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- - Portfolio Transactions (October 2023)
 

Updates for my Portfolio for October 2023

I am still in the midst of renovating, wondering how to continue working with my contingency plans.

  • Buy Keppel DC REIT at 1.8
    • Reasons/Notes
      • I always wanted to add Keppel DC REIT but valuations was always expensive. The recent plunge in prices helped me to add a first tranche in.
      • Prices did fall to 1.68 but it wasn't low enough for me to add the second tranche.
      • Got it at about 1.29 PB (Range: 1.18 to 2.61) with a dividend yield of 5.67% (Range: 2.66% to 6.16%).
  • Buy Mapletree Industrial Trust at 2.13
    • Reasons/Notes
      • I finally decided to add some as I felt it was cheap enough, anchoring bias has always been hindering me, frankly.
      • P/B is at 1.15 (Range: 1.15 to 2.07) with a dividend yield of 7.54% (Range: 3.65% to 7.56%).
      • That being said, I wonder if I should have added Mapletree Log instead.
  • Buy Ping An at 40.85
    • Reasons/Notes
      • I was enticed by the valuations so I decided to add my final tranche
      • I was sick at that time and stress+FOMO got the best of me, so I shifted my order from 40.3 to 40.85
      • Country Garden wasn't on my mind when I made the order (which I should have to), and one hour before market closed, it defaulted on Dollar Bond for the first time, which sent Ping An down.
      • P/B is at 1.17 (range: 0.93 to 1.47, crisis: 0.74) with a dividend yield of 5.6% (range: 2.65% to 6.26%).
      • As of writing this, there was news about China asking Ping An to do National Service to take over Country Garden which sent the share price down even further.
  • Buy Plover Bay at 2.25
    • Reasons/Notes
      • This was an idea I saw floating around and some friends pointed it out to me.
      • It is networking company for mission critical applications. They are market leaders in their niche market (Software Defined WAN), but they are still small compared to companies like CISCO serving enterprise using other networking solutions. They are growing rather fast too.
      • This is a small position actually, not that confident considering my own record.
      • P/E is at 13.9 (Range: 5.4 to 27.4) with a dividend yield of 6.49% (Range: 1.39% to 7.61%).
That's all for my money for now.
 
That being said, I am still trying to grab Meituan, need to rebuild cash position after firing so many shots. Hope to see more opportunities soon.
 
I have place a small % of my net worth in crypto-assets.
 

Conclusion

My portfolio YTD is now 15.53%, with the long term XIRR at -5.90% (w/o Crypto is -1.09%). Hopefully, I can go back into the green.

 
 
 
 

 

 

My cash position is currently at about 9%. Will continue wait for my cash position to accumulate. Let's hope I can get my numbers back on track.

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