Share investment Apr 17 Part 1

Time had been hard since the last update. Good new is that recently I managed to get tenant for my condo in Singapore. Yay! I still prefer to sell it though, given the extremely unfavourable tax rate on non-resident.

Due to absence of rental income for the past 8 months and the huge additional income tax that IRAS asked me to fork out, I had no choice but to divest some shares to pay for my expenses:

(1) Sold remaining SBS Transit shares since the first tranche of bus services was awarded to a foreign company. It would appear that being the incumbent was not good enough to win the tender. Morever, its dividend yield was still low. Managed to gain profit from this.

(2) Sold some Sembcorp Industries shares simply because it was the largest component of my share portfolio then. Unfortunately, due to momentary glitch I ended selling twice the amount that I wanted and hence I have very few shares left. Sembcorp Industries is still struggling amidst the fallout effects of the low oil & gas price. Sold at a huge loss.

(3) Next largest was Venture Corp shares, where its price had shot up dramatically over the past year. Trimmed its holding. Sold with profit.

(4) Sold significant number of M1 shares ever since a 4th license was awarded to operate in Singapore. M1 is the smallest telco in Singapore and its revenue comes exclusively from Singapore. It had cut dividend too. Its future is quite bleak. However, I left some shares there as a "wait and see" strategy. Perhaps there might be a buy-out? Sold with profit.

As at 21 Apr 17, I have investment in 26 companies (I've also indicated whether their source of business is solely in Singapore only or not):

AIMS-AMP Industrial REIT (Singapore only)
Ascott REIT
Ausnet Services
Boustead Singapore Ltd
Cache Logistics Trust (Singapore only)
CapitaCommercial Trust (Singapore only)
CapitaMall Trust (Singapore only)
CapitaRetailChina REIT
First REIT
Fraser Centrepoint Trust
Keppel Corp
Kingsmen Creatives
M1 (Singapore only)
SIA Engineering
Silverlake Axis
Singapore Press Holdings
Singapore Technologies Engineering
Saizen REIT
Second Chance Properties (Singapore only)
Sembcorp Industries
Singapore Shipping Corp
Venture Corp
VICOM (Singapore only)
2 Responses
  1. Twilight Man Says:

    Waaaaah! You are a big taukeh who has shares in 26 companies. No wonder you have retired & playing games. Good karma!

  2. Jaded Jeremy Says:

    Twilight Man,
    All small positions lah. 1 lot = 100 shares only :)