Portfolio Update February 2018

This year we had a roller coaster ride in early February. STI dropped from 3545.18 to 3372.7 (4.87% drop) in less than two weeks, then it bounced back to 3540.39 (4.97% gain) two weeks later.. I tried to short HSI by using DLC HSI 5X SHORT, but end up with around 250 SGD contra loss at the beginning of the drop, because I used my screwed up trading skill to make this decision again. My original plan was use a small portion of my portfolio to buy the DLC HSI 5X SHORT to protect my entire portfolio as an insurance, but when it drop few percent in few minutes I panic and sold them away.

Let us review STI performance in February 2018. STI drops from 3533.99 to 3517.94, but my portfolio drops 2,447.28 SGD (drop more than 2%). The losses were contributed by Keong Hong and MinSheng Bank. I planned to slowly average down my cost and both counters are trading at a discount to its book value and low PE with an attractive dividend yield.

Tai Sin's result is nothing special. Dividend maintained. The dividend yield is around 5.8% at current share price, which I found is quite satisfied. I will continue to hold on to this counter to collect dividend.

LHT announced good result, although I found some items are just one-off gain. Good news is the book value crossed 90 cents mark. Share price up more than 8% on 1 March. Dividend also maintained, and from its financial statement I found that the company should be able to maintain its dividend. The dividend yield is around 7.2% if we use the closing price of February to do the calculation (before the stock jump up 8%). The stock is tiny traded so it is very normal that the price up or down few percent with very low volume. I shall hold on to this counter too as the dividend yield is good.

For Straits Trading.. Its normal operating activity is not performing that well, as there were some portfolio adjustment going on throughout the year. However, the company recorded a very high gain from securities in their comprehensive income statement. I tried to send email to their IR in order to find out more details of the gain, but I didn't receive any response from them at the time of writing. Dividend yield also maintained. Very sad that I couldn't attend their AGM this year. I really hope that they can realised partial of the gain to award shareholders by declaring special dividend.

I have attached my portfolio as below:

No.	Stock	No. of Shares	Ave.Cost	Price	MarketValue	MarketValue (SGD)	%Portfolio
SGX
1	CDG	6,200	2.34	2.03	12,586.00	12,586.00	11.53%
2	LHT	8,000	0.76	0.69	5,520.00	5,520.00	5.06%
3	KeongHong	13,600	0.654	0.605	8,228.00	8,228.00	7.54%
4	TAI SIN	20,000	0.44	0.405	8,100.00	8,100.00	7.42%
5	STRAITS TRADING	20,000	2.52	2.28	45,600.00	45,600.00	41.79%
6	BOC Aviation	1,900	44.55	43.8	83,220.00	14,057.43	12.88%
7	MINSHENG	5,000	8.62	8.18	40,900.00	6,908.78	6.33%
Cash
	SGD				294.05	294.05	0.27%
	HKD				46,383.23	7,835.01	7.18%
	Total					109,129.27	100%

90% of my assets are in the stock market at the moment, and most of the dividend will be credited into my account in May or June.. I am planning to reinvest them.

Guess I shall be the president of Kallang River huh ((:

Happy CNY to yall and hope we all huat this year!