Here is my latest portfolio update:
Basically in the last 2 months, the only NEW addition is MIT.
I have however accumulate ST engineering, Sembcorp Industries, Lee Metals and Lippo Malls Reit.
I think I can still sleep well with these additions except Lippo Mall. I do think it is attractively valued, but I would like Lippomall to form a smaller part of my portfolio. I will readjust it when the price is right.
In fact, depending on the earning results, I might take some money off the table too.
I am heavily vested in Industrial Reit too. I am actually bullish on Industrial Reits. Ok, you might think I am bullshitting, but I like to buy when they are not at the peak of the cycle when everything look rosy. If you look at my previous analysis on MIT, I think Industrial property cycle is far from the peak, although I have no idea what is the bottom, and such investing style usually makes me swim deeper into the red.
I average down on Sembcorp and ST engineering. I like the diversity of their business when looking at them combined, you have SIngapore INc without banking
I also double Lee metals, granted the iron ore price is breaking new low quite frequently, I believed Q4 to turn in EPS of 1 cent. If my hypothesis is correct, then I think my base value of 4 cents EPS is a downcycle is safe. If profits fall more drastically or worse, Q4 become loss making, then I make a wrong call. I am expecting 1.5 cents to 2.5 cents dividends for its FY.
So, am I looking to add anything. I did look at Keppel When it went nearer to $8, but I think no need to see anything now la.
If anything, I will be selling some shares to locked in profits.
Will update more when the earning results are out, just super in a blogging mood. So 4 posts in a day! This must be my record!