Working >50% time at home with minimal social gathering and meet-ups with friends, 2021 sped by like a rocket.  I am not an artistic person and never imagine that I will be doing ART every week...(before going back to office).Stayed in hospital for a week (not covid).  This was a wake-up call for me. I start exercising 4-5 days a week, when not going back to office. Do feel improvement in personal health and fitness.  Well, time to do a final review on my portfolio's performace in 2021.Top 30 positions of my portfolio at end 2021:1. SGX2. ParkwayLife Reit3. UOB4. Keppel DC Reit5. OCBC6. FCT7. Frasers L&C Tr8. AIMS APAC Reit9. CapitaLand I Comm Tr10. Mapletree Com Tr11. Mapletree Indust Tr12. Ascendas Reit13. Keppel Corp14. SPH Reit15. Suntec Reit16. CDL HT

After being subjected to a short-seller report back in 2016, Silverlake Axis Ltd (SLA) has ... Read more >> The post Silverlake Axis (SGX:5CP) – bullish reversal coming? first appeared on .

When we first starting discussing screens more than 10 years ago, there were no good screens out there for retail investors. But technology advances, today we can easily screen for stuff. Just google "stock screener" and you get tonnes of screens. Even screens for ETFs! It is true that most would be made for the US and other big markets. But still, you can get good stuff.I have been using poems as described in last year's post. This year, I would also be showing the poems screen. Singapore has been hit badly by the pandemic and we do get a lot of interesting results. So, this year's screen will be the first time in a long while we discuss Singapore stocks.Here's the criteria I used for this year's screen.I have focused on ROE and ROA (which are proxies for ROIC or return on invested c

 I read an BT article on 5 investment pitfalls. I thought I blog about it to crystallize my thoughts. I hope I will be able to illustrate the various points made by the author with my own examples."If something is too good to be true, it probably is" I wonder what is considered "too good to be true"? Dividends yield of more than 10%? I remember I used to own APTT, LMRT, Sabana Reit and even SPH at $3.6. Most of them have yield around 10%. except SPH.Even suspended Qingmei gave an yield of 15% for me, once. I think there is big difference here between trailing yield and future yield. Looking back, buying counters with trailing yield of around 10% or more usually does more harm than good to my portfolio. There are indeed years where I harvest the above 10% yield, but it is not

Less than a year ago, after a screening process, I highlight 4 companieshttps://sillyinvestor.blogspot.com/2020/05/company-prospecting-process-maxi-cash.htmlOf the 4 companies, Maxi-cash, Muti-chem, Hotung, and Overseas Family education,I only invested in Hotung. Maxi-cash and Muti-Chem gives capital gain of 50% and 70% had in invested in them, and Hotung, just 15%, excluding dividends. What went wrong? I think I have current yield bias, and aversion to company with high loan to equity ratio. Could I have done better? I am not sure. I guess missing out on gains is better than holding on to losses.I predicted improving dividends for 3 counters in blogpost herehttps://sillyinvestor.blogspot.com/2020/12/merry-chiristmas-here-are-3-companies.htmlOf the three, YZJ kept is earnings int

Just a quick update. SLA suspension of dividend in 1H is the straw the broke my back. I threw in the towel. Suspension of dividends when profits is still decent, and cash hoard high is a red flag to me. They have already suspended Q1 dividend, with 1H reporting as an excuse. I was prepared to give  them the benefit of doubt since during Covid Period, everyone might err  to the side of catious. I would prefer that they give a lower dividend then scrapping it during Q1. So when 1H came and go without dividends, I was aghast. Just during the AGM, they told shareholders dividend payout is not something they take lightly and they assured shareholders that there is no imminent acquisition. Hence the suspension of dividends bring back memories of S-chip. SLA is SaaS compa

It is rather difficult to project earnings beyond 1 year, which is what I learned from Lee metals and silverlake axis, Yet, because of the "unqiue" or "unfortunate" circumstances of Covid-19, it is quite possible that we can project 2 consecutive years of growth. 2020, is a recovery year from a low base, with 2021 being a "growth" year, just by the virtue of execution of shelved plans. Lets start:Koufu:1) In their updates, H2 is already better than H1 due to Phase 2. Yet, we know the F&B retailing segment will still be mostly constrained by the WFH affecting stalls' business at those near office and tourist attraction and also by the maximum of 5 people capacity2) 2021 is a recovery year, due to a low base effect, it is a no brainer that earnings will be better. 3) Assum

First REITI used to owned FR and during October when it plunge to 50 cents, I actually bought more of it. I calculate the worst scenario of 4 maturing 2021 hospitals' fees being halved and felt 50 Cents will be a steal. My Average price is about 72 cents. When Lippo announce unilaterally that they are doing restructing of all the hospitals, and price plunging, I do not have the luxury of time to re-calculate everything although I do remember DPU could well be Halved if all hospitals are reviewed and using a 10% yield as an estimate of fair value, I thought it can go to 40 cents, so I simply sold off all my holdings then for a small profit. After the Restructing exercise is announced, I bought back at 44 cents, believing it offer good "value". Given I intent to do it in 3 tranches

In a few days time, we will welcome 2021. 2020 has been a strange year. For many of us, some of the norm and stuff that we are so used to do has changed. I am sure many hope that this pandemic will be over soon. It is also a strange year for investors, fist witnessing market crashing almost everyday and followed by fierce FOMO re-bounced. For the braved ones, it has been rewarding but like most investors, my portfolio was ugly red during the March crashed.Here is a summary of how I have done. My overall portfolio performance as follow:Dividend received = $18,917Profit from sale of stocks = $19,804Trading = $1593 (45%)  (started in Oct. as experimental)Total profit 2020 = $40,314Below are my worst performing counter:Sing O&G (-25%)Halycon agri (-16%) - TradingSilverlakes

 This part of investment journey ahead is likely to be my weakest link, monitoring and documentation. In my work, I am quite weak in documentation and monitoring of the effectiveness of various programs or ideas I had, the only exception perhaps is my pupils' exam competence, although I do not do detailed documentations, there is enough "tests" and assessments that gave me insights about their capability. In 2020, I went from the peak of 60% cash to 15% cash, and activated my CPF for investing several times. I have kind of done with building up my portfolio. What I need now, is monitoring, and decide when to hold, sell, and perhaps buy more. I have put down the various criterias I used to screen a stock. I now assigned a nummerical score to it, but I will still use it as a g