$SPH(T39) looks relatively yummy at 5.5% yield and current valuation.
Same dividend yield as SPH Reit.
Going to Q at 3.05 to support this down and out old turtle stock.
Once again, time for Turtle Kopitiam chitchat session - So what happen to recent Turtle ACTIONS when everyone is shouting "Recession"?
Timeline:Started buying in batches since 5 Aug.Deployed 60% of cash as of 16 Aug.Overall PnL on recent BUYs turned Green today 20 Aug (nothing to shout about until the gains being realized.)Turtle shopping list?$SPH(T39.SI)$HongkongLand USD(H78.SI)$Keppel Corp(BN4.SI)$BRK.BTurtle emotionImagine everyone is telling you the worst is yet to come?Simi inverse yield and Simi trade war, US hoot China, China hoot US? Imagine HK protesters are burning police stations, tearing down HK international airport and the next thing they are going to do is to declare HK as independent? LOLImagine your positions have unrealized losses since day 1 you started buying? My lowest HKland purchase was at USD 5.24 when it plunges 5% intraday.Imagine each batch you bought is lower than your previous buy?Imagine you start to doubt your own buys as they are all RED?Turtle strategy to overcome short term emotion?Have a plan and stick to it.Continue to read news, absorb information and be logical on what's happening now and not what people think might happen in the future. Be convicted on your own decision and stick to them.
Buy in small batches as I am damn suay Turtle, cannot buy at lowest one la (tested and proven for past 13 years).TCSS with IN bros & sis to kill time while waiting for market to overcome short term emotion.Lastly pray to GUANYINMA every night before going to be (LOL)What did you guys did for past 3 weeks?
How you overcome fear and emotion? Share leh? Don't be CAT hor !!Loh Soh Turtle (aka Lao Wu Gui)
Boring Turtle's positions
Updated as of Mar 2019
Did not add any new buys since Jan 2019. Looking to dispose KepCorp and SPH by this year to raise more funds for physical property purchase.
Plannning to keep STC and FEO as longer term core holdings.
Intend to have at least 200k investment portfolio capital to at least be able to grow the portfolio back to 500k. 留得青山在，不怕没柴烧。
Average annual dividend yield around 3% to 4%.
You define yourself as investor or trader before you decide whether to hold, cut or add to your positions.
Don't waste too much money paying unnecessary brokerage fees.
Convicted to your picks if nothing fundamentally changes, everything else remains equal and with a lower stock price, Mr Market is giving us an opportunity.
If you cannot sleep at night, cut and run, nothing more important than our own health.
Super bearish but old Turtle like it.
Not 1 year low, Not 5 year low, its bloody nearly GFC low from chart perspective of course valuation would had been different between now and then.
Bloody Mgmt still don't want to conduct share buyback.
Dividend Payout: 75%
DPS: 13 cents
Remember every stock (except lemons) is attractive at a certain price. Loh Soh Turtle once again.
Turtle's calculative and contrarian view. IMHO, I don't see a huge downside from current level.
Will it raise tomorrow 1 day before XD (7 cents) on 6-Dec 2018?
Got 10000 shares at closing at 2.63 today (quite lucky that they didn't give me 1000-2000 shares, lol).
** Deleted my previous estimation as I put 3.67 (LOL) in error **