Portfolio Update for October 2026

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This will be a relatively short post to update my portfolio transactions for October.

October has been a particularly rough month for my portfolio.  Volatile oil prices, persistent US inflation and rising Treasury yields added pressure to the market.  Things took a turn for the worse when concerns over stretched valuations in Singapore's stock market came to the forefront, prompting analysts to downgrade Singapore banks.  Following Citibank's downgrade of Oversea-Chinese Banking Corporation (OCBC), the Straits Times Index (STI) experienced a sharp correction.

Singapore banks and REITs were both caught in the sell-off, leaving few places for my portfolio to hide.  With both sectors coming under pressure at the same time, the impact on my portfolio was significant.

This month marks the start of release of earnings from companies and REITs listed on SGX.  Aims Apac REIT was the first to announce results this quarter, and the results were good with 4% rise in distribution per unit (DPU).  Mapletree Logistics Trust (MLT) have announced slightly concerning results, but the slight 0.1% increase in DPU quarter on quarter gave positive sentiments.  However, Mapletree Industrual Trust (MIT) and Mapletree Pan Asia Commercial Trust (MPACT) gave a disappointing set of quarterly results due to divestment and underperforming US data centers for MIT, and continued challenges faced by China properties and Festival Walk for MPACT.  All these inevitably resulted in a decline in DPU by 6.6% and 3.5% by MIT and MPACT respectively.  With such disappointing results, it is no wonder that MIT's share price tumbled after the release of its results, while MPACT's share price remained stable after release of results, probably because bad news have been priced in and its share price has already declined considerably before release of results.  Coupled with the reignition of inflation and rising interest rates moving forward, the share price of REITs tumbled generally.  

For this month, I did not inject any capital to buy any shares.  

Instead, I have reinvested dividends on the following shares:

MY:      CIMB  

Total SG Portfolio Value has slumped by approximately 4.4% to around SGD 802K, while total MY Portfolio Value has decreased by approximately 1.8% to around MYR33.1K.  Looking at the numbers, though my portfolio value has declined rather significantly due to correction in the entire markets as a whole, where banks, REITs and other stocks are all not spared, I am contented that my SG Portfolio can 'dangerously' remain above SGD 800K in value.  In addition, if no hiccups happen, I will be on track to achieve my annual dividend goal.  May my dividends continue to grow and accumulate to greater heights!

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