My portfolio starting July 2018.
This portfolio is intended for those who follow my postings n in response to those
who ask me about how i go about picking my stocks.
Stocks selected for the portfolio need to meet 4 criterias. These are:
1. value
2. growth
3. dividend
4. safety
This are the 5 stocks in my portfolio - Lippo Mall Tr., Excelpoint, Chasen, Singapore O&G and ISEC.
1 Value.
For value the price earning ratio is used as a measure. In the this portfolio
Excelpoint has a p/e of 6.8, Chasen has a p/e of 5.0, ISEC, a p/e of 19 and
Singapore O& G, a p/e of 18.8. The median p/e in the Singapore market is
around 20 X. ISEC and Singapore O& G have higher p/e as healthcare stocks
are able to command higher p/e, often above 30 X.
2. Growth
Reflects improving top n bottom line.
Excelpoint revenue grew from US$828.2 mil to US$1,146.3 mil, an improvement of 38.4% and profit improved from US$4.3 mil to US$8.1, an improvement of 85.9%, for financial year 2015 to 2017.
Chasen' s revenue grew from $106 mil to $127 mil, an improvement of 20.4%. Whereas profit jumped from $2.6 mil to $5.5 mil an improvement of 111.3%, for financial year 2017 vs 2018
ISEC revenue grew from $26.7 mil to 36.9 mil, an improvement of 38.5%. Profit jumped from $2.76 to $7.9 mil, an impressive improvement of 286.5%, for financial year 2015 vs 2017.
Singapore O& G revenue grew from $16.4 mil to $29.9 mil an improvement of 82.2%. Profit grew from $5.3 mil to $8.5 mil an improcement of 59.2% for financial year 2015 vs 2017
3. Dividends
Dividend used is based on the latest financial year. Future dividends declared may not necessarily be the same ... could be higher or lower. For the above portfolio i was looking at a dividend yield for the portfolio of not less than 5%.
Dividend for Lippo Mall Tr is 3.4 cts giving a yield of 10.79% based on price of 31.5 cts.. Excelpoint dividend is 4.5 cts giving a yield of 7.4% based on price of 61 cts. Chasen dividend is 0.3 cts. The yield is 4.41% based on price of 6.8cts. Singapore O&G dividend is 1.5 cts n the yield is 4.4% based on price of 34.5 cts. ISEC dividend is 1.2 cts and the yield is 4.14% based on price of 29 cts.
4. Safety
As most of the stocks are close to 52 weeks low, are under valued and show growth potential, the risks in investing in these stocks would be low. In fact 2 of the companies ie ISEC and Singapore O& G have excellent balance sheet. Both companies have no debts. ISEC has a cash horde $27mil and Singapore O& G $19.9 mil.
Above are not to be taken as a call to buy or sell. It is intended for sharing. In the stock market there is no perfect call. Sometime you got it right. Another time you may got it wrong. Your own analysis n conclusions are important.
Of the 5 companies posted, 4 have reported their 2Q results:
1. Excelpoint
2. Singapore O& G
3. ISEC
4. Lippo Mall
Excelpoint, Singapore O& G n ISEC have reported very good results w Sinagpore O& G and ISEC declaring a higher dividends. Lippo Mall meet expectation though the DPU is lower by 34% due to weaker currency n new tax. See below:
ISEC: Financial Statements and Related Announcement :: Second Quarter and/ or Half Yearly Results
Excelpoint: Financial Statements and Related Announcement :: Second Quarter and/ or Half Yearly Results
Singapore O& G: Financial Statements and Related Announcement :: Second Quarter and/ or Half Yearly Results
Lippo Malls Tr: Financial Statements and Related Announcement :: Second Quarter and/ or Half Yearly Results
Of the 5 companies in my portfolio, 4 have reported their results ...
ISEC, Singapore O& G, Excelpoint n Lippo Mall Trust. Except for
Lippo Mall Trust, all have reported improved revenue and profit.
ISEC and Singapore O& G have also declared higher interim dividends.
This is a good sign.
Of the 5 stocks Lippo Mall Trust has the highest dividend yield.
Its recent result was below last year due to higher tax n weaker
currency. I am looking at Lippo Mall in terms of 3 to 5 years as
its a good exposure to the biggest economy in Asean. It has
the highest number of middle income in Asean n its still growing.
Note that Indonesia is a growing economy n its going to take
years before its matured.
Lippo Mall is the biggest retail trust in Indonesia. Long term, it should
be good. In the meantime i am happy with the 8% yield while i wait.
Last edit: 5 years 10 months ago by josephyeo. Reason: correcting header
