Singapore Banks continue to surge

pass their recent highs in anticipate a few interest rate hikes in 2022. Err.. maybe OCBC still lagging a bit.

After http://ainvestor.blogspot.com/2021/11/continue-to-show-signs-of-bottoming-for.html, could I say this may be reversal of China tech stocks after Alibaba shows a double bottom in its chart. Remind myself that time in market is more important than timing the market :)

I would continue to sell options (in both US and HK markets) to reduce the average prices of my stocks.

Reduced DBS @ $33.42.
Added SGX @ $9.35.
Added Mapletree Log Tr @ $1.75.
Added Ascendas Reit @ $2.88. 

Last purchase of 9988

for this year when its price plunged more than 10% after it announced poor results on 18 Nov. This plunge comes a bit unexpected as I am expecting a pullback instead. After this purchase, I have accumulated 500 shares of 9988 at average price of HK$166. Moving forward, my plan would be to make use of selling call options to lower my average price.

For technical analysis of BABA and 9988, the inverse head-shoulder formation has became invalid after the plunge. Currently, both are very near a critical support level at about US$138 and HK$132 respectively.

Added 9988 @ HK$139.80.

Continue to show signs of bottoming for China tech stocks

as observed from the technical analysis of Alibaba, KWEB and 3067. Alibaba's chart has a potential inverse head-shoulder formation; currently at the right shoulder. As mentioned in this post http://ainvestor.blogspot.com/2021/10/is-this-beginning-of-convergence.html on 9 Oct 2021 that there are chances to buy in during a pullback which appear to be this right shoulder. A break above recent high at about US$182 should confirm a reversal. So what is needed for its price to surge above US$182? Coming soon is its result announcement on 18 Nov 2021. I am making assumption that we are currently at "Hope" of stage 4 market cycle mentioned here https://www.dsij.in/Insight/Mindshare/Article-Detail/Market-cycles-and-emotions.

Added AIMS @ $1.43.
Started new position on ComfortDelgro @ $1.51

Is this the beginning of convergence

between US and China tech stock market as mentioned in https://ainvestor.blogspot.com/2021/08/a-big-divergence-between-us-and.html?

Alibaba's technical analysis show signs of bottoming. However, as all MAs are sloping downward, there would still be chances to buy in during pullbacks. Alibaba has led the crashing of China tech stocks, so would it also lead in the recovery? Only time could tell.

Added SGX @ $9.46.
Added 3067 @ HK$12.45.

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.

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).

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.

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. 

Sell in May and

go away. With this in mind, I have started to slow down my investment since May. Currently, Alibaba share price is trapped in lower high and higher low. I would plan my next purchase at 78.6% fib retracement or when its price breaks above 50dMA.

Added Ascendas Reit @ $2.96.
Added ASHR @ US$40.80.
Added Alibaba @ US$215.06.

My oversea portfolio has reached

a total investment of US$34k even exceeding my revised target of US$29k mentioned http://ainvestor.blogspot.com/2021/04/changes-to-2021-plan.html. One reason is that I see more opportunities in oversea market during the pullbacks in Mar and May 2021. Another reason is there is a one lump sum investment in Palantir. My oversea portfolio has been sideway for the past 3 months as it consists of technology and growth stocks.

I have subscribed to Mapletree Industrial Trust shares via its rights allocation; hopefully I can get some excess shares.

Added Alibaba @ US$218.80.
Added Mapletree Industrial Trust @ $2.76.

Mapletree Industrial Tr's CR

is at $2.65; representing about 5% discount from the current price. Under the preferential offering at an allotment ratio of 5 new units for every 100 existing units, I would be allocated 225 shares. However, I would try to apply for more shares :)

Divested all ComfortDelgro @ $1.57.
Added ST Engineering @ $3.76.
Added Mapletree Log Tr @ $1.90.
Added Alibaba @ US$212.60.

STI plunged on the last trading day

of this week after government announced more restriction due to a surge in covid-19 cases and more clusters for the past few days. STI hits a low of 3023 and closed at 3053. I have placed several buy orders at lower price, but none of them get done. The next support of STI is at 3000 which I would be monitoring.

Added SGX @ $10.10.
Added KWEB @ US$66.15.
Added Alibaba @ US$211.

My oversea stock portfolio move deeper

into red; currently down by -3.18%. I would continue with DCA, but at a slower pace as I realized that I have been quite aggressive over past few months. I have decided to add more Capitaland as I believe it would move up before end of this year due to its restructuring, and technically, it has hit 50MA.

