Performance Indicators / Dividends
- YTD Time weighted return: 19.03%
- XIRR since portfolio inception in 2013: 15.08%
- Dividends collected: SGD 5,352.11
- Yuexiu Transportation Infrastructure: HKD 1,080
The month that disappeared
September kinda flew by for me. Between work, study and travel, I spent little time observing the markets. Good thing too as my portfolio didn’t move much. My stock value declined about $800 overall led mainly by declines in Avenue Therapeutis, Visa and Singtel, and offset by gains in Yuexiu Transport Infrastructure.
Overall portfolio value increased to $168,337 mainly due to $10k of capital injections into the portfolio from savings. Been some months since I’ve injected capital into the portfolio so I’ve been sitting on some savings from work and side hustles. Decided to pour this cash into the portfolio to build up more reserves for the upcoming Manulife US REIT preferential offering and other opportunities, if any, as needed.
October is typically a bad month of the year, so we shall see if any opportunities arise.
CRCT Preferential Offering Results
The only transaction that happened this month was that I participated in the Capitaland Retail China Trust Preferential Offering. This is in connection with their acquisition of 3 malls in China from Capitaland.
I adopted a “multi application” approach that I use on REIT rights issues that I’m interested in adding more of. This involves owning units in multiple brokerage accounts so that you have multiple attempts at applying for units. This is in contrast of holding my entire position in a single account and only having 1 application attempt.
Based on personal experience, REITs seem to allocate more excess units to investors with smaller positions in each application. But don’t take it as gospel as this is just personal observation.
Here is a summary of my various applications and my allocation results. You be a judge of the results yourself.
|Account||Holdings||Entitlement||Total Units Applied||Total Allocation|
Note: My CPF portfolio is not included in this portfolio review. I’ve included my CPF CRCT PO application results to illustrate my point.
This month was a bit content light due to my 1 week in Beijing. I visited 2 stretches of the Great Wall of China, Simatai and Jinshanling, as part of the trip. Simatai is the only section of the wall with a Night Tour while Jinshanling was a section nearby.
The view and experience was breathtaking. Here are some poor quality photos.
Not much of note this month, just my Lendlease REIT IPO review with DrWealth.
To add on, after some thought about the IPO, I’ve decided to skip it due to:
- I already have SG Retail exposure with CMT and Starhill Global REIT
- 5.80% yield is decent but not exciting
- My funds are partly committed to Manulife US REIT preferential offering
That said, I won’t blame anyone who wishes to subscribe to the IPO.
I’m always thankful when people see value in what I write and subscribe to my blog or like my Facebook page. To the 5 and 10 people who subscribed to my blog and liked my Facebook page respectively since my last update, welcome.
I believe the bulk you are here due to my Lendlease REIT IPO article on DrWealth, based on when you all subscribed / liked. Hope that you all found it useful 🙂