The net assets value went down overall due to the invasion of Ukraine by Russia. Oil prices soared to USD129 per barrel on fear that the United States and its European allies will be banning imports of Russian oil. As energy prices went out of control, this will impact all aspects of products and services hence stock markets continued to react adversely to the ongoing Russo-Ukrainian war.
- Portfolio 1- Stocks held in SGX Central Depository
I have sold off my units in Mapletree NAC Trust and bought additional units in United Hampshire US REIT and Lendlease REIT from the sales proceeds.
Lendlease REIT has just announced the remaining acquisition of JEM shopping mall. I am rather intrigued by this additional acquisition of a suburban shopping mall along with its office property signed on a 30 year tenure with the Ministry of National Development. This new additional acquisition of the remaining stakes will improve the defensiveness of the earnings of Lendlease....
