I further reduced my stake of Singapore Shipping for 33 cents. I sold 10 lots and is left with only 10 now.
As for China Merchant Pacific, I have divested completely.
It is not actually a easy decision for these 2 counters
I believe singapore shipping to be a dividend grower. Perhaps increasing dividend to 1.5 cents and then further to 2 cents when all the new brought ships bring in the charter income.
Assume 2 cents dividends, it's a very decent 6% yield at current price and a good 8% yield at cost.
I however decided to lock in 4 years worth of 2 cents dividends as profits.
It's ok if it go up further, in fact, the day high is 35 cents. I still have 10 lots :)
The same goes for CMPH, I was lucky to have already taken 1 year of dividend from it. Capital gain is another 4 years. If u tell me this bull run has legs for another 4 years, I personally do not buy it.
I am being opportunistic here. I hope to get back the counters at my original buying price within the next 1-2 years.
Anyway, what's goes up have to come down. We had it good, I am not sure how many good years we will have and how good they are. If STI go beyond 4000, think I will be banging my head but still happy :)
I guess there is nothing wrong with taking profits.