Thoughts
Week end is finally here! i really cannot wait to read books, enjoy chillax day out!
Working is really attention sapping, sometimes i dont have the braincells to respond to my family and friends. That is why it motivates me to invest smarter and harder, and to sharpen my edge in trading. So i can eventually take on a job i really like, and find meaningful without taking salary into consideration.
Skills
Data visualisation: completed
Simple database building: done
coding: return to zero!!!
Transactions
SATS. Entered this position as a breakout play, as per my weekend scan (here). it is playing out very well right now.
Singapore O&G. Income investment. There was a bit of FOMO, because just as i was about to buy after considering so long, it suddenly breakout higher, then of course at the end of the week... price headed down. But it is alright, because i am looking at this for a longer horizon.
Reasons why i was looking to buy this counter was:
- net cash counter
- sustainable dividends
- high value service
- near IPO price
- higher dividend than other similar counters
- Disputes/unhappiness among partners/doctors.
The dividend is above 4% and there is room for more growth. Will exit when capital appreciation outstrips dividend growth, or when there are long-term decisions by the company management that reduces profitability (e.g. enter into related businesses).
Holdings (trade)
Accordia Golf. Consolidating for now. can hold on unless proven otherwise.
APAC Realty. consolidating of sorts, hopefully it can break the 67c resistance.
Fu Yu. Price is consolidating, and it has "expired", I'm thinking of exiting, but afraid of missing the 20c+ rally if it occurs.....
ThaiBev. Price retreated a bit,maybe can enter if there is some signs of rebound.
Wilmar. climbing very swiftly now. lets see how high it can climb!
Yingli. Though i recently added onto the position, till the delist offer of 14c ends, price wont move much, and even then, i would not know how price will react. I am thinking of divesting.
Holdings (investment)
Olam (23%). entered on 3rd week of 2019 as an income investment with element of growth. The thinking behind it is documented here. I wanted to enjoy good dividends as i wait for capital appreciation.
The idea is for entry:
- Good sustainable Dividend of ~4%
- Better cashflow than its peers
- No foreseeable technology disrupting its business
Exit will be when:
- Dividend cannot be sustained due to negative news
- cashflow drops below its peers
- Creditable disruption to its business appears.
DBS (23%).entered on 2nd week of 2019 as income investment with element of growth. The thinking behind initiating a position is documented here & here. I wanted to enjoy good dividends while i waited for capital gains to be realised.
Entry was because of:
- Management. Comparatively better management than the other banks, proactively absorbing technology to avoid disruption.
- Attractive dividend yield (5%, $1.2) that is sustainable.
- No foreseeable disruptive technology in sight.
Exit will be:
- when dividend cannot be sustained above 2.6%
- Foreseeable disruptive technology to its business spotted
QAF(14%). Entered on 13th week of 2019 as income investment, with high yield and potential upside. The idea is that declaring 4c dividend (consistent with yield since 2012) quashed the perception that it will cut dividends for following months due to the earlier drop in profitability and forced selling of high returns business in Malaysia.
Entry was because of:
Entry was because of:
- maintained dividend yield ( DPU 5c)
- attractive dividend yield 6.1% entered at 81.5c
- no foreseeable disruptive technology
- when there are indicators that dividends have to be cut
- disruptive technology in the horizon, but no corporate action to adopt it
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