CityFarmer Portfolio

[CityFarmer]

There are overwhelming responses, after cyclone initiated the portfolio thread.

I decided to join the crowd, but mine with a slightly different approach. Let's start with a brief background.

I has always wanted to start a family office, to manage our family assets. With a new baby borne, that make a good time to start. I have kept track of all official doc for our investment (both mine and wife's), and using NAV method for tracking, with monthly closing. It is pretty convenience with monthly statements from CDP and broker houses. The starting date is 1 Oct 2012. Half-yearly report has been provided to "shareholders". The "fund" is taken as my 2nd child and should be a lifelong supportive sibling of my baby.

I will only disclose the top-5 stocks in my portfolio, in descending order of vested capital.

- YZJ
- M1
- ShengSong
- CM Pacific
- Penguin

In the last report, dated Jun 2014, the result was as follow, with STI benchmark with estimated dividend yield of 3.5% pa in ()

3 month 8.1% (3.0%)
6 month 15.5% (4.5%)
1 year 26.3% (6.8%)
since inception 49.3% (12.9%)

We have been pretty lucky for the past 2 years.

Thanks

[Dividend Warrior]

Hi CityFarmer. Thanks for sharing your portfolio.

I do like the idea of setting up a family office. In fact, I have been managing my parents' portfolios since last year.

[CityFarmer]

Hi CityFarmer. Thanks for sharing your portfolio.

I do like the idea of setting up a family office. In fact, I have been managing my parents' portfolios since last year.

Welcome.

For the convenience and fairness of money inflow and outflow, NAV methodology seems a must to manage OPM i.e. family members' money.

Will you go for it in your blog?

[valuebuddies]

Wow Mr. Moderator, S-chips weights much

[pianist]

how many counters in your entire portfolio may i ask

[CityFarmer]

how many counters in your entire portfolio may i ask

About 10 in my entire portfolio at the moment

[Musicwhiz]

Cityfarmer,

Thanks for sharing your portfolio, and congrats on the good performance!

May I check with you on the rationale for YZJ and Sheng Siong? My feel is ship-building is cyclical and unless you know the cycle intimately, it can be pretty risky. As for Sheng Siong, my feel is that expansion in Singapore may be limited and costs are rising, and venturing into China is tough as there are many other (incumbent) retailers there already.

Appreciate your thoughts....

[CityFarmer]

Cityfarmer,

Thanks for sharing your portfolio, and congrats on the good performance!

May I check with you on the rationale for YZJ and Sheng Siong? My feel is ship-building is cyclical and unless you know the cycle intimately, it can be pretty risky. As for Sheng Siong, my feel is that expansion in Singapore may be limited and costs are rising, and venturing into China is tough as there are many other (incumbent) retailers there already.

Appreciate your thoughts....

MW,

Thanks. I guess your performance is as good, if not better. Most of the stocks in your previous portfolio, are performing well in 2014, right?

For the topic for SS's growth, I refer to a previous post, and we can further our discussion from there, if necessary.

http://www.valuebuddies.com/thread-1240-...l#pid87031

For the topic of YZJ. I am a fan of Peter Lynch. One unique of Peter Lynch's style, is not restricted to only growth stock. Value investing is also applicable for cyclical stock e.g. YZJ. In short, if we can find a value cyclical stock, amid the low in the cycle, it is not a bad idea after-all, IMO. We can continue our further discussion in YZJ thread.

[Musicwhiz]

Hi Cityfarmer,

Thanks for the information. I will trawl through the Sheng Siong thread (around 12 pages from the point you linked me), and also read through their financials. There's a fair bit of discussion on the Company which is good, although I generally feel there is excessive focus on the "Target Price" from analysts. Analysis of a Company should be done by focusing more on the facts which analysts provide, rather than the target prices they purportedly state. Note that most of their assumptions are skewed towards the upside, rather than having a discussion on protecting against the downside, which is what investing should really be about.

I will also take a glance at YZJ soon, and provide my comments from there.

As for my portfolio, it has under-performed the index for 2014 YTD. This does not concern me particularly, though, as I feel the businesses are growing at a decent clip and the numbers are within expectations. For me, I focus more on the cash flows from my companies; and less on the profit and loss statement.

[pianist]

2014 was a challenging year for most retail stock investors, the index hardly moved and we had a number of major events globally - QE drying up fear, russia and terrorist tensions, and recently the oil price fear