Hi All,
It's been a week since I last posted. Along the course of the week I add 1,500 shares of Mapletree Commercial Trust. The current dividend yield of this stock is slightly above 6% and this addition brings my total holdings of Mapletree Commercial Trust (MCT) to 3,583 with an average weighted cost of S$1.38. The odd shares in my holdings is due to me participating in the Dividend Reinvestment Plan (DRIP) and this part of the portfolio is used to to enhance the overall yield and allow the compounding effect of reinvested dividends to be fully exploited.
The balance sheet of MCT remains strong and their liability management remains solid as well, with LT liabilities being managed very efficiently. Their crown jewel asset Vivocity has also just completed its enhancement works and has continued to attract large crowds on a daily basis. Although there are some concerns ......