Summary of May 2019 Transactions

Besides the regular purchase of Singapore Savings Bonds, I have not bought nor sold any stocks this month. I did a recent analysis of Manulife US REIT after the results from my last screening for dividend stocks showed that Manulife US REIT has a dividend yield of 8.736%. I almost jumped into this stock. However, with the recent price run up, I computed the current dividend yield to be 6.63% based on the current share price of US$0.84 and this halted my decision.

I personally felt that there is not enough margin of safety to enter Manulife US REIT at the current price of US$0.84. My biggest concern is that Manulife US REIT is a pure US play, any hiccups or announcement in the US economy will hit Manulife US REIT hard. We all know any decision or announcement from Trump throws the stock market into turbulence. Frasers Commercial Trust seems to be a better play with similar dividend yield at 6.53%. Thus, I decided to keep Manulife US REIT in my watchlist. I probably may settle for SPH REIT given its stability even though the dividend yield is lower at less than 6%.

Dividends have came pouring in the last week of May. I have collected dividends from Parkway Life REIT, Frasers Commercial Trust, Kingsmen Creatives, CapitaMall Trust, Mapletree Commercial Trust which all goes into my war chest for my next purchase.

What shall I buy next?

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