Sunday, July 4, 2021

Portfolio - 2Q2021

Hi readers, hope you are doing ok or better, given the situation regarding COVID-19 remains elevated since blowing up in May 2021. I think it is also amazing that we are already past 1st half of 2021. It was quite hectic due to work commitments up until very recently - so I get just a bit of breather to slow down my work tempo for the time being.

From this portfolio update onwards, I have also revised to show portfolio performance in terms of quarterly update.


See: Link to Main Portfolio page

Contents:

  1. Portfolio (2Q2021)
  2. Transactions and Dividends 
  3. Closing Thoughts



Portfolio (2Q2021 - 30 June 2021)



(Note: Share price and Forex as at 30 June 2021; Cryptocurrency is volatile and I have rounded down to lowest hundred USD for ease of calculation.)

Performance





Some commentary on my portfolio
  • Cryptocurrency Portfolio consists of several altcoins, largely dominated by Safemoon. Currently sitting on a loss after crypto-crash but Safemoon alone is still up about 4x of my initial amount. There was a point Safemoon was up 12x of my initial amount at its ATH.
  • Learning my lesson from poor risk management and failed investment with Alita Resources, I am making it a point to limit my capital inflow into my cryptocurrencies portfolio, a principal amount of no more than 10% of the rest of my portfolio as listed - if I hit my limit, I don't necessarily have to trim down my cryptocurrencies holding, but my stock portfolio have to grow in order to raise this said limit.
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Transactions and Dividends 

(a) Transaction Summary
  • Bought cryptocurrencies (About ~USD 700 including gas fees)
    (b) Dividend Summary
    • Received SGD 100 in dividends from UMS (May 2021).
    • Expecting to receive SGD 100 in dividends from UMS (July 2021)

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    Closing Thoughts

    On the Investment Front

    Second quarter marks a very significant milestone for my investing journey - I made my first foray into cryptocurrencies - specifically a selection of Altcoins, heavily weighed to those with use-cases and useful project, and developers who gives impression they are trustable and can walk the talk.

    Safemoon, a new cryptocurrency only launched in late March 2021, deserves a special place among this. They have exceeded expectations with deliverables, the developers doxxing themselves, and the developers having reputable links which will see massive repercussion to themselves if this somehow ends up being a rugpull.

    Colour me impressed, to say the least.

    There was news of global semiconductor shortage being expected to extend into 2023. This meant that to meet demand, foundries will have to expand their capacity. This means that semiconductor manufacturing equipment should see a revenue increase - and SGX-listed companies such as AEM, UMS, and Frencken will be beneficary of this.

    I am also of the view that this trend of increased semiconductor usage will be a long-term growth driver as the world is increasingly transforming to adopt or advance in the age of digitalisation.

    (To reiterate - this is my point and is not to be taken as financial and/or investment advice, please DYODD).

    Career/Personal

    I just got promoted in my company! Truth be told, I was not quite expecting a promotion yet (expecting next year instead), but not too surprised either as I had prior experience in the field.

    The extra cash flow from the increment is timely as given my personal situation, however, non-discretionary expenditure will be growing significantly at the same time. I'm keeping it short for now, but I plan to share again down the road.

    Also gotten my first jab on Friday - felt groggy for the evening thereafter, but besides a bruised pain in the left arm until today, nothing a good night sleep could not help with.

    I wish my readers good health and to stay safe - COVID-19 situation is far from over, but we can get over this.

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    Thursday, April 1, 2021

    Portfolio - 1Q2021

     I am back for the first quarterly portfolio update for 2021!

    Time flies by fast when you are busy. Switching back to quarterly reporting was mainly intended due to expected lack of activities in the market, but during the lull, I found this break much needed (although still looking at the market).

    Perhaps it is due to feeling disappointment towards my investment progress for the last 2 years? Within the month of January 2021, the shares I sold decided to rocket and I lost out on a gain of over SGD1200. But I'm happy to arrive at where I am as of 1Q2021 - you'll see why when you read the rest of the post. Haha.


