Share investment Mar 20 Part 1

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This yearly update was done while Malaysia was under partial lockdown.

Initiated position in:

(1) Boustead Project

From their website:

" We are a leading real estate solutions provider in Singapore, with core engineering expertise in the design-and-build and development of smart eco-sustainable business park and industrial developments. "

" To date, we have constructed and developed more than 3,000,000 square metres of real estate regionally in Singapore, China, Malaysia and Vietnam. "

Subsidiary of Boustead Singapore Limited.


(2) HRnet Group

From The Smart Investor (set up by people behind Motley Fool SG):

" HRnet Group is in the business of helping other companies hire people. The HR recruitment firm has two main business segments:
  • Professional recruitment services where it owns brands such as HRnetOne, PeopleSearch, SearchAsia, HRnetRimbun and REForce.
  • Flexible staffing solutions with its Recruit Express, RecruitFirst and Career Personnel brands. "
Stands out because of
  • " Ownership culture
  • Efficient scale: A large employee contingent
  • Growing addressable market
  • Healthy free cash flow and financials
  • Attractive valuation "

(3) Mapletree Commercial Trust

From their website:

" Mapletree Commercial Trust (“MCT”) is a Singapore-focused real estate investment trust (“REIT”) established with the principal investment objective of investing on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, whether wholly or partially, as well as real estate-related assets. "

" As at 1 November 2019, MCT’s portfolio comprised five properties in Singapore – four located in the Greater Southern Waterfront (HarbourFront and Alexandra Precincts) and one in the Central Business District (“CBD”), namely:
  • VivoCity, Singapore’s largest mall, located in the HarbourFront Precinct;
  • Mapletree Business City (“MBC”), a large-scale integrated office and business park and retail complex with Grade A building specifications, located in the Alexandra Precinct;
  • PSA Building, an established integrated development with a 40-storey office block and a three-storey retail centre known as the Alexandra Retail Centre (“ARC”), located in the Alexandra Precinct;
  • Mapletree Anson, a 19-storey premium office building located in Singapore’s CBD; and
  • Bank of America Merrill Lynch HarbourFront (“MLHF”), a premium office building located in the HarbourFront Precinct "

 (4) SBS Transit

The positives, according to The Smart Investor:
  • Stable, rising demand for bus services
  • Asset-light model
  • Track record of generating cash
  • Well-covered, rising dividend
  • Exploration of use of technology to enhance operations e.g. anti-collision system and autonomous buses

 (5) SGX

The positives, according to The Smart Investor:
  • Establishing its niche
  • Growth from derivatices
  • New geographies and new busineses. Invested in new ventures e.g. US-based electronic bond trading platform, specialised trading platform for global FX markets, digital freight platform, private securities exchange built on a public blockchain, file for patent for automating the delivery versus payment processes using smart contracts which are built on blockchain technology
  • Free cash flow machine

(6) Singapore O&G

From their website:

" Established in 2011, Singapore O&G Ltd (SOG) was formed with the vision of creating a specialist medical and surgical group catering to the healthcare needs of the modern woman, her children and her family.

With clinics strategically located throughout Singapore, we give women and children easy access to high-quality, trusted healthcare services with a personal touch.

Our group offers medical and surgical services with a focus on:
  •     Obstetrics
  •     Gynaecology
  •     GynaeOncology
  •     Breast & General Surgery
  •     Dermatology
  •     Paediatrics "


Shares that I sold:

(1) Kingsmen Creatives

Dividend yield on cost below 5% for 5 consecutive years


(2) Singapore Technologies Engineering

Dividend yield on cost below 5% for 5 consecutive years


(3)  Second Chance Properties

Dividend yield on cost fell dramatically these past 3 years to around 1%


(4)  Sembcorp Industries

Dividend yield on cost below 5% for 5 consecutive years


(5)  Silverlake Axis

Dividend yield on cost steadily fell for past 4 years: 3.1%, 4.7%, 3.6%, 2.3%. 


As at 18 Mar 20, I have investment in 33 companies (I've also indicated whether their source of business is solely in Singapore only or not):

AIMS-AMP Industrial REIT (Singapore only)
Ascott Trust
Boustead Singapore Ltd
Boustead Project
Cache Logistics Trust (Singapore only)
CapitaCommercial Trust (Singapore only)
CapitaLand
CapitaMall Trust (Singapore only)
CapitaRetailChina REIT
ComfortDelGro
DBS
First REIT
Fraser Centrepoint Trust
HRnet Group
iFast Corporation
Keppel Corp
Mapletree Commercial Trust (Singapore only)
Mapletree Industrial Trust
Nordic
OCBC
SATS
SBS Transit (Singapore only)
SGX
SIA Engineering
Singapore Press Holdings
Singpost
Singapore Shipping Corp
Singapore O&G (Singapore only)
SingTel
Top Glove
UOB
VICOM (Singapore only)
Venture Corp

Comments

William said…
My recent dividends all shrunk :(
March 22, 2020 at 11:32 AM
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