October has been a roller coaster month. With the protesting in Hong Kong continuing, Ebola spreading in the US, falling oil prices and the Feds ending QE, the market has fallen sharply. However, it also presents a chance for us to pick up discounted stocks. :) Hence, I have nibbled Sembcorp, OUE Ltd and IBM (US). IBM's stock price plunged to a three-year low recently after their CEO dropped the earnings forecast for 2015 (five-year plan to boost profit). However, I am confident that IBM has an experienced management team to turn the business around. It also boosts confidence that Warren Buffet is their biggest share holder. It is also my first foray into the US market since the gobal financial crisis period. The SG portfolio size has increased
32% this month due to the additional purchases. It also helps that the market rebounded in the last 2 weeks of October.
A short update on Sheng Siong, in my previous post they were not doing that well. Since then Sheng Siong Group has announced their third-quarter net profit which is 15.4 per cent higher to $12.2 million. Their stock price recovered to $0.670 per share after this announcement.
October's activities:
- 21 Oct 2014 - Added 2 lots of OUE Ltd
- 24 Oct 2014 - Added 1 lot of Sembcorp Industries
- 29 Oct 2014 - Added 1 lot of IBM
Dividend Announcements:
- Soilbuild (20 Nov 2014) - $61.84
- IBM (10 Dec 2014) - USD 11
- Aims Amp (23 Dec 2014) - $27.70
Holding
| Position | Market Value (SGD) | % of SG Portfolio |
|---|
| Sheng Siong | 15,000 | $10,050 | 35% |
| Sembcorp Ind | 1,000 | $4,870 | 17% |
| Starhub | 1000 | $4,130 | 14% |
| Soilbuild Biz REIT | 4000 | $3,120 | 11% |
| OUE Ltd | 2000 | $2,110 | 7% |
| OUE HT | 2000 | $1,820 | 6% |
| AimsAmp Cap REIT | 1000 | $1,490 | 5% |
| Ascendas HT | 2000 | $1,410 | 5% |
| Total | | $29,000 | 100% |
*As of 31st October 2014
Holding
| Position | Market Value (USD) | % of US Portfolio |
|---|
| IBM | 10 | $1,644 | 100% |
*As of 31st October 2014
