Cory Diary : Review of my investment in CAPITALAND MALL TRUST ( CMT )

One of my Core Investment. Do a fast routine review of it today. If remember correctly, last year end dec price is $1.885. My XIRR based on it is 18% YTD including dividends and gains from some trading in between.  If you are vested since then, congratulation. Reits have a good run this year (touch wood). Will the game last longer ?

Since 2008, CMT fluctuates between $1.7 to $2.3 with some "random" quick spikes. At current Price $2.06, i feel it still doesn't look over-priced for 5.4% yield for such a large Reits that hold Singapore key locations. Their Malls are still as busy as ever.

From the Chart there seems to be a higher low. I noted my increasing cash level. With profit buffer created, and coming result which i expect to be around flat at min., I decided there are more pro than con to build my up my invest amount. I could be wrong with my assumption and likely be fine with it from the dividends harvests later.

A quick exposure check on CMT is less than 7% of my SG equity. The yield is still better than many other investment instruments. More importantly is something I feel safer for my age.


Cory
20171017

Cory Diary: Good Bye - Global Logistic Properties

Quite late in the game on this. Only enter the game in Feb'17 but never late than never. One of my deliberation is due to the influence of Reit yield on my estimation of GLP value. Well, I am not exactly right considering GLP potential and Strategic assets especially so when they have international importance.

In the end, revised my estimation and arrive a fairer value of $3 at minimum which I then entered my positions. Nevertheless not much. Hindsight is so great ....

Here's my XIRR roughly 36 % inclusive of dividends. Absolute 22 % return.

(updated for privacy)

I could have hold till the end for few more percent gains and save the trading cost but that means half year of opportunity cost and go risk be it minimal or not. Decided not as I can re-invest easily with such gains.

thank you GLC.

Cory

20171013

Cory Diary: Rude Awakening - Sarine Tech

Sarine Tech has been slumping since end 2014. If a stock is to fit into low can get lower, this maybe the one. This stock has been on my radar for few years.

What so interesting about it is that it has unique technology and kind of "monopoly" on the diamond cutting segment. A world leader in diamond cutting technology. This seems to have a strong moat so how wrong can it goes on fundamental. It is also on one of Edge selected stock before. There are so many pluses to invest in.

Temptation was pretty high to have a stake in it but I did not and missed all the opportunities at 1.8, 1.6, 1.5 etc.... as i feel something is not right. I could not connect the centuries old manual cutting, india, isreal, london market and diamond trades.

This morning i saw it slumped more than 10% erasing all the gains since 2013. That's the danger of stock investing and why one must do diversification. Even with that, ones have to be careful with ones own money even if is just 1% of your net-worth.

 It will be nice to hear views from those who are still vested. Fundamental, Market and current situation. What's the hell is going on as the story of the business sounds good. Trade with care my friend. Invest with care double !


Cory
20171011