October remains a muted period.
There are changes that are being made and the new portfolio will be as follows.
Exits:
Huationg Global: As previously mentioned , I have decided to exit the position in-line with what i have done for my personal finance and after thinking through. I remain unsure how the company's costing structure will be for the 4 months after the dormitory operations has ceased as there will be fixed cost that might balloon depending on corporate decisions.
If they control the costing well, i might want to re-enter if the margins for other segments hold up / show improvement. There is also the factor that they are stronger financially and still might be able to have dormitory gigs as they mentioned that they are still on the lookout.
But i rather be on the safer side of things and wait till the full year results to reassess.
Fun TMI(Too much Information): Barring any positive upside developments, the top 20 Shareholders will see a change from the AR in 2024 to 2025.
Entry:
Far East Orchard: UK PBSA Part looks interesting. Explorative Stake . Will do more research in depth when i probably have some additional time i hope.
Straco: Usually would do well for Q3, so some speculative adding here. Tourist Numbers look ok.
Added:
Wee Hur: A sudden spike(to 50+ cents) and retracement(to 42 cents) after the announcement on a potential sale but it turns out to be early discussions.
Definitely I think adding more here is some what risky as it still is under a period of retracement following the initial hype and there might be more downside as the hype dies...but with the portfolio being up by around 27% this year. I guess i could afford to have some leeway to take some short term losses. There is also other positions that i can slowly divest off to add should it trend lower in the next few months if there is no announcements.
The risk to reward at current price is reasonable.
With the above actions, this brings my total exposure to stocks that has worker / student accomodations to 47%.
November should see some Q3 Updates from companies like Straco and Centurion
Concluding Thoughts
It has been close to.....4 years since this imaginary portfolio has been set up.
As i took a look at the initial positions and the positions now.....only 2 stocks have stayed there
They are Centurion (which i have added more in Aug 2023) and UMS (which i have not added or removed).
The initial other 8 stocks have all been removed.
I think this is testament to how serious i think about things and how i rotate things around...lol.
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