I have been holding on to the cash that I had from the delisting of AusNetServices from Singapore Stock Exchange (SGX). After a quick screening through my stock portfolio, I decided to increase my holdings of Frasers Logistics and Industrial Trust from 8% to 11%. The share price of Frasers Logistics and Industrial Trust hovers at S$1.04 to S$1.05 and may possibly go lower due to the weakening Aussie dollar against Singapore dollar. At the point of writing, S$1.00 translates to A$0.99. Given the current share price of S$1.05 and estimated dividend of 7.22 cents for FY18, this translates to a dividend yield of 6.88% which I deem to be pretty attractive. Read More
There are a few changes to my stock portfolio for the month of June 2018, mainly AusNetServices, Frasers Logistics and Industrial Trust and Singapore Savings Bonds.
If you are a shareholder of AusNetServices, you should have received a notification that AusNetServices is delisting from Singapore Stock Exchange. AusNetServices will still be listed on the Australian Exchange. Two options have been offered to investors which is to either opt for the share sale facility or to transfer your SGX shares to the Australian Register. I have opt for the share sale facility. Read More
There has been major changes to my stock portfolio this month. I have added Frasers Logistics & Industrial Trust to my stock portfolio. You can read more of my personal analysis here ( My Personal Analysis of Frasers Logistics and Industrial Trust ). Frasers Logistics and Industrial Trust now makes up 7% of my stock portfolio.
To partially fund my purchase of Frasers Logistics and Industrial Trust, I have sold off Boustead at a loss of 11%. However, with the dividends I have collected over the years, I made a profit of 31.5%. Gone are the glory days of Boustead since it spinned off Boustead Projects into a separate listed stock on SGX. In recent years, it has also been impacted by the economy downturn in the marine oil and gas sector. Based on my purchase price of Boustead in all the way back in 2012, the current dividend yield is around 2.7%. Being a dividend investor, I choose to sell off Boustead and enter into a position with Frasers Logistics and Industrial Trust instead as it offers me a higher yield. Read More