    See: Link to Main Portfolio page

    Contents:

    1. Portfolio (1Q2021)
    2. Transactions and Dividends 
    3. Closing Thoughts



    Portfolio (1Q2021 - 31 March 2021)


    (Note: Share price and Forex as at 31 March 2021)

    Performance



    Some commentary on my portfolio
    •  YTD Portfolio value has increased by 13% and that made me feel relieved from missing out gains from old positions that was sold before rally.
    • I actually only intended to get 5000 units of UMS (SGX: 558) when shares dived to 1.1x, but ended up keying 10000 units when buying from the market. At the same time I was also queuing up to get Wilmar. When I realised the mistake, I quickly removed my queue for Wilmar. This is a blessing in disguise as it started rocketing for the rest of March 2021 (BB buying up?). But all's well that ends well. Luck at play.
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    Transactions and Dividends 

    (a) Transaction Summary
    • Bought the following shares March 2020:
      • UMS - 10000 units @ 1.170 each.
    (b) Dividend Summary
    • Received SGD 45 in distribution from Prime US REIT

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    Closing Thoughts

    This Blog

    I'll continue to maintain quarterly update at the bare minimum. One thing I realised after switching back is I felt less pressured to write. I still want to write about, but I guess I should stop pressuring myself and just write when I feel myself in the mood (save for the quarterly portfolio update).

    On the Investment Front

    I started off my first step of investing for the year 2021 with my position in UMS and feel pleased I have made progress towards recovering from loss in Alita, luck or otherwise. YTD, portfolio value has increased 13%. (Even more, had I base this portfolio update on 1st April 2021's closing price.)

    As I last said in Dec 2020 portfolio update, I am intending to further inject another 9000 throughout 2021. From the way things look, I could be doing the injection during June/July 2021 although an earlier injecting of 5000-6000 during May/June is not ruled out either.

    Can I keep this going? Can I aim to etch out at least SGD 10000 in gain within the next 2 years? Let's do this.

    Career

    No change from previous update here, staying focused project at work and still working (albeit at snail pace) to get myself acquainted in Data Science. Recently gotten some bonus and that helped nudge my savings very close to my 30K target savings.

    Personal

    There's been another major development here - besides trying for a baby, my Dad is retiring by end of this month (he runs his own business of servicing and installing air-conditioners.). I foresee my siblings (I have 2 elder siblings) and myself topping up allowance. A part of me thinks that some otherworldly force may be compensating for upcoming challenges with my portfolio's increase in value. I got my work cut out now and I need to keep this momentum in growing my portfolio going.

    There, I'm done for this update. It's income tax season so remember to do it up! Lastly, wishing everyone a happy long weekend!

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    Friday, January 1, 2021

    Portfolio - December 2020 / Year-End Reflection

    Happy New Year, Readers!

    2020 finally came to a close - With the ongoing Covid-19 situation, it was a year unlike any others compared to the years before. Many faced difficulty, be it individual or businesses alike, and if it weren't for government intervention, it could have been far worse. Those that managed to brace themselves and come out stronger.

    And there are some who managed to seize the opportunity, in the form of the market crash, to bring their financial target years ahead - well done to those that have had their efforts bore fruit.

    In a surprise move, I have decided to liquidate my major positions, leaving only Prime REIT (SGX: OXMU) as my only stockholding.


    See: Link to Main Portfolio page

    Contents:

    1. Portfolio (31 December 2020)
    2. Transactions and Dividends 
    3. Year End Reflection/Review 
    4. Closing Thoughts




    Portfolio (31 December 2020)





    Performance

     




    Some commentary on my portfolio
    • I managed to barely touch SGD 13000 on my portfolio thanks to the Christmas rally?
    • Overall
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    Transactions and Dividends 

    (a) Transaction Summary
    • Sold the following on 31 December 2020:
      • Fu Yu Corporation: Sold 11000 units at 0.260
        • Capital Gain/(Loss): (SGD 332)
        • Dividends reduces overall losses to (SGD 173.5)
      • Lendlease Global Commercial REIT (LREIT)
        • Capital Gain/(Loss): (SGD 10)
      • Wilmar
        • Capital Gain/(Loss): SGD 260
    (b) Dividend Summary
    • No new dividend declared or received in the month of December 2020.

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    Year-End Reflection

    2020 coming to a close also meant it's time for this annual internalisation for the investment year.

    What did I do well?

    Managing to inject at least 6000 into the portfolio. This year was specially catered for me to build up on my savings to prepare to start a family, so to be able to still inject capital was pleasantly surprising. Having said that, it is still not to the ideal I have in mind. What I really want is to be able to consistently inject SGD at least 12000 yearly which is pretty challenging at my pay grade after having personal committment.

    This is more of a consolation, but I am also glad to be close to breakeven after averaging down on and then selling off LREIT to recover from bad positioning in my initial buy last year.

    What did I not do well in?

    Letting FOMO bite hard when I bought Fu Yu on a high, only to have it not be anywhere near again.

