My Investment Portfolio - SG (End May 2023)

 

Transactions made:
- Added 2,000 units of Ascendas Reit at $2.75

The last time I purchased a stock was in Feb. I am glad to have bought something again after three months. Ascendas Reit is a stock in which I had been eyeing and I am glad to have added it as it gives a yield of just above 5%. This purchase is really for the long term as the USA Fed Bank may not be cutting interest rate this year. I had also added more of this stock at $2.69 for my wife's portfolio.

In the meantime, I am keeping a close watch on the other Reits and even Singapore Banks. Mapletree Industrial Trust has dropped quite a fair bit and the price looks so tempting. I might add on the stock next week if it continues to drop. 

As for the Singapore banks, I am keeping a close watch because historically they tend to peak 6 months before USA Fed Bank cut the rates. They have already fallen from the peak and now the question is how much more will the price drop.  I am actually looking at purchasing more DBS at around $25.5 as the price to book ratio will be 1.2 then. Currently, DBS price is at $30.6 with a book value of $21.41. This means its price to book ratio is 1.43, which is above its 5 years average. 

One interesting note. There has been sexy big terms in investing such as Sustainable Investing, Responsible Investing, Eco-Investing, Green Investing and the list goes on and on. Recently, I noticed a new term called Impact Investing. We humans are really good at innovation and marketing. 

Dividends received* during the month: $4,082.18 (Suntec Reit, Astrea 7 Class A-1 Bonds (4.125%), Raffles Medical, DBS, Mapletree Logistics Trust, Oversea-Chinese Banking Corp Ltd, ComfortDelGro, Wilmar, Keppel Corp, Singapore Technologies Engineering Ltd)

Total dividends received in 2023: $7,603.03

Average dividends per month^: $633.59

Total Portfolio Market Value: $340,214.4

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, T-bills and Foreign Stocks

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Apr 2023)

 

No transactions were made in the month of April 2023. 

I have been looking out for months, but has not bought anything. Not much opportunities and I have been telling myself to be patient, but I must say that I am getting very trigger happy. I also did not have any luck in T-bills balloting.

Meanwhile, I have been monitoring the stocks result especially REITS as they are facing higher borrowing cost. thanks to a friend who noticed and pointed out that Mapletree Industrial Trust has reported a negative loss for 4th Q FY22/23.

Mapletree Industrial Trust 4Q FY2223

As shown in the image above, Mapletree Industrial Trust reported a $110 million loss in "Net fair value (loss)/gain on investment properties and investment property under development". This resulted in a loss for the quarter. Quite disappointed that Mapletree Industrial Trust is not transparent and share with shareholders the reason for this $110 million loss.  They should explain this in their powerpoint without anyone asking. 

 

Dividends received* during the month: $984.4 (DBS)

Total dividends received in 2023: $3,520.85

Average dividends per month^: $293.40

Total Portfolio Market Value: $349,540.4

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, T-bills and Foreign Stocks

^ Divided by 12 months regardless of month of the year.