1) Switch out of Parkson Retail Asia for Ascendas Reit

2) Include ST engineering to the portfolio.

I still believed in Parkson Retail Asia longer term retail story, but I initiate position on Ascendas Reit at $2.24. Given I have also bought ST engineering, I do not want to over-stretched my cash holdings, so I decided to switch out of Parkson, for a higher yield Ascendas and for a nice 15% profit for holding it for less than 2 months.

Hmm... Why would a value investor do such short term flipping? I am a mercenary value trader. LOL

One mental model that convinced me to switch.

1) The dividends I gave up on Parkson will be more than compensated by Ascendas's upcoming distribution in September. The yield of around 6.5 % for a blue-chip industrial player with its quality of assets ...