My stocks portfolio - Apr 2011

From now onwards, I decided to stop posting my overall portfolio performance in terms of accounting profits and losses. Even though I still keep track of my cost of capital and dividends collected so far separately, personally I just don’t find it meaningful to measure my portfolio performance in accounting terms [ie (portfolio market value + realized gains) / portfolio cost)]. I will just stick to updating my portfolio performance on a month-to-month basis. The month-to-month performance can then be translated to an annualized return so that I can have a feel of how my investment is doing over a few years as compared to market returns.

My holding period return was 1.26% for the month of April 2011. Since the beginning of year 2010, my overall holding period returns translate to 13.54% in annualized return.

There were 4 transactions in the month of April 2011.
Sold Keppel Land, gain at +243.6% (after dividends re-investment)
Sold K-Green Trust, gain at NA (free shares from Keppel Corp)
Sold Cityspring, gain at +17.6% (include dividends)
Sold Fortune Reit, gain at +46.8% (include dividends)

I decided to liquidate some of my smaller holdings in an attempt to consolidate into buying a single stock in the future. They made up less than 5% of the latest market value of my portfolio. As for Fortune Reit, I decided to dispose mainly because of the HKD exposure that I am facing with. Exactly one year ago, I could have dispose Fortune Reit with the same gain despite them trading at a discount of 10% back then compared to the current price. My one year gain has been completely wiped out by the depreciating USD currency! It shows how important currency movements can affect one’s portfolio. And I cannot understand why many Singaporeans have fallen the same trap into buying HPH. With inflation still a major concern, I believe SGD is set to appreciate further.

I did not receive any dividends in the month of April 2011.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2010	-1.75%	1.36%	2.98%	4.36%	-7.12%	4.40%	4.49%	-1.38%	6.76%	3.09%	-1.61%	3.93%
2011	-0.03%	-4.77%	2.07%	1.26%
Annualized Return = 13.54%

Stock	Mode	Unrealised P/L (SGD)	Stock	Mode	Unrealised P/L (SGD)
ARA	CASH	117.28%	NOBLE GROUP	CASH	40.96%
ARMSTRONG	CASH	228.00%	NEPTUNE ORIENT LINES	CASH	42.75%
ASIATRAVEL	CASH	-13.79%	PLIFE REIT	CASH	121.51%
CAPITACOMM	CASH	63.08%	PTERIS	CASH	-20.09%
CAPITALAND	CASH	36.60%	RAFFLES EDUCATION	CASH	-72.93%
CAPITAMALLS ASIA	CASH	-16.51%	RIVERSTONE	CASH	-17.87%
CHINA MILK *	CASH	-100.00%	ROTARY ENGRG	CASH	-7.55%
COURAGE MAR	CASH	-26.59%	SABANA REIT	CASH	-10.17%
CSE GLOBAL	CASH	198.20%	SATS	CASH	52.84%
FIBRECHEM *	CASH	-100.00%	SGX	CASH	22.49%
FRASERSCT	CASH	37.55%	ST ENGG	CASH	38.28%
GENTING SP	CASH	206.06%	STARHUB	CASH	33.61%
GMG	CASH	-3.45%	STX OSV	CASH	-6.90%
HEALTHWAY	CASH	11.11%	TAI SIN	CASH	-35.33%
HG METAL	CASH	-29.94%	TECK WAH	CASH	12.58%
HOCK LIAN SENG	CASH	0.67%	TIONG SENG	CASH	0.00%
JAYA HLDG	CASH	-56.70%	UOB-KAY HIAN	CASH	0.32%
KEPPELCORP	CASH	238.36%	VICOM	CASH	73.50%
LEE METAL	CASH	15.57%	BH GLOBAL	CPF	-41.03%
MACQ INT INFRA	CASH	-37.57%	COSCOCORP	CPF	-24.44%
MAPLETREE IND	CASH	15.88%	SIAENGG	CPF	-12.17%
MUN SIONG	CASH	1.69%