Dividend Collected (July 2020)

Dividend Collected to Date

Dividend Collected in 2020

Dividend by Month (Last 5 Years)

Top Dividend Contribution (Last 12 Months)

Dividend Breakdown by Sector

*Does not include dividend from stocks which I am no longer holding

Dividend collected for the month of July 2020: $1.20K

• ISHARES USD ASIA BOND ETF
• ISHARES USD ASIA HY BOND ETF
• SHENG SIONG
• COLEX
• MAPLETREE IND TR

Dividend (YTD): $9.51K

Average Monthly Dividend (YTD): $1.36K

Total Dividend Collected to Date: $101.35K

This week, the focus was the results from the banks. There wasn't any surprise as net profit fell significantly due to allowances set aside for bad loans. Dividend was also capped at 60% as expected. The price of banks did not move much as a result. As the dividend capped will be expected for the next 12 months, I think the price will remain muted without any catalyst. So, there is no hurry to accumulate and I will wait for any pullback before adding.

One surprise this week was the announcement of a special dividend by Colex. Colex will be distributing 10 cents of dividend which is around 50% of the price before the announcement. The price jumped 50% following the announcement. Based on the latest financial report, Colex's NAV is 33 cents. So, essentially they are distributing aound 1/3 of their assets. As a shareholder receiving such a big lump sum of dividend feels good, but from a business perspective this may not be good news. This may mean Colex has less leverage for their subsequent tender, and also has no intention for acquisition in the near future. Therefore, I have closed my position for Colex. Sadly, Colex did not end up like 800 Super. Moving on to next...

Nasdaq and gold continue to make new highs, and I am in a dilemma whether to board the train or wait for a correction. Trump may start taking action against China-listed companies so perhaps it is time for Nasdaq to make a correction.

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