Dividend by month
1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost taisin
4) roxy
5) fcot steng sgx uob sph starhillg fct sphreit cmt cdg
6) tcil ocbc lkh
7) singpost
8) fcot singtel plife ocbc capitacom starhillg sci steng fct singpost sphreit cmt
9) uob tcil cdg
10) sgx lian beng ngi
11) fcot taisin sgx spost starhillg fct cmt
12) sph sats ksh
Remarks:
portfolio auto-building in progress :
my comments:
Bought comfortdelgro. trading at 240plus CD is quite an ok price for me.
Lum Chang exited. Dividend cut from $0.0075 to $0.003 is unacceptable to me for a small cap 100m+ company. already seeing a "maintenance"of 2c per year for some many years is becoming an eye sore. why doesn't the dividend gets increased? is the company not making more money over time? share price going up despite XD is because of own buying. Its something like Starhub 5x4c per year for so many years, being unable to increase dividends in this case is simply because they are not earning more and more over time. Whatever the case, its not a good thing.
Singpost is a bit different sort of creature. It a blue chip which has existed for well over a century. It has made a lot of investments, but hard and soft types. Making one bad one out of so many investments is sometimes inevitable, and as a result of it, suffers a dividend cut. The new CEO has work to do anyway. Should this be a small cap, this would mean exit. However there are clear positives in this case, eg singpost centre revenue, improvement of ecommerce and elogistics aspect. personally, I would hold on. Still bullish on this counter in mid to long term.
*forgot to write this earlier :
Metro exited above 110. upside limited. imo special dividends unlikely. its because of the special dividends expectation that drove price up. normal dividends of 4-6c would still be expected.
No surpises to tai sin, just that media has increased its coverage on this counter and hence its bullish run up. Won't unload my stake. Singpost and taisin add to my march dividends.
As can be seen, even after XD, price did not come down, suggesting market already pricing in future gains.
Similarly, roxy results came in as expected as well as dividends...maybe a little bit disappointed cos its a bit less than last year...but we all know ppty sector not doing so well. personally, am bullish on this counter in the mid-long range of at least 5 years. the thomson east coast line will be up in 2023 and roxy mercury hotel is right smack beside it. and the management focus mainly on non leasehold properties, adding to the attractiveness of this counter. barring unforeseen circumstances, this counter should be a winner in time to come.
lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. its contract works will keep it busy and provide income till 2021. i wouldnt be surprised if it increases its dividend this october. I think this counter will be a winner in time to come.
low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter
tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked.
noel gifts. i am rather pessimistic about this counter. balmoral ppty stake has been unlocked earlier. government large gift purchase failed to create catalysts to encourage more business. recent announcement informed that company might even make a loss this calender year. should this be true, dividend cut might happen ie 1.5c to 1c or even skipped! moreoever its only a small cap of around 25m. all this are red flags for me.
sph ; price seems stable ard 345-350 plus minus, with digital transformation taking place
Overall,
nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters as well as 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.
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.
DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:
1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?
1) singtel
2) fcot sgx capitacom lian beng starhillg fct sphreit cmt
3) spost taisin
4) roxy
5) fcot steng sgx uob sph starhillg fct sphreit cmt cdg
6) tcil ocbc lkh
7) singpost
8) fcot singtel plife ocbc capitacom starhillg sci steng fct singpost sphreit cmt
9) uob tcil cdg
10) sgx lian beng ngi
11) fcot taisin sgx spost starhillg fct cmt
12) sph sats ksh
Remarks:
portfolio auto-building in progress :
my comments:
Bought comfortdelgro. trading at 240plus CD is quite an ok price for me.
Lum Chang exited. Dividend cut from $0.0075 to $0.003 is unacceptable to me for a small cap 100m+ company. already seeing a "maintenance"of 2c per year for some many years is becoming an eye sore. why doesn't the dividend gets increased? is the company not making more money over time? share price going up despite XD is because of own buying. Its something like Starhub 5x4c per year for so many years, being unable to increase dividends in this case is simply because they are not earning more and more over time. Whatever the case, its not a good thing.
