This year is flat. Hovering around 1% gain currently which is still below STI Index. Strategy wise I am not changing much. Our Banks valuation are rich so is tough for me to enter to close the gap. Few trades I did worth thinking more.Singtel
Reduced further with the poor results of associates as I need to manage the risk of over-exposure. And with the coming of TPG, the battle could be tougher. Regional wide telco margin pressure will be a new shift. The main impact is my 2018 dividend. So I hope to come up something to compensate.
Frasers Cpt Tr
Decided to come back on this counter after making the mistake of selling it earlier. One thing I learned is what a strong sponsor can do to support the dpu. Anyway, kick-start with a small position as is my believe that Malls are here to stay and the stability of their earning power is reasonable.
Frasers L&I Tr
Reduced further as the main reason to invest is no longer there. Sizable gearing increase without sufficient DPU compensation in the Euro Acquisition seems not so good a deal. We could argue is good for currency diversification but that itself is a weakness of the reit inability to overcome through internal earning.
Next will be a right issue to bring down gearing.ReplyDelete
That's the expectation. Let see how the price goes after ex-div.Delete
Singtel is in a good position to weather this telco price war. It has other businesses too.ReplyDelete
True hence only reduced position to reduce my risk to 5.4% of my tracked portfolio.Delete