Wef from 1st Nov 2024, you can collect your VEP RFID tag in Paradigm Mall.
Mistake 1: Do not enter the first parking entrance. Instead, turn right and drive toward the Hotel parking entrance.
Wef from 1st Nov 2024, you can collect your VEP RFID tag in Paradigm Mall.
Mistake 1: Do not enter the first parking entrance. Instead, turn right and drive toward the Hotel parking entrance.
Sold 10,000 shares of CapitaLand Investment (CLI) on 21 Jun at $2.66
Total profit (including dividend) is SGD 2819.94 (11.33%) for 2 months.
Reason for selling:
1) Growth stock
As mentioned when I bought it on 18 Apr, CLI is a growth stock rather than dividend stock. Thus, wont be holding it for long term. CLI only declare dividend once per year.
2) Daily share buyback but share price going sideway
I agree that CLI is currently undervalue. Thus CLI had been performing "almost" daily share buyback since they announced their financial report. With this daily share buyback activity, share price remain sideway. What if CLI stopped their daily share buyback activity, the share price will _____
3) Use the fund to buy into LINK Reit
Selling off CLI to buy into Link Reit
Added 5,000 shares of Link Reit on 21 Jun at HKD31.85.
This bring my total holding of Link Reit to 8,185 shares.
Reason for buying:
1) 5 yrs low
2) Dividend 8.2%
Link Reit declare dividend twice per year. They offer Scrip options for the last 2 dividends + current dividend (xD 27 Jun 2024).
I had subscribed to their last 2 scrips and will be doing the same for this upcoming scrip too. The bad thing about their scrip is they do not offer any discount for their scrip price :(
3) PB 0.45
4) "A" mark in report book
Related post:
Added 10,000 shares of CapitaLand Investment (CLI) at $2.48 on 18 Apr 2024.
Reason for buying:
1) 52w low
Trying my luck to queue at $2.48 when the share price was hovering around $2.52 at that time.
Their restructuring launch price was $2.95 on 20 Sep 2021
2) Share buyback in Jan 2024
CLI did 11 days of share buyback in Jan 2024 alone.
The share buyback price range between $2.90 to $3.01
3) 12 cents Dividend
At my buy price of $2.48, 12 cents dividend is 4.8% going XD on 2 May 2024. Although the dividend is nothing to shout out loud, I will treat it as a bonus. Dont think I will be holding this for long term as this is more of a growth stock play rather than dividend play.
4) Doubling their FUM to S$200B in 5 years
CLI have been on asset light approach few years back and have set a new target of S$200B in 5 years time. This will improve their recurring fee. Doubling from $100B to $200B FUM within 5 years is quite aggressive.
5) PB 0.9
Based on their divestment history, CLI always manage to divest their asset at a premium %. This would mean their NAV was conservative.
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