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Summary of October 2015 Transactions

Portfolio_201510_Oct

Last month, many stocks have fell in prices. After the Fed announced not to increase interest rates, the stock market started to stage a slow recovery in the following weeks. Singapore has also avoided a technical recession and the STI hover around the 3000 level.

Taking opportunity, I bought The Hour Glass, Mapletree Commercial Trust and Keppel Reit as at current levels, they are cheaper to buy.

I have also sold off Challenger Technologies according to plan with a profit of 64%.

I have received dividends from Frasers Commercial Trust and TVB (Interim dividend of HKD 0.60).

Possible Delisting of Lippo Malls Indonesia Retail Trust

LMIR Trust Logo

“Because of the government policy, we think that Indonesia has very good potential for Reits,” Lippo Group CEO James Riady told reporters on Wednesday

Lippo Group CEO announces on Wednesday, 28th October 2015 that the group plans to shift the two REITS from Singapore to Indonesia. By doing so, the business will benefit from tax breaks offered by Jakarta. You can read more about double taxation at Investment Moats.

This will mean the possible delisting of the two REITS in Singapore (First REIT and Lippo Malls Indonesia Retail Trust).

LMRT Management Ltd, the manager of LMIR Trust made an announcement on its website that it is not aware and not informed by LMIR Trust’s sponsor, PT Lippo Karawaci Tbk of the sponsor’s plan mentioned in the article published on The Business Times.

Related News

Lippo to shift Reits from Singapore to Indonesia: CEO  (The Business Times, 28th October 2015)

Possible delisting of Saizen REIT, First REIT and LMRT (AK71, A Singaporean Stocks Investor, 28th October 2015)

First REIT and Lippo Malls possibly moving to Indonesia? (Kyith Ng, Investment Moats, 29th October 2015)

 

Frasers Commerical Trust Achieves All Time High DPU of 9.71% for FY15

Frasers Commercial Trust Logo

Frasers Commercial Trust announces its 4Q FY2015 results on 23rd October 2015. A distribution per unit (DPU) of 2.52 cents was announced for 4Q FY2015.

Strong performance of Alexandra Techno park bolstered FY15 results. Net Property Income (NPI) for Alexandra Techno park was up 61.1% in FY15.  (more…)

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