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Summary of October 2016 Transactions

portfolio_201610_october

If you have been following my blog posts, you will know that I have made 3 sell transactions this month. I have sold off Sheng Siong, Cambridge Industrial Trust and MobileOne Limited (M1). My investment thoughts have slightly change a bit this month and I shall share with you why this is so.

Previously, I have been accumulating stocks which means I have always been buying but not selling. Most of the stocks that I have accumulate are either REITS or business trust because that is where the accretive dividend yield is. One of the thing I missed out doing is housekeeping. When more and more stocks get added to my stock portfolio, I find it hard to manage. Certain stocks in my portfolio has under performed but I am not aware. Thus, this month, I decided to do some housekeeping and also reduce the number of stocks in my portfolio. The ideal number of stocks is around 20. (more…)

Goodbye Sheng Siong

Sheng Siong Logo

I sold Sheng Siong today. No, there is no bad news about Sheng Siong. I sold it for other reasons which I shall detail it later below. Profit gain was about 68% excluding the dividends collected over the years.

Sheng Siong is an excellent growth stock. Look at how much the stock price has grown over the years.

sheng-siong-share-price-21-oct-2016

 

Let me go into the reasons why I sold Sheng Siong

1. Contented with Profit Gains

Well, you can never predict the highest price to sell. Basically, I am contended with the profits gained and thus I decided to sell off the stock. This is to prevent loss of opportunity cost in the event stock prices start to fall. When I meant by opportunity cost, it means I can take the cash from the sale and invest in other company for further growth. (more…)

Sheng Siong Reduce Manpower Woes with Self Payment Kiosk

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Sheng Siong is one of my favorite company in my stock portfolio. It is such a fantastic growth company with zero debt. See how the stock continues the uptrend over the 5 year period. For Sheng Siong who is expanding aggressively by opening more and more stores in Singapore, hiring manpower for new stores is a continued challenge due to the current labour crunch in the market. This is also a common challenge among Jumbo and Breadtalk businesses where the nature of the business in the service industry is labour intensive.

heng-siong-stock-chart-18-oct-2016

(more…)

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