March 2011 Portfolio Update

Having liquidated my lone S chip- Dapai International with reasons here, my Long Term holdings now consist of only 5 stocks:

Stock Bought	Buy Price
MIT	$0.930
Sabana	$1.050
First REIT	$0.700
ST Engineering
Poh Tiong Choon Log	0.48

Comments:

MIT: At my buy price, 93c at IPO, gives close to an 8% yield + 12% capital gain at closing price of $1.05. Not divesting because: Reasonably high yield at my price and peace of mind from a strong parent. Even as CIT, First, Sabana and AIMSAMPIREIT give almost 10% yield at their price, I'm willing to accept a lower yield for MIT's "blue chip-ness", so to speak.

Sabana: 8.22% yield this year and 8.5% projected yield at my price, $1.05. 11% capital loss currently. At current prices, Sabana gives a 9.5% yield- highly attractive yet commensurately high with erstwhile troubled AIMSAMPIREIT and CIT. Not divesting, as I only have 1 lot, so will just chuck this into the freezer. Seeing heavy selling by BB's recently, having touched an all time low of 92c last week. AK71 of ASSI has a summary of Sabana here.

My first freezer stock.....  :(

First REIT: Saw heavy selling during the Japanese crisis, has recovered somewhat but not to the fervour of January 2011 yet where it touched a high of 77c due to a highly favourable OCBC research report. Gives me a projected 9.5% yield at my buy price and also 5.5% capital gain YTD. Received a small dividend in Jan 2011.

Poh Tiong Choon Logistics: I bought this for pretty dumb reasons here and I probably suffer from confirmation bias now. Looking back, it was a POOR decision to buy at that point. Why? Look at the technicals at the time I bought. Way above the value zone. I was very "gian gian" to enter. Luckily for me, I didn't suffer too heavy a paper loss.

As for the fundamentals: PTC showed a pretty good 2H 2010 profit turnaround. Insiders are still buying and buying and providing a support at 43cents. I usually see 100 lots buy queue at 43cents everyday. 2cents dividend coming next month.

ST Engineering: A very blue blue chip, owned by our government. No need to say anything. 11.55cents coming in May. Nice capital appreciation for me too :)

May looks to be a good month: $400 coming from the government due to budget 2011, 11.55c a lot from ST engg, Sabana distribution, maybe First and MIT too.