Tuesday, 26 January 2016

Frasers Commercial Trust Report 1QFY16 Results

This is the first time I reviewed FCOT earning after I initialed a position last year in Nov and most recently with the eroding market sentiment of the general economic. I am satisfied by the reported results, and will continue to add at current price. I will pay attention to the weaker Aussie $ (since 45% revenue from there) and successful renewal of new leases (17% expire in FY16). Let see if the management team continue to execute their tasks correctly.

source: FCOT Website

Saturday, 23 January 2016

SoilbuildREIT Reports 4Q FY15 & Full Year Results

On FY2015 result, gross revenue increased 16.4% and NPI by 18.2%. Full year DPU increased by 4.7% to 6.487 cents which translate to dividend yield of ~8.9% based on last Friday closing price of $0.725. Gearing is manageable at the moment, but with persistent weakness in the industrial property sector, and macroeconomic headwinds, let's see if the management team still performed remarkedly in FY2016.

Thursday, 21 January 2016

SGX Reports 2Q FY16 Results

I do not like what I see in this quarter result for SGX. Revenue remains unchanged from a year earlier, while operating profit & net profit, both down 4%. The only bright spot, dividend up 1 cent y-o-y. I'll wait to see will the new initiative of SGX Bond Pro contribute to business performance. What will you do if you are already vested? Will you sell them?

source: SGX Website

Friday, 1 January 2016

Monthly Review - December 2015

16th post on monthly review and the 11th in the year 2015. As you can see, I'd placed a snapshot of my portfolio summary and if you are interested in viewing the previous months or years figures, you can click on this link.

This month ended negatively again in my portfolio. With the Fed rate hike announced on 17th Dec, the stock market close lower. In fact, it is the worst year for S&P & Dow Jones since 2008. This had not stopped me from making another purchased of OCBC

Stock Trades

Purchased OCBC @8.55. Totally divested GE.

Options Trades

Many trades were done in Nov/Dec - with strategies of VIOS, Bear Call Spread, Bull Put Spread. Here is the summary of the existing open position of options:-

  • sell-to-open SDRL JAN16 13 PUT
  • sell-to-open SDRL JAN16 16 PUT
  • sell-to-open SDRL JAN16 10 PUT
  • Buy-to-open SDRL JAN17 5 CALL
  • sell-to-open LGCY DEC15 12.5 PUT
  • sell-to-open CL JAN16 62.5/65 Bull Put Spread
  • sell-to-open KMI Jan16 15/17.5 Bull Put Spread

This month, I received dividends from 6 holdings. They were Q1PSk7, O5RU, G3B, COH & AFL. The total amount collected was $282.69. It is a 7.25% over the same month last year. It is an increase I'm happy.

The forwards dividend now:-
ADI = S$3277.66. My goal for ADI is S$5000 for this year. There was an increased as compared to previous month due to the currency exchange rate & additional purchased. I will continue to add new or increase current holdings when the opportunity arises.
DDI = S$8.98. It stayed above the $8 mark for the 3rd month. I hope in the new year, I'll be able to break through the $9 barrier.

I posted what is ADI/DDI here and I had updated the income in the Dividend Income & Options Income.