The share price of Mapletree Logistics Trust (SGX:M44U) has taken a beating in recent weeks and I decided that it is time to initiate a long term position for this high quality logistics Reit riding on the booming waves of e-commerce. Also, to complete the quadruple Mapletree collection.
While technically MLT's share price may correct further below 2, I would then be happy to slowly accumulate more in future. Practically, I am practising the commonly used dollar-cost averaging strategy to build up my investment portfolio.
I have also received the "free" shares of Sembcorp Marine (SGX: S51) demerged from Sembcorp Industries (SGX: U96) today.
As I have 2400 SCI, based on the payout ratio of 4.911 shares to each SCI share, I got 11,786 shares of SMM credited to my CDP account.
There is an ongoing $5 commission promotion by Phillips Capital POEMS for odd lots trading in Sembcorp Marine shares from 11 Sep to 9 Oct....