Summary of September 2024

Investment

 

$1,904.02 collected in dividends from Ascendas Reit, MIT, MLT, CLCT and CICT. Lol all the acronyms. 

Also collected 200 scrips from MLT and 1,800 rights + excess from the recent CICT PO.

For MLT, I elected to receive partial scrips with partial cash. The scrip price of $1.276 is attractive and more so given the expected rise in share prices as a result of Fed's rate cut. Partial cash is for avoidance of odd lots.

For CICT, it was an average up for me. I elected to subscribe for the rights and apply for excess for a total of 1,800 units. I received the full allocation today. While the rights price of $2.007 is quite high relative to my average price, it was attractive in comparison to the market price with a view of impending rise in share price.

With the averaging up from this addition, my average price for CICT now stands at $1.80 which is still yielding a good 5.8% in yearly income.

These are the only additions to my portfolio for this month. There are still some bullets left which are ready to be fired anytime when a target pop up.

Highlight of my portfolio for this month must be SingTel which is finally reaping the rewards after the strategic reset. Of course the banks and Reits are also outstanding. 

Meanwhile my investment in BABA is finally turning green. Glad I stayed with my conviction. 

Actually Alibaba reminded me of SingTel. They are not bad fundamentally speaking. Just some wrong moves over the years which were corrected or are in the process of correcting. Look at SingTel. After Mr Yuen rectified the issues brought about by his predecessor, the market rewarded SingTel accordingly. 

Overall September is good month for me and I believe, for most investors as well. 

However as we approach year end we should keep in mind the customary window dressing and look out for opportunities to add.

Also not to forget the tensions in Middle East. Iran just fired about 200 missiles at Israel this morning. This is a reminder of how dynamic the world is today. 

Business

 

Another good month for my side hustle as a freelance personal trainer. Apart from the clients allocated from my gym, I have started to train a client outside of the gym. This is a referral from word of mouth and since this is my own client, I am able to charge more per session.

My main business in the environmental management sector is also keeping me busy. Jobs are coming but the project value is low.

The new growth driver that I mentioned in previous posts is gearing up well. Just had a second meeting with a local university on the co-development of this technology. 

I am rather excited by this. 

 

Family

We have found a new school for our son for the next three months before he goes to Kindergarten next year.

We have pulled him out of his previous nursery as we suspected he has been traumatised by an assistant teacher there. We have decided to bring this up with ECDA.