Mapletree Commercial Trust owns a popular mall and 2 business parks in the southern part of Singapore. I bought a small 2-3% position during the 2020 crisis, but never had a chance to buy more. Turns out to be lucky. They recently announced a disastrous merger to bail out their HK based sibling. I don't like the new properties injected (office and discretionary retail), and its too small a position to investigate all these properties scattered around Asia. I sold it today, taking a small 18% profit, excluding dividends.
For me, its changed from a "buy-and-hold-forever" stock to a "buy-if-cheap" stock. The number of good companies on SGX grows smaller day by day.
Bought a 4.5% position in gold when it was oversold the past few days. Hoping to get up to 10%.
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