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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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Goodbye Lippo Malls Indonesia Retail Trust

LMIR Trust Logo

After holding Lippo Malls Indonesia Retail Trust for almost 5 years, I have sold it off for a profit of 46.7%. This is inclusive of dividends collected over the years. Lippo Malls currently makes up only 2% of my entire stock portfolio.

Below are the reasons why I sold off Lippo Malls Indonesia Retail Trust

  1. As Lippo Malls Indonesia Retail Trust assets are primarily focus on malls in Indonesia, the volatility of the foreign exchange may impact the foreign loans and distributions per unit.
  2. As Lippo Malls Indonesia Retail Trust makes up a petite 2% of my stock portfolio, I am selling it off as part of restructuring or organizing my stock portfolio. Too many small fragments makes it hard to manage and I have to spent considerably time to review and read the performance each quarter.
  3. Lippo Malls Trust has land leases that is an average of 17 years. The land lease is considerably short and it is uncertain whether they can renew the lease each time.

Having said the above, I am not hinting Lippo Malls Indonesia Retail Trust is a bad REIT as it currently pays a distribution of around 8.19%.

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.

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