Foreword
I've learnt a lot how to control my impulses on trading.... since trading on impulse with a badly thought out trade plan almost always means a loss. While i have resumed trading, i am more judicious in my trading choices, it has to be of a certain risk/reward and set-up, volume. Meanwhile, i also need to work on the exit strategy of my income counters, the principle and thinking.
Action
SOLD- Far east Orchard. The price dropped below my SL on news of bad results, no choice but to cut it off to protect my capital.
BOUGHT- Guocoland. This is a Growth-Capital Gain Investment I bought into this counter inspired by a news on how their modern martin condo sold 90 units worth $220M over a weekend. TA-wise this counter has a build-up around the $1.90 region, and was trading at price of 0.65x NAV, with an okay dividend of 2.6% ( while i wait for the prices to rise)
"Income" asset Counters Longer term (50,100,200ma with >4.5% dividends, growing-flat DPU) with positive outlook.
Chip Eng Seng. Bought it because it started moving up start of this year, I have enjoyedthe 4c dividend already, and i am timing to grab of this counter soon to enjoy more 4c dividend.
TA-wise there is signs of a breakout from the build-up encircled, set-up is positive.
FA-wise over the weekend there were results that their profits dropped significantly, so looking for the markets to react to this before making a move.
Mapletree GCC. Bought this at 98c, added at 1.04 and then 1.095. good counter for me as the DPU is maintained in challenging times with marginal increases.
TA-wise, it seems to have broke the recent countertrend and heading to higher highs, hopefully at NAV.
FA-wise, good yield, trading below NAV, REIT managers are good. headwinds in the retail sector that it is in and the forex risk (china and hongkong)
Suntec REIT. This counter was bought because there was unusual bullish volume, that might indicate some sort of future corporate action coming... there was a price increase, and price dropped a fair bit after XD. so i won't load this counter yet.
TA wise, no set-up.
FA-wise, with Suntec fully functioning again, weakness in retail, strength in office.
"Speculative" Trade Counters Short term ( 10.20.50ma respective trades with strong bullish volumes)
"Growth-Capital Gain" Investment Counters Longer term (50,100,200ma) trading below NAV or strong growth narrative.
China Aviation. Recently a bit bearish volume and not moving much. aviation market in this part of the world is still strong, will hold onto this counter unless it breaks into 1.5 something region.
TA-wise: stronger bearish volume spotted, might need to exit if it goes for lower lows, lower highs.
FA-wise: no change in the aviation market for china, so can hold out longer.
TA-wise: stronger bearish volume spotted, might need to exit if it goes for lower lows, lower highs.
FA-wise: no change in the aviation market for china, so can hold out longer.
Golden Agri- Resources. Price tried to break the 40c mark but failed to do so, and it got hit back below the 200ma and 50ma mark. Unless it breaks the slowly creeping up trend which warrants an exit, otherwise i can keep it since it is traidng below NAV, and the P/E is really low... so just waiting for commodity play to heat up again :)
TA-wise: bad, got hit back below the the key moving averages. exit it it breaks lower though.
FA-wise: no changes so hold on.
TA-wise: bad, got hit back below the the key moving averages. exit it it breaks lower though.
FA-wise: no changes so hold on.
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