$CapLand Ascendas REIT(A17U.SI)$ CapitaLand Ascendas REIT’s Distributable Income for FY 2024 increases by 2.2% year-on-year to S$668.8 million ▪ FY 2024 Distribution per Unit (DPU) rose by 0.3% year-on-year to 15.205 Singapore cents. This was supported by the full-year contribution from properties acquired and completed in FY 2023 and the portfolio’s robust operational performance. ▪ Portfolio occupancy was healthy at 92.8% and leases renewed in FY 2024 achieved a high positive average rental reversion of 11.6%. ▪ Our Singapore-anchored portfolio underpinned a stable valuation of S$16.8 billion.
January 2025 Update: DeepSeek Panic and Portfolio Performance
The U.S. stock market faced a wave of uncertainty in January 2025, driven by the rise of DeepSeek, a Chinese artificial intelligence lab. Their latest chatbot has sent shockwaves through the tech and investment communities. This new model not only rivals—and in some cases surpasses—OpenAI’s o1 in performance, but it’s also fully open source and achieves this breakthrough at a fraction of the cost. The implications are significant: DeepSeek’s low-cost, high-performance AI could disrupt the valuation of chipmakers, many of which have seen their earnings soar during the AI spending boom. Investors are now grappling with the potential for a market recalibration as the AI landscape evolves. Portfolio Performance: Staying the Course Amid the market turbulence, my portfolio ended January flat. I
I opened $LION OCBC HSTECH ETF S$(HST.SI)$ ,Followed previous trading day selling order, bought back 4000 shares, 3% profits. Hold HST, believe in Chinese High Tech, dream big.