Since October, the STI ETF has increased 1.85% in performance. Similarly, my time weighted returns have increased by 2.33% to 13.66%, since G3B holds around 25% of my portfolio. I don’t know if it’s because of the bull market, but Keong Hong and Tat Seng Packaging are slowly revealing their intrinsic value, with both stocks rising very much in the past month as compared to my other REITs holding and ComfortDelgro. The returns are 23.42% and 9.73% respectively, and they rose much faster than I’ve expected them to, considering that I was prepared to hold them for a much longer period of time.
But would I sell them now? No. I believe that they are still undervalued, but perhaps no longer attractively priced. As their price rises, margin of safety also narrows, and thus, there is an unlikely chance that I would add on to my positions.
I’ve also been trying to find value in the SGX, but my efforts were to no avail – or I’m not searching hard enough. Everything now is just… averagely priced. And even if they were somewhat discounted, there is still some undesirable and calculated downside, which I try very hard to avoid every time I buy a stock.
With Nikko AM STI ETF reaching a new high again at $3.58 per share, it would also be more ideal for me to increase my wealth in my war chest. The question of whether to sell my shares now to lock in profits has been resoundingly loud in the back of my mind for the past few weeks, and I have even discussed my options with a few close ones. The decision made is to continue holding, and only unless there is a better opportunity to buy something else, then it would make sense to sell.
What if the market crashes tomorrow? Will I feel the pain from not selling today? No, I don’t think so. It would be time then to deploy my war chest.
AA REIT has also announced a private placement for an additional 42 million units. I do suffer from some dilution because of this, and also some drop in the share price. I will continue to monitor the actions from the management to see how well this capital will be put into use, other than just reducing debt. Since they have also announced an advanced distribution of 1.91 cents per share, I’ve collected an additional $70.67, bringing my total collected dividends for 2017 up from $596.40 to $667.07.
Not too bad for some averaged $55.50 monthly “passive” income. Can buy 1 return ticket to Batam, and still have some money leftover! :p
First REIT – 1.62% ($83.46)
Starhill Global REIT – 1.57% ($79.20)
AIMSAMP Cap Industrial REIT – 1.84% ($94.35)
AIMSAMP Cap Industrial REIT (Advanced distribution) – 1.37% ($70.67)
Thanks for reading!
Miss Niao xoxo.