I made the following trades this week:
- Sold Sabana REIT (M1GU.SI) at 1.025 – 1.03: Sabana REIT announced its earnings report which was below expectations. I sold my entire stake in the company because I feel that the management has not been as strong as other industrial REITs in managing the asset portfolio. I have held my shares for several years and it has returned more than 10% p.a. including dividends. But there are many better options around today.
- Sold SingPost (S08.SI) at 1.415: SingPost has been a steady performer for the past few years, delivering consistent dividends and capital gains. But valuation is not attractive relative to its growth prospects.
- Bought Yangzijiang Shipping (BS6.SI) at 1.1: A couple of research reports on the oil and gas sector caught my attention. The sector is generally trading at an attractive valuation. YZJ is trading at less than 8x PER and forward PER, P/BV less than 1.5 with a respectable dividend yield of 4%.
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