After the actions taken last month, I was left with some loose change. Decided to add more Straco at the beginning of the month before it went XD. Main reason to buy is the increased in dividend. Also, there are two upcoming development of its assets,
- Obtain approval to develop Chao Yuan Ge,
- Obtaining approval for renovation at Singapore Flyer
With the cash pile it has in its balance sheet, I think it is likely that it can sustain its dividend.
On the past Monday, I have also completely divested Kingsmen Creatives. Not impressed by its quarter one results, I decided to forgo this old favourite once again. Make a loss of about 2.6% for the stake bought last November and December.
Coming up – deploying the collected dividend.