Portfolio Allocation (April 2019)
Stock Allocation
Change Log
- Bought FRASERS PROPERTY
- Sold AIMS APAC REIT
The rally continues into April and STI has reached closed to 3,400 points which is around 6% increase for the month and 13% increase for the year. It is harder to enter the market during a rally as most of the stocks would seem overprice. Luckily, I managed to picked up Frasers Property after the news that they acquired PGIM Real Estate AsiaRetail Fund. But this was not the news which caused to the price to rally. The news that really caused Frasers Property to gain attention was that they are in talks to sell Fraser Tower even though the sale has not been confirmed.
I decided to sell AIMS APAC REIT in April to reduce risk exposure in the event of CWT meltdown. CWT International has defaulted on its loans and it is unclear what would happen to the subsidiary CWT Pte Ltd. The REITs which could be impacted are AIMS APAC REIT, Cache Logistics Trust, and Mapletree Logistics Trust. I have 2 out of the 3 REITs listed and thus decided to sell AIMS APAC REIT which is the smaller portion of my portfolio of around 1.70%. I will continue to hold Mapletree Logistics Trust.
Lastly, 800 Super trading was suddenly halted with extension until next Monday before the market opens. There was no leaked news as to what would be announced but the price did spiked before it was halted. Hopefully, it would be some good news.
Portfolio Allocation
Portfolio allocation is still heavy on cash mainly from the payout for M1, and selling of AIMS APAC REIT, which are not fully redeployed into the market.
Sector Allocation
REITs allocation has reduced slightly from the selling of AIMS APAC REIT and increased in allocation to Property sector.
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