This month has been a volatile month for the STI as the earnings reporting season for the first quarter of 2011 begins. For the month, my portfolio grew by 17%. The growth in unrealised profits were below my expectations, mainly because of the large drop in share price of several counters after they went XD at the end of the month.
For this quarter, the reported performance of a few counters that I'm holding were satisfactory. My main powerhouse, Mapletree Logistic Trust reported a rise in the distribution per unit to $0.0155 per share. This increase is brought about by the accredative acquisition of new properties in Japan, Korea and Singapore. This also proved that the damage brought about by the 9.0 magnitude earthquake and tsunami disaster that hit Japan last month was minimal to the properties and operations of Mapletree Logistic Trust. I strongly believe that the management is doing a great job in generating yield and profit for the shareholders and I have strong faith that the consecutive dividend payouts will continue to improve backed by further potential upside in the appreciation of share price.
First Ship Lease Trust has also announced a dividend of USD 0.0095. With the proposed exchange rate of US $1: $1.2353, that equates to $0.01174 per share. This further strengthened the sustainability of the dividend payout. However the prospects of this counter looks gloomy ahead, as the news of the previous lawsuit against the defaulter has made no progress, and no announcement was made to shareholders. I will continue to hold this counter for a while more, till when cash is needed, I will liquidate my holdings in this counter first.
In addition, Mapletree Industrial Trust has also announced a much better than expected distribution of $0.0193 per share. However, as I am only holding on to 1 lot of the counter, thus I am contented to place it aside for the quarterly dividend payout.
My new counter, CapitaMall Trust, has also announced an increase in the distribution per unit year-on-year. For the quarter, CapitaMall Trust has announced a dividend of $0.0229 per share. This payout, although lower compared to that of Suntec Reit, but I can see the sustainability and the improvement over the quarters in the payout. On the other hand, Suntec Reit's distribution per unit has been declining every quarters. I believe a smaller absolute amount that improves every quarter is muc better than a higher absolute amount that declines quarter on quarter in the long run. Hence I believe my divestment of Suntec Reit into CapitaMall Trust is a right investment choice.
Next month is the highly feared May. In anticipation of the "Sell in May and Go Away" syndrome, I have reduced my holdings in Wingtai after the price appreciated by approximately 10%. This enables me to take some profit off the table and liquidate some of my cash locked up in my investments. Hope that this year's May won't be as bad as last year's.
For this quarter, the reported performance of a few counters that I'm holding were satisfactory. My main powerhouse, Mapletree Logistic Trust reported a rise in the distribution per unit to $0.0155 per share. This increase is brought about by the accredative acquisition of new properties in Japan, Korea and Singapore. This also proved that the damage brought about by the 9.0 magnitude earthquake and tsunami disaster that hit Japan last month was minimal to the properties and operations of Mapletree Logistic Trust. I strongly believe that the management is doing a great job in generating yield and profit for the shareholders and I have strong faith that the consecutive dividend payouts will continue to improve backed by further potential upside in the appreciation of share price.
First Ship Lease Trust has also announced a dividend of USD 0.0095. With the proposed exchange rate of US $1: $1.2353, that equates to $0.01174 per share. This further strengthened the sustainability of the dividend payout. However the prospects of this counter looks gloomy ahead, as the news of the previous lawsuit against the defaulter has made no progress, and no announcement was made to shareholders. I will continue to hold this counter for a while more, till when cash is needed, I will liquidate my holdings in this counter first.
In addition, Mapletree Industrial Trust has also announced a much better than expected distribution of $0.0193 per share. However, as I am only holding on to 1 lot of the counter, thus I am contented to place it aside for the quarterly dividend payout.
My new counter, CapitaMall Trust, has also announced an increase in the distribution per unit year-on-year. For the quarter, CapitaMall Trust has announced a dividend of $0.0229 per share. This payout, although lower compared to that of Suntec Reit, but I can see the sustainability and the improvement over the quarters in the payout. On the other hand, Suntec Reit's distribution per unit has been declining every quarters. I believe a smaller absolute amount that improves every quarter is muc better than a higher absolute amount that declines quarter on quarter in the long run. Hence I believe my divestment of Suntec Reit into CapitaMall Trust is a right investment choice.
Next month is the highly feared May. In anticipation of the "Sell in May and Go Away" syndrome, I have reduced my holdings in Wingtai after the price appreciated by approximately 10%. This enables me to take some profit off the table and liquidate some of my cash locked up in my investments. Hope that this year's May won't be as bad as last year's.
My Current Portfolio:
Lessons learnt: If a better opportunity arises, divesting an average performing counter or an underperforming counter will be a better option.
