Cory Diary : Trades - 2019-0809

I have been looking further into banks but find it not easy to buy more considering the interests rates are being talked down. Getting more Reits are a bit tricky. CMT and FCOT do have some lows past few weeks period but I do not have a chance to investigate further with my recent hospitalization. CMT yield is quite low so my keenness is limited and happy with what I have currently. Buying high yield with weak fundamental is risky. I rather leave my cash alone. They aren't the same league as Ascendas, Frasers, Mapletree or Capitaland breeds ...

STI Index

STI Index has seen rather dynamic swings whereas Cory portfolio has been rather mute. Other than Reits stability, I found could be the bonds which I have expanded to lock in some of my gains. A detail checks on my record I did do a smallish cash injection via my the other trading account. I did another cash injection  when STI went low again recently. This move up my STI Index allocation to more than 12% of my portfolio. This will also align to my interests if STI decides to move back up.

VICOM

As you may know, I have been ranting how small my exposure is in this counter. So I do some buying which boost my Portfolio Yield despite the price has run up this year. I feel there is sufficient positive to have a large stake in. I am more interested in their other businesses. So a bet there will be some growth while able to continue to support the dividend yield (excluding special dividends). This is quite an illiquid counter. You can't buy much and I suspect you can't do much shorts as the counter can spikes and you will be caught with pants down for a long time.

SIngtel

I have been holding from averaging down on Singtel till i see sufficient signs. The last one is the quarterly report which is kind of below expectation. This mean I need to wait for another quarter to review. Meantime, I reduce my stake further to lock in some gains YTD to buy more into Vicom. I almost decide to sell the remainder of Singtel to manage my counter numbers but decides otherwise as there could be rebound that I will hate to miss.

Netlink BNB Tr

As you may be aware . I am back on securing some from this counter. Frankly, the feeling is good as the price goes back up quicker than I expected. So is just a small moon in my bubble chart. Nevertheless, I am glad to be able to get some.

My family and I are very well vested in Singapore. We hope Singapore continues to prosper. So our wishes may this continues !

Happy National Day, Singapore !

Cory

2019-0809

Cory Diary : Investment Updates 2018-1215

Trades

SSB Switch
Redeem SSB batch starting 1% rate for 2.01%. And a higher 2.45% effective rate.


First Reit

Reviewed First Reit investment for all the years and it still in good positive despite losses this year. If the sponsor sold off remainder of the 10%, the skin in the Reit doesn't appear to be good. Is not like they have a lot in the first place. Spending too much time on this drama for me to follow through so I thought it maybe better for me to move on. As it look like the rebound has stabilized, decided to switch out remainder of it. This will likely make my portfolio more robust for 2019. Ouch ! Nevertheless. House cleaning is never easy.


Frasers Cpt Tr

With sale of some more CMT Reit as it goes up, I use some of the excess  fund to collect FCT which I thought is valued cheaper. I am not sure the last quarterly reported result is normal though or is it beginning of the end. Sorry for the "horror headline" especially from one who just returned to vest on this. Reits generally are not cheap. It can get more expensive due to low rates though despite rate increase by FED.


STI Index
I did a sell trade again on the Index of the recent increment lots with the constant volatility originally meant for some exposure to the banks. Hope I can catch another smallish ride. I prefer to have larger stake in this.


VICOM
I am back on this. Not much discount though. Not easy to get. It will take a larger correction in the general market to put a dent i guess.


Cheers

Cory
2019-1214