Thursday, September 23, 2010

Sold off Mapletree Logistic Trust

After keeping Mapletree Logistics Trust since 24 Aug 2009, I have decided to sell everything at S$0.875/share and settle for a 35% profit. If dividends were taken account for, the gain is a good 42%. The counter has given me a good over 9% yield for the past one year :)

The reason for the sale is due to likelihood of dividend dilution after issuance of new preferential shares. When the new Mapletree Industrial Trust is launched next month, will the Logistic Trust be forgotten? Let's not forget GIC's coming Singapore's largest IPO in history - Global Logistic Trust.

If there is an opportunity, I would still go for the counter in the future provided it fell more than 5% on a single day (hopefully very soon).

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