Christmas Shopping

穷小子 is having his festive seasons shopping for the past few weeks. Shopping for gifts for friends, families, and self. Mainly being to Raffles City, Bugis, Vivocity, Waterway Point, Suntec. Managed to get a perfect gift for everyone, and with much shopping malls rewards points accumulations as well as credit cards rebates. Most importantly, 穷小子 had bought most of the REITS from his watchlists too. Yay! Interest rate hikes was over for this year, but do anticipate to have three rate hikes in 2017 with Fed's projection.

CapitaLand Mall Trust
CapitaLand has always been one of 穷小子's favourite shopping organisations. CapitaLand Mall Trust has 16 properties leading famously with Bugis, Plaza Singapura and Raffles City. This is in the top of 穷小子's target list. Snap it impatiently with slightly above book value immediately after the rate hikes news last week. The price had dropped about 1.8% after since, but nonetheless, 穷小子 is comfortable with the 5.77% yield. Looking out for this if it drops more. On side note, CapitaLand is 穷小子's first stock after all, long time supporter.

Mapletree Commercial Trust
穷小子 must admit that this was never in his watchlist until recently. 穷小子 went Vivocity to shop for the presents and notice that the crowd was overwhelming. Not that we didn't know that it is popular, but the crowd was still impressive every time 穷小子 visited it, and even after 10 years of operation. Vivocity holds a significant position in the southern part of Singapore. It is a bottleneck passage towards Sentosa, one of Singapore's iconic tourist attractions. Every visitors would need to pass through Vivocity to get into Sentosa, either by the Sentosa Express or by walking. If one would want to have a cheaper decent meal out from Sentosa, the nearest will be Vivocity.
On top of all these, there is Harbourfront Ferry Terminal which is just right next to it. Another group of crowd formed by tourists and locals who want to get into Batam or cruise.
Vivocity, Singapore's largest mall, will never be lacking of crowds with all these strategic advantages.
Another plus point is the diversification of Mapletree Commercial Trust. It has 5 properties only, but ranging from retail, to CBD offices, business park. On the downside, 穷小子 had paid about 6% premium to its book value for this. Will not be adding any more unless the next purchase is below its book value.

Fraser Centrepoint Trust
It comprises six suburban malls, Causeway Point, Northpoint, Changi City Point, Bedok Point, YewTee Point and Anchorpoint. 穷小子 had not personally visited any of these in the past weeks yet, but mainly inspired by The Centrepoint and Waterway Point, both which are under its parent's flagship. Likes with the new Centrepoint, a more open-concept layout with more F&B outlets after its renovations. Yes, Punggol Waterway point again, as blogged previously. Pinning on hopes that Fraser Management will inject Waterway point into Fraser Centrepoint Trust, to become the seventh "Point". Comfortably with about 6.2% yield and paid slightly lower than its book value.

Suntec Reit
Suntec City used to live in a shadow behind Raffles City and Marina Square, because of its accessibility disadvantages, losing out to both malls which are nearer to City Hall Station. The game had changed ever since the opening of Circle Line, and also with the completion of its renovations.
One of Promenade Station's exit is just right in front of Tower 3 entrance. Another would be Esplanade Station which is pretty close to the Convention Tower. 穷小子's observations is that the 2 stations' exits are bringing more crowd nowadays, more than City Hall's. Suntec is making good use of its good strategic location, and with the conventions halls filled with events all year round.
Did a small purchase last month before the rate hikes, but the price never come back ever since. Didn't add any more new positions this time round, but this definitely still within 穷小子's top reits target.
Glad that had "ate" some last month, so not in hurry to "eat" again.

CapitaLand Commercial Trust
Had reduced 40% of CapitaLand Commercial Trust about 3 months ago, after it had a great run to $1.64. 穷小子 is definitely happy to have it back before end of the year. Of course didn't get it back at the $1.45 low last month, due to too much fear about the rate hikes. Do not time the market. Haha.. Anyway, at 5.8% yield with about 15% discount to its book value is good enough for now.

With all the REITs purchased, 穷小子 shall close shop for this year. Let's see how the market react to the new year ahead. Total REITs' holding is at about 33% of the whole portfolio currently. Will be more mindful for any more REITs increase as 穷小子 don't wish REITs to be over-weighted.
Merry Christmas and a Happy New Year!!