Portfolio Update March 2018

One full quarter of 2018 has passed, bull seems abit tired these two months. STI drops 2.56% from 3517.94 to 3427.97, it could sound even worse if we exclude the rebound from the last trading day in March (up 1.3% from 3382.78 to 3427.97). 

I sold LHT after holding it for a year. Quite regret that I didn't average down when it dropped from 76 cents to 62 cents.. and my average cost is around 75 cents lol. Well, I managed to sell them away at around 81 cents, so I think the return is not that bad, but I could have done it in a better way. There is something going on for ComfortDelgro and Uber deal.. Don't know it is good or bad.. I read newspaper said got other players want to join the market, and they are coming in soon. Just wondering.. Singapore so small why these players want to come and fight for small cake? 

Minsheng Bank (HK) continues its downtrend and it is trading at around 7.7 HKD compared to my average cost 8.62 HKD. I am planning to average them down, but they cut the dividend this year so I also lower my average down trigger point. I bought Rivera (HK) in March as well, right after they announced the annual report. I found nothing wrong with the annual report except that the dividend was cut from 5 cents HKD to 4.5 cents HKD, and the share price dropped more than 10% on the next trading day. I managed to get in during that period. The reason I want to invest in Rivera is similar to the reason Mr Tony (His blog address is: 

https://parisvalueinvesting.blogspot.hk/2018/03/19.html#comment-form, I found it very helpful to me). 

I received 300 SGD dividend in March from Tai Sin and Keong Hong! Sad thing was my largest holding Straits Trading got low dividend yield.. Hope they can increase the dividend payout ratio. I am very interested in attending their AGM but I am going back to Italy before their AGM.. Hope someone can raise this issue during their AGM.

My portfolio drops 0.08% from 109,129.27 to 109,040.64 during the same period. The lost was contributed by depreciation of HKD against SGD, and Keong Hong and Tai Sin share price dropped, and offset by the gain from BOC Aviation (HK). I planned to average down Keong Hong again, but didn't managed to do so when it was 55 cents.. Well, I hope I can have the chance soon.. I have attached the portfolio as below: 

No.	Stock	No. of Shares	Ave.Cost	Price	MarketValue	MarketValue (SGD)	%Portfolio
SGX
1	CDG	6,200	2.34	2.05	12,710.00	12,710.00	11.66%
2	KeongHong	13,600	0.654	0.575	7,820.00	7,820.00	7.17%
3	TAI SIN	20,000	0.44	0.39	7,800.00	7,800.00	7.15%
4	STRAITS TRADING	20,000	2.52	2.25	45,000.00	45,000.00	41.27%
5	BOC Aviation	1,900	44.55	46.65	88,635.00	14,772.50	13.55%
6	MINSHENG	5,000	8.62	7.63	38,150.00	6,358.33	5.83%
7	RIVERA	70,000	0.6	0.6	42,000.00	7,000.00	6.42%
Cash
	SGD				6,875.88	6,875.88	6.31%
	HKD				4,223.53	703.92	0.65%
	Total					109,040.64	100%

In fact, BOC Aviation dropped to around 44 HKD few times in last week, and I hesitated to buy more.. 

The dividend month and first quarter reporting season is coming soon! Looking forward to receive my dividend. Still very sad that Minsheng Bank cut its dividend to 0.03 RMB per share.. So disappointed. 

Market up and down very fast in past few weeks, looks like it might be difficult to see STI 3600 again? Waiting for the dividend to refill my bullet and get ready to pick durians! Oh anyway I found that HK market is much more exciting than our STI.. up and down very fast and the volume is really huge compared with our STI. Hope I won't get heart attack anytime soon haha. 

Huat ah!