SOLD: AIMS APAC REIT & Sasseur REIT

Sold my 30,000 shares of AIMS APAC REIT on 14 Apr at $1.17.
Total profit of $3672.25 (11.2%) in 1 month.

Sold my 30,000 shares of Sasseur REIT on 14 Apr at $0.66.
Total profit of $2271.87 (13%) in 14 days.


Reason for selling:
1) COVID19
The number of cases in Singapore and Oversea seem to be on high side.
Dont think COVID19 will be under control before end May.
Expecting the circuit breaker in Singapore to extend after 4th May or get even stricter (Hope i am wrong on this).

2) Financial result
Company will start to declare their Financial result over the next few weeks.
Result will be bad.
Even the financial result is good, the dividend will be lower to store up cash to prepare for unexpected rough days ahead.
This will cause share price to drop.



Related post:

1) Added: AIMS APAC REIT (Mar 2020) 

2) SOLD: AIMS APAC REIT 

3) Added: AIMS APAC REIT
4) Added: Sasseur Reit (April 2020)
5) SOLD: Sasseur REIT $18,268 (Profit)
6) Sasseur Reit - Scored Grade A for their FY18 result
7) Added: Sasseur Reit

Added: Sasseur Reit (April 2020)

Bought 30,000 shares of Sasseur REIT on 1 Apr at $0.58.

This is the 2nd time i am buying this stock.
The first time i bought it, it net me a profit of S$18k+ in 4 months (Link).



Reasons for buying:
1) Price is lower than my first purchase

The first time i purchased in Feb 2019, I managed to got in at $0.64 and sold off at $0.795.
The 52w high was $0.92.
Although I did not manage to sold off at the highest point, but I am happy with the kind of profit i got previously.

Given now the price is lower, logically my profit % will be higher than previously if the cycle repeat itself again.


2) PB 0.65
NAV is 89.2cents (As of 31 Dec 2019)


3) Outstanding 2019 Performance 

4) 11% dividend and quarterly payout
Sasseur had declared FY2019 DPU of 6.533cents/share. 


5) Insider trades
There are alot of insider trades for Sasseur Reit in Mar 2020 (Link). 

6) China COVID19 suitation is stable and under control
China is the first country to be hit by COVID19 and it seem to be in control given the numbers of new cases in China last few days.
Thus, while all other countries are struggling to contain COVID19, China seem to be back to pre-COVID19 soon. 
Thus, we should see faster recovery in China vs other countries.

Link: https://investor.sasseurreit.com/newsroom/20200317_120339_CRPU_00M619EZZY4ITYWL.1.pdf

7) No major re-financing until 2021

Given the current suitation and potential recession, no major re-financing until 2021 is a great news.

8) Launch of E-Commerce Portal

I think the Management is quick and able to think out of the box to launch E-commerce portal to continue to generate Sales.

This is the kind of Vision required from the Management to be adaptive in current environment. 

9)Potential pipeline

10) Good Management

Aside from taking the initative to first close off its properties even before the China government mandate the closure, the management also provide regular update to its shareholders. 

These few actions should give sharesholders the assurance and confident in Sasseur Management.

Link: https://investor.sasseurreit.com/newsroom/20200313_075057_CRPU_SGD7S7LDVVRRIML3.1.pdf

Related post:
1) SOLD: Sasseur REIT $18,268 (Profit)
2) Sasseur Reit - Scored Grade A for their FY18 result
3) Added: Sasseur Reit

Summary of my portfolio - Mar 2020

Mr CDxD portfolio

No.	Counters	No. of Shares
1	First REIT	48,000
2	HongKongLand USD	15,500
3	Perennial	53,500
4	AIMS APAC REIT	30,000

• USD2,480 of HongKongLand dividend declared on 05 Mar (16cents/share), payout 13 May
• Added 1,500 shares of HongKongLand on 10 Mar at USD4.65 (Link)
• $1032 of First Reit dividend payout on 13 Mar (2.15cents/share)
• Added 30,000 shares of AIMS APAC REIT on 17 Mar at $1.04 (Link)