This is an update to my Singapore stock portfolio for Mid November 2012. For previous months, please see
I have been relatively busy with running the course and also exams last 2 months so I haven’t had the time to update the stock portfolio here. I just managed to get some time to do this, so here it is.
I took more profits from LippoMalls last month at about $0.48 as the yields are being compressed. Despite the negative comments on the recent acquisitions, I am still keeping a significant portion to get exposure to Indonesian economy. You can read my comments for the LippoMall acquisitions LippoMalls Goes On An Acquisition Spree In October 2012
I also initiated position in Golden Agri. CPO prices has take a huge beating recently and it is not certain when CPO prices will stop falling and start moving up. However, it does provide the opportunity to buy in some of plantation stocks as the stock prices have fallen drastically. Golden Agri is the 2nd largest palm oil company in the world and is one the few palm oil companies with a relatively young maturity profile and is also established enough to provide a dividend yield of approximately 3%. For some info on understanding palm oil stocks, read Palm Oil Plantation Stocks Tree Maturity Profiles.
As usual, I always start with a relatively small position to initiate. Depending on how CPO prices move, I may accumulate more. However, since palm oil is getting used in so many areas including cooking oil, snacks etc., CPO will most likely still trend upwards over the long run with inflation.
For more information, you may be interested in: