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SOLD: CapitaLand Investment & Added: Link REIT
By CompoundingDividendxDividend  •  June 26, 2024
Sold 10,000 shares of CapitaLand Investment (CLI) on 21 Jun at $2.66 Total profit (including dividend) is SGD 2819.94 (11.33%) for 2 months. Reason for selling: 1) Growth stock  As mentioned when I bought it on 18 Apr, CLI is a growth stock rather than dividend stock. Thus, wont be holding it for long term. CLI only declare dividend once per year. 2) Daily share buyback but share price going sideway I agree that CLI is currently undervalue. Thus CLI had been performing "almost" daily share buyback since they announced their financial report. With this daily share buyback activity, share price remain sideway. What if CLI stopped their daily share buyback activity, the share price will _____ 3) Use the fund to buy into LINK Reit Selling off CLI to buy into Link Reit Added 5,000 shares of Link Reit on 21 Jun at HKD31.85. This bring my total holding of Link Reit to 8,185 shares. Reason for buying: 1) 5 yrs low 2) Dividend 8.2% Link Reit declare dividend twice per year. They offer Scrip...
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By CompoundingDividendxDividend
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