Wednesday, 9 December 2015

2015 Portfolio Review and Projected Dividend Income for 2016


My dividend income target of S$1.4k per month has been met this year. That is a 7.7% increase y-o-y. The market value of my portfolio is hovering slightly above S$300k, which is a 7.1% drop y-o-y. My portfolio value has been ravaged by the weak performance of the telcos and REITs. Fear of the 4th new Telco, impending Fed rate hike and slowdown in China have wiped out around $20k from my portfolio in 2015. We seem to be living in an era of extreme volatility. The market sentiment is often affected by attention-grabbing headlines in the mainstream media. Brave new world...

The silver lining is the strong performance of Raffles Medical Group (RMG), SATS and Sheng Siong. I am cautiously optimistic about the growth prospects of these trio in 2016. Shareholders of RMG has the upcoming Raffles Medical Holland V to look forward to in 1H2016. Construction work on the extension to its flagship Raffles Hospital is already well underway. SATS will hopefully ride on the expansion of Changi Airport. Sheng Siong is slowly but surely building its way towards the management's target of 50 local stores within a few years while venturing gingerly into the China market. The online grocery market could be a potential growth catalyst too.

Talking about silver lining, there is another one. I was unscathed from the carnage that has been bludgeoning the O&G companies throughout most part of 2015 due to a sharp collapse in oil price. Some investors caught the proverbial 'falling knives' in SembCorp Industries, SembCorp Marine and Keppel Corp. Blue chips can be battered too!

My investment focus for 2016 will be on healthcare (aging population), logistics (e-commerce) and data centres (Internet Of Things). With regards to REITs, I will be super selective. I believe the more resilient ones are healthcare and retail REITs. Stay away from hospitality and office REITs. Lastly, I will be keeping a close eye on the banks as their valuations have gotten compelling in recent weeks. My portfolio of 18 holdings has no exposure to the finance sector at all. Hence, I would love to fill in the last 2 remaining slots of my portfolio with banks. A 20-stock portfolio is probably my threshold as I doubt I have the time and energy to manage beyond that.

Click to enlarge

Projected Dividend Income 2016
  1. Singtel: S$1, 400
  2. Starhub: S$2, 000
  3. M1: S$2, 263
  4. ST Engineering: S$480
  5. SATS: S$560
  6. Raffles Medical Group: S$165
  7. Sheng Siong: S$227.50
  8. VICOM: S$135
  9. CapitaLand Mall Trust: S$784
  10. Frasers Centrepoint Trust: S$1, 392
  11. Suntec REIT: S$600
  12. Mapletree Commercial Trust: S$160
  13. MGCCT: S$490
  14. CACHE Logistics Trust: S$1, 500
  15. Mapletree Logistics Trust: S$1, 332
  16. AIMS AMP: S$3, 300
  17. Keppel DC REIT: S$712
  18. Parkway Life REIT: S$670
Total Projected Dividends: S$18, 170
Projected Average Monthly Dividends: S$1, 514
Projected Average Daily Dividends: S$49.80
Portfolio yield: ~ 6%
Annual Dividend Income Target: $19, 200

Saturday, 5 December 2015

Dividend Knight Portfolio Update (Dec 2015)


 
Company
Shares (1000)
1.
M1
12
2.
AIMS AMP
30
3.
Starhub
10
4.
Singtel
8
5.
Frasers Centrepoint Trust
12
6.
CACHE Logistics Trust
20
7.
Mapletree Logistics Group
18
8.
SATS
4
9.
CapitaLand Mall Trust
7
10.
Raffles Medical Group
3
11.
ST Engineering
3
12.
ParkwayLife REIT
5
13.
Suntec REIT
6
14.
MGCCT
7
15.
Keppel DC REIT
10
16.
Sheng Siong
7
17.
Mapletree Commercial Trust
2
18.
VICOM
0.5


Dividends received in December 2015: S$1, 386

Total dividends received since Jan 2015: S$16, 835

Average dividends per month: S$1, 403

Average dividends per day: S$46.10


I am done with investing for 2015. The last stock which I accumulated was CACHE Logistics Trust, which happened a couple of weeks ago and I blogged about it in my previous post. Right now, I am just waiting for the knee-jerk reactions which will inevitably follow the announcement of a very possible rate hike on 16 Dec by the Fed. By the time all the knee-jerk reactions are done, I will restart my 'nibbling engine' in the new year if prices become attractive again.

The outcome of the yesterday's closely-watched OPEC meeting was not favourable to oil price, at least in the short term. The countries in OPEC decided to maintain their current output. Current oil supply far outstrips global demand. So if you are looking to get vested in the O&G industry, I would advise you to think twice and thread very carefully. The valuations of Keppel Corp and Semb Marine might look cheap. But cheap can get cheaper.

I will be blogging about the overall full-year performance of my portfolio soon. Stay tune!


Blaze of Glory
DK