2.02	1.85
17	SIA Engg	1,000	1.97	3.61
18	Sembcorp Ind	1,000	1.77	3.25
19	Keppel InfraTr	6,000	1.67	0.51
20	Keppel DC Reit	2,700	1.55	1.05
21	ST Engg	800	1.25	2.86
22	HPH Trust	3,000	1.24	0.54
23	FCOT	1,000	0.70	1.285
24	FE HTrust	1,900	0.64	0.615
25	MapletreeCom	900	0.64	1.295
26	Saizen Reit	900	0.53	1.09
27	Boustead	1,000	0.50	0.915

Movement in my portfolio in November:-
Sold:- Nil.
Bought:- ST Engg, Keppel DC Reit.

Dividends collected in November: $1,152.27
2015 avg dividends/month: $738.44 [39.8% up at this stage cf. 2014]

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


Comments:
1. November is the 3rd best month of the year for me, after May and August.

2. Got another "S" counter into my "S" collection.  A bit like collecting stamps in my childhood days.

3. Hike or no hike? It is better to just get over this inevitable thing.