[Review] 2017 W17- Learnt scaling-up, and executed one recently

Foreword

Last week, i was too lasy to scan for stocks, hence did not enter any counters. I did however learnt about scaling up from Rayner Teo's video(see here) and executed it the same week.

Review of Counters- added some descriptions to my portfolio this will remind me when i invest/trade of my objectives. 

i) For Income -(TA25/FA75) Good  yield (> 3.5%) and increasing DPU, uptrending/stable prices (200ma). at discount to NAV (~0.7 to 0.8) Macro outlook is positive.

Accordia Golf Trust. At current price of 74.5c, it is trading at ~0.8X NAV, has a yield of 8.8%, Fundamentals of the stock has remained constant since i started accumulating, where JPY was trading at a lower value, and interest in golf as a sport does not seem to have diminished too much. The risk, which i dont rule out, is the outbreak of war in north east asia, which could wipe out my entire holdings. My yield based on cost is >10%, so i do not see a reason to exit this counter, however i do not want to add further on this counter as a significant percentage of my holdings is held up in this counter(risk concentration).

TA-wise, looks poise to breakout and soon.

Chip Eng Seng At current price of 74c, it is trading at 0.6X NAV, with a yield of 5.4% and PE of 12. this counter has a track record of stable DPU, i entered it as a substitute to REITs i divested from . The property sector has bottomed out,while economic outlook for sector is positive. 

TA-wise looks like it is in consolidation, will  wait for XD to get in cheaper.

Mapletree GCC. Currently, price at 1.06 is trading at 0.8x NAV, with a yield of  6.8% and a PE of 8. This REIT has a track record of increasing DPU, and i entered this counter as a reinvestments of my divestments from Cache Logistics. Mapletree Management is sound. This risks are in  exposure to concentration risk as it owns limited properties, is affected by e-commerce and forex movements(double-edge sword).

TA-wise: Currently the the breakout, presents set-up enter further (scale-up).

Venture Corp. Currently priced at 12.2 is trading at 1.75x NAV and at the PE of 19, , yield of 4%. my yield, based on cost is ~6%. The semiconductor companies are experiencing a bullrun, and Venture though abv NAV, is considered trading below its weaker/smaller capped peers. there is still quite some legroom to move,uptrend is very well in tact, and i see no reason to slaughter this golden goose for meat yet.

TA-wise, there is a breakout and can enter when price hits an area of value. however, the margin of safety is not as high, and i do not want to be exposure to too much risk over this position.

ii) For Growth/Value -(TA50/FA50)50 & 200ma, macro-outlook, set-up for entry, needs a narrative (e.g. semiconductor stock run/ properties bottom out, fantastic outlook), tend towards 0.6-1.2x NAV 

SGX I Entered SGX on a "hot tip", outlookwise, i thought that the worst is over already as 2016 was really a terrible year where more stocks delisted than IPO-ed. Looking at the trend, ever since XD, the price has fallen steeply, and currently downtrending. at the support. I'm going to observe next week's movement as there are price rejection candles that suggest a high probabilty set up of reversal.

However, I am likely to exit SGX in view that there are better ways to put my money to work harder for me.

China Aviation. This counter is quite phenomenal, as it has risen 3X since the bottom. it has good investment moats of a monopoly of supplying Chinese domestic markets aviation fuel. With in-country expected to boom in china there is potential growth in profits for China Aviation.

TA-wise will not add more  as price is too near my earlier entry price, but will continue to be vested in this uptrend counter, unless invalidated.

OCBC. Interest Rate hike environment is positive for banks, and after a year of turmoil in 2016, the outlook for 2017 seems better as oil and gas effect has been factored in already. Fairly priced at 1.2x NAV, and a Div yield currently at 3.6%  it can be a growth-income play.

Scaled-up my position quite recently because it hit my trigger when it broke the 9.7 barrier, so the set-up is a breakout play. the subsequent day also proves strong bullish volume and should expect bullish momentum to continue on next week.

iii) For Speculative - (TA100) 50ma pure technicals with setup ( trend/ breakout/reversal)

Thaibev, Currently in the pull back phase of a reversal, uptrend is still in tact. Entered just before the golden cross over, so i am waiting for some action to take place soon, otherwise will have to exit this position.

MM2 Asia.Uptrending counter that is currently range trading the 46.5c to 52c range. entered on the basis of it continuing with the uptrend, but unfortunately UnUsual listing did not provide long term sustained activity. looking for some bouncing off dynamic supports soon!