Singpost is a bit different sort of creature. It a blue chip which has existed for well over a century. It has made a lot of investments, but hard and soft types. Making one bad one out of so many investments is sometimes inevitable, and as a result of it, suffers a dividend cut. The new CEO has work to do anyway. Should this be a small cap, this would mean exit. However there are clear positives in this case, eg singpost centre revenue, improvement of ecommerce and elogistics aspect. personally, I would hold on. Still bullish on this counter in mid to long term.
*forgot to write this earlier :
Metro exited above 110. upside limited. imo special dividends unlikely. its because of the special dividends expectation that drove price up. normal dividends of 4-6c would still be expected.
No surpises to tai sin, just that media has increased its coverage on this counter and hence its bullish run up. Won't unload my stake. Singpost and taisin add to my march dividends.
As can be seen, even after XD, price did not come down, suggesting market already pricing in future gains.
Similarly, roxy results came in as expected as well as dividends...maybe a little bit disappointed cos its a bit less than last year...but we all know ppty sector not doing so well. personally, am bullish on this counter in the mid-long range of at least 5 years. the thomson east coast line will be up in 2023 and roxy mercury hotel is right smack beside it. and the management focus mainly on non leasehold properties, adding to the attractiveness of this counter. barring unforeseen circumstances, this counter should be a winner in time to come.
lian beng. deeply undervalued. of course we wont expect it to trade at nav, but its discount to its nav and its low pe appears attractive. its contract works will keep it busy and provide income till 2021. i wouldnt be surprised if it increases its dividend this october. I think this counter will be a winner in time to come.
low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter
tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked.
noel gifts. i am rather pessimistic about this counter. balmoral ppty stake has been unlocked earlier. government large gift purchase failed to create catalysts to encourage more business. recent announcement informed that company might even make a loss this calender year. should this be true, dividend cut might happen ie 1.5c to 1c or even skipped! moreoever its only a small cap of around 25m. all this are red flags for me.
sph ; price seems stable ard 345-350 plus minus, with digital transformation taking place
Overall,
nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters as well as 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.
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.
DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:
1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?
3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?
i also find lum chang dividend cut unacceptable and exit at a small loss.
ReplyDeleteyeah, let the bosses play.
ReplyDeleteso long as interests of minority shareholders not aligned with boss, i am out
Hi Paul, thanks for sharing your portfolio updates. Just wanted to find out the reasons for investing in starhill and sphreit, given that the retail scene is not getting better and facing competition from e commerce? Also, I realized that your portfolio comprises of mainly local stocks. Just wondering if you have ever considered overseas stocks, such as hk counters. There are a number of hk blue chips that give out pretty good dividends too. Thanks.
ReplyDeletehi,
ReplyDeletefirst of all,
each of these reit counter constitutes 5% of my portfolio.
starhill- as u can see from the annual reports over the years, this reit is going for singapore centric focus towards a more global pattern of portfolio, iirc, now is singapore 60% elsewhere 40%. it used to be much higher for singapore previously. i think this is a good transformation for starhill to truly go global as its name suggest Starhill Global. strong sponser ytl is another point.
thus, this may be a locally listed stock, but it consists of a significant portfolio from overseas. i agree that its gearing is higher than sphreit, but as I limit it to 5% of my portfolio, any rights(cross fingers) should be well tolerated by me
as for sph reit, low gearing makes rights unlikely. i await injection of seletar mall into this reit eagerly.
there are still advantages of the retail scene as not everything can be replaced by ecommerce. the malls in the above reits are still very much packed mostly. but this is a purely singapore based counter and the risk is singapore centric.
as for hk, I have quite a lot of tcil a hk stock bought many years ago.
thanks for your comments
Hi Paul, thanks for your response. Personally, I have also been adding some REITS to my portfolio over the last few months but I try to keep them below 10 to 15% of total portfolio size as I am still rather skeptical of further rate hikes and as you have mentioned, rights issue. Right now, I mainly have capmall, capcom, cache log, soilbuild and HPHT. I have actually been looking at Ascott reit for a while (more for the brand name and yield). The last time it issued rights a few years back, the price didn't drop that much and hence I gave it a miss. However, when I read sgx announcement today, I realized that they are going to issue another rights yet again. As such, have decided to stay aside again. Also, the markets have rallied quite a bit recently but reits still seem to have lagged behind. In your opinion, do you think yields will continue to go higher and reits will stay laggards in any rallies going forward? Thanks.
