This month, OUE Hospitality Trust has disappeared from my stock portfolio due to its merger with OUE Commercial Reit. After the merger, OUE Commercial Reit makes up 3% of my stock portfolio. I am not sure if there is anything to applaud with regards to the merger as I am not familiar with OUE Commercial Reit. For now, I am not doing anything until I find time to look into the assets of OUE Commercial Reit.
I know there is a hype about the IPO of LendLease Commercial Reit recently. The IPO ends today and I am giving it a miss after much consideration. There is only two assets in its portfolio which is 313 Somerset and Sky Complex. There is a possibility the manager will inject more properties into this Reit in the future such as Parkway Parade or Paya Lebar Quarters. For now, I am keeping watch on this Reit as the concentration is mostly on 313 Somerset.
I continued my monthly screening for dividend stocks using Stocks Café and did one personal analysis of Haw Par Corporation Limited. Haw Par did not qualify my criteria of a dividend stock as the dividend yield is too low. Hopefully I am able to find a good dividend yielding company over the next few months.
One good news I received is the proposed acquisition of Mapletree Business City Phase II by Mapletree Commercial Trust. There will be a boost of dividends if the acquisition manages to go through.
That is all the updates that I have!