Sold 32,000 shares of Digital Core Reit on 7 Jun at US$0.46
Total profit is SGD 1186.29 (6.4%) for around 2.5months.
Reason for selling:
1) News of Cyxtera Technologies filed for Chapter 11 (Bankruptcy)
On 4 Jun, Cyxtera Technologies (22.4% of Digital Core REIT’s annualised rental revenue) filed for Chapter 11 (Bankruptcy).
Mr Market seem to welcome this long awaiting news which cause Digital Core Reit shares price went up instead.
Since majority of US sponsor who listed in SGX market do not have good history outcome, thus, any profit is consider a good profit.
2) Attractive price
There are many other more stable stocks with very attractive price mainly due to their recent PP/PO/interest rate hike and etc.
As such, rotating DCReit out of my portfolio to add in a better player.
To be honest, there are many options to choose which is quite headache too (Will blog on my purchase soon).
Related post:
1) SOLD: ComfortDelGro & ADDED: Digital Core Reit
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