An Update
I have recently sold off some stocks that I had blogged about.
Sold at a loss:
China Aviation - Bought $1.62, Sold $1.61 (-1%)
Sapphire Corporation - Bought $0.33, Sold $0.28 (-15%)
Sold at around breakeven:
Raffles Medical - Bought $1.41, Sold $1.39 (-2%)
Suntec Reit - Bought $1.92, Sold, $1.92 (Made a few years of dividends)
Sold at a gain:
Mapletree Greater China Commercial Trust - Bought $0.97, Sold $1.11 (14% + dividends)
China Aviation and Sapphire Corp was a way to bet on China's economy. However, I found other ways to do so once I started trading US options: Alibaba, Baidu, iShares China Large-Cap ETF. Would much prefer to trade in stocks with high liquidity. Also, I could sell covered calls while waiting, giving me additional income. (However my calls usually end up in the money!) So I exited at a slight loss and redeployed my capital.
When I sold off Suntec Reit, I switched into Mapletree Commercial Trust as I felt it was a better mall with higher footfall due to its location beside Sentosa. However, I neglected the fact that it was below book value. Now the price has gone up to book value of $2.19. Also, office rentals are supposedly turning around. However, I did switch to CapitaCom Trust after selling off Suntec, also subscribing for excess rights during their rights issue.
Raffles Medical: I realised my fair value of $1.60 was too high. It was based on the way NAV for Raffles Med was increasing in the past. However, future growth is likely to be slower as expansion in a new country (China) should have more teething problems. Also, medical tourism in Singapore is losing out to the cheaper neighbouring countries. Redeployed by buying a bit of Singapore O&G and adding on to First Reit.
Mapletree Greater China Commercial Trust: This is mainly a bet on Hong Kong as their property Festival Walk accounts for a significant amount of revenue. I have bought Dairy Farm as a way to get exposure to Hong Kong. Also, I have recently set up my online trading account to buy Hong Kong shares. This account offers low commissions and good forex rates.
Sold at a loss:
China Aviation - Bought $1.62, Sold $1.61 (-1%)
Sapphire Corporation - Bought $0.33, Sold $0.28 (-15%)
Sold at around breakeven:
Raffles Medical - Bought $1.41, Sold $1.39 (-2%)
Suntec Reit - Bought $1.92, Sold, $1.92 (Made a few years of dividends)
Sold at a gain:
Mapletree Greater China Commercial Trust - Bought $0.97, Sold $1.11 (14% + dividends)
China Aviation and Sapphire Corp was a way to bet on China's economy. However, I found other ways to do so once I started trading US options: Alibaba, Baidu, iShares China Large-Cap ETF. Would much prefer to trade in stocks with high liquidity. Also, I could sell covered calls while waiting, giving me additional income. (However my calls usually end up in the money!) So I exited at a slight loss and redeployed my capital.
When I sold off Suntec Reit, I switched into Mapletree Commercial Trust as I felt it was a better mall with higher footfall due to its location beside Sentosa. However, I neglected the fact that it was below book value. Now the price has gone up to book value of $2.19. Also, office rentals are supposedly turning around. However, I did switch to CapitaCom Trust after selling off Suntec, also subscribing for excess rights during their rights issue.
Raffles Medical: I realised my fair value of $1.60 was too high. It was based on the way NAV for Raffles Med was increasing in the past. However, future growth is likely to be slower as expansion in a new country (China) should have more teething problems. Also, medical tourism in Singapore is losing out to the cheaper neighbouring countries. Redeployed by buying a bit of Singapore O&G and adding on to First Reit.
Mapletree Greater China Commercial Trust: This is mainly a bet on Hong Kong as their property Festival Walk accounts for a significant amount of revenue. I have bought Dairy Farm as a way to get exposure to Hong Kong. Also, I have recently set up my online trading account to buy Hong Kong shares. This account offers low commissions and good forex rates.
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