Invested into Perennial China Retail Trust 15 lots this week under Cash portfolio. All its development projects are likely to continue progressing well and on-schedule so revenue are expected to roll-in starting from its new financial year. This will easily cover the reduced distribution income in the next financial year which as mentioned in its prospectus.
Also in this week l have increase my holding in UMS 45 lots so in total l have 57 lots now. Its share price has been quite stable around $0.45-$0.46 levels for some time now despite current stock market volatility so l have decided to increase my holding in it early this week. Its decision to move some operations to Penang is a timely move in order to lower its operating expenses in its next financial year.
Portfolio walk since previous posting :-
+$2,138 Total Returns as of 1 Feb
-$208 Unrealised positions worsened
+$1,930 Total Returns as of 8 Feb
previous postings :-
Cash - Closing Status 1 Feb
Also in this week l have increase my holding in UMS 45 lots so in total l have 57 lots now. Its share price has been quite stable around $0.45-$0.46 levels for some time now despite current stock market volatility so l have decided to increase my holding in it early this week. Its decision to move some operations to Penang is a timely move in order to lower its operating expenses in its next financial year.
Portfolio walk since previous posting :-
+$2,138 Total Returns as of 1 Feb
-$208 Unrealised positions worsened
+$1,930 Total Returns as of 8 Feb
previous postings :-
Cash - Closing Status 1 Feb
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