US-listed China education stocks plunged

on Friday as Beijing regulators crack down. KWEB and BABA dropped 8.84% and 3.51% respectively. My oversea portfolio goes from -6% to -9% and KWEB is about -46% from its peak. I am not worry as long as the fundamental of these companies are still good :)

Be greedy when others are fearful.

I am happy to receive 1144 excess shares of IReit Global from its rights application.

Divested some Capitaland @ $3.87.
Added CapLand Int C Tr @ $2.10.
Added BABA @ US$204.

The war chest for my oversea portfolio

almost hit bottom due to china technology stocks (eg. KWEB) has plunged nearly 40% since its peak for the past 4 months. I would need some time to rebuild up my oversea portfolio's war chest. Currently, my oversea portfolio is in its deepest red at -6%, a big contrast with my local portfolio sitting at a profit of +20%.

Added AIMS @ $1.55.
Added KWEB @ US$63 (via short put option)

Good news for small Interaction Brokers account holders

like me. From 1st July 2021 onwards, Interactive Brokers have eliminated the monthly account inactivity fees. Extracted from the email:

Effective July 1, 2021, you will no longer be charged USD 10 for not maintaining a minimum balance or transaction activity for account U****8095. This change will be reflected in your August 2021 account statement.

This is a significant change for most of the retail investors and traders. Officially, Interactive Brokers are now even cheaper than Tiger Brokers and Moomoo for trading US shares and options. In addition, I am also using the Fractional Trading feature in Interactive Brokers to buy US shares. If you are interested to sign up a Interactive Brokers account, and do not have a referral link from your friends, please use mine here.

Divested some DBS @ $30.85.
Added Capitaland China Tr @ $1.37.
Added IReit Global @ $0.635.
Added Alibaba @ US$205.

Bought Palantir @ US$24 (via short put options).

My oversea stock portfolio after 12 months

I have fully divested Palantir last friday.

IReit Global starts its Preferential Offering

on 2 July with each share @ $0.595. Under the preferential offering at an allotment ratio of 214 new units for every 1000 existing units, I would be allocated 856 shares. However, I would definitely want to apply for excess shares :)

Moving forward, I would be using my Interactive Brokers account for US shares and options trading due to its low fee and fractional trading feature, I would be transferring my USD fund from Tiger Brokers to Interactive Brokers progressively. This can be done by withdrawing of USD from Tiger Brokers to my DBS multi currency account, then deposit them into Interactive Brokers.

Added OCBC @ $11.76.
Added KWEB @ US$70.
Added Alibaba @ US$223.
Divested some AIMS @ $1.52.
Divested all Palantir @ US$24.88.

Monthly Summary of June 2021

Local Portfolio (S$)

Investing: $191295
Market Value: $226367
Accumulated Dividend: $7878

Oversea Portfolio (US$)

Investing: US$35120
Market Value: US$35868

Alibaba break above 50dMA

yesterday. Technically, it has formed a double bottom, and I would continue my purchase of Alibaba shares.

As mentioned in https://ainvestor.blogspot.com/2021/06/my-oversea-portfolio-has-reached.html, I have subscribed to Mapletree Industrial Trust rights via Tiger Brokers and Moomoo, and was allocated a total of 400 shares. FYI, Tiger Brokers does not allow application of excess shares, whereas, Moomoo has given me some excess shares :)

IReit Global has announced another rights issue, and would be doing an advance distribution of $0.0223. Some important dates:

Record Date for entitlement to the Advanced Distribution
and eligibility to participate in the Preferential Offering                      29 June 2021 at 5.00 p.m.

Listing of New Units pursuant to the Placement                                 30 June 2021 at 9.00 a.m.

Opening date and time for the Preferential Offering                           2 July 2021 at 9.00 a.m. (9.00 a.m. for Electronic Applications)

Payment of Advanced Distribution On or around                                27 August 2021

Last date and time for acceptance, application
(if applicable) and payment for provisional allotments
of New Units and Excess New Units pursuant to the
Preferential Offering                                                                        12 July 2021 at 5.00 p.m. (9.30 p.m. for Electronic Applications)

Listing of New Units pursuant to the Preferential Offering                   21 July 2021 at 9.00 a.m..

For past week:

Added STI ETF @ $3.153.
Added Ascendas Reit @ $2.96.

By end of this month, my oversea portfolio would be 12 months old. I would publish a post to show its stocks and how they have performed. 

Registered with Interactive Brokers

although I already have Tiger Brokers and Moomoo accounts. Since there are many online articles and videos doing comparison between these brokers, I would not repeat the details here. The main reasons why I decided to sign up Interactive Brokers is because it supports covered call options, and its low commission fee for options trading.

Currently, there is sign up promotion for both Tiger Brokers and Moomoo:

Tiger Brokers: Free Amazon, Apple, Xiaomi shares, and more. If you are interested to sign up a Tiger Brokers account, and do not have a referral link from your friends, please use mine: https://www.tigersecurities.com/accounts?invite=O4JB19

Moomoo: Free Apple, Nio, Twitter shares, and more. If you are interested to sign up a Moomoo account, and do not have a referral link from your friends, please use mine: https://j.moomoo.com/004Sla

If you are interested to sign up a Interactive Brokers account, and do not have a referral link from your friends, please use mine here.

These are my transactions for the past week:

Added IReit Global @ $0.655.
Added HSTECH @ $1.305.
Divested some SGX @ $10.69.