Thursday, December 22, 2016

Top/Worst performers in my portfolio for 2016

It's coming to the end of the year. In one week's time, we will be ushering in 2017.

So how did my income portfolio fare for 2016? I will officially be recording and tabulating the results on 31 December 2016, but it doesn't hurt to review the performance of my counters thus far. I'm not the type who monitors the prices of my holdings daily, so some of the top/worst performers were somewhat surprising.

I define returns as follow:

((Current Market Price + Dividends/Distributions received) - Purchase Price)/Purchase Price

I have included transaction costs in the above calculation as well

Worst Performers

1). In first place, the worst performer for the year goes to Sabana REIT, with a -35.44% return. I have nothing to say about this. Move along now, move along. Damn paiseh.

I've learned some valuable lessons from this, and it's my first "tuition fee" that I paid to mister market. Since my capital is small, I have lost only $280 for this. It's painful, but not catastrophic. I have since divested this counter.

2). Second place goes to Kimberly Clark Corporation. This counter shouldn't be here actually. I managed to catch it at its lowest due to newbie luck. As my strategy is to nibble in multiple tranches, transaction fees dragged it to the second worst performer, with a -7.63% return.

3). Third place goes to iFAST Corporation, with a -6.96% return. I purchased it when it fell to its IPO price. It still fell further. My investment thesis still stands so I'm not too worried about it.

4). In fourth place, we have VICOM, with a -6.73% return. Similar to iFAST, my investment thesis still stands. However, I purchased it at the wrong price. I will be detailing this mistake in a subsequent post.

5). Rank 5 goes to Starhill Global REIT, with a -3.91% return. After purchasing most of the REITs at their lows at the end of last year/start of this year, Starhill Global was the only REIT that has not moved proportionately as compared to the others. Hence, I got in at a slightly higher price, which explains the negative returns here. No worries here either.

Top Performers

5). In fifth place, we have Japan Foods Holding, with a 14.57% return. Newbie luck here again. I managed to catch it at its lowest. Compared to other restaurant counters, JFH is one of the strongest ones out there. Lean business model, good cash hoard, decent ROE, profit margin, synergy between its franchises, etc.

4). Fourth place goes to Parkway Life REIT, with a 14.63% return. Nothing to comment on here.

3). Third place goes to Dairy Farm, with a 18.99% return. Interestingly, I recall buying Dairy Farm when B of Forever Financial Freedom sold his entire stake in it.

2). Okay, second place is somewhat surprising. It goes to ST Engineering, with a 20.62% return. I know it's a quality counter in my portfolio, but I didn't expect it to do that well. Again, newbie luck here. Managed to purchase it at its lowest.

1). First prize goes to......................*cues music*.............Lippo Malls, with a 27.40% return. After purchasing this counter and after improving my fundamental analysis skills, I came to realize that I may have made a wrong purchase. There is quite a lot of stuff that I don't really know about this counter. I've spent many a times scratching my head as I try to make sense of the corporate actions that were undertaken. The information detailed is quite convoluted and I am unable to make sense of its ramification for unitholders.

And then, you have to look up "north" as well. Veteran bloggers shy away from this counter while newbie bloggers flock towards this counter.....hmmm, I foresee myself divesting this counter some time in the future.

Actually, the best performer goes to Saizen REIT, with a 44.28% return. However, since this is a one-off issue, I did not want to classify it as the top performer.


  1. Hi UN,

    I think your portfolio is doing well, well at least by my standards is quite decent muhahahahah

    I am looking at ifast too.

    1. Thanks SI. :)

      iFAST has a much better price now. When you pulling the trigger?

  2. Hi Unintelligent Nerd

    Congrats on your Dairy Farm as it makes your top 3!! Ouch on me for selling it too early hahaha.

    Lmirt is indeed a dark horse this year, never quite expected them to get stronger, i should hv known it better. Miss on this one :(

    1. Thanks B :D

      Even though Lippo Malls performed very well this year, I'm still quite cautious on that counter....

      Have to take into account its history as well.