This will be a quick update on some of the recent actions.
A few Reits took a beating towards the end of the closing market today and I took the opportunity to add to my existing position by adding 7,000 shares of FCT at a price of $1.93 (5,000 shares) and $1.91 (2,000 shares). The share price closed a few bids lower thereafter.
I had previously added/written a few articles on the company below this year:
Recent Action - FCT (May 16)
FCT - AGM
My objective in accumulating this Reit is pretty simple.
The Reit owns a few suburban shopping malls which in my opinion provides a clear catalyst to move forward in the short to mid term. Both the Woodland Regional Hub and Yishun Integrated Hub are part of the near term catalyst which will spur the development forward in years to come......