|Name||Price||Dividend Per Share||Dividend Yield||EPS||PE||Earnings Yield||Industry|
|OCBC||10.48||0.36||3.4%||0.92||11.4||8.8%||Banking and Finance|
|ARA Asset Management||1.63||0.05||3.1%||0.10||15.7||6.3%||Property Management|
|Semb Corp Industries||4.23||0.16||3.8%||0.44||9.5||10.5%||Marine/Utilities|
|Portfolio Yield||Portfolio PE||STI ETF Yield||STI ETF PE|
As we head into the year of the goat, let me recap on individual stocks in my portfolio. You can click on any of the stock names which will be linked to my full year results review of the company.
Semb Corp Industries
As a whole I'm pretty happy with the results, as overall portfolio earnings and dividends grew slightly despite the challenging global business environment.2014 was generally a weak year as quite a number of companies reported earnings below estimates leading to some of the recent sell offs.
Although I'm diversified among different sectors, I'm still pretty heavy on marine stocks (kep corp & semb corp) which the two posted pretty decent FY14 results, a very strong performance as compared to small/mid cap marine counters that posted lower earnings and even losses.
I do think that new investors should avoid marine stocks as a whole as there are too many traps even with the depressed prices. If the adventurous investor should insist in trying to bargain hunt in the marine sector, I think it would be wiser to stick to the large caps with strong balance sheets and at least a proven track record from having recovered before in the last 2 down cycles (1997 AFC and 2007 GFC), so far kep corp and semb corp would be the 2 blue chips of my choice that passes this test.
After 7 years of general uptrend (2007-2014) many investors are starting to believe that a bear market is coming soon and have started to move their holdings towards cash. As a value investors I do believe that there are still plenty of good deals around and some blue chips/mid caps are selling at close to 2 years low (example SCI/STE/ARA which I hold)
Overall the STI is only trading at 14 times earnings, which is not a speculative level. However I would start to be cautious when the STI trades towards the 15-20 earnings range. Meanwhile, just stay vested, keep calm and slowly collect the dividends.
Wishing all my readers a prosperous year ahead and good health always.