My stocks portfolio - Apr 2014

My portfolio which is overweighed in S-Reits has returned me 2.99% in the month of April 2014. We see a couple of S-Reits rebounding in that month. While the general market sentiment is negative with the expectation of a rising interest rate, some buyers are already loading up S-Reits slowly. I started loading S-Reits towards the end of last year. I admit they were not added at the lowest possible price. As I am taking a longer term view of my local portfolio, the shorter term price movements are not a major concern to me. My take is that our healthcare, retail and hotel sectors will continue to do well in the rising interest rate environment. I suggest staying away from the industrial sector though. I am seeing a lot of vacant industrial space in the north.

I did not make any transaction in the month of April 2014. Since January and February of this year, I have liquidated a portion of my Singapore portfolio into the US market. That is the reason why I trimmed the number of my local stocks by nearly a quarter during that period. Now I have about 10% of my overall portfolio allocation into the US market. I decided to do shorter and mid-term trades there. Overall, returns have been good so far as they have outperformed the STI and US index. But I want to make sure that those returns are consistent and sustainable in the longer term.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	FY
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%	20.38%
2011	-0.03%	-4.77%	2.07%	1.29%	-0.32%	-2.39	-0.33%	-8.34%	-6.53%	7.52%	-7.05%	0.52%	-17.85%
2012	9.41%	5.52%	2.62%	-0.22%	-3.13%	2.55%	2.84%	1.99%	4.27%	-0.34%	0.11%	2.75%	31.67%
2013	5.18%	2.33%	3.02%	1.95%	-2.98%	-3.45%	1.96%	-5.22%	4.12%	3.19%	-0.94%	0.73%	9.69%
2014	-2.44%	1.36%	2.58%	2.99%
Annualised Return = 9.68%

Stock	Mode	Unrealised P/L (SGD)	Stock	Mode	Unrealised P/L (SGD)
ARA	CASH	44.75%	RAFFLES MEDICAL	CASH	40.70%
CAPITAMALL TRUST	CASH	10.14%	RIVERSTONE	CASH	75.59%
CDL HOSPITALITY	CASH	8.91%	ROXY PACIFIC	CASH	71.81%
CHINA MILK *	CASH	-100.00%	SATS	CASH	6.82%
FIBRECHEM *	CASH	-100.00%	SIA ENGG	CASH	30.18%
FAR EAST HOSPITALITY	CASH	-10.30%	SILVERLAKE AXIS	CASH	61.77%
FIRST REIT	CASH	37.48%	STARHILL GLOBAL	CASH	-3.05%
FRASERS CENTREPOINT	CASH	7.84%	STARHUB	CASH	59.92%
FRASERS COMMERCIAL	CASH	-4.40%	ST ENGINEERING	CASH	0.36%
KEPPELCORP	CASH	199.40%	TECK WAH	CASH	34.14%
KINGSMEN CREATIVES	CASH	19.23%	VALUETRONICS	CASH	24.56%
MAPPLETREE GCC	CASH	-9.33%	CAPITAMALL TRUST	CPF	3.64%
MTQ	CASH	18.68%	PARKWAY LIFE	CPF	12.44%
OSIM	CASH	27.99%	SIA ENGG	CPF	0.88%
PARKWAY LIFE	CASH	32.49%