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Portfolio Update: Added More PRIME, Keppel Pacific REIT & Country Garden
By Investmoolah  •  September 11, 2023
While the previous update on my portfolio was a short 2 weeks ago, I thought it would be good to provide another update because of many changes: Optimistic on US Office Space The US Office space has been beaten down badly due to negative sentiments. However, I feel the risk/reward here is skewed. In USA stock market, the US office REITs are currently valued in the region of 0.4 price book while for Singapore's it is at 0.2 time price book. There is inherently no difference in both countries REITs as they are all 100% situated in USA and there is no tax deduction for being listed in Singapore. Hence my expectations is that the Singapore US Office REITs may be in tune to double from their current share price to close the valuation gap. Sunbelt Cities Both PRIME and Keppel Pacific owns office buildings in US sunbelt cities (PRIME approximately 53.8% of its portfolio). These cities are seeing a high uptick...
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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