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Just my thoughts. No offence to anyone.
I have recently sold nearly half of my portfolio due to some trends that i have been seeing and hearing. I realized that there are more and more people are suddenly buying stocks and profiting from pennies. On top of that the recent chart for most of the stocks don't look good. I have a feeling a correction might be soon but no one can tell for sure. After all last year there was a crash already so i may be wrong.
So why do i only sold half and not all since i believe there will be a crash? Well cause only those half were in the green. While the other half were in the red. I do not really care about paper gain/loss. However i know one thing for sure is that once you sell a counter at paper loss, you loss. Some are in the green but i keep them as i believe they will CXG soon in the next few days.
I know blue chip can be keep for dividend but i believed that some blue chip can also go down and never recover. One example would be $Creative(C76). Thus the only stock remaining in my portfolio are $ComfortDelGro(C52) $CapitaMall Trust(C38U) $UOB(U11) $StarHub(CC3) $ThaiBev(Y92) $MM2 Asia(1B0).
What are your thought? Is the bull gonna chiong or is the bear coming back.
23 March Update - Entry $Chip Eng Seng(C29) at 0.74 to 11% portfolio. been to the Grandeur park launch, and like what im seeing from the management. Altho' they could have serve more food & drinks then.
changed entry to $SingTel(Z74) to low 3.8x. so much uncertainties in telcos at the moment.
Cash 72% / 28% Nest
Already holding 15,000 CDG $ComfortDelGro(C52)
Which is around 12% of my portfolio
I thinking of adding 5,000 more at 2.5 or 2.4 level
20,000 cdg will be around 16% top position, is this too much?
Reasons i like cdg
- 10 year track record of increasing earnings and dividends
- pe 16 is reasonable and low compared to other growth stocks like sats/thaibev/sgx blue chips that trade at 20-25 times earnings
- dividend yield 4%+
- ROE above 12%
- net cash biz
- uber/grab threat to taxi biz which is 30% of cdg earnings
- currency risk to UK and Aussie bus/cab biz
What are your views?