Our portfolio decrease by 0.95% to $314,586 – $8,470.06 of capital injection and $11,490.96 of capital reduction.
The month ended better than expected, it was definitely much worst before CNY – Red Red Market for Chinese New Year!
No need to panic sell!
– Sheng Siong (2,000 units) @ $0.925
– STI ETF (1,000 units) @ $3.40
– Lion-Philip S-REIT ETF (3,000 units) @ $1.016
– First REIT (109 units) @ $1.3656
Sheng Siong has been one of CZM all-time favorite stock as it is defensive in nature. Regardless how the economy is doing, we still need food and daily necessities to survive. We last bought Sheng Siong in August 2017 and that was around the time Amazon entered our market. It is evident that the increased competition online did not have much of an impact in Sheng Siong FY 2017 result with EPS increasing by 11.3%! The older generations are still more resistant towards getting grocery online (they think it is not fresh). Having said that …