Wednesday, October 25, 2023

Recent purchase of Reits ETF

Purchase of NikkoAM-StraitsTrading Asia ex Japan Reit ETF

I bought above reits ETF today, using CPF-OA funds. It's a small stake. I am buying it, as SG Reit has fallen a lot recently and it's yield beats the 2.5% interest in CPF-OA

- Based on Yahoo Finance chart, it's trading at all time low since 2017.

Based on Nikko AM websitethe reit 

-- is 75% SG reits and 13% HK reits. It's mainly retail (36%) and industrial (32%) reits.

-- has 0.55% expense ratio

-- has ~6.8% yield, based on 2023 payout.


Hongkong Land

HK Land has hit $3.10, offerring 7% yield. I am wondering if I should buy or wait till it drops to $3 before buying.


China Tower Sale and other purchase.

In previous post, I said that I bought China Tower. I have since sold it, as its price dropped and I find that I lack knowledge and conviction in the stock. 

Instead, I bought more BABA and bought Hang Lung Properties. 

Hang Lung Properties owns luxury shopping malls in China. It would have more malls in next few years. It's trading at 7+% dividend yield. 

Overall, I find that the yield in HK property companies are quite stable/safe, as they usually pay the same amount of dividend for years and their debt to equity ratio are not as high as reits (and hence higher interest rates have lower impact on them, compared to reits).


Keppel Pacific Oak US Reit (KORE)

I have a position in KORE. It's loss making. I wonder if I should increase my stake in the reit. Maybe I will do so, if it drops further to $0.20. 

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