    Not seizing the opportunity to buy closer to lows. Big part of this was not having a strong enough conviction (it is painful having fear breathed into you by your loved ones with no experience in the stock market).

    Lastly, not being "strict/demanding" enough, and not establishing some methodology with my entry/exit plans in my investment plans. This is probably the root cause behind FOMO on my initial buy on Lendlease REIT / Fu Yu Corp.

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    Closing Thoughts

    This Blog

    Ending it off, I may be going back to the quarterly portfolio update - with these major positions offloaded, I see little point in sharing Portfolio updates.

    On the Investment Front

    I will remain steadfast and continue my march onwards to recoup my losses from investing in Alita Resource.

    First, what is my investment plan for 2021?

    To begin, I would like to be able to inject at least an additional SGD 9000 into the portfolio.

    Next, it would be to either rebalance my stock portfolio or be able to increase my capital through trades. Where a rebalance is done, it would probably be biased towards positions in stocks that are in semi-conductor manufacturing or tech industry, or otherwise, stocks that will be inherently resilient in the face of Covid-19. Recovery plays will be second priority, and only if the price is right.

    Having said that, I will not rule out buying back what I have just sold provided the price is a bargain. The idea is not solid, but I have a watchlist of stocks I am interested in. Selling my major positions now gives me the flexibility to position myself in either way (trades or longer-terms).

    Personal/Career

    Project is ramping up and I spent half of December with OT, so have been quite exhausted

    To be honest, I find my source of income from working not keeping up fast enough with what I have in mind (a few hundreds off monthly). Cost of living is always increasing and if not managed properly, I cannot keep pace with my investment targets. Presently, I'm still some ways off 60K p.a. (an amount that I see as a prerequisite to help me meet the target.)

    I will continue my journey to pick up knowledge in Data Science and learning Python in my free time, as well as find opportunity in my present line of work (manufacturing) to apply these knowledge so it also becomes work experience I can put up onto my skillset. Either I continue staying in manufacturing environment but manage it in a way the new skillsets can pivot me towards career progression, or I change my career path altogether.

    On a more personal side, the plan is to try to start a family after 1Q2021. I am still trying to figure out how to ensure I can still keep to my investment targets in the years ahead thereafter.

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    Tuesday, December 1, 2020

    Portfolio - November 2020

    Hi readers, hope everyone is doing well... We're now just 1 month away from wrapping up 2020. It's crunch time at work - so I'm just keeping this a very short Portfolio update.

    NOTE: Stock prices shown in this portfolio update is based on closing prices on 30 November 2020.

    Interesting, kind of a sharp fall in STI components on 30 November 2020.


    See: Link to Main Portfolio page

    Contents:

    1. Portfolio (30 November 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (30 November 2020)





    Performance

     




    Some commentary on my portfolio
    • I'm kind of surprised Wilmar is not trending higher. It looks like I will be holding it quite a while.
    • It's pleasing to see some recovery from October 2020 (See: October 2020 Portfolio update), just a bit lower than September 2020.
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    Transactions and Dividends 

    (a) Transaction Summary
    • No transaction was done in the month of November 2020.
    (b) Dividend Summary
    • No new dividend declared or received in the month of November 2020.

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    Closing Thoughts
    I think I may have spoke too soon about Phase 3 drawing nearer. If we are not careful, community cases might go on an uptrend again. Let's be vigilant.

    I'm trying to get some units for Credit Bureau Asia's IPO (this falls under December 2020 / Year end Portfolio update if successful).

    I'm expecting to continue keeping to portfolio updates for the few months ahead, but I hope to do a bit more.


    Sunday, November 1, 2020

    Portfolio - October 2020

    October marks the beginning of 4Q 2020. Towards the final week of October, the market started seeing increased volatility.


    See: Link to Main Portfolio page

    Contents:

    1. Portfolio (31 October 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (31 October 2020)





    Performance

     



    Some commentary on my portfolio
    • With the exception of Fu Yu Corp (SGX: F13) which dropped only half a cent, the portfolio saw a significant drop. Overall, the portfolio value has changed by about -7.5%.
    (back to top)

    Transactions and Dividends 

    (a) Transaction Summary
    • No transaction was done in the month of October 2020.
    (b) Dividend Summary
    • No new dividend declared in the month of October 2020. (Wilmar's ~15% proceed from YKA IPO is not counted at the moment)
    • No new dividend received in the month of October 2020.

