There was a 100-for-16 right issue by Ascendas REIT in which, I
managed to purchase an excess quantity of 1558 unit at @2.63. This
should net me a tidy profit of $600++ if I were to sell the excess
quantity. It truly came as a surprise as the right issue was
oversubscribed at 136.4%. As I previously bought through Maybank Kim Eng
Monthly Investment Plan which they discontinued this year, the excess
rounded up my holdings. Oversubscribed Ascendas REIT right issue
Aside from the right issue, I also purchased 800 units of Ascendas
REIT at $2.91. The right issue placement is supposed to be yield
accretive hence I am quite confident in its future. December Portfolio Update
I have just realised that my total investment in StashAway almost
reached $10,000. Being a ‘kiasu’ kind of guy, I will be reducing my
contribution to StashAway and in the midst of looking for bang of the
buck robo advisors. Reason being, I am currently in the midst of
referral promotion which manages my money for free up to $10,000. Total investment in StashAway as of 9 December 2019
The chart is a bit buggy as it counted my transfer from a deleted
goal (‘General Investing’) to ‘Retirement Fund’ as a deposit. My return
from ‘General Investing’ was $275.68.
Hence, the total returns from StashAway should be $442.96 Deleted goal returns
Below is my investment goals. I contributed $2,000.00 to my new SRS account.
UPDATE So far in 2021 biggest winners have been NIO, BILI , PDD, XPEV, GDS, NIU, HMI, 1810:HK. While my biggest losers are OCFT and 1833:HK. Hence, I'm going to do a little write up on some of the interesting Chinese stocks (Some of which, I have small positions in). My goal is trying to replicate my previous successes (hopefully not failures). In this bull market, it's kind of hard to actually lose money. Who knows till when it will last though. For the remaining of the Chinese Ox year, I'm still bullish with the Chinese market and I don't seem to be the only one. Niu Technologies (NASDAQ:NIU) They have recently announced that they are in a negotiation with Gojek (The biggest ride hailing service in Indonesia). Source : Chinese electric scooter maker Niu to supply Gojek: Reports Indonesia is also a big motorcycle market (I should know, I'm from Indonesia). It seems to be a backdoor in trying to grab market share. Indonesia has its own brand of e-bike (Gesit) which ...
So, this is the second post in the series of my attempt to construct my own ARK Innovation ETF. I actually have other counters in mind, but I can't reveal my cards before I am in my positions yet. I promise you it's not all Chinese companies, but these are the ones I have decided to invest on as usually Chinese companies are relatively undervalued compared to their American counterparts. That doesn't mean that As China and the United States are the two biggest economy and the most innovative countries in the world, the counters will skew heavily towards them. What is GDS? GDS is a data centre operator from China. Note that unlike other competitors, it's not a REIT. Hence, unlike Digital Realty (DLR) and Equinix (EQIX), GDS does not have the obligation to pay 90% of their taxable income as distributions (dividends) Disclaimer : My cost price on this counter is 63.58 having average up once at $80. Who are the shareholders? As you can see, STT has 34% shares. STT is...
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