| 2017 | 2016 | Variant | |
|---|---|---|---|
| Non-Strategic Unrealized Gain/Loss | +68.72% | +45.19% | +52.07% |
| Strategic Unrealized Gain/Loss | +21.29% | +11.63% | +83.06% |
| Portfolio Unrealized Gain/Loss | +57.69% | +37.84% | +52.46% |
| Realized Gain/Loss | +10.73% | +10.73% | +0.00% |
| Dividend Return | +51.79% | +46.61% | +11.11% |
| Cash Holding | +33.13% | +31.89% | +3.88% |
| Portfolio | +120.22% | +95.13% | +26.37% |
| STI | 3402.92 | 2880.76 | +18.13% |
| Annualized (w/o dividend) | Annualized (with dividend) | |
|---|---|---|
| Genting SP | +8.52% | +9.25% |
| First Reit | +8.62% | +12.77% |
| CapitaMall Trust | +7.78% | +12.51% |
| SIA | -1.59% | +2.31% |
| SingPost | +2.16% | +5.87% |
| Kep Corp | -0.18% | +0.16% |
| MapletreeInd Trust | +13.08% | +16.98% |
| Kep DC Reit | +14.85% | +18.51% |
| Frasers Cpt Trust | +35.61% | +49.76% |
Some key points for performance :-
1. Free cash increased 3.88% due to redemption of CapMallsAsia bond
2. Non-Strategic unrealized gain jumped 52.07% as compared with STI rise of 18.13%. As most of the gain for STI was contributed by the banking and property stocks in which I have none in my portfolio, the unrealized gain from my portfolio is rather amazing as compared to STI.
3. Strategic unrealized gain jumped 83.06% despite the cost of that rose from $0.0398/share to $0.2424/share. The increase in cost was mainly due to a mistake I made in July 2017 resulting in the cost rose from $0.0318./share to $0.2116/share and also participation of Mapletreelog Trust preferential offering of 1 for 10 @ $1.145 in September 2017 that caused the cost shot up to $0.2706/share.
4. Dividend for Non-Strategic section hit pass the 50% and was up 19.32% for the year. Dividend of portfolio also hit pass the 50% level.
5. First REIT hit the milestone or rather the ultimate objective in 2017 as its dividend return surpassed the 100% meaning I got back all the capital I have put in for the past 10 years. That is to say this makes First REIT becomes mathematically impossible to lose money already (refer here). Such a performance probably won't repeat again for the rest of the stocks in my portfolio.
6. Portfolio gain surpassed the 100% level for the first time since the portfolio was started in 2006 to end the year at 120.22% with 49.55% contributed by dividend.
7. Divestment of CapMallA3.8b220112, the CapMallsAsia bond, due to redemption resulting in a 20.94% gain or annualized 3.87% return for that investment.
In 2016 Review, I have mentioned the rebuilding of my portfolio as according to Sun Tzu Art of War (孙子兵法), let see the progress that I have made in 2017.
1. With the redemption of CapMallA3.8b220112, the Non-Strategic section is about 72% complete compared with 65% in 2016.
2. Strategic section is 18.34% done compared with 10.82% in 2016.
3. Dividend section is 100% done.
4. Cash holding is 66.25% done compared with 63.78% in 2016.
Though have made some progress in particular the Dividend section but still below my expectation for 2017. Look like I have to work harder in 2018.
In June 2017, I have added in the tracking of the Incubator Portfolio with 2 stocks in it, Nordic Group and Valuetronics. There was some milestone achievement for that portfolio.
1. In March 2017, I divested 48.39% stake at price $0.32 netting me a capital gain of 207.60% and that return is basically the full cost of what I have invested in Nordic Group in 2014. That is to say my holding of Nordic Group now is mathematically impossible to lose money status. (refer here and here)
2. Valuetronics was another mathematically impossible to lose money status as the cost at the moment is $0 (refer here).
The performance of the Incubator Portfolio in 2017 is :-
| 2017 | 2016 | Variant | |
|---|---|---|---|
| Unrealized Gain/Loss | +81.53% | -- | -- |
| Realized Gain/Loss | +32.29% | -- | -- |
| Dividend Return | +9.06% | -- | -- |
| Cash Holding | +83.41% | -- | -- |
| Portfolio | +122.89% | -- | -- |
| STI | 3402.92 | 2880.76 | +18.13% |
Looking ahead 2018, there are several objectives I want to achieve for the portfolio.
1. Looking for opportunity for partial divestment for Non-Strategic section to create a more balance portfolio which is now only 72% done.
2. Continue to acquire more shares for the Strategic section at $0 or minimum cost as at present it is only 18.34% done.
3. Reduce the cost of Strategic section as this contributes my additional 4.53% capital injection which I never intend to do.
