Summary of August 2019 Transactions

Today is the last day of the month of August 2019. As usual, I am stock taking my stock portfolio. When the stock market fell this month, I tried to find an opportunity to make a purchase but unfortunately, I didn’t find anything that was attractive.

Frasers Commercial Trust continue to held steady at the price range of S$1.58 to S$1.64. Given the risk of Microsoft vacating its premises which I wrote about recently, this is pretty quite a risk to jump in at this price and moment even though its Distribution Per Unit (DPU) head steady at 2.40 cents. (Read more: Frasers Commercial Trust Maintain DPU of 2.40 Cents)

I was fortunate that most of my major holdings did well (SPH REIT, Mapletree Commercial Trust, Frasers Logistics and Industrial Trust, ST Engineering, Parkway Life REIT, CapitaMall Trust) and those that didn’t do well (Kingsmen Creatives, OUE Hospitality Trust) are minority among my stock holdings.

The hospitality sector is expected to remain weak this year and I would have sold off OUE Hospitality Trust if not given its quality assets and its recent announced merger with OUE Commercial Trust which may or may not renewed its life.

As for my wife’s stock portfolio, Starhill Global REIT credit rating was downgraded yesterday to ‘BBB’ given the lack of prospects and weakened rental income for the next few years.

Last but not least, I have continued to add on to my Singapore Savings Bonds since I have no alternative place to park my month allocated money for investment. This is despite the super lousy interest rate that it offers in the latest issue. (Read more: September 2019 Singapore Savings Bonds is 1.95%) The sum that I have is too little to buy any Endowment Plans and honestly, I dislike the lock in period for 3 years. (Read more: NTUC Capital Plus Versus Singapore Savings Bonds Versus SPH REIT )

I will unlock my war chest once I find an opportunity!