Sunday, April 23, 2017

Corporate Result -- Apr/May 2017

1.  SPH Reit  --  10th Apr 2017
2.  SPH  --  12th Apr 2017
3.  Soilbuild REIT  --  12th Apr 2017
4.  Kep DC Reit  --  17th Apr 2017
5.  Kep Infra Trust  --  17th Apr 2017
6.  M1  --  17th Apr 2017
7.  First Reit  --  17th Apr 2017
8.  Kep T&T  --  18th Apr 2017
9.  CapitaComm Trust  --  19th Apr 2017
10.  Kep Reit  --  19th Apr 2017
11.  Kep Corp  --  20th Apr 2017
12.  SGX  --  20th Apr 2017
13.  CapitaMall Trust  --  20th Apr 2017
14.  CapitaR China Trust  --  21st Apr 2017
15.  Ascott Reit  --  21st Apr 2017
16.  FrasersCom Trust  --  21st Apr 2017
17.  Mapletree Ind Trust  --  24th Apr 2017
18.  HPH Trust  --  24th Apr 2017
19.  MapletreeCom Trust  --  25th Apr 2017
20.  Ho Bee Land  --  25th Apr 2017
21.  Parkway Life  --  25th Apr 2017
22.  Cambridge Ind Trust  --  25th Apr 2017
23.  Frasers Cpt Trust  --  25th Apr 2017
24.  Ascendas Reit  --  25th Apr 2017
25.  MGCCT  --  26th Apr 2017
26.  CDL HTrust  --  26th Apr 2017
27.  Capitaland  --  26th Apr 2017
28.  A-iTrust  --  26th Apr 2017
29.  Suntec Reit  --  26th Apr 2017
30.  SembMar  --  27th Apr 2017
31.  Mapletreelog Trust  --  27th Apr 2017
32.  Starhill Global  --  27th Apr 2017
33.  AA Reit  --  27th Apr 2017
34.  UOB  --  28th Apr 2017
35.  Great Eastern  --  28th Apr 2017
36.  Frasers H-Trust  --  28th Apr 2017
37.  DBS  --  2nd May 2017
38.  Manulife US Reit  --  2nd May 2017
39.  Semb Corp  --  3rd May 2017
40.  Starhub  --  3rd May 2017
41.  LippoMalls Trust  --  4th May 2017
42.  OUE HTrust  --  4th May 2017
43.  Frasers L&T  --  5th May 2017
44.  OUE C-REIT  --  5th May 2017
45.  OCBC  --  9th May 2017
46.  Wilmar  --  11th May 2017
47.  Croesus Retail Trust  --  15th May 2017
48.  SIA Engg  --  12th May 2017
49.  Asian Pay TV  --  12th May 2017
50.  SIA  --  18th May 2017
51.  GLP  --  19th May 2017

Stock Incubator -- Nrodic Group, Strategic Objective Achieved

A following up to last month partial divestment of Nordic Group (refer here), with a total capital gain of 207.60%, this indicates that the initial capital I have vested in the stock is back to my pocket again.  As such, the remaining holding is therefore considered mathematically impossible to lose money.  That is risk-free (my definition of risk-free and not those government backed type of bond though).

Since 2015 when I adopted 孙子兵法 for my investment (single stock or portfolio of stocks), the aim is to make my investment 攻守自如 (凡战者,以正合,以奇胜).  One of the criteria or requirement to achieve that is to have investment getting into the state of mathematically impossible to lose money.  In another word, the remaining holding of Nordic Group I have still in hand can be considered as "free-hold" (as one of my friend suggested, like free-hold property).  Strategically, I have achieved that target for Nordic Group (in a space of 3 years since I started vested into Nordic Group in 2014) despite fundamentally, still yet to reach my target.

Nordic Group is not the first stock I have achieved mathematically impossible to lose money status (since 2006 when I started to construct the current investment portfolio).  The first to achieve that was First Reit (CPFIS) which I achieved in 2015 (refer here).  Ironically, it was First Reit (CPFIS) unintended achievement that gave me the idea of what I would like to have in my 孙子兵法 investment.  If things go smoothly, next quarter I will have First Reit (under investment portfolio) that will be the next to achieve that strategic objective.  The 2 (going 3) stocks that achieved the objective however all having different methods (tactics) in doing so and that the best part of 孙子兵法 as it is flexible and not purely textbook style.

Having achieving said strategic objective for Nordic Group nevertheless give me a big psychological advantage and as the usual saying, half the battle is won when you have that psychological advantage.  Should the stock price of Nordic Group continues to move up, I will be enjoying higher capital gain but should global stock markets (or even just stock price of Nordic Group) having a big crash (saying dropping 20% overnight), I'm not going to lose sleep over it either since I have basically nothing to lose from that investment.  Even the worst case that Nordic Group gone belly up due to some reason, my investment zerolised but I still don't lose a single cent from it (given that I already get back my initial capital and not to forget a 19.95% dividend return as of now since 2014).

I will be removing my cut-loss price for Nordic Group that I have set in 2014 as it is becoming meaningless to have a cut-loss price given that it is already mathematically impossible to lose money.

Next, for the initial capital that I have gotten back, I could either wait for weakness in Nordic Group price to fall to another bargain hunting level (providing the fundamental still remain intact) and buy back or I could hunt for another stock to be placed in my stock incubator portfolio.  The latter option is very attracting as given that with that same amount of capital I initially put in for Nordic Group, now I can own 2 stocks instead of just 1.