Sold Ascott Residence Trust.

On 3rd of July 2019, sold 5000 shares of  Ascott Residence Trust at $1.28 per share.

Net about $430+ profit from this sale.

Ascott share price keeps hovering around $1.1 range for a very long time and I don't understand the sudden price spike to $1.3 range this year, even with a decent quarterly result does not warrant such a increase in it share price.

Obviously, the merger news  between Ascott Residence Trust and Ascendas Hospitality Trust had leaked way beforehand which propel it share price to $1.3 range.

After trading halt on Ascott had been lifted on 3rd of July, i sold all my holding immediately.

I intend to deploy the capital to other REIT when the opportunity arises.


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