Portfolio Transactions Update (Jan 2016)

Updates for my dividend portfolio for January 2016

I believe my analysis is still not comprehensive enough yet, looking to improve in the future. (I'm still doing my mini checklist for screening dividend stocks, now left with 25, then maybe a final filter)

• Bought OCBC at 7.80
• Reasons
• Panic from general economic outlook
• Blue Chip Dividend Yield is ~4.6%, midway to crisis levels, same as the PB ratio
  
• Banks are rather hard to value (man, the financial statements are crazy for someone with no accounting background).
• Rather strong and big bank we got in Singapore (I'm a customer with it and I like it more than DBS in general)
• Looking for 7.60 actually near a region of support zone but never managed to get :(
• OCBC showed reducing momentum in both weekly and daily charts, probably momentarily, as the trend is down with volume resistance overhead and increasing downwards volatility. The shaky daily candles, have temporarily turned into a weak doji paired with a daily volume stop around 7.68, a short pause and rebound, for me to add a small position while waiting for it to go down further.

OCBC FA

OCBC TA

• Sold Accordia Golf Trust at 0.485 (Loss)
• Reasons
• I admit that I bought it from two fellow bloggers' discussions about it, so my bad here.
• I don't quite like the lumpy seasonal earnings (not saying it is a bad stock, just not for me), as such it was removed from my current watchlist.
• Cash out to buy OCBC + a bit of portfolio spring cleaning for CNY
  
• Sold Ascendas H-Trust at 0.735 (Loss)
• Reasons
• Disclaimer: I totally forgot about the trust being acquired! :(
• Reduced position previously
• Another stock where I got an idea from a blogger. ^^"
• I am shying away from hospitality REITs/Business Trusts, I prefer more consistent earnings, so it was removed from my current watchlist
• As with AGT, cash out to buy OCBC + a bit of portfolio spring cleaning for CNY
  
•  Bought Singtel at 3.43
• Reasons
• Panic from general economic outlook
• Good business make sense, Singapore's biggest Telco (blue chip)
• 5.1% dividend yield (almost like a REIT for a blue chip hehehe)
• Dividend yield, PE ratio and PB ratio are all midway to crisis levels
  
• Strongest Telco with room for expansion and growth (that being said, I wonder how is the POS doing for M1)
• Singtel, during time of purchase, was approaching a second test of price support around 3.40 (touched 3.40 and rebounded) on the weekly chart with slowing momentum as seen on the weekly Fisher Transform. An average volume stop at 3.574 will be breached due to the strong downtrend, but may stall for awhile. Volatility has flattened with high volume churns, so I can add a position now, while waiting for it to go further down (if it happens but high chance to me).

Singtel FA

Singtel TA

That's all for now with my tiny bit of money, need to topup my warchest again :(


EDIT (09 Feb 16): I realised I mixed up my calculations for SGA (I calculated costs of sales) and Gross Margins (I calculated Operating Margins). So I changed the table accordingly.

EDIT (11 Feb 16): I changed the values to reflect Equity/Debt Ratios instead (using Total Liabilities/Total Equities) as I found out Morningstar Financial Leverage ratio is a Asset/Equity Ratio. My bad. ^^"