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    Closing Thoughts
    I am seeing some opportunities for fellow investors to accumulate positions with the increased volatility in the market. It's also a pity I did not offload Wilmar (it has not hit my target price yet) when it hit 4.6x - 4.7x. Previously, in my September 2020 Portfolio update, I had also mentioned toying with the idea of offloading Fu Yu Corp to increase position on stocks belonging to my current portfolio. 

    Read: Portfolio update for month of September 2020.

    Observing the market movement, this thought has once again presented itself. The near-term weakness in market, the indifference in Fu Yu Corp's stock price movement, and the possibility of near-term catalyst coming sooner to my other position than Fu Yu Corp is the reasoning behind this thought. Decisions, decisions...

    I guess if I do take action, you will see it in next month's Portfolio update. Haha.

    Other than market matters, I guess it's been a while since I shared any updates for personal events? If you are curious, here goes:

    (1) I have recently just completed a high-key In-Camp Training (ICT). It was a good change of pace from work affair, and give opportunities to catch up with peers from the same unit.

    (2) Taking advantage of the lower interest rate, I am working to change from HDB Concessionary Loan to a DBS 5-year 1.5% Fixed rate loan. (Thanks for the heads-up on Red Brick Mortgage Advisory, B!)

    (3) Started to learn about Data Science, either to explore opportunities that also combines knowledge as a Mechanical Engineer in a manufacturing environment, or to explore an opportunity towards a change in career altogether.

    Phase 3 is probably around the corner, and it is just a matter of time before announcements are out. It is fortunate the Covid-19 situation in Singapore is contained, but we should still be vigilant, until it has been eradicated altogether. Stay safe, all!

    Wednesday, September 30, 2020

    Portfolio - September 2020

    It is the end of Sep 2020, bringing 3rd quarter of 2020 to a close.


    See: Link to Main Portfolio page

    Contents:

    1. Portfolio (30 September 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (30 September 2020)




    Performance

     
    From this month onward, I have added Capital Injection (CI) into the graph, so as to show any increase or decrease not owing to stock movement. The Portfolio Value is inclusive of CI by itself.

    Some commentary on my portfolio
    • Wilmar dropped to 4.1x range for a bit before climbing back to 4.3x - 4.4x.
    • Took action on my portfolio this month - I drew down remaining amount from war chest, topped up a little bit from my wallet and added more Lendlease Global Commercial REIT (SGX:JYEU), or LREIT for short. This brings down my average price to ~0.73 SGD per unit.
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    Transactions and Dividends 

    (a) Transaction Summary
    • Bought 4500 units of LREIT on 4 September 2020 at SGD 0.645 each.
    (b) Dividend Summary
    • No new dividend declared in the month of September 2020
    • Received approximately SGD 145.30 in dividends for month of September 2020.
      • PRIME US REIT (SGX: OXMU): SGD 34.80 
      • Lendlease REIT: SGD 72
        • DPU of SGD 0.048
      • Fu Yu (SGX:F13): SGD 38.5
        • Dividend of SGD 0.0035 per unit

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    Closing Thoughts

    Going forward, short of any rights issue, I do not expect to further top up additional capital for the remainder of the year. However I have not ruled out any possibility of cycling funds ("change horse") within the portfolio. 

    For instance, a thought I have at the moment is how Fu Yu is dragging my portfolio performance because I bought at a high. Could the money be deployed elsewhere that would benefit my portfolio more in spite of Fu Yu's good business fundamentals?

    In addition, I have started to think of my investment plan going forward. Currently thinking that I am likely focus on mid-term (think holding period of 3-5 years?). I could lean towards banks, or certain cyclical industries. Wilmar is currently a short-term play (could be multi-month play, but may stretch up to 2 years max). Let's see how it goes.

    Other than that, I have been trying to figure out how to automate data extraction to facilitate portfolio updates. It takes multiple steps for me to get my data, and introduces human error as well. Tried some solutions that was supposed to call the stock prices from Yahoo Finance into Excel but to no avail. Hope I find some ways around this.

    Monday, August 31, 2020

    Portfolio - August 2020

    It is the end of Aug 2020 and this means it's time for the monthly portfolio update! There is a bit of activity this month (read on).


