Thursday, 29 November 2012

Religare Health Trust

It is sheer amazing to see the number of initiation reports being issued on Religare this week.


There are 4 initiation reports!

CIMB - long term outperform with a price target of 95c. The report is here.

DBS - Buy for 10% yield and 97c target. The report is here. To give it due credit, i think it was the first to issue the initiation report.

Nomura - Buy with a target price of 93c. The report is here.

Standard Chartered - Buy with a target price of 96c.  


Share Chart


I spotted this counter yesterday but somehow just couldn't bring myself to invest in this company for the SRS portfolio. I do think downside is probably limited for now.  A break above 85 will be bullish.

Frustrating Week?

It was a frustrating week for the Starfish SRS account as i missed out on a few counters that i wanted to add on but the stocks left the train station before i could react.

The only consolation was that i added UOB and Keppel Corporation last week at the low. The post was here.

The stocks that i was eyeing to add to my SRS portfolio included:

  • Singtel at 3.15
  • AIMS Reit at 1.40
  • Kep REIT at 1.18

I guess part of the 'inertia' to add on to my SRS portfolio was because i have open trading positions in Sembcorp and Noble and that i am leaving Singapore soon for an extended break. 
It is still a tough act sometimes to act 'independently' for each account. hahaha.

STI

STI has reversed its bearish bias and turned neutral by closing above the neckline of 2,980 and then trending higher above the 3,000 level. It is too early to tell if the correction is over and whether it is heading towards 3,050 to form a triple top?


Happy investing and have a good season-ending break. :)

Thursday, 22 November 2012

UOB & Keppel Corp

UOB Ltd

Added one lot of UOB in my SRS account today at around $18 today.


The first target is around $19.00 but i think this counter will take a while to recover. 

Keppel Corp

Keppel Corporation has moved up since my initial purchase. The initial post is here.

Tuesday, 20 November 2012

Nera Tel & Keppel Corporation


Nera Tel



Nera Tel announced that its major shareholder, Eltek ASA has decided to sell its 50.5% stake in Nera Tel to Northstar at $0.49 each, thereby triggering a mandatory takeover offer. The announcement is here. I have purchased my shares in Nera back in August 6 at 41cents. The post is here.

This is the second time which Eltek ASA is trying to offload its stake in recent years. The previous offer by STE of 39c ended in a failure. I am not sure if there is any difference this time but the offer is better this time at 49c but it is still below the current trading price of 50c. The recent research report is here.

Keppel Corporation


I added 1 lot of Kep Corp at 10.17 today.


At the current price, the yield is more than 4% but the PE is below 10x. The analysts recommendations are below for your reference. My target is to sell this above $11 and receive the dividends during the interim if declared. Happy investing.


Thursday, 15 November 2012

Capital Preservation Mode

It turned out that November is an active month. I have previously shared with you my bearish view on STI and the fact that i would have cut my positions inCache, Suntec and STXOSV some time back. It turned out that i should have "stuck" to my initial instincts. With the benefit of hindsight, the decision to switch from Starhub to STXOSV and M1 turned out to be a foolish one as it created more volatility to my portfolio without adding value and created a loss.

Today i am in a capital preservation mode and decided to liquidate my positions in SRS for the 3 stocks this morning. Not too sure if it will be a good or lousy decision but i had no time to watch the market. I may progressively cut my remaining positions should my 'trailing' stops be triggered. The only problem with this strategy is that i may forget to buy back the counters ...

Cache Logistics



STXOSV 



Suntec


Wednesday, 14 November 2012

QAF Limited & Courts Asia

QAF Limited

It was a disappointing set of Q3 results released by QAF and the profit plunged by 51% for the same period last year.



Chart wise, it has been pretty disappointing as the share price closed at $0.735 today. I don't like what i am seeing from the fundamental aspect and sold my 8,000 shares this morning, achieving only a small profit. My original entry was here, way back in August. On hindsight, should i have gotten out around 84 cents and achieve a capital gain of around 19% instead of holding till now only to be let down by a set of disappointing results?



Courts Asia

I missed the boat for this one. Courts Asia announced a pretty nice set of Q2 results! My IPO write up was here.



Q2 Profit increased by 49% while 1H2012 profit improved by 28%. I always like companies that announce improving quarterly results. Perhaps the market wasn't expecting a set of robust results and traders and investors are all rushing in to buy the stocks, perhaps aided by short sellers covering this as well.



It can be a nice trading position if you get in this morning. A possible trade this morning would have been to buy at 72-73 with a cut loss at 65. Unfortunately my reflexes was pretty slow this morning. Was too busy with cutting my position in QAF. hahaha.. perhaps i should have switched from QAF to Courts instead. :-P

Tuesday, 13 November 2012

Cache Logistics and Suntec REIT

Cache Logistics


My "sell" alerts went off at 1.20 while i was travelling. I have mentioned about the burst of the yield bubble a few weeks back in this post.  I am still holding on to the stock in my SRS portfolio as it is not a trading portfolio but frankly the urge to take profits is there. 

Suntec REIT


Similarly, the sell alerts on Suntec also went off at 1.55. While I have not sold my positions yet, sometimes i do wonder if it is a good idea to sell first and buy back again when the prices have dropped. The only problem i have with such a strategy is that i always forget to buy back due to my busy schedule. hahaha.

I am unlikely to add on new positions to my SRS portfolio until i see clearer buy signals or when the share prices of the stocks i like have reached the support zone. Happy SRSing.

Sunday, 11 November 2012

SRS Portfolio as at 31 Oct 2012

Here is the update for the month of October.

Transactions in Oct

There were 3 transactions on 22 Oct 2012 as mentioned in my earlier post.

Bought 2 lots of M1 and 3 lots of STXOSV but sold my 2 lots of Starhub. The capital gains from Starhub was $3,024.10. This series of transactions actually brought more volatility to my SRS portfolio which wasn't my intention. It was quite ironic that Starhub reported quite a good set of Q3 results and analysts start to upgrade the counter to a buy!  After going XD, Starhub was last traded at $3.63, the price which i sold it on 22 Oct and I have effectively lost 5 cents per share worth of dividends. 

Dividends in Oct

Received my first distribution of UMS Holdings of $100! Excellent. 

My dividends from 1 Jan 2012 to 31 Oct 2012 is $1,539.10. This translate to a lowly $128 per month and still a long way from building up a passive income for my retirement. My short term target is to reach $500 per month. Let's see where 2012 will end at as a lot of stocks will announce dividends only after the final year ended. I will continue to add more REITs, Telco, and dividend paying stocks when the opportunity arises.


Portfolio as of 31 Oct 2012


Performance since inception till 31 Oct 2012

Total Capital since inception = $82,875.
Total Value since inception (include gains and losses, dividends and interest) = $98,111.99 
Return on Investment = 1.18x

The unrealised value have dropped given the recent fall in share prices and the portfolio breakdown will look like that as of 11 Nov 2012 share prices.

OCBC SRS Pamphlet

photo.JPG

OCBC has a pamphlet together with my OCBC credit card bill and is offering $50 Robinson voucher for an initial deposit of at least $10,000. Hmmm... why not you take up the offer with OCBC to open a SRS account and start investing for your retirement today? :)

Happy SRSing.



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