It’s the National Day long weekend and I thought I take some time to reflect on my recent buy/sell actions in the past 2 weeks. It was a crucial revamp of my portfolio and one that sees a shift from the travel towards retail and hospitality sector.

So in my earlier post, I elaborated on my rationale (late) on dumping all my Airline stocks. I vacated entirely from the airlines sector, except retaining the 2000 units of Singapore Airlines mandatory convertible bonds and odd lot of 50 SIA shares.

I made 4 buys — 1 HK conglomerate, 2 retail REITs and 1 hospitality REIT.

Conglomerate — Swire Pacific B (0087.hk)

Swire Pacific is a HK-listed conglomerate with business in segments that include property, beverages, aviation, marine services and trading and industrial.

One key flaw and lesson learnt the hard way is not to be vested in stocks who have a very close or interlinked relation. Swire Pacific is Cathay Pacific’s principal shareholder, with a 45% shareholding.