Since my last update, the markets have fallen further, and then rallied back. Unfortunately, I have had not as much cash as I would have liked in my war chest to take advantage of the cheaper asset prices, due partly to emptying out a large part of it in the August 2015 dip, as well as increased expenditure over the past few months for leisure purposes.
Nevertheless, I have added another 5000 units of Keppel DC REIT, as well as 200 shares of UOB to the local portfolio. I decided to add to Keppel DC REIT due to its stable earnings so far (which slightly exceeded post-IPO expectations), decent balance sheet as well as price weakness. Of course the same risks remain; a majority of its debt being due in 2018, as well as the the nature of data centre assets depreciating over time place downward pressure on it's NAV. After this purchase however, I think I will have a 'just nice' amount of exposure to this sector as a total percentage of my portfolio.
For UOB, the reason I got more of it is the same as the in the previous post, and of course price weakness over the past few months. Compared to DBS and OCBC though, UOB's share price hasn't rallied as hard as them in the recent recovery.
You may notice that even though the portfolio value has gone up significantly since the last update, due to share purchases as well as the broad market rally the average monthly dividend has stagnated, due mainly to large dividend cuts by companies with large exposure to the oil and gas sector, Keppel Corp and Sembcorp Industries.
|Stock||Shares||Market Value (S$)||% of Portfolio|
|Keppel DC Reit||10000||10,850.00||6.08%|
|Cache Log Trust||7000||5,915.00||3.31%|
|Average Monthly Dividends||$711|
No change in composition for my overseas portfolio so far, although the British Pound has weakened quite a bit to the Singapore Dollar.
Until next time,