Trades for the week 10 Jan - 14 Jan 2011

Bought:
Starhill Global Reit - 11000 shares @ $0.65 (14 Jan 2011) - SRS Account
GLP (Global Logistics Property) - 1000 shares @ $2.14 (14 Jan 2011) - CPFIS-OA

Sold:
ARA Asset Management - 2000 shares @ $1.80 (13 Jan 2011)
- I've been holding this counter (at IPO price of $1.15) since its IPO in Nov 2007. And I still have 400shares which will need to be sold via Phillip Unit Share Market. The gains, together with the dividends received, will thus be updated after I sold off this 400shares.


I've been looking at Starhill Global Reit for quite some time. With a dividend yield of 6% & NAV of $0.89, I find it suitable for my SRS investments as I'm looking to grow my SRS account via growth/dividend stocks.

Only having about $2600 left in my CPF OA stock investment limits, I narrow down to a few counters, namely GLP, CapitaMalls Asia & UOB-KayHian. CapitaMalls Asia doesn't seem to have much downside as it have been trading at $1.8+ for a while and the current price is still below the IPO price and much below the peak after the IPO. However, I'm already holding this counter in my cash investment. For UOB-KayHian, the price has went up since the announcement of MayBank buying over Kim Eng. Eventually, i chose GLP as I believe the exposure to the logistics property sector in China & Japan will only grow in time and will not have as much risk as the residential property sector which is present in CapitaMalls Asia.

I'm currently holding quite a few counters in all my investments especially in my cash portfolio. Therefore, I'm planning to consolidate some of these and sell off those that have run up more in the recent bull run & especially those which I hold less than 5 lots. ARA fits into this quite nicely and its price went up from $1.5+ to $1.8+ during these few weeks. If I can sell off the remaining 400shares, the gain should be around 100% , including dividends received, in about 3years 2months.


Background of Starhill Global Reit
Portfolio comprised 13 properties (primarily for retail and office purposes) in Singapore, Malaysia, Australia, Japan and China.
Properties are Wisma Atria and Ngee Ann City on Orchard Road in Singapore, Starhill Gallery and Lot 10 in Kuala Lumpur, Malaysia, full ownership of a premier retail property in Chengdu, China, seven properties in the prime areas of Tokyo, Japan and the David Jones Building in Perth, Australia.
Portfolio value of S$2.6 billion approximately.
Dividend Yield of 6.108% (based on last done price of $0.65)


Background of GLP
Market leader in modern logistics facilities in two of Asia’s largest economies, China and Japan.
Owns, manages and leases out an extensive network of 296 completed properties within 122 integrated parks spread across 25 major cities in China and Japan. The properties are strategically located within key logistics hubs, transportation hubs or industrial zones in the greater metropolitan areas of China and Japan, such as Shanghai, Tianjin, Guangzhou, Tokyo and Osaka.
Listed in Singapore Exchange recently in Oct 2010.