Passive Income Update: May 15

Interestingly, there appears to be some subconscious target that’s governing my actions with regards to my portfolio.

Although I have never spoken about it, I am trying to keep my portfolio value at around the $200k mark. It’s not totally illogical since if the value exceeds that mark, the market is likely to be doing well and it makes sense to sell at a high (like when I sold my Challenger holdings?) and when I am far away from $200k, it could be a good time to buy, like last month.

I have been eyeing Genting for quite some time and sort of missed the boat a few months back when it went below $1.00. After another quarter of unsatisfactory results, the opportunity represented itself again and I bought about 8 lots @$0.935.

Despite the capital injection, the stock value only increased by less than one grand. The market continued to tumble and some shares like Sembcorp, Dairy Farm and SGX bled badly. Even if we take into account the bumper dividends (a whopping $2.5k) received in May, the portfolio would still take a haircut of about $5k.

On a more cheery note, I got the full allocation of my FCL 3.65% bonds which comprises 21 lots. As written previously, this was my first bond purchase. So in time to come, I will be receiving slightly more than $2 a day in coupons. Simply can’t wait for the launch of SSBs to park our cash as we get closer to the $10k mark in dividends.

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Dividends received in May 15: $2562.20

Vicom: $730

ST Eng: $440

Kingsmen: $425

Semb Corp: $330

Wilmar: $220

First Reit: $164.80

Plife Reit: $128.40

Super Grp: $84

SGX: $40

Dividends received YTD: $3,689.40

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Details of my updated portfolio are shown below.

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Stocks (As at 15th June 2015)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $6.240 $24,960 $0.2250 $900.00
Kingsmen 17,000 $0.995 $16,915 $0.0400 $680.00
Spindex 24,000 $0.550 $13,200 $0.0220 $528.00
ST Engg 4,000 $3.270 $13,080 $0.1500 $600.00
Wilmar 4,000 $3.260 $13,040 $0.0750 $300.00
OCBC 1,200 $10.030 $12,036 $0.3600 $432.00
Boustead 9,000 $1.320 $11,880 $0.0700 $630.00
Semb Corp 3,000 $3.920 $11,760 $0.1600 $480.00
First Reit 8,000 $1.425 $11,400 $0.0752 $601.60
Dairy Farm 900 $11.530 $10,377 $0.3100 $279.00
PLife Reit 4,000 $2.300 $9,200 $0.1152 $460.80
SGX 1,000 $7.930 $7,930 $0.2800 $280.00
MTQ 10,000 $0.750 $7,500 $0.0440 $440.00
Genting 8,000 $0.915 $7,320 $0.0100 $80.00
LKH 10,000 $0.685 $6,850 $0.0300 $300.00
M1 2,000 $3.340 $6,680 $0.1890 $378.00
Super Grp 4,000 $1.110 $4,440 $0.0310 $124.00
Bou Proj 2,700 $0.905 $2,444 $0.0000 $0.00
Total $191,012 $7,493.40

Others (As at 15th June 2015)

Asset Valuation Est. Income
OCBC 360 Account A $20,000 $200
OCBC 360 Account B $60,000 $1,020
FCL 3.65% Bonds $21,084 $766.50
Total $101,084 $1,986.50

Total Valuation = $292,096

Total Est. Annual Income = $9,479.90

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    7 thoughts on “Passive Income Update: May 15

    1. Bp

      Mind sharing your justifications of buying genting?

      I have been eyeing it for some time. The latest results were very bad compare to previous previous year. Although they are still very profitable the price seems to be on a long term decline.

      Market has been bullish for some time but this sector is not performing likewise. If STI goes down by 10-20 percent I wonder what would be gentings be?

      1. My 15 HWW Post author

        Hi Bp,

        I prefer to buy when there’s pessimism, especially if I find it to be largely unfounded. =p

        Basically, profits have been down compared to a few years ago and it’s by and large a reduction in the high-rollers patronising the casinos. Would they come back? Furthermore, margins are also hit by the lower win percentages in recent quarters. I am a believer in the law of the averages.

        However, there’s no guarantee what is cheap can become cheaper.

    2. cw

      yeah, why genting? It’s a badly run company. In this days and age, you don’t even get free wifi in their hotel room at Sentosa.

      1. My 15 HWW Post author

        Hi cw,

        Besides the no free wi-fi part, can you further explain why it’s a badly run company?

    3. cw

      I remember got 1 period, when the stock price goes up. They suddenly want to issue Rights. If your don’t subscribe, your share basically diluted.

      Just look at how they manage the roller coaster ride that was shut down for 2 years. If it wasn’t for the casino, will they let an attraction be down for 2 years. You could probably built a new roller coaster within that time.

      I believe casino is so bad now , even my friend who did not go casino long time also got their membership card upgraded.

      Just some sign that things might not be rosy.

      Anyway, it’s a stock I will not touch.

    4. anon19

      hi, can i ask how you opened two ocbc 360 accounts to benefit from the bonus interests? i thought that their T&C mentioned only one 360 account can benefit from the bonus interests under the same account holder’s name?

      1. My 15 HWW Post author

        Hi anon19,

        There’s two accounts as one is under my name while the other is under my wife’s. Hope that answers your query. =)