"Apr 17" - SG Transactions & Portfolio Update"‏

No.	Counters	No. of Shares	Market Price (SGD)	Total Value (SGD) based on market price	Allocation %
1.	CDL Hospitality Trust	60,000	1.465	87,900.00	17.0%
2.	Fraser Logistic Trust	80,000	0.975	78,000.00	15.0%
3.	IReit Global	73,000	0.745	54,385.00	10.0%
4.	M1	20,000	2.13	42,600.00	9.0%
5.	LippoMall Trust	80,000	0.40	32,000.00	8.0%
6.	Comfortdelgro	11,000	2.63	28,930.00	8.0%
7.	Fraser Comm Trust	20,000	1.335	26,700.00	7.0%
8.	Far East Hospitality Trust	40,000	0.605	24,200.00	6.0%
9.	UOL	3,000	7.00	21,000.00	6.0%
10.	Singtel	5,000	3.88	19,400.00	5.0%
11.	Micro-Mechanics	15,000	1.045	15,670.00	4.0%
12.	Keppel DC Reit	13,000	1.225	15,925.00	4.0%
14.	First Reit	8,134	1.335	10,858.00	2.0%
15.	OCBC	34	9.59	326.00	1.0%
16.	Warchest*			66,000.00	12.0%
	Total SGD			523,890.00	100.00%

It's hard to believe that we are actually already in our second quarter of the year. Time flies so fast indeed.

It's quite surprising that towards the end of March, we have the Fed decision for a rate hike and the next thing we know boom, all my Reits counters shoot up instead of going down as many expected. I think this is a rather unexpected surprise for my portfolio.

There are not many transactions that is going on within the portfolio since the last update so I thought of doing an earlier update this month as I'll be much busier towards the end of the month.

First, I made an addition to the portfolio by buying Fraser Comm (FCOT) for 20,000 shares at a price of $1.26. I think the share price has been undeservedly slammed down due to its main anchor tenant HP uncertainty but I still do think there's too much pessimism built into it. In my opinion, it is common to see lease expiry incident happening with reits managers so that shouldn't be a problem unless they are unable to position it with certainty. Still, I think with commercial sectors bottoming and trending upwards, this is a good opportunity.

Second, I sold off all my Sabana shares at a price of $0.515 for a profit of 53% inclusive of past dividend received. I didn't exactly bought this too long ago so the short term gain have been extremely fruitful and added nicely to the bags of the profits accumulated. In my opinion, a lot of the meats have been priced in the current share price so at 0.9x P/BV it no longer represents a compelling value to hold. It's a divest for me at this point.

Third, I also sold off FCL shares at a price of $1.775 for a profit of 24% inclusive of past dividend received. The company recently announced a major development they will have in Bangkok and the share price has run up because of it. While it's a positive news, it's still way too far timeline to make any sort of projection at this point, hence the divestment. I'll just sit around in cash at this point.

Insurance

In my previous article (Link Here), I also wrote about my experience surrendering the policy I have. Since this portion has been provisioned in full, the surrender value of $4k received will go straight into my warchest as addition.

Bonus

This is a good month as I am entitled to a bonus month which boosted my cashflow tremendously.

It was a lot better than my expectations and I have also received about 6% increment in my salary, which is also better than my expectation. This will help to boost my tight cashflow around the house.

The portfolio has grown from the previous month of $500,961 to $523,890 this month (+4.5% month on month; +40.8% year on year). This portion includes capital injection.

Performance wise I think I'm doing slightly ahead better than expected at around 12% (TWR) and 54% (XIRR) year to date but since there's a lot of debates on this metric since last year, I haven't been focusing too much. 

I'll be heading down for the AGM for FEHT, CDLHT, Ireit and UOL in the next 2 weeks. So looks like things going to be interesting how it pans out.

Here it comes again earnings season!!!

Good luck everyone.