Monday, 12 September 2016

Portfolio Update: CapitaLand Commercial Trust (CCT)

Have just reduced about 40% of CapitaLand Commercial Trust (CCT) holdings from the portfolio last week. Is not that 穷小子 had lost his confidence in the company, but is more due to re-balance the portfolio.

CapitaLand Commercial Trust (CCT) had a good run for the past 3 months, from $1.385 to $1.64, which gives about 18.4% return. A 18.4% profits is roughly about 3-years worth of dividends. By looking from another angle, the dividend yield drops from 6.28% to 5.3%. 穷小子 feels that there may be a profit taking session for those short term holders on this counter in the near term after such a run. Moreover, coming up would be Fed's decisions on the rate hikes and of course the US President election.
With all these reasons, 穷小子 used this opportunity to build up his war chest instead.

There is still 60% of CCT sits in 穷小子's portfolio and no doubt adding REITS into the portfolio is still one of this year's resolution,

CapitaLand Commercial Trust (CCT)

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