Why Buy? Part 1 – Income counters

“As it turns out, if you know why you bought a stock in the first place, you’ll automatically have a better idea of when to say good-bye to it.”

– Peter Lynch, One Up On Wall Street: How to Use What You Already Know to Make Money in the Market

I was grateful to be reminded of the above from a post in InvestingNote – “When do sell a stock?”. In the current volatile market caused by the numerous uncertainties, I decided to write a brief to remind myself of the reason why I buy each counter. These I hope will help me to make a better decision when I deliberate on buying and selling.

So here we I go with my income counters. In my next post, I will share on my growth counters.

Counter	Position	Reason for buying	First bought	Avg Price*
DBS	7.1%	A leading bank and am impressed by clarity of CEO’s thoughts when i viewed the latest AGM. Consistent/ growing dividend supported by growth.	Feb 2020	$21.28
Parkwaylife REIT	6.6%	Healthcare would continue to be a necessity in years to come. Good properties and first mover for Japan nursing homes. Stable and increasing dividend.	Sep 2015	$2.41
Micro-Mechanics	5.6%	Riding on the rise in use of technology in the coming years with diversified customers. Shareholder friendly with increasing dividend.	Oct 2019	$1.82
Mapletree Industrial Trust	5.2%	Continued transformation to hi-tech buildings and increasing percentage of portfolio in data centres which are necessity for many years.	Jan 2018	$2.03
OCBC	4.9%	Growing wealth management presence with an insurance arm. Sustainable dividend.	Oct 2018	$10.02
Frasers Centrepoint Trust	4.6%	Own good and large neighbourhood retail malls Causeway Point, North Point, Waterway Point. Stable dividend.	Jun 2016	$2.09
Mapletree Commercial Trust	4.6%	Good location for properties at Harbour Front and should benefit from its development in the coming decade.	Aug 2017	$1.84
Venture	4.4%	Among the largest 15 electronic manufacturing services company in the world. Good profit margin with diversified customers. Stable/growing dividend.	Nov 2019	$15.76
Ascendas REIT	4.0%	Industry leader with diversified portfolio. Stable dividend.	Jan 2020	$2.95
Capitaland China Retail Trust	3.6%	Early mover in China Retail Reit. Capable management that has enhanced assets’ values.	Feb 2019	$1.42
Keppel DC REIT	2.0%	Data centre is a necessity in the years to come. Stable/growing dividend.	Apr 2019	$1.58
HRnetGroup	1.6%	Cash rich with growth potential that should allow it to sustain its dividend.	Oct 2018	$0.72
IREIT Global	1.2%	European REIT that seems to be doing alright over the past few years. So should be able to sustain its dividend.	Jun 2020	$0.76
UMS	1.2%	Riding on the rise in use of technology in the coming years. Successfully turnaround JEP. Consistent with paying out dividend.	Jun 2020	$0.94