Tuesday, November 20, 2018

Recent Buy - First REIT

Add 4900 shares of First REIT @ 1.03 on 19 November 2018. The purchase brought my total holdings of First REIT to 11500 shares @ 1.1504. After my purchase yesterday, it gets sold down further to 92 cents a share before recovering to 97.5 cents at closing today.

There was a lot of fear that the issue plaguing First REIT main sponsor, Lippo Karawaci, will eventually affect the REIT. Investors may be nervous with all the negative news flowing from the corruption case involving Lippo group in it's flag project, Meikarta, credit rating downgrade, concerns on possible rights issue to fund acquisition of OUE Lippo Healthcare assets, to tenant concentration risk with Lippo group being the major tenant of First REIT. Weak market didn't help either.

I added to my existing position with the belief that there was long term fundamental story for healthcare need. My view is that healthcare needs will grow for many years to come. I understood that I bore the risk of being at the wrong side, but my risk was less than 2% of my total portfolio. I will see how Lippo group navigate all the headwinds, and ready to add more at lower price if they prove that they'll have a higher chance to survive these ordeals.

Sunday, November 18, 2018

Recent Sale - Indocement Tunggal Prakarsa

Sold 1900 shares of Indocement Tunggal Prakarsa @ IDR 19,525 on 15 Nov 2018.

Indocement gave me a CAGR of 8.39% for a holding period of 2 years and 5 months.
Equity allocation was reduced to 31.30%, while bond & cash allocation was at 68.70%.

Monday, November 5, 2018

October 2018 - Yaruzi's Portfolio Update

My portfolio turned negative for the first time this year, even after $9,000 fresh fund injection. US market, which was standing strong, finally started to break down. STI dipped below 3000 briefly before recovering and settled above 3000. I have a long shopping list if markets correct further, otherwise I will wait patiently until the time comes. For those who followed my blog, I had been reducing my equity holding and switching into more defensive counters.

Total portfolio value as of end Oct was $684,164.32. Equity allocation was at 31.58%, while bond/cash allocation was at 68.42%. Return YTD was -0.56%, XIRR YTD was -0.69%, and XIRR since inception was 4.45%. I received dividends of $777.59 in October.

DateSecurities NameFCYSGD
8-Oct-2018Greggs PLC (GBP)22.95 41.44
11-Oct-2018PCCW (HKD)433.84 76.10
12-Oct-2018Vanguard FTSE AS (HKD)1,693.00 296.28
17-Oct-2018CNOOC (HKD)1,062.86 185.36
19-Oct-2018Carlsberg Brewery Malaysia Bhd (MYR)137.60 45.34
26-Oct-2018CSOP China Ultra Short Term Bond ETF (HKD)148.03 29.21
30-Oct-2018Heineken Malaysia Bhd (MYR)316.12 103.88

Link to Yaruzi's low cost portfolio as of October 2018