Since March 2011, the markets had been looming with bad news. From the Japan earthquake, tsunami and the nuclear crisis, to the European debt crisis, to the possible hard landing in China's economy, to now, the US debt ceiling crisis, the markets had been beaten down rather badly. However as many market watchers believe that the US politicians will make the "right" decision so as to avoid any default by the world's largest economy, thus the STI managed to stay in the green for the month.
For the month, my total unrealized profits rose by approximately 20%. No new additions were made, instead, I have liquidated part of my holdings in FJ Benjamin during a short lived rally to $0.405. I believe that in the longer term, FJ Benjamin will still do well, but due to my over-leveraged in it, selling part of it now for extra cash for possible averaging down in the near term seems to be the best option now to limit any downside risk.
This month is also the start of the earnings reporting season. So far, 4 companies in my portfolio as announced their earnings for the quarter. FSL Trust has announced a total dividend of USD 0.0095 per share. USD 0.0087 per share has been distributed prior the private placement with the proposed exchange rate of US $1: $1.2245, which equates to $0.01065 per share. The remaining USD 0.0008 per share has been announced and it will be paid at a later date with the proposed exchange rate of US $1: $1.2040, which equates to $0.00096 per share. Even with the private placement, the total dividents to be paid for the quarter remains at USD 0.0095 per share. This shows the higher total DPU that the management has been able to pay from the purchase of the two new product tankers. I believe this is positive news and hopefully the share price can gradually start to rise again.
In addition, CapitaMall Trust has announced a dividend of $0.0236 per share and Mapletree Logistic Trust has also announced a dividend of $0.0160 per share. Both counters have been providing me with a steady growing stream of dividend income as their apt management has generated consistent returns for all investors. I will continue to hold on to these counters for long periods, until fundamentals changed.
The biggest news this month should be the private placement and preferential placement of shares by Mapletree Industrial Trust. This is an accredative move by Mapletree Industrial Trust, as the placement is to fund the purchase of two divesment by JTC which will improve their yield in the long term. However, I am still deciding what to do. Hence I placed a target sell price for my single lot obtained from IPO. If my target price is not reached, I will subscribe to my units during preferential placement.
Next month, Parkwaylife Reit and other companies in my portfolio will be announcing their results for the quarter. I believe there will be good news from them. Currently the issue of US debt ceiling still weighs on the market. Hopefully the US politicians can quickly come to an agreement before the deadline is reached, else the market will definitely plunge into freefall.
For the month, my total unrealized profits rose by approximately 20%. No new additions were made, instead, I have liquidated part of my holdings in FJ Benjamin during a short lived rally to $0.405. I believe that in the longer term, FJ Benjamin will still do well, but due to my over-leveraged in it, selling part of it now for extra cash for possible averaging down in the near term seems to be the best option now to limit any downside risk.
This month is also the start of the earnings reporting season. So far, 4 companies in my portfolio as announced their earnings for the quarter. FSL Trust has announced a total dividend of USD 0.0095 per share. USD 0.0087 per share has been distributed prior the private placement with the proposed exchange rate of US $1: $1.2245, which equates to $0.01065 per share. The remaining USD 0.0008 per share has been announced and it will be paid at a later date with the proposed exchange rate of US $1: $1.2040, which equates to $0.00096 per share. Even with the private placement, the total dividents to be paid for the quarter remains at USD 0.0095 per share. This shows the higher total DPU that the management has been able to pay from the purchase of the two new product tankers. I believe this is positive news and hopefully the share price can gradually start to rise again.
In addition, CapitaMall Trust has announced a dividend of $0.0236 per share and Mapletree Logistic Trust has also announced a dividend of $0.0160 per share. Both counters have been providing me with a steady growing stream of dividend income as their apt management has generated consistent returns for all investors. I will continue to hold on to these counters for long periods, until fundamentals changed.
The biggest news this month should be the private placement and preferential placement of shares by Mapletree Industrial Trust. This is an accredative move by Mapletree Industrial Trust, as the placement is to fund the purchase of two divesment by JTC which will improve their yield in the long term. However, I am still deciding what to do. Hence I placed a target sell price for my single lot obtained from IPO. If my target price is not reached, I will subscribe to my units during preferential placement.
Next month, Parkwaylife Reit and other companies in my portfolio will be announcing their results for the quarter. I believe there will be good news from them. Currently the issue of US debt ceiling still weighs on the market. Hopefully the US politicians can quickly come to an agreement before the deadline is reached, else the market will definitely plunge into freefall.
My Current Portfolio:
Lessons learnt: Diversification is an important investment strategy. It is crucial not to put all the eggs in one basket so that any possible losses can be minimized.