Dear readers, yesterday it was announced that Hutchinson Port Holdings Trust (“HPH”) would be taken off the Straits Times Index and replaced by Mapletree Commercia Trust. When I read the aforementioned news, I was not surprised at all since right from the IPO of HPH in year 2011, HPH stock price has dived from its USD$1.01 IPO price to some USD$0.156 (based on yesterday price today). I remember the fact so vividly as I was one of the investors who bought into HPH USD IPO back then in year 2011, only to be disappointed year after year with the Trust not making a recovery of the stock price to its IPO but also continued to head south in the stock price year after year.
The only saving grace of HPH Trust is its steady dividends but this is nothing as compared to the capital loss which many investors like myself have experienced on paper or in actual.
I was a novice investor when I bought into HPH Trust IPO, much driven by hype and hence I have since learnt my lesson ever since. I mean so often, investors have to pay some tuition fees before they learn what investing is all about. For me, I am glad that my tuition fee is not as much as what some investors would have paid.
It seems the Straits Times Index has more and more Reits and Trusts incorporated. I am not sure whether in the future, the index will be an equivalent of a index of Singapore-based Reits and Trusts.
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