My Life – A Busy Start
It has been one of the busiest starts of the year, for a long time I can remember. Trust it will continue to be like that for the rest of the year.
A new member of the house is born few months ago. Joyful….while busy taming cries, changing diapers and making milk. Somehow the innocent smiles remind you that it’s all worth it.
Since the first week of the year, I also had a new employer. Not that I change job, but an acquisition took place. It is back to MNC again for me. With this change, I need to relocate my office to be with my new colleagues. So far it is a positive change for me, in terms of work scope, colleagues, and office environment. The only negative as it seems now, is less time.
Very often it is either things do not happen, or they take place all at once. Aside from the massive work backlog, business travels ramped up in past months.
After a near-death incident several years ago, my priority in life is always to stay healthy. My diet is very nutrition-driven, missing meals are rare, exercising regularly is a compulsory routine. But no matter how careful I am, the hectic lifestyle lately steal my health. The first few days of CNY were not exactly on cloud nine as I visited the Hospital. Luckily for me, it was merely some allergic to sinus medicines.
I have since recovered and participated in fruitful relatives gathering after the 1st two days of CNY. After CNY it was yet another week-long of business travel. That explains why I had been quiet in my blog.
My Portfolio – Updates of Buy & Sell
Due to the busy schedules, it has been a quiet start of the year for my stock activities. Maybe that is not a bad thing as I am accumulating more cash in the bank. No war chest, since I am not preparing to fight a war with the cash…haha..
Another reason is possibly last year, I wrote an article (refer here) reminding myself not to buy a stock prior to earnings season. Anyway, below are updates of my buy and sell actions since the start of the year.
China Aviation at S$0.71. For reasons, refer to blog here.
China Merchants Pacific at S$0.985. I increase my holdings for continuing optimism on the long term prospect of Chinese economy. For reasons, refer to my blog last year, here.
Swissco at S$0.52. I averaged down. My buy call was backed by service rigs and liftboats resilient in shallow waters over the long term. Unfortunately it continues to plunge. This one probable needs to suffer some pain in the next 1-2 years.
Sembcorp at S$4.17. Also averaged down. A long-term stock for me and like the utilities segment. Overall the gloomy outlook of oil and gas will depress margin of Semb Marine in the short run. Continue average down if prices slide again?
ARA at 1.66. Anticipated interest rate increase, and new MAS REIT regulations (refer here) to reduce manager’s fees is depressing ARA’s price. However ARA is still a wonderful business with a very strong man and backing behind – John Lim who is also backed by Straits Trading Company, one of the richest and oldest companies in Singapore. Refer to my blog here on John Lim.
Suntec at 1.97 – Took major profits after a bull run of this stock. It is also to re-balance my portfolio and decrease my holdings on Suntec, which was previously, one of my biggest holdings.
Vallianz at 0.061 – Sold off….keep some cash...Oil and Gas market is gloomy after the oil price plunge. I decided to divest at a loss and possibly come back again if pricing continues to tumble. Pain had already been felt within the industry down the supply chain. Is this just the beginning of the slide? Or time to rebound since oil prices are beginning to creep upwards?
I am currently holding 25 stocks. Due to the lack of time anticipated this year to monitor, I will slowly reduce this number if the right situation permits, going forward.
There you go, a busy 2-3 months had past like a gush of wind.