    See: Link to Main Portfolio page

    Contents:

    1. Portfolio (31 August 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (31 August 2020)





    Performance



    Some commentary on my portfolio
    • Finally took action on my portfolio - I drew down SGD 4400 from war chest and added Wilmar (SGX:F34) at SGD 4.37 each (and SGD 30 for brokerage fees) due to the 10% drop in price which I deem unrelated to its fundamentals. It is one of the stocks I had been eyeing after news of Wilmar's YKA Listing started coming out. How long will I hold this for? Somewhat undecided between short term punt or up to a couple of years.
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    Transactions and Dividends 

    (a) Transaction Summary
    • Bought 1000 units of Wilmar on 20 August 2020 at SGD 4.37 each. As it has gone XD on 17 August 2020, I am not entitled to the interim dividend of SGD 0.04.
    (b) Dividend Summary
    • No dividend received in the month of August 2020
    • Expecting to receive approximately SGD 158 in dividends for month of September 2020.
      • PRIME US REIT declared DPU of 3.52 2.56 US cents (approximately SGD 0.048 0.0348)
        • XD on 14 August 2020
        • Correction done on 30-09-2020
      • Lendlease REIT declared DPU of SGD 0.048
        • XD on 18 August 2020
      • Fu Yu declared dividend of SGD 0.0035 per unit
        • XD on 7 September 2020

    (back to top)

    Closing Thoughts

    The community cases in Singapore have been kept relatively contained, having hanged around single digit for a while. It is a relief, but we must not get complacent.

    On the investing front, my purchase in Wilmar leaves me with ~39% of warchest (inclusive of upcoming dividends) and I am considering my next course of action what to do with the remainder. I foresee making a choice between adding to an existing position, but we shall see yeah?

    An interesting read I came across is posted by Financial Horse, whom recently wrote on his concern for how the next phase of COVID-19 could play out, and it's something I mostly, if not wholeheartedly agree with.

    Read: Financial Horse - Why I am Worried About the Next Phase In Stocks

    Elsewhere, US Presidential Election is also around the corner, scheduled to take place in November 2020. The period leading up till then could see increase volatility, and that could produce more opportunities to add positions.

    Stay safe, all.


    Friday, July 31, 2020

    Portfolio Update - July 2020

    July 2020 was a pretty interesting month, with the General Elections held on 10th July, before being wrapped up with a Hari Raya Haji holiday and giving us a longer weekend for a good breather.

    See: Link to Main Portfolio page

    Contents:
    1. Portfolio (31 July 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (31 July 2020)




    Performance



    Some commentary on my portfolio
    • Nope, I still haven't taken any action to add or cut position, but just keeping an eye for stocks I am interested in, including positions I'm vested in.
    • Largely flat in comparison to June 2020. I'm down 0.44% from June 2020.
    • However, Lendlease REIT dropped quite a fair bit from my last Portfolio update in June 2020
    (back to top)

    Transactions and Dividends 

    (a) Transaction Summary
    • No transaction for the month of July 2020.
    (b) Dividend Summary
    • Received SGD 0.100 per share (Fu Yu Corp)
    • No dividend was declared in the month of July 2020.
    (back to top)

    Closing Thoughts

    It's been a few months and yet, I still don't feel I can act on any stocks I have my eyes on at the moment, but continue to monitor my watchlist.

    Perhaps it also raised questions to my idea for stock selection and action plan - namely having strategy or criteria more suitable for entering into new positions for the current investing climate.

    It has been barely over a year since I changed job. Work commitment is taking up more energy (involves getting more physical and putting hours in) and I enjoy my current work for the challenges it presents and the new knowledge I am picking up. While we have adapted to working with countermeasures for Covid-19 quite well, it did throw a bit of a curveball in taking my pay raise for the year away.

    Normally, my company has the pay raise and promotion done end of July. Due to Covid-19, there was a corporate-wide pay freeze (i.e. no increment) unless you were getting promoted, and management-level staff past a certain level took a pay cut. While I understand the reasoning behind the pay freeze and still grateful for my job security, I can't pretend to not find it a pity to have my target wage for the near future impeded. This also meant I need to be that little bit more prudent on spendings.

    Elsewhere, people in the workforce are harder hit and if it weren't for the government intervention, the fallout would have been far worse.


    I am currently putting writing on the blog on the backburner, save for my monthly portfolio updates. There were a few posts I meant to write, but ultimately leading to being discarded as the information is no longer useful for reasons (e.g. outdated and obsoleted by new info). Other times, I feel like I have writer's block or something. I do wonder if it is related to my inaction on the market.

    I currently foresee the frequency of new blog post to remain muted, but I do have some articles still in the drafting stage (yes, I'm working like an old man on that Alita hindsight post, and I also have one related to recurring expenditure of owning a HDB Flat).

