The local stock market has been extremely buoyant lately and to add on the stock picks I've achieved exceptional returns for some stocks due to entering much earlier than analyst calls. I felt its 50% luck 50% effort. I do not think I would be able to achieve the same type of returns at the 2H 2017.
UMS - 70% returns for 5months time
Hotung - 35% for 5 months time
FCL - 15% for 3 months time (ex div)
Croesus - Pte offer 32% up (this is a sad lost)
I am still holding on to Design Studio. (30% gain)
The issue with rising prices and chasing for yield is when big boys sweep up good companies which are undervalued. I'm now stripped of the following ;8% yielders since 2015: Croesus, Saizen, Sim Lian, UMS, Hotung (first 3 being completely privatised so there is no hope of coming back).
Now what do I do with the profit? Too little to purchase property to lock up value.. I'm stuck with a market that offers APPT, BHG, IREIT, LIPPO for high yielders ... ugh... the quality pales in comparison.
Non-reits which off >7% are increasingly rare and usually these dividends fluctuates. I shall hold on my cash for now.. but this surely would hurt my dividends in 2018 if I could not identify replacement stock for Croesus reit past Q3 2017.
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