Apart from the Frasers Centrepoint preferential offering, I haven't added to my REIT holdings for some time as there were more attractive offerings. After taking stock of the latest price moves and interest rate curves, I think its about time to get back into REIT buying. There is more upside than downside from here.
So I've bought more today at $0.845, taking advantage of FSMOne's $8.88 flat rate commission and free level 2 data.
Australian beef and food products are just as good if not better than USA. If China finds USDA Prime more expensive due to tariffs (which are still there) than Australian Angus, it makes sense for them to buy more from Australia. I suspect increased trade between Australia and China will help the logistics sector which FLCT is heavily exposed to.
While I am a big fan of REITs, in Feb 2025 I felt that everything else was more attractive and more likely to move versus REITs which would be one of the last to move. As you can see from my blogposts, I have been focusing on the overseas market more. Now that everything else has started to move and become relatively more expensive, SG REITs are starting to look relatively more attractive. By the way, anyone who bought BABA in Feb 2025 (I didn't, though I have indirect exposure via 2800 and 2801) would be sitting on very nice returns.
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