Yesterday, I increased my holdings in UOB KayHian, First Ship Lease (FSL) and K-Green Trust (KGT).
Besides the market showing some weakness, these are my other reasons for loading the 3 stocks.
UOB KayHian (Financials):
I have always wanted to have a "financials" stock in my portfolio. However, I am not rich enough to buy DBS, UOB and OCBC ( Should have bought during the 2008 financial crisis -__-" UrgHHH!)
UOB KayHian fits the bill because 1) the company has been paying regular, reasonable dividends over many years. 2) the company has UOB as support. 3) I can afford the stock :)
I think this stock still has quite a lot of upside potential. I loaded 2 more lots of UOB KayHian at $1.75
I am trying to diversify my REIT-heavy and blue-chip heavy portfolio.
You can check out their dividends history on the SGX website
I loaded 3 more lots of FSL at $0.45 because 1) the 10% yield it offers is still pretty attractive. 2) the DPU will probably increase in the future as the 2 arrested ships get leased out.
I loaded 2 more lots of KGT at $1.08 because 1) based on the projected DPU for 2011, the yield will be around 7%, which is reasonable for me. 2) KGT is in the business of energy-generating (Power stations), water treatment (Newater) and Green technologies. 3) the company has a strong parent in the form of Keppel Corp.
During the most severe economic crisis, Singaporeans still need energy from Power Stations to supply electricity to their homes. The Power Plant at Tuas (above) uses the most advance "Waste-to-Energy" techniques to generate electricity.
During the most severe economic crisis, Singaporeans still need to drink, shower and even flush the toilet bowl. The Newater Plant at Ulu Pandan (above) is the biggest and latest yet in Singapore.
The Singapore government will not shut down the power stations and Newater plant. Furthermore, Singapore is country that face the problem of water scarcity. Therefore, the government will most definitely do business with KGT in the long-term.
You can check out KGT's prospectus on the SGX website
So, that's my latest foray into the stock market in order to diversify and boost my dividends portfolio.
Please let me know your thoughts by commenting below.
Peace out :)