Rebalancing My Investment Portfolio

It’s yet another busy month in
October, both in work and investments. Last week was traveling and prior to
that was off-office hour stock scouring after the Bearish stock markets. Made
some buy and sell positions as follows.
“SELL”
Suntec Reit
Partial sale to reduce my biggest holdings (before the sale) and unlock
profits. This is to provide funds to buy other stocks during times of distress.
Nevertheless Suntec is still one of my substantial holdings.  
KSH Holdings
– Complete sale due to not so favorable outlook with declining earnings, soft
construction and property sector outlook. However balance sheet and cash
position is still strong with continual diversification of its business. The
sale is mainly to unlock small profits to take advantage of other better
opportunity stocks as deem by me.



“BUY”
Sembcorp Ind
– Stock price hit 52 weeks low and I picked up at S$4.78 at est PER of 11x with
a dividend yield of 3%. Decent I thought for a Temasek owned conglomerate. The
falling price is primarily due to
pessimism in marine business, as result of bleak
oil price outlook. Net profits diversification of 51% utilities and 39% marine
seems a better bet than it’s subsidiary Sembmarine who also suffered
substantial decline in price. Marine is not entirely doomed to failure with
strong backlog order / balance sheet and continual orders win. I also like it’s
FPSO penetration lately with OOG-Teekay Libra project. Brazil Petrobras had
indicated that it’s FPSO thirst is not going to cease in the short term.
OUE – Another
stock hitting 52 weeks trough and I get the bargain at S$2.05 at almost 50%
discount its net asset value. Price to Book is at 10 year low with potentials
to unlock more asset value after transferring to Trust. Read more from B’s blog
here. Thanks B.
Ezion / Nam Cheong / Swissco – Oil and Gas stocks share prices drop like a
falling knife. I caught three stocks which I reckon that are able to survive
the short term crisis.  Actually I should
use the word “nibble” (not big position). This is because if another
over-reaction happens in the mid-term causing the prices to drop, I will nibble
again. See my previous blog
here on why I added these 3 stocks
Anyway nibble is such a good word to
use. If prices fall after my purchase, I can say it is only a very small
position. If prices rise later, I can say my nimble is actually quite
substantial. Either way, I won! Haha… LOL.
CURRENT PORTFOLIO
1. AIMS AMP Cap
2. ARA
3. Asian Pay TV
4. CapitaRetail China Tr
5. Chip Eng Seng
6. CM Pacific
7. Coca Cola Amatil (ASX)
8. Comfort Delgro
9. Courts
10. Croesus Retail Trust
11. Ezion
12. Fraser Com Tr
13. KrisEnergy
14. Lippo MIRT
15. Maple Log Tr
16. Nam Cheong
17. OUE
18. Oveseas Education
19. Raffles Medical
20. Sembcorp Ind
21. SGX
22. Starhub
23. Super
24. Swissco
25. Vallianz
Disclaimer: This blog and its contents
contain the opinions and views of me. It is not a recommendation to purchase or
sell the stocks of any of the companies or investments herein discussed. If a
reader requires expert financial advice, a competent professional should be
consulted. I cannot guarantee the accuracy of the information contained herein
the blog and its contents. Other than being the shareholders of some of the
stocks discussed herein at the time of writing, I am not in any way related to
the company mentioned within the blog. I specifically disclaim any
responsibility for any liability, loss, or risk, professional or otherwise,
which is incurred as a consequence, directly or indirectly, of the use and
application of any contents of this blog.
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6 thoughts on “Rebalancing My Investment Portfolio

  1. Read somewhere. Can't remember where.

    Nibble is an "ego" word of saying buy just in case if the buy is not so correct. Ha Ha!

    Must learn.

    1. Hi Uncle CW,

      I thought I learn it from you! Haha…. LOL
      "Ginger is still more spicy when Old"

      You are always my "Pig in the office" – that story I will tell all my children……

      Cheers, Rolf

  2. Wah you got in at a pretty good price for Sembcorp and OUE. Im envious.

    Anyway, I'll probably add to these sooner as well if price continues to decline.

    1. Hi B,

      You are the master, I am just the follower! Over time the master's wisdom will outshine the follower. I will add more too if price drop. But need to be careful during earning season now.

      Rolf

    2. Hi Rolf

      No master lah… the master is up there on your first comment. Not so loud, he is meditating in the mountains everyday praying to unleash his power 😀

    3. Hahaha.. Yes yes yes…

      The real master with invincible "Yin Yang Kungfu" waiting to unleash his 47% inner strength powers!

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