Stock Portfolio Updates November 2020

Stock Portfolio Updates November 2020

Here is my stock portfolio updates for November 2020. Last month, I nibbled at CapitaLand Integrated Commercial Trust at S$1.74. This month, the share price of CapitaLand Integrated Commercial Trust shot up to peak at S$2.04 on 18th November before settling down at S$1.94 today.

US Manulife REIT

This month, I nibbled at something else which is US Manulife REIT at US$0.75 which is lower than its Net Asset Value (NAV) of US$0.7948. Based on my entry price at US$0.75 and FY2019 full year dividend payout of US 5.96 cents, this translates to a current dividend yield of 7.95%. With the addition, my percentage holding of US Manulife REIT increased from 2.32% to 2.78%.

3Q2020 has been a slow quarter for US Manulife REIT with no new leases signed. Portfolio occupancy dipped from 96.2% to 94.3% while portfolio subletting remained unchanged at 3.3%. The decline in occupancy was unrelated to COVID-19 but due to known expiries at Peachtree and Centrepointe. For me, US Manulife REIT is a pure dividend play.

Lion-OCBC Securities Hang Seng TECH ETF

I last wrote about Lion-OCBC Securities Hang Seng TECH ETF. Interestingly, this ETF is made up of the booming Chinese tech companies listed on the Hong Kong Stock Exchange. The index basically tracks the performance of these Chinese tech companies. If you have strong faith in Chinese tech companies and wanted to own tiny bits of them, then this ETF is the right one for you. An ETF makes such ownership affordable.

Credit Bureau Asia IPO

I read about Credit Bureau Asia IPO and how financial bloggers have classified this stock as a cash cow. Basically, Credit Bureau Asia is in the business of providing credit and risk information. At offer price of S$0.93, this is 30 times price to earnings. The offering will close at 12pm on the 1st December 2020, and the trading of Credit Bureau Asia shares will commence at 9.00 am on the 3rd December 2020. The dividend yield for FY2021 is estimated to be around 3% which is too low for my liking.

Summary

We are 1 month away to the new year. As many of us starts preparing for the Christmas and New Year celebrations, the stock market is expected to be quiet. Will there be a Santa Claus Rally?

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