Cory Diary : Rising Tide Lifts All Boats

With the recent revivals of Reit how do strong reits compare with each other. This is especialy cloudy when most reits do rise in tandem. One way to look at it is on recent Rate Cut Plan events caused by Interest Rate hikes few years back using TA.

The period of back up 2 year will be a good gauging point to study. For the exercise of this, we use FCT, CICT, Ascendas, MIT and ParkwayLife Reits.

FCT, CICT and Ascendas are in Positive returns 2% ~5%. Mapletree Ind (MIT) slights negative which if we include dividends which will be good plus. Interestingly, Parkwaylife Reit has -19.25% capital loss. It also has one of the lowest yield which may not help reduce the losses much.

Something to think about Rising Tide Lifts All Boats when they start to recede.

Cory Diary

2024-0907

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Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.

Cory Diary : Trading Log 2021-0808

Do quite a number of trades recently for a number of reasons. So I thought is good time to document my thoughts as my portfolio hits ATH and want to secure my profits for some counters and some rebalancing. Take note this is from memory so I could make some errors so please DYODD as usual.

CICT

Cleared my position when the price bounced back some after Ex-Dividend. My opinion is that opening up certainly will help the malls. Considering I have positions in both FCT and MCT, I could be more focus. CICT still has possible opportunity externally but I decided not to wait. I may come back to look at it again if they work this out well. Don't get me wrong. CICT is still a stable stock to own for dividend but I am looking for more growth and I feel FCT and MCT will likely do better in the long run.

Nothing is better than a picture. This is where I should focus for longer term. Hope this explain my changes with time. Is quite obvious.

DBS Holding & OCBC Bank

With MAS finally lifting of Dividend Curb, the stock is now back to 33 cents for coming quarter. DBS price went past $31. I took the opportunity to take some profit off the table instead. One of the main reason is that the earning has comes down before allowances. I still have large holding in the bank. I also take the opportunity to clear off my OCBC balance shares the same time. A wonderful ride with banks this year with DBS registering the largest gains YTD and indirectly pushing up the STI Index.

SGX

The result of SGX is not so good. Lower rev and profit. What's surprise me is the interests return from Treasury income took a hit due to lowering interest rates. I didn't see this coming. The stock is quite promising. My investment in the stock is I have the gut feel is quite undervalued. When it hits $12, I did not sell. Frankly, I do not know when to sell because I am not ready for it. So the financial report kind of hit it on my head. I decided to take some profit off the table. Again I am still well vested in SGX and will continue to monitor a bit.

Cory

2021-0808

Articles in this Blog is personal take and educational purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.

Cory Diary : Trading Records 2021-0122

A little motivated with my new Notebook and keeps looking to squeeze out time to play with in-between chores. One of my favorite app is Chrome Browser and for some reason my tradingview chart aren't showing the numeric values. After figuring out for some time decided to re-install the Chrome browser and without full screen extension. Looks like problem resolved. Phew. Now I will continue my trade reports.

CICT reported their number. Looks like it doesn't meet market expectation and there is some shading. I have some stakes in the stock for long term so kind of amuse with the market sentiment since they are still in rebate mode. It has rebound quite an amount recent weeks since adding some more shares at low below $2 last year. When I look at the TA, looks like it has hit the peak. I refused to sell and this caused me to lose some capital gains. Reduced some today as I soon realised my exposure has been quite much now and this allows me to re-deploy some of the funds. I still hold a good amount but no longer blink when I see my galaxy chart. It is still a recovery counter but I think it may take some rest before moving forward again. Singapore and Malls cannot go away.

Sheng Siong has shown indication of good result by the amount of bonus they have declared for their staffs. So is in a hunch that I think their result probably is good so decided to add some more to my current position. Is still relatively small. But for a portfolio of mainly banks, Reits and some blue chips, they are welcome addition. I use to hold quite an amount in this counter and profit wise is one of the best preforming after Singtel during it's heyday. I like the business as they are not only profitable but also a household name. One thing I find excited of Sheng Siong is that their online business which complement their overall fulfillment. Looks like they are well managed.

There are a few stocks which are really hot in the SG market right now. iFast, Nanofilm, SGX, ... and there are also quite a number of penny stocks animated to my dismay. While the more established stocks can be hyped, they are still good business fundamentally behind it whereas penny stocks always give me the impression that they are heavily manipulated through forum, news or analyst reports. When things start to die down, retailers again will likely be hanging up there dried ... . Anyway I decided to buy Nanofilm to satisfy my itchy fingers.

Finally, I did a quick Buy/Sell trades on Boustead for kopi. Decided not to hold another "Reit" like counter since I have much of them. People who get them hope for a further re-valuation. I decided not to wait.

Cheers

Cory

2021-0123

Articles in this Blog is personal take and educational purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.