us markets now in correction... not yet bear.

to buy or not to buy... tricky, tricky...

i'm not new to this.

just trying to say bottom fishing is always tricky biz.

good luck to all.

Me.

Bits of mapletree ind.

not sure about the rest, but i see some sgreits have become so darn speculative, volatile... >10% swing within 10 days or so.

e.g. mapletree ind, capitamall, kdc.

aims is a more stable one... back to its "norm" at 1.42.

fed rate cut was expected since yesterday morning.

bnm cut was expected too, it happened.

sg int rates direction will follow fed's.. so, bond+reit prices go up.

the thing now is with such low int rates, many feel the yields (>4%) of some of the better reits are still high... prices can go up further.

take KDC... yield 4.0%... price still went up to 2.54.

i see it going back up there from 2.40 now.

unless other major changes, i think the "quality" sgreits will do very well by year end.

This post has been edited by AVFAN: Mar 4 2020, 03:06 PM

did u buy anything?

quick look at a few reits... if bought on 28 Feb, today... >10% gain.

i added some mapletree ind and capitamall.

not at lowest prices but happy enuf.

i'm already tempted to sell n take profit for 2 of them!

but no, will see how high they go...

SG reits are holding very well today, are they not?!

Reits, incl sgreits are calm.... just 2-3% swings in a day.

Last night, us marts... some stocks crashed 30-40%... even google, apple saw 3-5% movements.

Those are the ones that work up the adrenalin.

Tonight will likely see some recivering 10-15%.

things have turned worse now that WHO declared pandemic.

stocks falling, crude falling, everything falling...

careful now... buy or sell.

SGD has always been a "balanced" currency becos that serves its purpose well for its "internationalized" economy.

imo, SGD will depr against USD near term but won't be worse than RM.

becos RM gets hit on more fronts than SGD - crude, palm oil, FDI, capital flight, illegal flows, etc....

been like that for decades.

this thread was started in 2012... a time when some of us got into sgreits.... or even earlier for some others.

i have some old records of what i bought then...5-7 years ago... some sold off, some sold n bought back, some held since then.

given the "pandemic pandemonium" now, maybe worse to come... here what some of them looked like... then and now.

counter, date, price then, price (SGD) now:

starhill, sep 2013, 0.775, 0.60
sabana, sep 2013, 1.135, 0.39
lippo, sep 2013, 0.435, 0.18
suntec, sep 2013, 1.54, 1.59
capitamall, oct 2013, 2.00, 2.24
firstreit, apr 2014, 1.14, 0.88
soilbuild, may 2014, 0.79, 0.42
CDL, may 2014, 1.74, 1.17
IReit, dec 2014, 0.89, 0.73
capitacom, nov 2015, 1.37, 1.87
KDC dec 2015, 1.005, 2.20

my comments:

.. clear champion is... KDC, no doubt.
.. capitamall, capcomm have done quite well, actually.
.. firstreit - cannot forget this one... never recovered from that infamous incident, serves it right.
.. starhill, ireit - slow death.
.. tragedy if u had bought and kept for so long - sabana, lippo, soilbuild, CDL.

This post has been edited by AVFAN: Mar 12 2020, 02:47 PM

the early investors have been rewarded well.

last few years, it had dividends rights issues twice - at great price - and then it moves up again.

some people avg cost wud be like 0.80 only.

yeep.

i dumped capmall late yesterday.

now i add to mapletree ind.

not sure if this is fun.

aims... not so bad, volume typically low.

now 1.20... if things dun get worse, i dun see it going down much more.

longer term, i see 1.3x, good div.

yeah, i think that's ok.

rarely such events happen and they do, u see something and got convinced, u do it.

surely there is no guarantee it will turn out the way it did, but if it does, it's great; if not, u live with it.

i also bought some this morning after selling yesterday... small amounts, but i think i worked out OK, for now.

2nite... i hv another "bet" of that sort on nyse... djia futures +8xx, wti +4.5%, i hope it crawls back!

not sure why... maybe short cover, oversold, majors jumping back it after S$P futures touched 24xx?

so, did u buy anything today?
i hope u bought KDC today.

the swings were quite incredible.

i added to these 3; i have only these 3, sold all the rest.

KDC, low <1.90, closed at 2.13.
Mapletree Ind, low 2.46, closed 2.69.
Aimsapac, low 1.15, closed 1.24.

will not care if they fall again... will lock them up for a good while.

happy to monitor just 3.


the battle resumes at 9.30pm NYSE.

This post has been edited by AVFAN: Mar 13 2020, 05:50 PM

1 is better than nothing!

Fed cuts rates to ZERO.

DJIA futures limit down, -1045.

another day of fire...!

may not be a major sellout.... japan, asx looks OK.... djia futures +500...some light!