Recent purchases of SG and HK Stocks

Singapore Stocks Purchase

1) HK Land

Bought tiny amount of Hongkong Land at $4. The thinking is to get some 5.5% dividend while waiting for price to recover. Now HK Land is at $3.74. Will wait it out but not adding, as I am aiming to buy other shares.

2) Mapletree Industrial Trust (MIT)

My first purchase of MIT. It was bought using CPF OA funds at $2.19. The thinking is to earn higher yield compared to CPF OA and T-bill while waiting for share price recovery when interest rate subside in future (hopefully).

3) United Hampshire Reit (UH Reit)

I already have UH Reit since last year. The recent purchase is at 0.43, adding on to my earlier position.

The thinking is that the reit owns stable subhurb / strip shopping space rented to grocery / neccesities outlets (i.e. low rental risk) and pays >10% dividend at current price level. So I will get decent dividend while waiting for share price to recover when interest rate subside in future (hopefully).

4) Keppel Pacific Oak US Reit (KORE)

I bought KORE earlier at $0.36. Adding a bit on to earlier position at $0.30. Its 1H results release later this week.

KORE owns US office but at better locations and probablly the buildings are more well-maintain (but this leads to higher upkeep cost.)

This is a higher risk play given the weak demand for US office space. Nonetheless, its better located and well-maintained offices should mitigate the weak demand to some extent.

I am aiming for higher dividend, albeit at higher risk.

HK Stocks Purchase

5) China Construction Bank (CCB) 939.HK

China banks share prices in HK have declined since its ex-dividend date. The share prices are near its Oct 2022 lows. China banks provide quite decent dividend at 8%-9%, after accounting for 10% dividend withholding tax. My thinking is to get the dividend while waiting for share price recovery.

Why CCB? I have bought CCB before in 2017 and hence is more familiar with it. My position is small, as I am buying the next one.

6) China Tower 788.HK

Trades at 15 PE, based on aastocks.com. Not cheap.

China Tower has 1 core (tower business) and 2 wings ( Smart Tower and Energy).

In its recent earnings call, the management notes that some towers will be fully depreciated in 2024-26 and hence its profits will be higher then. With higher profits, its dividends should also rose. Hopefully the earnings recovery will lead to higher share price in 2024-25.

Conclusion

Looks like my recent purchases are mainly dividend + share price recovery play (i.e. get dividend and wait for share price to recover.)