portfolio update - march 2017

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 hcg
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
11) fcot taisin sgx spost  starhillg fct cmt
12) sph sats ksh


Remarks:


my comments:

Singtel. steady blue chip counter which gives dividend  in jan and august. cannot go too wrong buying this counter and holding it for long. soon it should raise dividend again.

Comfortdelgro. a transport giant. distinct pattern of raising dividend. like singtel, cdg has also gone global. vesting in this would mean having interest in its transport business in different parts of the world. investing in this means indirectly investing in vicom and sbs.

Singpost. in process of ecommerce/elogistic transformation. traditional mail expected to see gradual decline. contribution by singpost centre would come soon. give the counter some time. give the new ceo come time to transform this mail giant. needs to be patient with this counter. anyway, getting paid 4x a year while waiting is not a bad deal.


Taisin. some media talking up this counter, ahead of what its fundamentals can support. be careful when others are greedy. Would expect the upcoming nav to inch to about 40c.


Roxy. will go xd in april. slow and steady counter. deeply undervalued imo. barring unforeseen circumstances, it should be a winner in excess of 5 years. take a walk around marine parade area and one can see that the upcoming mrt is just literally in front of its hotel and roxy square assets. wonderful!


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. lots of hard asset backing and recurring income. its contract works will keep it busy and provide income till 2021. i wouldnt be surprised if it increases its dividend this october.


low keng huat, another deeply undervalued counters. revamp of paya lebar area will give it a boost. slow and steady counter. won perumal site bid, this is in close proximity of farrer park mrt. it probably will hold the ground floor units for recurring income, as in the case of plsq.
Another steady ship. 4c dividend declared. nav up to 90c, cash plus deposits equals 1/4bil, so much of the company is actually cash.


tcil, each passing year represents an increasingly wide pb gap. lots of hard asset backing but no clue when would it be unlocked. more than 10 acres of freehold land in  singapore in its books. hk3.5b worth of japan equities. amongst its assets. dividend hk0.07 declared on eps 9c.


sph. fighting digital disruption. selling its m1 stake will unlock lots of cash.


added hotel grand central, which imo is a discount to its hard assets. if you trace it to its beginnings, you would have seen it growth in the number of hotels over the years. shareholder friendly is definitely a plus, as can be seen as a willingness to increase dividends when earnings permit. compare and contrast this with hotel royal. will get scrip.


banks. ocbc and uob, provide steady may and august/sept dividend. ocbc's 'hidden' 1b assets provides much comfort in holding it, while uob family conservatively run style provides safety. both has discernible dividend rising trend. will get scrip for both.


sgx. singapore as SEA financial hub now and in the future holds a lot of promise to this counter. 4x a year payout is definitely pleasing. current and historical average yield is a tad low though. lets see whether it will increase payout this year or next


ksh. recent nus works will keep it busy. seems like nus prefers it work with it. lots of buildings in nus are aging. possibly of more projects coming.


sats. 4th 5th terminal coming up should keep this company with lots of people to feed and things to manage.


sph reit. one month passed since i last updated, means one month closer to seletar mall injection. counter shows a slight uptrend. ?good news


frasers reits, starhill and parkway life. business as usual.

St E. One of my long term holdings. steady big ship cruising along. Another blue chip which has gone across the globe to usa.

april and may will be busy months, as lots of companies are paying their dividends in these months as well as lots of them organising their agm. will see if i can attend squeeze my time to attend any.




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.

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?