DeleteHi,
Deleteimo, i keep each counter to 5% or less of my portfolio, as mention. its hard to say whether yields will continue to go higher. the ones i have, fct and suntec etc, seems to have decreased in the increase in dividends yoy, despite increasing the dividends yoy for the past many years. so i suppose the climate now is indeed very trying. i am not sure whether reits will stay laggards, but the best i can do is to have a good mix of companies in my portfolio and focus on reinvesting the dividends.
thanks for your comments
Paul,
DeleteDo you sell if a particular stock annual yield is 6% while the stock value has grown 30%? Just curious how you manage such scenarios in your portfolio. Cheers.
Hi Paul,
ReplyDeleteDo you sell the counter if the stock value grows by..say 40% while the annual yield is 5% for eg ? Curious how you manage such scenario. Cheers, JC
hi,
Deletethis question is quite similar to what someone else has asked me.
i have used low keng huat as a counter to illustrate what my thoughts and actions are to this real case.
Hi,
ReplyDeletethanks for that question, which in reality will happen.
I will attempt to answer that using a real example.
if you follow my posting, you would have seen that I have bought LKH at around 54c in the later part of 2016.
Now
dividend of 4c would be expected, or at least 3c. if you look at the dividend record and its eps so far, you would most likely agree with what I said.
And
now its is 63c on a uptrend still.
So this stock has grown about 20% in 1/2 year.
I most probably won't sell it, if the story for buying it holds
if dividend of 3-4c still happens which is well supported by its eps and it is still being protected by its discount to its nav. Or unless, some hedge funds would come it (unlikely i think) I push it up above nav, then I might be compelled to let it go, as i look into LKH history, it has hardly trade at nav.
another point to highlight,
low keng huat is merely a member of a whole orchestra of stocks. its use is to create june dividend to support its other members. selling it would weaken the dividend orchestra.
i hope this answers part of or all of your question.
cheers!
Hi Paul,
ReplyDeleteMany thanks for sharing your good portfolio updates. I’ve recently surfed web and chance to read about your 10K/13K dividend portfolios, I am really inspired by your good strategy and would like to learn start build a passive income dividends from stocks.
I am newbie and started a few months ago, bought 5 to 6 stocks of about total 20K but already suffered of 26% paper loss and still holding these stocks just hope these stock price will rebound later… ? and 2 x losses are blue chip, 1 x gain is a newly IPO Industrial Reit stock.
I would like to seek your good advice on how to build another separate 20K portfolio to combine of 10 x blue chip and Reits stock,
What will be a good ratio to start with, example say 60 :40 or 70:30 on blue chip: Reits? As I’ve understand from some investment blogs said that typically Reits average dividends are around 5 to 7%.
Some of my picks are as below;
Blue chip: SingTel, Comfortdelgro, ST Engineering, SGX, OCBC Bank and SingPost (?)
Reits: Capitamall Trust, Capital Com Trust,Mapletree Com Trust,
Mapletree Logistics Trust, Fraser Logistic & Ind Trust (est. 7.2%), Fraser Com Trust and Keppel DC Reit, etc.
I looking forward to hear from you and thank you.Best regards.
Hi TWL
ReplyDeletethanks for your kind words.
so long as the counters you buy are blue chips or are companies with strong fundamentals and paying consistent dividends, i think you shouldnt worry too much about that 26% paper losses. afterall investing is for long term. make sure that your own cash flow is not jammed up, ie set aside the relevant emergency funds etc.
personally i would stick to stocks with a long dividend paying history, the longer the better (as mentioned in earlier pages), so i would tend to avoid newly ipo stock as i do not have much past history to try to extrapolate the future.
i gather that you are planning to invest 40k at the moment, and u entered 20k a few months ago.
its good that u spaced out and entered the market at 2 different times instead of 40k all at once. 1) this allows for some dollar cost averaging 2) dividends obtained from the first 20k to add on to the 2nd 20k.
so long as u are buying good blue chips and reits with proven track record, i dont think there's much to worry about.
reits do offer good yields, you are correct, but do take note of possible rights issue.
personally i stick to the reits as mentioned in my portfolio as these counters i assessed them to be at low risk of rights issue.
and currently my reits constitute ard 30% of my portfolio, something which i feel comfortable with, and each reits constitutes ard 5%, so that even if it turns around on me, i am still comfortable.
keep on adding...be happy...stay healthy
cheers!
