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Further reduce postion on SingTel & Bought Capitaland Retail China Trust
By Dividend Town  •  July 23, 2019
On 12th of July 2019, further reduce my position on SingTel by selling 3,000 shares at $3.53 per share.

I had sold 9,000 SingTel shares in June & this 3,000 will be the last batch of selling for this year.

The 2 SingTel trades net a decent profit as I bought it when it price went to a  $3.30 range.

The rationale is to reduce large concentration on a single counter  & take some profits off the table.

SingTel still remains my 2nd largest holding in my portfolio after the trade.

And on 16th July 2019, I bought 15,000 Capitaland Retail China Trust shares.

I am not sure whether CRCT will issue private placement or rights issue to raise fund for its $505 million acquisition of 3 shopping malls in China. But they stated that it objective is to achieve accretion.

I took the plunge & take a position on it.

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By Dividend Town
I started off to grow my money by placing it into Fixed deposits ,buying Unit Trust ,Investment linked Plan ,Equity Linked Notes recommended by financial advisors but ...
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