All except Parkson Retail have reported Q3 earnings.
Quite a bit of changes.
Divested Golden agri, YZJ. YZJ has yield an return of 30% of capital and Golden Agri flat. I wanted a purer dividend play portfolio and golden agri didn't fit. I am glad I sold earlier.
China Merchant Pacific Holdings
Parkson Asia Retail
All counters has a yield of at least 4%
Lee metals has 2 quarters of poor core earnings. It is fine with me. When I invested, I am ready for 2 cents dividends which I think is sustainable. 2014 has earnings boasted by AustVille, I believed, whole year dividends will match that of last year.
Venture has recover as expected, if trend continues, 50 cents dividends should be sustainable and also payout for FY 2014
APTT did very well after the tax settlement. I believed I overkilled in my earlier estimation of capex and loans utilized. I believe 8 cents dividends can be maintained till 2016.
As for Singapore Shipping and China Merchant Pacific Holdings, I bought for growth. Singapore Shipping will charter 2 new ships in 2014, and CMPH bought jiurui expressway. Details, please read valuebuddies. These two are my first copycat investment after doing my fact finding.
Possible actions for next 6 months.
I might sell 1 or 2 winners to hold cash to await more opportunities.
I am monitoring the following very closely
1) ST engineering
2) Low Keng Huat
Less closely, but in watchlist:
1) SIA engineering
2) Starhill Global Reit
3) Ascendas Industrial Reit