Summary of September 2017 Transactions

There is no change to my stock portfolio this month. Although the stock market has retraced slightly this month, I still think most of the companies are still expensive to buy. A recently article published by The Fifth Person has enlightened me which is to avoid buying a stock at the wrong price. I remembered the saying goes “A good stock purchased at the wrong price can be a bad investment” thus we should always be patient to wait for the right price and not rush into a hasty investment.

While waiting for an opportunity to divest Soilbuild Business Space REIT, bad news pop up again. Another tenant has default on its rent ( Another Tenant Default for Soilbuild Business Space REIT ). This will unlikely to impact its upcoming quarter financial results as Soilbuild REIT has called on its insurance guarantee but Soilbuild REIT better find a new tenant soon else it may have an impact on its distributions in subsequent quarters.

There are a few stocks I am currently watching. They are Frasers Commercial Trust, SPH REIT, Starhill Global REIT and Capital Commercial Trust.

HP recently announced they will not be renewing their lease at Alexandra Technopark. This opens an opportunity to buy more into Frasers Commercial Trust should the price comes down.

As for SPH REIT, I like the stability of this retail REIT however, the sponsor SPH is doing badly right now and I am worried about its SPH cash running out. This will have somehow an impact on SPH REIT. The dividend yield is pretty non attractive at less than 6%.

Starhill Global REIT remains my favorite pick due to its high dividend yield among other retail REITs right now. As Starhill Global REIT is in my spouse’s stock portfolio, I shall not be adding it to my stock portfolio but if opportunity arises, I may add more of it to my spouse’s stock portfolio. My preferred entry price is S$0.73.

The last REIT I am looking at is Capital Commercial Trust. I came to know about this trust due to Golden Shoe Carpark. The manager is good at recycling capital assets. At current S$1.66, it looks expensive to buy into this REIT. A good entry price is S$1.45 to S$1.51 but as I have not done any further personal analysis, this is just my rough feel.

Summary of August 2017 Transactions

A summary of my August 2017 transactions came late as I went for a short holiday over the long weekends. In the month of August, I have sold off Lippo Malls Indonesia Retail Trust. (You can read more of my reasons here: Goodbye Lippo Malls Indonesia Retail Trust)

I have also received my company performance bonus in August. As I currently have no stock in mind to invest, I decided to park a portion of my bonus into the Singapore Savings Bond. (Singapore Savings Bond versus Savings Account versus Fixed Deposits)

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Summary of July 2017 Transactions

This month, I have divested StarHub and Keppel REIT from my stock portfolio. The above chart shows my current stock allocation. I am looking at divesting Soilbuild Business Space REIT from my stock portfolio as well but the current share price is not quite right yet and I need to do further research on its recent financial results as well prior to making a sell decision. Lippo Malls Trust was also on my strike off list but it seems that based on dividend yield, it is still yield lucrative based on current share price.

You can read more about my sale transactions this month below.

  1. Goodbye StarHub
  2. Goodbye Keppel REIT

The sale of Keppel REIT has caused my exposure to office REITs to be reduced to 2%. The 2% purely comes from Frasers Commercial Trust. After the sale of Keppel REIT, I will be on a lookout for another quality office REIT to add on to my stock portfolio.

There are no more Telecommunication stocks in my stock portfolio as M1 and StarHub share price starts to either plunge or go into a downtrend. I hope that is not due to the 4th Telco. It seems that SingTel is the sole survivor out of the three right now.