Monday 9 August 2021

Foreign Portfolio Jul 21 Update - Sold SEA and bought Amazon


Transactions made in the month:
- Sold 11 units of SEA Limited at USD 269.035
- Bought 1 unit of Amazon at USD 3343.91

Ironically, I sold my SEA Limited at USD 269.035. Did not wait further as I wanted to switch the fund into Amazon. Now SEA Limited has really broke the 300 psychological barrier which I wrote about last month. What a bad decision.

I went into Amazon as it went down by more than 5% when its result came out. The stock was sold down due as it did not meet the revenue target and with slowing growth being prospected in. It is still a good stock to hold and is still growing. I will help fund Bezo next space trip with this 1 unit. 

What is concerning is how China regulators are causing havoc to the stock market. Edutech stocks have deep dive while tech and gaming stocks have been battled due to regulatory concerns. I have quite a big exposure to Alibaba and have been deliberating whether to add on to it. It is already my biggest holding in my foreign portfolio. 

Monday 2 August 2021

My Investment Portfolio - SG (End Jul 2021) - $300k milestone

No transactions were made in the month of July.

My portfolio market value crossed the $300,000 milestone reaching $307k although no transactions were made. The value increased mainly due to Raffles Medical good results. Other counters such as DBS, Mapletree Industrial Trust, Mapletree Logistic Trust, Frasers Logistics and Commercial Trust, Ascendas Reit and ST Engineering also played a part. 

Back in May, I shared about why I added on to Raffles Medical. It is important to note that this is not a dividends counter and that their China Hospitals are still under gestation. 

Our 3 local banks are going to report their results this week and with MAS announcing the lift of dividend restrictions, we can expect better dividends amount ahead. 

Keppel Corp has just announced that they are acquiring SPH non media business. Keppel Corp is my 3rd largest holding. In the short term, Keppel Corp will have higher debt, but in the long term this should be good for shareholders. 

The best part is the PBSA portfolio which is valued at S$1.4 billion with a yield of 5%. This would be foothold for Keppel Corp to get into this sector and potential IPO it in the future. As for the Genting Lane DC, it could be divested to Keppel DC. What I really do not like is the M1 business. The telco business is already so competitive with cut throat prices. 

I have not gone into SPH past slides to see what are the returns like for Senior Living and Urban Development. I will be watching the developments before I decide whether I should trim down or sell off Keppel Corp entirely. 

Dividends received* during the month: $0    

Total dividends received in 2021: $4,584.82

Average dividends per month: $382.07

Total Portfolio Market Value: $307,824.75

*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, Foreign Stocks, Crypto and Stashaway