After divesting Neratel and with additional cash on hand, I decided to buy Singapost & Mapletree Log
Singpost dividend yield ~ 4.6%
Mapletree Log dividend yield ~7%
Why Singpost? Well, Singpost seems to have very strong backing & its price chart has been an uptrend for the longest time I can recall. I've always wanted it to fall back down substantially (to my advantage) but it just does not happen. It's business focus has also shifted slightly over the years. Consumers are doing more online shopping now & this bodes well for Singpost which have to do all the deliveries. And when was the last time you stepped into a post office or walked past one? Have you ever realized that it's always crowded? Now, that's a good sign for any business - to always have a queue.
Why Mapletree Log? For those who are in the know, Mapletree has a strong brand name. All it's other listed businesses have market price above its Net Asset Value (NAV) which means people are generally confident about Mapletree Management & don't mind paying a premium over its underlying value. Naturally, I would also want a piece of that pie & hence, I decided to buy into Mapletree Log as it has the lowest premium price tag tagged to it.
On a side note, Straco has been on a bull run! It has risen some 20% in price & I'm indeed very tempted to sell & take a quick profit but no, I've to constantly fight that temptation & tell myself that Straco is a golden egg & is a keeper. (Note to self: Nam Cheong & Neratel were sold too early!)
I've often told my friends that investing in the stock market is more psychological than they think & the person which exerts the greatest self control & patience will emerge the ultimate winner in the long run. Maybe it's time for me to read up on books that advises "when's the best time to sell" :) I saw a book in the national library that has a title along those lines, I should grab hold of it next time.
