Earlier in the first week of December, I bought a little bit more of ST Engineering. This increases my allocation from 10 percent to 12 percent for ST Engineering.
December was a month of dividends collection. I collected dividends from Mapletree Commercial Trust, ParkwayLife REIT, Far East Hospitality Trust, Cambridge Industrial Trust, OUE Hospitality Trust and AustNet Services.
On top of dividends, I have received my partial script dividends for Cambridge Industrial Trust. The reason for partial subscription of script dividends is because I have existing odd lots and we all know that the current minimum lot size is 100. With the addition, the quantity I hold for Cambridge Industrial Trust is no longer an odd number.
The global market looks uncertain at this moment. The Fed rate hike announcement on the 17th of December did not have much impact on the global markets. The reason for the quiet market can also be due to the holiday season and everyone was away from their buy and sell activities.
Going forward, I shall be building my war chest while waiting for a clearer outlook. I will nibble at a few of the counters in my watch list if prices are right but will avoid big transactions.