Busy month for me as I was flooded with work... just did Grab last weekend so didn't manage to pull out some time to write here :x
Anyways market sank once further cos of the Israel-Hamas war. Nations have already started to take sides. Worries about oil supply spread worldwide and thus pushed up oil prices.
REITs seem to be nearing record lows. My REITs bled further and I don't even dare to look at the prices now.. cos it seems I can't do anything to the price movement. Opportunities lay open for traders to play shorts. YZJ, Seatrium, even Sembcorp.
Anyway as mentioned I didn't track my stock movement cos I doubt I have the means to do anything. Attended Lendlease AGM on the last day of the month. Something interesting to note: Lendlease's rationale to acquire assets at this juncture signals that they are going aggressive, they don't intend to play defensive, and they are going to ride out high interest rates with even higher revenue.
Apparently from some of the other REITs announcements, they seem to be applying this same strategy. So... that's an early sign to me that REIT managers have adjusted their strategy towards more organic growth that it outgrow the cost of financing.
If this is true, means from fundamental aspect, may be a good time to enter (for those who are at this milestone).
2 more months to go.... I intend to go defensive and not plan any trades. I think I dun dare to go into trading as I'm super weak at spotting buy/sell calls.
