Summary of May 2018 Transactions

There has been major changes to my stock portfolio this month. I have added Frasers Logistics & Industrial Trust to my stock portfolio. You can read more of my personal analysis here ( My Personal Analysis of Frasers Logistics and Industrial Trust ). Frasers Logistics and Industrial Trust now makes up 7% of my stock portfolio.

To partially fund my purchase of Frasers Logistics and Industrial Trust, I have sold off Boustead at a loss of 11%. However, with the dividends I have collected over the years, I made a profit of 31.5%. Gone are the glory days of Boustead since it spinned off Boustead Projects into a separate listed stock on SGX. In recent years, it has also been impacted by the economy downturn in the marine oil and gas sector. Based on my purchase price of Boustead in all the way back in 2012, the current dividend yield is around 2.7%. Being a dividend investor, I choose to sell off Boustead and enter into a position with Frasers Logistics and Industrial Trust instead as it offers me a higher yield. Read More

Summary of November 2017 Transactions

This month, there is some major changes to my stock portfolio. If you have noticed, I have fully divested Soilbuild Business Space REIT (Goodbye SoilBuild Business Space REIT). With the cash from the divestment, I have increased my stake in CapitaMall Trust and Mapletree Commercial Trust (Why I Bought Into Mapletree Commercial Trust).

A few readers wrote in to ask why I bought the above two REITs which are considered selling at a premium right now? Basically, I am satisfied with the current yield the two REITs are paying. By increasing my units of holding, I am expecting to receive more distribution payout in the year 2018. Well, that is my plan. Read More

Summary of September 2017 Transactions

There is no change to my stock portfolio this month. Although the stock market has retraced slightly this month, I still think most of the companies are still expensive to buy. A recently article published by The Fifth Person has enlightened me which is to avoid buying a stock at the wrong price. I remembered the saying goes “A good stock purchased at the wrong price can be a bad investment” thus we should always be patient to wait for the right price and not rush into a hasty investment.

While waiting for an opportunity to divest Soilbuild Business Space REIT, bad news pop up again. Another tenant has default on its rent ( Another Tenant Default for Soilbuild Business Space REIT ). This will unlikely to impact its upcoming quarter financial results as Soilbuild REIT has called on its insurance guarantee but Soilbuild REIT better find a new tenant soon else it may have an impact on its distributions in subsequent quarters.

There are a few stocks I am currently watching. They are Frasers Commercial Trust, SPH REIT, Starhill Global REIT and Capital Commercial Trust.

HP recently announced they will not be renewing their lease at Alexandra Technopark. This opens an opportunity to buy more into Frasers Commercial Trust should the price comes down.

As for SPH REIT, I like the stability of this retail REIT however, the sponsor SPH is doing badly right now and I am worried about its SPH cash running out. This will have somehow an impact on SPH REIT. The dividend yield is pretty non attractive at less than 6%.

Starhill Global REIT remains my favorite pick due to its high dividend yield among other retail REITs right now. As Starhill Global REIT is in my spouse’s stock portfolio, I shall not be adding it to my stock portfolio but if opportunity arises, I may add more of it to my spouse’s stock portfolio. My preferred entry price is S$0.73.

The last REIT I am looking at is Capital Commercial Trust. I came to know about this trust due to Golden Shoe Carpark. The manager is good at recycling capital assets. At current S$1.66, it looks expensive to buy into this REIT. A good entry price is S$1.45 to S$1.51 but as I have not done any further personal analysis, this is just my rough feel.