Friday, 29 November 2019

November 2019 Updates

Nov 2019

Portfolio Value after market close: S$122,420.76

Wifey's Portfolio Value after market close: S$62,847.45

Purchase: 5,000 units of Ascendas Reit @ $2.89

Sold: None

Dividends: ESR Reit @ $93.39, Netlink Trust @ $201.60, MNACT @ $77.48 and Suntec Reit @ $94.60.

Ascendas Reit

I have been waiting to enter Ascendas Reit for a long time.

The recent rights issue presented a good chance for me to invest in this well-run company. When the price of the Reit dipped to $2.89 - $2.91 from the previous $3+, I proceeded to buy 10 lots (5 lots for wifey).

Though the price is still a premium to book, it is a price I am comfortable with especially since this is for my long term income portfolio.

Also, I feel the premium is worth paying for a Reit of this quality.

Furthermore if the price dip significantly further, I am prepared to buy another batch.

If not I will hold my bullets for the other counters on my watchlist.

Japfa

Share price of Japfa has ran up nicely over the past two weeks and I was tempted to sell my holdings. However I eventually decided to hold on as the uptrend still seems intact.

Will monitor and see.

ISOTeam

Saw from the news last night that ISOTeam has finally concluded the deal to buy over Mobikes bicycles.

The new assets increased their number of bikes exponentially and I expect this to contribute positively to SG Bike which has already broken even operationally before this.

I have previously written about this in my ISOTeam AGM post here.

This positive news came after the announcment of a slew of contract wins for ISOTeam, including that of projects at Istana and the Botanical Gardens.

Order book remains high and is still increasing. And with the general election coming soon (I guess), I won't be surprised at all if ISOTeam announce more public contract wins.

I am excited by the coming quarters ahead. 

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