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REITs, quoted in HK : Fortune, Sunlight, Champion, LINK, etc

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REITs, quoted in HK : Fortune, Sunlight, Champion, LINK, etc

 

Was wondering if there were any views on REIT's in particular those based in HK (as I am "HK based"), e.g. Fortune REIT, Sunlight REIT, Champion REIT.

My feeling is that US property is a better bet at the moment, as HK seems quite frothy? Do US REIT's exist?

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QUOTE (14k @ Oct 4 2010, 12:26 AM) <{POST_SNAPBACK}>
Was wondering if there were any views on REIT's in particular those based in HK (as I am "HK based"), e.g. Fortune REIT, Sunlight REIT, Champion REIT.
My feeling is that US property is a better bet at the moment, as HK seems quite frothy? Do US REIT's exist?

Sure, there are many Reits in the US and they tend to trade on a yield basis, which could be dangerous, if earnings fall.

== Unquote ==

Here are charts on the ones you have mentioned:

Champion REIT / HK:2778 .. update (chart lost)

Fortune REIT / HK:778 .. update (chart lost)

Sunlight REIT / HK:??? .. update

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Li Ka-shing's China-based REIT may benefit from this weekend's drop in interest rates:

 

HK-87001 / Hui Xian REIT ... update : 6-mos : At Y 3.52,

the historical yield is reported as 7.22% (ie. = 0.254)

 

HuiXian_zpsys1wuega.gif

 

To boost growth, HX-Reit is buying a mixed-use development in Chongqing for 3.91 bn Yuan (HKD 4.84 bn).

It will be rebranded as: "Metropolitan Oriental Plaza"

 

REIT income available for distribution for 2014 grew by 8% from a year earlier, to 1.36 bn:

 

Total revenue -- : 12.96 fen : up 3.5%

Final distribution : 25.67 fen - 7.38% on year-end 3.48 yuan

Annual revenues : 2.8 billion yuan : up 3.1%

 

I believe the REIT is quoted in CNY

 

CNY fx rate ... update :

CNY-log_zpsf3erqiry.gif

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The HKD-quoted REITS

 

 

Champ: hk2778 : $3.75 x 5.54% = 0.208 / PE: 32.37

Fortune : hk778 : $8.81 x 4.72% = 0.416 / PE: 4.188

Link ---- : hk823 : 49.95 x 3.59% = 1.793 / PE: 4.235

Sunlight : hk435 : $3.98 x 5.28% = 0.210 / PE: 4.300

Champion REIT / HK:2778 . update : 6mos : $3.75 x 5.54% = 0.208 / PE: 32.37

Reit-Champ_zpswygrtxhg.gif


Fortune REIT--- / HK: 778 .. update : 6mos : $8.81 x 4.72% = 0.416 / PE: 4.188

Reit-Fort_zpsy77k4x5l.gif

LINK REIT------- / HK: 823 .. update : 6mos : 49.95 x 3.59% = 1.793 / PE: 4.235

Reit-Link_zpsroqptrsm.gif

Sunlight REIT--- / HK:435 .. update : 6mos : $3.98 x 5.28% = 0.210 / PE: 4.300

Reit-SunL_zpsa3gqvfd7.gif

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Falling RMB*... will impact the valuations of shares with RMB income...May be dragging

 

Hui Xian (HK-87001), a China REIT, to a fresh low soon

... update : 12-mos : 10-days : Last : 3.37 - 0.03 - 0.88% (52wk: 3.29 - 3.57) / Yield: 8.09% / PE: 17.57

 

HK87001_zpskjmf60gy.gif

 

There was an article about Hui Xian in today's SCMP

 

Sector's outlook challenging, says REIT - pg. P1

 

+ Hui Xian is the first yuan-denominated REIT listed in HK

 

 

+ Core asset is: Oriental Plaza, an 800,000 mixed use development in Beijing

+ Also owns: a hotel in Shenyang, and a shopping mall in Chongqing

: New Metro Oriental Mall In Chongqing, cost Rmb 3.91bn, completed on March 2nd

: Contributed Rmb 38mn; CQ's no.1 mall, with "improving" tenant mix

+ In first half, HX reported a 9.8% rise in net property income to Rmb 1.03 bn / Hkd $1.28 bn

+ Distribution rose 10.1% to Rmb 730mn - annualized yield was 7.9%

+ Office, retail, serviced apts, were up, but the hotel income was down (-3.6% ave rm: Rmb 1,540)

 

===== =====

USDCNY / Chinese Yuan (CURRENCY) ... update : Further to go? 6.60 - 6.70 maybe

6.4263 arrow_up_sm.gif +0.1008 : + 1.59%

CNY_zpsixjgctio.gif

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Hui Xian vs. Hang Lung Companies

 

(Hui Xian and HL-Props track each other!)

 

Symbol : Co.------ : Price-- : PE-R. : Yield% : Div. ? : Earn? :

87001 : Hui Xian- : #03.36 : 17.52 : 8.11% : #0.27 : #0.00 :

HK10- : HL-Group: $33.65 : 6.981 : 1.13% : $0.38 : $0.00 :

HK101 : HL-Prop. : $20.00 : 7.937 : 1.70% : $0.34 : $2.52 :

HK101 : @ target : $17.50 : 6.940 : 1.94% : $0.34 : $2.52 :

 

HK:87001 / Hui Xian vs. Hang Lung Cos. ... update

HuiX-v-HangL_zpsnewzkmqn.gif

 

Hang Lung Group could hit $17-18 - and a possible yield of 1.94 % - PE 6.9

 

HK-101 : Hang Lung Group ... update : 3-yrs : 10-d

 

HK101_zpsaq9rgr4c.gif

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I'm Not Surprised by the drop, just surprised we got her so quickly

 

Global markets plunge as Chinese stocks suffer biggest one-day fall since 2007

By Jane Onyanga-Omara August 24, 2015 2:46 am

epa-china-stock-market1.jpg?w=1000&h=643

Investors chat while monitoring stock data on an electronic board at a securities brokerage house in Beijing, China on August 24, 2015. EPA/ROLEX DELA PENA

Global shares plunged Monday with China’s Shanghai composite index suffering its biggest one-day fall since 2007 to close 8.5% lower as investors shaken by last week’s sell-off on Wall Street and fears over China’s slowing economy unloaded shares.

The benchmark closed at 3,209.91, its biggest one-day loss since an 8.8% drop on Feb. 27, 2007.

Hong Kong’s Hang Seng index fell 5.2% to 21,251.57 and Japan’s Nikkei 225 index dropped 4.6% to 18,540.68.

==

> http://americasmarkets.usatoday.com/2015/08/24/asian-markets-plunge-as-wall-st-declines-fuel-more-sell-offs/

 

CN-SHcomp / Shanghai Composite ... update - Targeting 2,700 now

SHANG_zpsafokxt2s.gif

 

Is opportunity knocking yet, on some of the HK shares I am tracking

 

HK:101 / Hang Lung- Props. .... update : At $17.== HL_Properties is looking pretty interesting

HL-101_zpsd3tnqm6r.gif

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