Summary of September 2016 Transactions

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This was a busy month for me at work and I have not bought or sold anything on the market. I have subscribed to Soilbuild REIT preferential offering (Soilbuild Launches Preferential Offering to fund Bukit Batok Connection Acquisition) and also applied for excess as well.

I have received my Soilbuild REIT shares and partially of the excess I applied for. Soilbuild REIT is now 4% of my stock portfolio in terms of value. With the proceeds from the preferential offering, Soilbuild REIT has completed the acquisition of Bukit Batok Connection. The stock price of Soilbuild Business REIT went up from S$0.685 to S$0.72. This is definitely a piece of good news for investors but we still need to observe if the REIT can hold the fort well. Read More

Why Fed Decides Not to Increase Interest Rate

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In the month of September 2016, the STI (Straits Times Index) was on a roller coaster ride. The chart below shows the STI trended down in the week of 12th to 15th September 2016 before resuming the uptrend.

I read in the news that the Fed will be holding the Federal Reserve Meeting on 21st September to decide on the interest rate hike. The speculation that Fed will raise interest rates has caused uncertainty in the stock market. Read More

Soilbuild Business Space REIT 45 Million Loan

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Following my previous post on news that Cambridge Industrial Trust has taken up a 100 million loan (Cambridge Industrial Trust 100 Million Loan), Soilbuild Business Space REIT has announced on 21st September 2016 that they have taken up a S$45 million loan. The loan comprises of S$40 million term loan and S$5 million revolving loan facility. The S$45 million loan was from Bank of East Asia (BEA).

As indicated previously in my post on Cambridge Industrial Trust, there should be two questions we need to ask ourselves. Read More