Denver’s Portfolio

 Bought 2000 shares of KIT at 0.54. With a 0.0372 dividend, the dividend yield is 6.88%. Results not affected by covid, growth in cash flow compare to  previous years.  Still declare only 0.0372 for dividend. Most likely saving cash for future acquisition.  In progress of acquisition of the Philippine oil storage, expecting to see increase in income next quarter. Management seems to be aggressive in M&A to acquire for assets for KIT. Looking forward to collect 6.8% while waiting for more acquisition

 Bought my first non sg stock from hk. 00939 China Construction Bank. The most prudent and highest roe among the big 4 banks. 2020 1H results still quite okay. One of the highest NIM compare to the other big 4. At 5.89 I am expecting around 6 plus percent dividend yield this year with a payout ratio of around 30% 2 big catalyst will be China opening up economy attracting more foreign funds to flow into China and a booming China economy. There is no way that foreign funds would not buy China banks as they are now valuation wise cheap and profitable. While waiting for that to happen I will sit tight and collect my high 5% dividend ( due to 10% withholding tax)