Denver’s Portfolio

Just bought my first tranche of Ascendas reit. 500 shares at 2.9. Based on the dpu of 14.74 cents it will be yielding a 5.08 percent for me which is quite comfortable for me. Will be monitoring the retails reits as they will be affected by the coming heightened phase 2.

 Got a $60 SGD voucher on tiger brokers. Decided to spend it on buying a us stocks that is near the price of the voucher.  Decide to buy GIS General Mils a old consumer company that is trading at a PE of only 15. This should be counter than can counter inflation. It is only 80 plus sgd which is negligible to my portfolio but it can act as my first foot hold into us stocks.

 Basically I just sold KIT, no gain/lost. The purpose is to increase my cash on hand and add more MIT if the price continues to drop. KIT no doubt is a defensive counter with a certain amount of growth but to me I view MIT as a more stable and growth reit with room of growing dpu. 

 Solid blue chip reit in industrial spaces both in US and SG, also has data centres which is a growing business as the data usage. At $2.57 with last year dividend of $0.122 it has a dividend of 4.74%. I only bought 400 shares if price is still attractive and I have more cash on hand will be adding more.

 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)

At the end of the last trading day of 2020. My portfolio Time-weighted returns for 2020 is 0.08 percent behind ES3. With a capital gain of $84.09(0.49%) and total returns(including dividends) of $585.79 (3.42%) Personally, I feel that my portfolio returns are not that good since I am still lacking behind the sti mainly due to the positions that I built before covid. During 2020, I added UOB, CICT, STE, Prime and Koufu.  I am currently looking at insurance companies like UOI and GE. I like the strong asset and recurring income that insurance companies have and expecting to see their investment income increases due to the rise in equities prices. Besides insurance companies I am also watching Ascendas reit and other industrial reit. Currently they are giving around 5% yield which i think is reasonable but hoping to get a higher yield if there is a drop market. I am also watching CRCT , I would like to participate in the China martlet through a reputable management like CapitaLand and...