Inclusive of dividends, my portfolio of
local stocks remained unchanged whilst STI was down by 1.4% at the end of
August 2014. Overall, my holding period returns had translated to 10.13% in annualised return since
start of 2010.
I continue to liquidate some of my local stocks
and especially the bigger capitalization stocks to boost my cash level further.
After a round up of 2nd quarter earnings announcements, most of our
local blue chip stocks had reported lower or flattish earnings. I found that the
earnings outlook from the ST index stocks doesn’t look favorable in the mid-term
and couple with the overdue Bull Run
in the US market; I expect another financial crisis to come soon.
In the meantime, I am gradually increasing
my exposure into the US market. I am targeting US stocks that have strong
earnings momentum but of course they must be trading at cheaper valuations than
the overall market. Currently, I am holding shares of Apple and Gilead Sciences.
After experimenting myself with a couple of short term trades, I found that I
am more comfortable with just buying the stocks and holding them for longer
periods. I can spend less time monitoring the US market and the returns can be
more rewarding in the longer term.
Here is a summary of the transactions that
I made in the month of August 2014.
Sold Teckwah, at 58.96% gain (including
dividends)
Sold SIA Engineering (Cash), at 44.82% gain
(including dividends)
Sold partial SATS, at 0.84% gain (excluding
dividends)
Sold partial STE, at 0.68% loss (excluding
dividends)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | FY | |
| 2010 | -1.75% | 1.36% | 2.98% | 4.36% | -7.12% | 4.40% | 4.49% | -1.38% | 6.76% | 3.09% | -1.61% | 3.93% | 20.38% |
| 2011 | -0.03% | -4.77% | 2.07% | 1.29% | -0.32% | -2.39 | -0.33% | -8.34% | -6.53% | 7.52% | -7.05% | 0.52% | -17.85% |
| 2012 | 9.41% | 5.52% | 2.62% | -0.22% | -3.13% | 2.55% | 2.84% | 1.99% | 4.27% | -0.34% | 0.11% | 2.75% | 31.67% |
| 2013 | 5.18% | 2.33% | 3.02% | 1.95% | -2.98% | -3.45% | 1.96% | -5.22% | 4.12% | 3.19% | -0.93% | 0.73% | 9.71% |
| 2014 | -2.44% | 1.36% | 2.58% | 2.99% | 3.52% | 1.39% | 0.25% | -0.09% | |||||
| Annualised Return = 10.13% | |||||||||||||
| Stock | Mode | Unrealised P/L (SGD) | Stock | Mode | Unrealised P/L (SGD) |
| ARA | CASH | 41.18% | PARKWAY LIFE | CASH | 24.05% |
| CAPITAMALL TRUST | CASH | 10.42% | RAFFLES MEDICAL | CASH | 54.27% |
| CDL HOSPITALITY | CASH | 0.11% | RIVERSTONE | CASH | 103.43% |
| CHINA MILK * | CASH | -100.00% | ROXY PACIFIC | CASH | 73.34% |
| FIBRECHEM * | CASH | -100.00% | SATS | CASH | 2.10% |
| FAR EAST HOSPITALITY | CASH | -13.85% | SILVERLAKE AXIS | CASH | 126.67% |
| FIRST REIT | CASH | 44.00% | STARHILL GLOBAL | CASH | -2.45% |
| FRASERS CENTREPOINT | CASH | 20.15% | STARHUB | CASH | 59.92% |
| FRASERS COMMERCIAL | CASH | 5.39% | ST ENGINEERING | CASH | -3.85% |
| KEPPELCORP | CASH | 209.92% | VALUETRONICS | CASH | 73.22% |
| KINGSMEN CREATIVES | CASH | 17.34% | SIA ENGG | CPF | -3.54% |
| MAPPLETREE GCC | CASH | 1.39% | CAPITAMALL TRUST | CPF | 3.90% |
| MTQ | CASH | 0.42% | PARKWAY LIFE | CPF | 5.27% |
| OSIM | CASH | 18.72% |
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