Wednesday 31 January 2024

My Investment Portfolio - SG (End Jan 2024)

Transactions:

- Added 4,000 units of Mapletree Log Trust at $1.54

I never expected to make any buy transactions in January. But when my T bills applications kept being unsuccessful coupled with current T bills maturing, and Reits going down again, I decided to deploy my warchest. A few stocks that caught my eyes include Mapletree Industrial Trust, Mapletree Logistic Trust and Raffles Medical. 

For Mapletree Industrial Trust, it is already my biggest holding, hence I decided to add only if it goes lower. 

For Raffles Medical, with foreigners returning and the fact patients are not as price sensitive when it comes to medical especially for serious conditions, I wanted to buy Raffles Medical. Their China play was also attractive. "Was" is the keyword as the context has just changed again.

China play which was attractive in the past is now the bottleneck. This is for both Raffles Medical and Mapletree Logistics Trust. Is China economy recovering or does it need to undergo a bigger scale  industry transformation and restructuring? It looks like it is the latter, which if true will take sometime.  But as usual, I cannot predict the future and cannot time the market. I decided to add on Mapletree Logistics Trust due to its strong track record and also the fact that it in other countries too. If Raffles Medical and Mapletree Industrial Trust drops lower, I think my itchy fingers will be triggered. 

January has typically been the month when I have a dry harvest (i.e. no dividends at all). It continued to be this way for 2024. I hope to start collecting a small amount of dividends in Februray, followed by a bumper harvest in March. 

Dividends received* during the month: $0

Total dividends received in 2023: $0

Average dividends per month^: $0

Total Portfolio Market Value: $364,647


* 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. 

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