After selling SATS yesterday, I continue to perform a minor shakeup in my SRS ultra long-term portfolio.
I disposed Mapletree Nac Trust at breakeven to initiate a new small position in Keppel DC Trust at $2.88, which yields close to 3.5%. It was not executed at the best timing because at the time of writing, the share price has weakened further to $2.84 but nonetheless, I will consider averaging down when it hit my next target below $2.67.
Mapletree Nac Trust was a short term punt using spare SRS funds that did not turn out well. Bought at poor entry price of 0.95, after factoring in dividends of 2 odd cents, I only managed to breakeven at 0.935. Its exposure to Festive Walk Mall on Hong Kong require extensive portfolio diversification into Korean commercial properties by the manager in order to neutralise the negative effect of political unrest and Covid health pandemic impact on retail in Hong Kong and China. I have decided to get out of the exposure to North Asia retail and commercial scene for the time being while building up resilient assets owned by Keppel DC Reit with long Wale and annual rental escalation riding on the waves of cloud computing and emerging data technologies.
Thanks for reading.
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