Portfolio - 18 Aug 17

Commentary

Jul and Aug 17. I have made a change in my investment strategy. I begin to think that investing for income to ensure cashflow will be important when I reach my forties. Therefore, I will start to invest in positions that will yield me a decent amount of dividends moving forwards.

Raffles Medical has lost a fair bit of ground due to stagnant revenue. I believe the counter will suffer within the next one or two years but revenue grow will pick up again once the hospitals in China is ready and operational.

Positions Added/Reduced

I have added positions for Ascott REIT, Ascendas REIT, AIMPSAMP, Manulife REIT. These are the top performers in their sector. AIMPSAMP and Manulife REIT are added due to their attractive yield (>7%)

I have also added positions in Schlumberger. The biggest oil field service providers with a decent dividend yield at 3% despite the doldrums in the oil and gas markets.

I am also thinking hard if I had made the right decision for transocean. The counter is taking on alot of risk with the acquisition of Songo Offshore. The aggressive move while strategically makes sense but the paying a high price and taking on leverage might not make sense as the near term when the offshore industry is in a bad shape.

Cash is 27%of my portfolio. 

Counter (Singapore) 
1. RafflesMG

2. CDL HTrust 

3. Capitaland 

4. CapitalR China Tr 

5. Capitaland Commercial Trust

6. Manulife REIT USD

7. Ascott REIT

8. Ascendas REIT

9. AIMSAMP CAP REIT

Counter (USA)
1. VNGRD ENERGY 
2. Transocean

3. Schlumberger

Realised Gains (Since 2009) 
SGX Counters - S$144,030.22 + US$240.35
US Counters - US$1,479.71

Dividends (Since 2009) 
S$60,330.59

Dividends (2017)

S$3,819.39