The email address in "Contact AK: Ads and more" above will vanish from November 2018.

FAKE ASSI AK71 IN HWZ.

Featured blog.

This guy has 800K in his CPF. (AK responds to HWZ Forum.)

A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

4th free "e-book".

Pageviews since Dec'09

Recent Comments

ASSI's Guest bloggers

Largest investments updated (4Q 2019).

Friday, October 11, 2019

From my last couple of blogs, readers would be able to get an idea of what might have changed in my portfolio.


Since the last blog, however, I have made another significant investment or, more accurately, reinvestment.

What am I talking about?


Clue:








Some readers might remember that I reduced my investment in Wilmar significantly in 3Q 2019 in the month of July, booking a pretty decent capital gain in the process.

Wilmar lost its position as one of my largest investments in 3Q 2019 as a result of that move.


I explained that the move was based on technical analysis (TA) and not because I thought Wilmar was no longer a fundamentally good investment.

That meant I would be building up my investment in Wilmar again when the time is right.









I still like Wilmar as an investment today and if you are curious as to the reasons, you might want to read the following:

1. 3Q 2018 passive income: Wilmar.

2. Accumulating Wilmar...

My investment thesis remains, more or less, unchanged.

Wilmar is an amazing business that has gone unappreciated for a long time.

With the IPO of its Chinese subsidiary in the works, Mr. Market is beginning to appreciate the value that is locked within Wilmar.


Since reducing my investment significantly in July, I have been waiting to increase my investment in Wilmar again. 

Although I wondered if we could see $3.10 or even $3.00 a share again, using TA, I decided that buying at $3.60 a share or lower might be a good idea.








This is because even though Wilmar's share price has retreated, the 200 days moving average (200dMA) in its chart is still rising.


The 200dMA is a long term moving average and as it is rising, it should provide a stronger support.

The rising 200dMA is at $3.54, approximately.


Of course, TA simply shows us where supports could be found.






TA cannot tell us if the supports would be tested or not.

So, what to do?

Start buying at $3.60 a share, maybe.


TA also cannot tell us if the supports would hold or not.

So, what to do?

Make sure we don't throw in everything including the kitchen sink.


Anyway, informed by some simple TA, making use of Mr. Market's current depression, I significantly increased my investment in Wilmar so that it is again one of my largest investments.

So, together with Wilmar, what are my largest investments now?







$500,000 or more:
*CPF.

If you are laughing, I hope it is for the right reason.

Read:
Largest investments updated (3Q 2019).

From $350,000 to $499,999:
*AIMS APAC REIT.
(formerly
AIMS AMP Cap. Ind. REIT)

Nothing has changed here.

Yes, AK is so boring.





From $200,000 to $349,999:
*ComfortDelgro.
*Centurion Corporation Ltd.
*Accordia Golf Trust.
*Development Bank of Singapore.
*OCBC Bank.
*IREIT Global.

So, from having only two members, this group's membership has tripled in size, now boasting six members.

Increasing my investments in Accordia Golf Trust, DBS and OCBC meaningfully moved them up from the lower bracket.

The fourth new member, IREIT Global, made the biggest jump as it makes its first appearance in this list by skipping the lower bracket altogether.


Read related posts at the end of this blog if all these sound new to you.








From $100,000 to $199,000:
*Ascendas H-Trust.
*Wilmar International.

Wilmar returns as one of my largest investments by joining the lowest bracket in the list.

If Mr. Market continues to feel depressed about Wilmar, I would probably be buying more.



Now, remember, when we invest, we have to take into consideration our circumstances and not "suka suka" ride on other's coattails.












What?

Cannot find AK's coattails?


That is because AK doesn't wear a coat lah.

La la la la... lah. ;p






On a serious note, remember to "eat bread with ink slowly."

Don't know how?

Read:
How to have peace of mind as an investor?

Yes, peace of mind is priceless.






Related posts:
1. 3Q 2019 passive income: Numbers.
2. 3Q 2019 passive income: IREIT.

16 comments:

Bananamint said...

Hi AK, do you have a website you use to perform TA? Or is it a software you have purchased?

thank you!!

AK71 said...

Hi Bananamint,

I use the free charting software that my broker provides with the online trading platform.

Purchase a charting software?

Spend money?

Eeeeks! Noooooo... :p

Invest Sg said...

Hi AK, thanks for the your investment portfolio updates.. was hoping you will publish but pai-seh to ask la :)

AK71 said...

Hi Invest Sg,

Since I was going to blog about recently increasing my investment in Wilmar, I thought might as well do this. ;)

Glad you like it. :)

Unknown said...

Hi AK,

What about APPT? you sold off everything?

AK71 said...

Hi Unknown,

You will find the answer in this blog:
Sell into the rally and stay invested.

konmmo said...

Thanks for the update AK.

It was also probably good for you to take a break from your gaming!

AK71 said...

Hi konmmo,

Your name suggests that you are into MMOs too.

Gambatte! ;p

nch said...

hi AK, hope you are doing well. Can you talk to yourself when you have the time about the book-building exercise by AIMS Financial Group, it was priced at the low end of the range @ 1.35. This caused a drop in the px today when the trading halt was lifted.

Thanks.

AK71 said...

Hi nch,

Well, for those who don't know, see: HERE.

This is just the sponsor selling some of their holdings to some investors @ S$1.35 a unit.

Therefore, it is a non-dilutive placement.

AA REIT closed 11 cents lower or 7.4% lower at $1.37 a unit probably as a knee jerk reaction today.

More savvy investors who have been waiting to get in would probably look at this as a buying opportunity.

If I didn't already have such a significant investment in the REIT, I would probably buy some too.

Invest Sg said...

Hi AK,

Thanks for the info. Happy to have added a bit more at the same price paid by the high quality institutional, sovereign wealth, family office and high net worth investors across Asia Pacific and Europe ;)

cheers!

AK71 said...

Hi Invest Sg,

Although the unit price is not cheap cheap, we are rubbing shoulders with some savvy investors here. ;)

keng said...

Hi AK,

Somewhat surprised that you are replying to comments after quite a number of days :)

Thanks for clarifying on the secondary placement for AA REIT. I've added a little as well.

AK71 said...

Hi keng,

I like to keep people guessing sometimes.

Bad AK! Bad AK!

Well, I even surprise myself sometimes. ;p

keng said...

How about surprising all by holding AK & Friends 2019? :D

AK71 said...

Hi keng,

That would be too much of a surprise.

Shocking even.

I have a weak heart. ;p

Monthly Popular Blog Posts

 
 
Bloggy Award