    Slowly (but surely) will churn those posts out one day. One day. Hahaha.

    Tuesday, June 30, 2020

    Portfolio Update - June 2020

    It's end of June, so time for another portfolio update. Nothing much going on to be honest - like watching paint dry. Haha.

    See: Link to Main Portfolio page

    Contents:
    1. Portfolio (30 June 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (30 June 2020)



    Performance



    Some commentary on my portfolio
    • Overall, very slight recovery in existing positions.
    (back to top)

    Transactions and Dividends 

    (a) Transaction Summary
    • Cash injection of $300 into war chest.
    • No transaction for the month of June 2020 otherwise.
    (b) Dividend Summary
    • Fu Yu declared dividend of SGD 0.100 per share.
    • No dividend received for the month of June 2020
    (back to top)

    Closing Thoughts
    As of mid-June 2020, Phase 2 begun and we see crowd start to return to malls and other public areas. To be honest I am worried at the increase in cases again and folks intentionally not observing safety. I hope it trends downwards soon.

    A recap to the phased approach:
    Read: Gov.sg - Ending circuit breaker: phased approach to resuming activities safely

    Elsewhere, China is seeing a second wave and also returning swine flu, but China's military is getting experimental vaccines for Covid-19.

    Read: The Jakarta Post - CanSino's COVID-19 vaccine candidate approved for military use in China
    Read: BBC News - Hebei: China locks down 400,000 people after virus spike near Beijing
    Read: CNA - New swine flu found in China has pandemic potential: Study

    Market-wise, I am still sitting by the sidelines as I do not feel comfortable injecting funds yet. It is a "kangaroo" market at the moment and unless one feels certain stocks are valued at a decent enough price, it is probably otherwise more suitable to do rangebound trading. The temptation is there for me too, but I am trying my best to resist.

    Read: Seedly - What is a Kangaroo market?

    In the coming months, I think there is going to be several significant events which will further dictate the direction the market goes, such as US presidential elections, for example.

    I'm going to echo my ending note from May 2020 - Let us continue practise social responsibility to the best of our abilities as we all have a part to play towards recovery from Covid-19. Stay safe.

    Sunday, May 31, 2020

    Portfolio Update - May 2020

    It's end of May, so time for another portfolio update.

    See: Link to Main Portfolio page

    Contents:
    1. Portfolio (31 May 2020)
    2. Transactions and Dividends
    3. Closing Thoughts




    Portfolio (31 May 2020)

    Performance


    Some commentary on my portfolio
    • Lendlease REIT had quite a bit of recovery, but still quite some ways off pre-Covid-19 price.
    • More than half of the portfolio consists of the war chest now, which I will increase by SGD 300 for the month of June 2020.
    • Fu Yu Corp has yet to gone cum-dividend due to the delay in AGM. I'm presuming it will go CD and XD in the month of July or August 2020, and this proceeds will again, be added to the warchest.
    (back to top)

    Transactions and Dividends 

    (a) Transaction Summary
    • No transaction for the month of May 2020.
    (b) Dividend Summary
    • No dividend declared/received for the month of May 2020
    (back to top)

    Closing Thoughts
    Singapore is starting to ease Circuit Breaker and we will begin Phase 1 of reopening on 2 June 2020. But what interests me more is Phase 2, where further easing is done.

    Read: Gov.sg - Ending circuit breaker: phased approach to resuming activities safely


    There is a chance we may enter Phase 2 earlier, which will allow dining in at F&B establishments albeit with safety measures, as well as small group social gathering, and that may further soften the impact of Covid-19 on Retail / F&B establishments a little more. It is conditional to stability in community cases and I keep my fingers crossed this will be the case.

    It is also heartening to know further support will be granted to employees and businesses alike with the Fortitude Package.

    Read: Gov.sg - A summary of the Fortitude Budget 2020

    On the market, I was surprised at the rally to a number of S-REITs on 29 May 2020. I can understand the MSCI Singapore Index inclusion for Mapletree Logistic Trust, but I have yet to understand the reasoning behind rally on the non blue-chip S-REITs (Can anyone shed a light why?).

    For now, I remain on the sideline figuring out what to put my warchest into. A number of stocks I am watching has gone some ways up in pricing and I am figuring out if there are more attractive ones I can buy into, or if we will see some corrections to keep stock prices rangebound in the months to come. I will also keep an eye out for further financial impact to businesses.

    Lastly, I hope everyone stay safe. Let us practise social responsibility to the best of our abilities as we all have a part to play towards recovery from Covid-19.

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