Divested some STI ETF @ $3.20.
Added Capitaland @ $3.575.
Added KWEB @ US$72.90.
Added Alibaba @ US$225.52.

Monthly Summary of April 2021

This week's purchases:

Added CapitaLand China Tr @ $1.39.
Added ST Engineering @ $3.89.
Added Mapletree Industrial Tr @ $2.79.
First Purchase of IReit Global @ $0.64.
Added Alibaba @ US$232.15.

Local Portfolio (S$)

Investing: $183912
Market Value: $223380
Accumulated Dividend: $5886

Oversea Portfolio (US$)

Investing: US$22369
Market Value: US$21960

Although my oversea portfolio continues

to underperform, it didn't prevent me from executing my DCA strategy as shown below.

Added ASHR @ US$37.77.
Added KWEB @ US$75.28.
Added ARKX @ US$20.90.
Added Alibaba @ US$239.51.

First Purchase of HSTECH @ $1.371.

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

I noticed that Tiger Brokers has a Welcome gift promotion for new members: FREE share of Disney (US$187.26 as of today) + 60 commission free trades + 500 Tiger coins. 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

Rebalance local portfolio

by taking some profits from banking stocks and move the capital into REITs and trusts. This shift is to make the existing profit work harder in order to give higher dividend return by end of this year. Up to this month, I would have collected $1489 dividend. Based on my plan, I have set a target to collect about $8000 for year 2021.

*** LATEST NEWS *** Alibaba is fined US$2.8 billion by Chinese Regulators. Bad news is this amount is more than expected. Good news is one big part of uncertainty is removed. Let's see how market would reach to this news on coming Monday; whether its share price has already priced in this amount of fined.

I have added a new member to my oversea portfolio as shown below.

Added Keppel DC Reit @ $2.71.
Added KWEB @ US$78.01.
Added ASHR @ US$38.85.
First purchase of ARKX @ US$20.87.

Changes to 2021 plan

mentioned in https://ainvestor.blogspot.com/2020/12/summary-for-2020.html. Due to a better bonus from company, I am planning to increase my total investment capital such that my local portfolio and oversea portfolio would reach $200k and US$29k respectively by end of this year.

Sold some UOB @ $25.99.
Added Capitaland @ $2.78.
Added Alibaba @ US$225.25.

My oversea portfolio sink into red

while local portfolio continues to outperform.

CapitaLand has decided to privatize its development arm and consolidate its investment management and lodging platforms into CapitaLand Investment Management (CLIM). The implied consideration price for shareholders is attractive, at a significant 24-28% premium to its last Friday closing price of $3.31, with CapitaLand shareholders expected to receive an implied consideration of S$4.102 for every CapitaLand share.

Thus, I cannot control my itchy finger, and decided to add some CapitaLand when its share price retreats to $3.70.

Added CapitaLand @ $3.70.
Added CapitaLand China Tr @ $1.36.
Added KWEB @ US$80.05.
Added Alibaba @ US$230.41.

Sold some DBS @ $28.55.

I have also registered a Moomoo account, deposit of at least $2700, and made 3 trading transactions. With these 3 simple steps, I have gotten $30 stock voucher and ONE AAPL share for FREE!!

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

Thanks :)

Cyclical stocks are going up

while technology stocks and REITs are coming down. So what I have been doing recently, and would continue to do so is to rebalance my local stock portfolio. STI has hit 3100 target this week as mentioned in https://ainvestor.blogspot.com/2021/01/what-is-next-target-for-sti.html.

For my oversea portfolio, it has weaken further; at one time it even dip into negative region before rebounding. I would simply continue with my DCA strategy.

Sold some OCBC @ $11.79.
Sold some SGX @ $10.100.
Added Mapletree Industrial Tr @ $2.57.
Added Keppel DC Reit @ $2.55.
Added AIMS @ $1.29.
Added ASHR @ US$38.84.
Added Alibaba @ US$229.83.

Give STI a Tiger

beer as it outperformed US indices past week. My oversea portfolio continues to weaken, and I have made 2 purchases based on my plan stated in http://ainvestor.blogspot.com/2021/02/monthly-summary-of-february-2021.html, and I also strengthen my local portfolio for dividend yield.

Added Alibaba @ US$231.
Added KWEB @ US$82.

Added Mapletree Industrial Tr @ $2.62.
Added Mapletree Log Tr @ $1.82.

Divested some UOB @ $25.45.

Based on my current investment of $170k in my local portfolio and lower dividend yield of 4% due to pandemic, I am expecting this year dividend to be about $7k.