Previously, I did mention in my post on why did I sold off all my SG holding and now it seemed like I had made the right choice. Yes, I know "Gurus" would lecture me on how we should hold long term for Dividend or where did I park my money after I sell and etc.
Lets take a look at Capitaland, they are now trading at below 3.60 SGD per share (at time of writing) and I sold them off for a hefty profit way above 3.60 SGD. Though my average buying price was 2.80 SGD, I would technically still be sitting on paper gain if I did not sell. However, I doubt the price would hold much longer and we would likely see a downward trend soon.
Gurus would flame me for selling my YZJ but I had no regret because I did have capital gain after all. 2 SGD TP is a far target and I always believed YZJ will be back someday for me to pick it up cheap again.
As for REITS, the price have started to go down ever since the announcement of tightening of Covid-19 measures. I doubt Singapore would return back to Circuit Breaker but shopping malls and office spaces are likely gonna get affected for a longer time frame than what "experts" have expected.
Thus far, my strategy for "Covered Call" is working well and I am comfortable with the amount I'd invested. Subsequently, I am looking to rebuild my SG Portfolio by adding fresh fund moving forward. For a start, I am looking at REITS as I believed that it would only be a matter of time that retails' space would recover. However, I am so positive for office space cause there are some companies who would be able to reduce cost simply by working remotely. However, office spaces are still required and thus we should only go for quality REITS with strong backer.
Here are the REITS and the Target Price that I am looking at.
Frasers Cpt Tr : 2.30 SGD
Lendlease Reit : 0.750 SGD
Ascendar Reit : 2.85 SGD
Mapletree Ind Tr : 2.65 SGD
Of course, the price are just target and might change depending on how the Covid-19 situation pan out.