Portfolio Transactions Update (April 2015)

Updates for my dividend portfolio for April 2015

I believe my analysis is not comprehensive enough yet, looking to improve in the future. (I'm still doing my mini checklist for screening dividend stocks.

• Sold 3/4 of my Ascendas Hospitality trust holdings at 0.695 (at a loss)
• Reasons: 
• Reduce exposure to 1/4 (~5%)
• In view of economic slowdown
• Poor management
• AUD weak
• Future Fed interest rate hike
• Bought Sembcorp Industries at 4.620
• Reasons 
• Diversification from a REIT heavy portfolio
• Analysis from TA gave a rough entry target: 4.65
• General trend is up
• Debt/Asset seems low, they let go of municipal water assets in UK but it only contributes to a small % of its earnings
• Expansion in marine and utilities have not shown fruits yet though, expect the loans to be paid off over the next few quarters
• PTB ratio at 1.1, give a margin of safety
• Payout ratio is ~40% which I feel has opportunity for growth and sustainable dividends

That's all for now with my tiny bit of money.

Sale from Ascendas H Trust will be parked in my reserves to execute on future great opportunities while I save for the next execution.

On a side note, OCBC is releasing more info for the new bonus interest rate categories next Friday, I'm not optimistic but let's see what they got. Still 2.05% pa is much better than the usual bank rate anyway.