Portfolio Update April 2017

Dividend by month

1) singtel
2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit suntec
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit sci suntec
6) tcil ocbc
7) singpost
8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit
9)  uob tcil cdg netlink sci
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit suntec
12) sph ksh ock


Remarks:

Add mit.

Reentered suntec at around 190, as pb ratio and yield started to become favourable again.

Added nlpm at around 36c. unknown reason for small selldown today. to me, it means value.

starhill remains weak. dpu 1.09.  won't add more for now though pb ratio favourable.

fct suntec still showed yoy rise in dpu



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Counters get rebalanced periodically as and when the opportunities arise.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.

low keng huat

i used to hold his counter, got in at around 54c, took 1 round of 4c dividend but got out at 68c.
normally, my preferred holding time is mid to long range.

however, when i saw the 2-3quarter earnings of this company, i figured that it was unlikely to sustain an earnings to be able to pay out 4c this year.

true enough, eps whole year dropped and dividend cut to 2c, and the price retreated accordingly. minus this round of dividends, it might go closer to 60c. if its unable to keep up to its previous 4c dividend, the yield would be too low for me.

i know some people mentioned that LKH has enough reserves to pay out 10years of 4c dividends annually if it wished. however, its unlikely to do so. it will unlikely use its reserves to pay out dividend, rather it will pay out a cut from its eps and keep its reserves for property acquisitions.
will still place this counter on my watch list.