$Wilmar Intl(F34.SI)$ Profit taking. Will monitor when go back in again. Stock price is undervalue consider the asset value of subsidiary and main company combined
$Sasseur Reit(CRPU)$ https://www.dbs.com/content/article/pdf/AIO/042025/250415_insights_singapore_reits_fortune_rewards_the_brave.pdf Out-of-favour S-REITs with mis-priced risk present an opportunity. A FY25F 6.7% yield (between -1 to -2SD) level implies that earnings risks are substantially priced in. Even at an assumed further 15% cut in distribution rates, we see opportunities to pick up names within overseas retail, industrial, and office that face near-term earnings risk that would be likely priced in. Longer term investors could see strong alphas in the likes of MPACT, Sasseur, FEHT, and FLCT.