Mapletree Commercial Trust DPU Rises 2.5% to 2.02 cents 2QFY15

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Mapletree Commercial Trust announces its results for 2QFY15 on 21st October 2015. The Distribution per Unit (“DPU”) for 2Q FY15/16 went up 2.5% to 2.02 cents and Net Property Income (“NPI”) for 2Q FY15/16 grew 5.1%.

VivoCity tenant sales for 2Q FY15/16 went up 5.5% to more than S$225 million for the quarter. If you did not know, VivoCity has launched new retail space at basement one from 15 April 2015 which has probably has contributed to the increase in tenant sales. Nine retailers occupy the new retail space at Basement 1. Two of which are new-to-market retailers: American Eagle Outfitters, a US apparel brand, and Weekends, a multi-brand lifestyle retailer.

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Summary of August 2015 Transactions

Strait Times Index August 2015

As my mindset shifted from being a value investor to an income investor, I made a drastic decision to update my portfolio. Given the current market turmoil, it was certainly a wrong timing to sell but I knew that some of my holdings are bought purely on speculation few years ago and if I did not sell now, losses will compound. I sold Amara Holdings, Boustead Projects, K1 Ventures and Second Chance Properties Ltd. I am not saying these few stocks are not good but it is just that I did not understand or did my home work on them prior to buying them. E.g. I bought Second Chance because of its high yield but I did not study in depth into its fundamentals. Read More