Cambridge Industrial REIT - 10k shares
Starhill Global REIT - 10k shares
I have sold 1000 shares of Mencast Holdings at $0.535. I cashed in 40% profit. But in the late afternoon, this stock went up to as high as $0.56! Well, what's sold is sold, let's move on.
Actually, this is also another lesson learnt. Although a stock may far exceed its NAV or intrinsic value, it can still provide more rooms for further rises. What I could have done is - continue holding on to this stock until it has inflated so high that it reverses into a downtrend. That is, to quickly escape when the price has fallen by about 5% - 10%. But the catch is, you need to do it fast before ignorant investors realise the trend and refuse to buy at your limit price, then you might have trouble selling it off. I don't have much confidence on this and so I headed for an early exit.
One more bad news, by the way. It seems that the 2 useful blogs (read the previous entry) that provide vast information about local REITs are now dysfunctional. Hope it is just a temporary shutdown or a domain plan renewal. I still need to source for more REITs to advance my portfolio, don't leave me!
I am currently targeting MappleTree Commercial. Although some investors may want to eschew this stock due to its short history (it just entered the market as an IPO this year), I am confident of its vast potentials due to its holdings in highly-popular properties like Vivocity and PSA Building. It may present an opportunity for further rises, should Singapore economy progress to the pre-crisis level. However, some investors may not have confidence in it due to its seemingly highly-focused portfolio; it only has 3 properties in Singapore. But if we look from another angle, taking Vivocity for example, this shopping mall is the home for food and beverage, fashion, lifestyle, hypermart, entertainment, etc. This means diversification within the shopping mall itself.
(a) By Gross Rental Income for the month of November 2010
(b) By NLA as at 30 November 2010
Extracted from: http://www.mapletreecommercialtrust.com.sg/page.aspx?pageid=163
Anyway, the volume for MappleTree Commercial stock has sunk to its new low based on its 1yr chart. This implies that the stock price may experience a downtrend soon. In fact, it just fallen by 0.56% today. Could this be the signal of a downtrend? Well, I can't guarantee that. This might be a 50/50 chance. Only time will reveal the answer. I will gobble up this stock once its price falls below $0.87.
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