On 12th of July 2019, further reduce my position on SingTel by selling 3,000 shares at $3.53 per share.
I had sold 9,000 SingTel shares in June & this 3,000 will be the last batch of selling for this year.
The 2 SingTel trades net a decent profit as I bought it when it price went to a $3.30 range.
The rationale is to reduce large concentration on a single counter & take some profits off the table.
SingTel still remains my 2nd largest holding in my portfolio after the trade.
And on 16th July 2019, I bought 15,000 Capitaland Retail China Trust shares.
I am not sure whether CRCT will issue private placement or rights issue to raise fund for its $505 million acquisition of 3 shopping malls in China. But they stated that it objective is to achieve accretion.
I took the plunge & take a position on it.
I had sold 9,000 SingTel shares in June & this 3,000 will be the last batch of selling for this year.
The 2 SingTel trades net a decent profit as I bought it when it price went to a $3.30 range.
The rationale is to reduce large concentration on a single counter & take some profits off the table.
SingTel still remains my 2nd largest holding in my portfolio after the trade.
And on 16th July 2019, I bought 15,000 Capitaland Retail China Trust shares.
I am not sure whether CRCT will issue private placement or rights issue to raise fund for its $505 million acquisition of 3 shopping malls in China. But they stated that it objective is to achieve accretion.
I took the plunge & take a position on it.
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