Recent actions on the market

I decided to sell the two stocks that I punted Cityneon and Sunningdale Tech upon confirmation of Brexit, in anticipation of a drop in share price after that. However, that did not materialise over the past 2 weeks. Will hold on to the cash for future investment.

As mentioned in the last post, I sold a third of my holdings in Best World. While I am confident of their business in the next few years, I took profit as the share price has risen much in a short period of time.

Lastly, I have taken a small stake in SIA Engineering after reading through what it went through over the past 2 years. I reckon that while earning in near term will be flattish, it will benefit from its venture with Boeing and Airbus in times to come.

Portfolio June 2016

With all the actions over the past half a year, this is my current portfolio. Hopefully, there will be less actions in the second half of the year.

The current dividend yield of my portfolio is 4.8%.

For Income (57.1%)

REIT (39.8%)

Parkway Life REIT

Starhill Global REIT

Capital Retail China Trust

CDL Hospitality Trust
Fraser Centrepoint Trust

Dividend Stocks (17.3%)

SGX

ST Engineering

Vicom

For Growth and Punting (39.3%)

Growth Stocks (31.2%)

Straco

Best World

Raffles Medical
Food Empire

Punt (8.1%)

Valuetronics
Sunningdale Tech
Cityneon

Based on the above, I was reminded that I am drawn to businesses that are linked to health, retail and service sectors. Exceptions are the dividend stocks in which my perception of the companies' ability to sustain its dividend seems to be more important. Of course, I have two stocks Valuetronics and Sunningdale tech in the manufacturing sector. Classified under punt as I have yet to spend too much time to understand their business even though both have positive reports and pay regular dividend.