For the whole of this month, the trading volume has been low and volatility is high. There are 2 major incidents this month that result in a rough ride. Firstly, India surprisingly rose its rates, and secondly, the resurface of Greece's debts problems. Although these events result in certain dips, overall outlook is still positive.
For my counters, I'm still holding on to Mapletree Logistic Trust, Suntec Reits, Parkwaylife Reits, Soup Restaurant, Rotary, Yongnam and FJ Benjamin. In fact, this month I added my positions in FJ Benjamin by 4 lots, increasing my total holdings to 10 lots.
As seen from my portfolio for the month, profits has improved from February by almost 6 times. Mapletree Logistic Trust and Parkwaylife Reit continue their uptrend momentum to reach new highs. Suntec Reits is currently hovering around my buying price. Hopefully more breakthrough will occur soon. I will continue to hold on to these three Reits for continual dividends collection.
For other counters, Rotary is showing positive results for me has it trend up to $1.06 now. However I think Rotary will experience some correction recently due to closing of the gap up and the dilution effects from dividend payments in May. Hopefully the price can be sustained above $1.05. Yongnam experienced a couple of buy ups by the big boys this month. However as I bought at a rather high price, more uptrend is required before I can see any sustainable profits. Currently waiting for bidding results from Yongnam. I believe positive results will boost its share price to possible new highs. FJ Benjamin is also experiencing a stagnant period. I hope its 1st quarter results for 2010 will give an extra boost to the share price. Soup Restaurant has been very stagnant. I entered at the wrong price, hence I am contemplating whether to sell now or hold on. Perhaps I will make the decision after it pays its dividends.
Overall, I believe uptrend is still intact for the long term. I will continue to hold on to my current counters. Currently I am looking out for another dividend counter to add on to my dividend collections for the year. Hopefully I will be able to achieve a total dividend collection of at least $1,200/ year. At the moment, I am looking at CapitaComm Trust, K-Reits and First Shipping Lease Trust. Prices tend to be a bit high for the moment. Without any major correction, I will wait till its dividend payments in April/ May before loading it after dilution effect.
For my counters, I'm still holding on to Mapletree Logistic Trust, Suntec Reits, Parkwaylife Reits, Soup Restaurant, Rotary, Yongnam and FJ Benjamin. In fact, this month I added my positions in FJ Benjamin by 4 lots, increasing my total holdings to 10 lots.
As seen from my portfolio for the month, profits has improved from February by almost 6 times. Mapletree Logistic Trust and Parkwaylife Reit continue their uptrend momentum to reach new highs. Suntec Reits is currently hovering around my buying price. Hopefully more breakthrough will occur soon. I will continue to hold on to these three Reits for continual dividends collection.
For other counters, Rotary is showing positive results for me has it trend up to $1.06 now. However I think Rotary will experience some correction recently due to closing of the gap up and the dilution effects from dividend payments in May. Hopefully the price can be sustained above $1.05. Yongnam experienced a couple of buy ups by the big boys this month. However as I bought at a rather high price, more uptrend is required before I can see any sustainable profits. Currently waiting for bidding results from Yongnam. I believe positive results will boost its share price to possible new highs. FJ Benjamin is also experiencing a stagnant period. I hope its 1st quarter results for 2010 will give an extra boost to the share price. Soup Restaurant has been very stagnant. I entered at the wrong price, hence I am contemplating whether to sell now or hold on. Perhaps I will make the decision after it pays its dividends.
Overall, I believe uptrend is still intact for the long term. I will continue to hold on to my current counters. Currently I am looking out for another dividend counter to add on to my dividend collections for the year. Hopefully I will be able to achieve a total dividend collection of at least $1,200/ year. At the moment, I am looking at CapitaComm Trust, K-Reits and First Shipping Lease Trust. Prices tend to be a bit high for the moment. Without any major correction, I will wait till its dividend payments in April/ May before loading it after dilution effect.
My Current Portfolio:
Lessons learnt: Dollar cost averaging should be done at a lower price than the previous buying prices. For FJ Benjamin, my second purchase was done at too high a price, resulting in a slight loss now compared to a supposed slight profit. Be discipline in buying and selling. Set targets and stick to them.