Portfolio value decreases to $183k due to declines in retail Reits and hospitality related counters and sales of 2 counters.
Sold 3,000 shares of Mapletree Industrial Trust at $3.20 for 17% gains in 1 month.
Sold 1,500 shares of Frasers Centrepoint Trust at $2.39 for 3.5% gain in 2 weeks.
I feel that MIT is fairly valued and technically may retrace for re-entry opportunity but it shoots up higher instead. It is my price to pay for timing the market.
I am using my daily expenses to nibble FCT so as it remains weak and the next dividend will be paid only 3 months later, I decided to take back my rice money.
War chest is at $13k.
SRS portfolio declines to $68k.
The local stock market remains weak and sluggish as the pandemic rages on. Local blue chips have lost their moat, cutting edge and earning power. Undervalued bank counters...