Hi Paul, many thanks for your reply.
DeleteYes, you are right I am planning to have 40K limit to start on investing stocks and as my initial thought were to first set on 20K for a mix of blue chip and mid/small cap counters, but I’ve bought them at their high prices and these are companies with strong fundamentals, my own guess that were at the wrong timing….
Now I will try to regroup them to follow your good strategy and build the next 20K for a passive dividend income stocks portfolio, as before I did tried the average method for 1 x loss making mid-cap counter for 3 times and bought more again at lower prices but it didn’t work at all…..
I also trying out a few tables to have a portfolio 70:30 of blue Chip vs Reit, and interestingly due to their high stock prices in nature and relatively lower dividend at about 2 to 4%, therefore I can only work for small quantity with my 20K limit.
Kindly for your good advice on this, for example, say shall I consider to add in 2 or 3 mid cap or small cap with good fundamental dividends stocks to build a quick initial startup portfolio?
If yes, what will be your recommendation for a few good stock names?
I thank you again for your time reading this and looking forward to hear from you.
Xie Xie 谢谢您 and best regards
hi,
ReplyDeletethanks for your kind words.
yes, thats the problem one might face for some blue chips eg sgx singpost jmh citydev just to name a few.
i share your thinking about investing with a smaller capital.
2-3% pa might be too slow.
i would then suggest singtel(price below 3.9) sgx(price nearer $7) steng(price below 3.6), in order to make the blue chip non reit component yield above 4%. Mix this with a reit eg FCT, suntec, parkwaylife- these have literally clean non rights history, and give 5-6% yield pa.
for a start, i would also suggest to divide 1 calendar year into 4 quadrants, instead of filling up every month.
work out roughly how much dividend you would be getting each quadrant. you might not want to have some quadrants getting much more dividends than others. this will make subsequent building smoother. Add more counters slowly once the dividend comes in.
cheers!
(disclaimer- i am not expert, and i trust that you do your own research. afterall, its your own money)
Hi Paul,
DeleteThanks and greatly appreciate for your quick reply.
Yes, I’ve included SingTel, ST Engineering, CDG & Singpost (*currently holding with losses), I am thinking to add Sheng Siong, Lian Beng to boost up dividends first to come in before I can buy a small quantity of SGX or DBS.
For Reit counters, I realized generally their XD come in just 4 - 5 days after CD and share price will drops, it’s somehow quite difficult to juggle for entry price point for a newbie like me, really there are so many things I need to learn from you.
I appreciate your sharing and I enjoy reading your blogs.
With best regards and many cheers!
hi TW L
ReplyDeleteI think those blue chips you mentioned are very strong ones. Nevermind short term losses. ups and down are just part and parcel of the market and no one and buy swee swee at the trough.
Not sure about your comfort level or investing experience. but to those who are starting out and have little investing experience, personally i'd advise to stick to bigger companies ie more than 1b cap.
but i believe you have done adequate homework to buy smaller caps like ss or lb.
yes, you are right, XD might come a few days after CD.
but think of it as investing for long term, this type of small XD drops is fine, because eventually the price will come up, and perhaps more than the CD price...means you have gotten the dividends for free.
keep adding
stay healthy
stay happy
cheers
Hi Paul,
DeleteGd morning, thanks for your prompt reply and I’m greatly appreciate your good advices.
Cheers .
Hi TW L,
ReplyDeleteyou are welcomed.
frankly, not many people would prefer this dividend reinvestment and compoundation method as most want fast results. and most also cannot bring themselves to see paper losses or otherwise.
statistics show that majority of people(maybe ?95%) who buy stocks end up losing money.
cheers!