I've been queueing for Accordia Golf Trust (ADQU) for a few weeks and finally hit the target today @ 62 cents (for 5,000 shares only). So, it is a new inclusion to my minion size portfolio. Accordia Golf Trust is a business trust specializing in investments in golf courses, driving ranges, and golf course related assets in Japan. Accordia Golf Trust is based in Singapore, Singapore. There area couple of reasons why I added this counter :

1. To expand my REITs portfolio (after Lippo Malls Trust, Cache Log Trust) for income play. I know business trust different from REITs but for my income playbook, I treat them the same.

2. Accordia is currently trading at a discount of 30% with its NAV of SGD 89 cents (as at Q3 FY 2015/16). Am aware that it could be a value trap but nobody can predict the ...

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