Portfolio Update for April 2026

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This will be a relatively short post, just to update on the transactions for the month.

For the month of April, it remained a volatile month.  The US-Israel-Iran war in the Middle East sent conflicting and confusing signals to the rest of the world day after day, but in the end, the oil tankers were still unable to cross the Straits of Hormuz at to date.  Despite the harsh reality, the stock markets painted a very different picture.  S&P 500, NASDAQ and DJI all reached a new all time high this month, and closer to home, STI also recovered to around 5,000 points level before retreating to 4,900 levels near the end of the month with more companies going XD.  This disparity between the markets' expectations and reality is just another piece of evidence that investors should just remain invested and not respond too nimbly at every piece of news headlines of the day.  

Nothing much this month except that CapitaLand Integrated Commercial Trust (CICT) is selling Asia Square Tower 2 and using the proceeds, debt and private placement to acquire Paragon.  This move will make CICT the largest retail REIT in Orchard Road, which already owned ION Orchard, The Atrium @ Orchard and Plaza Singapura.  Since it was a private placement, there is nothing much I can do, and if prices do drop to desirable levels, I may reinvest the advance distributions announced by CICT due to this private placement, to buy a little more shares of CICT in the open market.  

For my SG Dividend Portfolio, I sold another small tranche of Singapore Technologies Engineering when it reached another all time high this month.  I divested the proceeds to buy more UPD ETF and HRNetGroup to earn a higher dividend yield.  For my MY Dividend Portfolio, I bought more shares of Allianz, Maybank, Public Bank, CIMB and CelcomDigi as their share price continue to weakened.  In addition, I have finally divested IGB REIT and Sunway REIT this month, specifically because the tax structure of REITs in Malaysia has changed.  I have invested the sale proceeds back into the existing companies I hold in my portfolio.  Hopefully I am not continuously catching a falling knife and their share prices will stabilize and improve soon.

Closer to home, it is a new quarter, and the earnings of the REITs, Trust and remaining companies will gradually be released this month and next, and this means, dividends are streaming in soon in the coming months.  First to release its earnings result is Mapletree Pan Asia Commercial Trust (MPACT) also announced a 2.6% decline in DPU year-on-year.  Mapletree Industrial Trust (MIT) announced a 4.9% decline in DPU year-on-year.  Similarly, Mapletree Logistics Trust (MLT), has announced a 7.0% decline in DPU year-on-year.  Quite a disappointment I must say, but since my last rebalancing, the Mapletree family REITs comprised a much smaller allocation within my portfolio, thus I will just hold on to them to collect the quarterly dividends, with the hope of a eventful turnaround in time to come.  

Next month, Frasers Logistics and Commercial Trust (FLCT) and Aims Apac REIT (AAR) will be announcing their results.  Hopefully they will announce better results than the Mapletree family of REITs.  At the meantime, I shall just look forward to its distributions, and ignore the near term volatility in share price.  In addition, next month will a great month where the bountiful dividends gets credited into my account.  Details of the dividends received for the quarter will be posted in the next quarterly updates.  

For this month, I injected approximately MYR 6.6K capital into the portfolio, and used the sale proceeds to buy the following shares:

SGX:    HRNetGroup

             UPD ETF

MY:      Allianz

             CelcomDigi

             CIMB

             Maybank

             Public Bank

In addition, I have also reinvested dividends on the following share:

SGX:    HRNetGroup


On the other hand, I have sold the following shares:

SGX:    Singapore Technologies Engineering

MY:      IGB REIT

             Sunway REIT

Total SG Portfolio Value has increased slightly by approximately 2.0% to around SGD 746K, while total MY Portfolio Value has also increased by approximately 2.0% to around MYR 29.8K, including capital injected to the portfolio.  The increase is mainly due to the performance by the banks, which outweighs the drop in share prices of REITs, and the price pressure on various companies going XD around the same period.  Personally, I am pleased that despite the volatility and noise, overall market value of my portfolio stayed above the SGD 700K mark.  Moving forward, I may fine-tune my portfolio a little more, but for now, I will just hold on to the portfolio to generate more dividends.  When opportunity arises, I will reinvest part of the dividends to compound my portfolio.  For now, just looking forward to receiving the dividends in cash in upcoming month!

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