Recently re-initiated position in Parkway (yesterday’s small drop). Hindsight 20/20 haha. Left small amount of capital, will queue some KDC to finish it all, then can sit and wait :)

Drop more nevermind, just opportunity lost. More interested in building up a decent yield portfolio.

$Frasers L&I Tr(BUOU.SI)
$Keppel DC Reit(AJBU.SI)
$Frasers Cpt Tr(J69U.SI)
$ParkwayLife Reit(C2PU.SI)

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Bluechipfan

Good approach. Buy reits must be with the intention of not selling it, if possible, at all. Guarantee ways of dpu growth is by making accretive acquisitions and as with a coin, the flip size of crisis (perceived or otherwise) is that acquisitions cost will be lower as well. Just need to invest in good reits with good track records.

Bluechipfan

Reply to @kwkwkw : FCT' s malls are mostly located at heartland. In a sense, footfall traffic may be sustainable as residents tend to visit neighbourhood mall as part of their lifestyle to hangout, shop, eat, entertain etc. I think if the valuation is attractive, it should be all right to have it in the portfolio. You may also want to look at Capitamall Tr, they have a mix of heartland malls and upscale malls [good tourists number may affect the performance positively]. Depending on prevailing market mood, the valuation for these 2 heavy weight reits may become more attractive.

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$Frasers L&I Tr(BUOU.SI)

Recent news that FLT has been added to the FTSE EPRA/NAREIT Global Developed Index! Probably the reason for the buy up today. Unlike the previous run ups that were pretty short lived, I think this time got chance for it to stay at around this level (upward of 1.13)?

It's also quite safe to say that the index will buy in over at least 2-3 days right? Or could they have already finished buying already? Either case there should still be some leftover upside over the short-medium term as others hop onto the bandwagon due to increased confidence and exposure!

Overall good news I guess :)

https://flt.frasersproperty.com/news.html/...

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Invesment Journey - Review

I started dabbling into stocks back in 2016, midway through NS. Back then, I had some beginner's luck, picking up and profiting from Sembcorp Ind a few times during the period of instability when the Chinese market had some issues. However, by the end of the year, my considerable gains were wiped out as SCI stayed depressed around 2.5 for an extended period, triggering me to cut my losses. Following that year, I decided to transition to picking less by 'feel' and committed myself to understanding the company before buying into it.

Since then, I've focused mainly on REITs, as their business model was much easier to understand (compared to conglomerates like SCI), allowing me to have confidence in my picks. This confidence allowed me to exercise the advantage of holding power, which was the one idea my dad emphasized to me when I first started investing. 

2017

Initiated positions in FCT, ParkwayLife and FLT. All 3 had similar capital weightage. I believed in FCT's recovery potential from Northpoint, ParkwayLife's sector and income stability and FLT's growth potential respectively. Being young and restless, I exited my position in ParkwayLife halfway, realizing the bulk of my 2017 capital gains.

2018

Increased my position in FLT by buying more shares as well as exercising the rights issue. Exited my position in FCT 3/4 into the year, as I saw little to no boost in upside following the completion of Northpoint renovations. The weaker malls in the portfolio also stood out as a drag and liability, weakening my belief in the stock. 

Started holding a position in Keppel DC, main reason being income visibility and the appeal of riding the data trend. Traded abit for ParkwayLife, because finger itchy. Started a decent chunk in Singtel.

2019

Exited my position in Singtel after collecting 1 round of dividend. Again, I wasn't confident anymore in evaluating such a big company, both in terms of the various segments as well as how efficiently the management can navigate market trends. Slight capital loss, mitigated by the dividends received.

Looking forward, I intend to inject funds into Frasers Property (TQ5) next week. I like how it's revenue is shifting more towards the recurring income side. The depressed price doesn't seem to be justified in my opinion, and I'm willing to sit and wait for it to recover while enjoying the yield. Will probably reduce my stake as the price recovers, so this is a half trade, half investment idea.

My watchlist now, to add on at appropriate prices:

$Frasers Property(TQ5.SI)

$ParkwayLife Reit(C2PU.SI)

$Frasers L&I Tr(BUOU.SI)

$Keppel DC Reit(AJBU.SI) 



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$Frasers Cpt Tr(J69U.SI)
$Frasers L&I Tr(BUOU.SI)
$Keppel DC Reit(AJBU.SI)
$ParkwayLife Reit(C2PU.SI)

Finally closed my position in FCT after close to 2 years! Overall positive sentiment from analysts and others in IN, but I feel like the cons outweighs the pros at the current state. CCP and other problematic malls feels like a drag to me, where the better performing malls have to constantly step up their game in order to cover for them.

Collected a sizable amount of dividends and capital gains, so quite happy that I can wrap this up nicely and look for something that I have more confidence in! Currently holding FLT, PLIFE, KDC, all of which I believe rides on favorable global trends. Will be looking to re-balance these stocks (adding more to the last two). Eagerly waiting for the next weakness!

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$ParkwayLife Reit(C2PU)

After 2 years in the stock market, I've finally managed to plan and execute an exit price with concrete reasons to back up the move. Prior to this my investment decisions (especially the selling) was heavily based on gut feel, which made me second guess my decision a lot of the time.

So starting from early November last year when I 'restarted' my portfolio to be based on counters I've rigorously read up on and understood. For $ParkwayLife Reit(C2PU) I decided on a few rules regarding exiting the counter.

1. If the counter drops, no stop loss. Even if the price dropped, I didn't see why it would get stuck at below my entry price for too long since the dividend provides a decent support at that point and is guaranteed +ve year on year.

2. To sell when it hits at least one of two personal criteria. Firstly it has to provide a good capital gain of at least two years of projected dividends. This sort of (irrationally) provides me with flexibility in terms being able to keep this sum of cash as reserves for any major corrections. This is because I feel like the initial capital has earned enough for the next few years and can then 'chill' a bit. Second criteria is for the price-to-book ratio to run up to uncomfortable heights. For this counter, this translates to around 1.59x ($2.71). At this point the upside is definitely lower than the downside. Of course I only considered using the historic ratio for companies that has stable prospects throughout the years as better prospects demand higher P/B premiums.

Yesterday, I exited PLife after hitting both of my preset criteria at 2.69. Will not regret or second guess this decision even if it runs higher. Will consider going back in when it reaches yield of at least 5.25%, along with the P/B being at the historic mean or lower.

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