Highlights
SGX: Fortune Reit HKD (F25U)       FORTUNE REAL ESTATE INV TRUST
Last Price Today's Change   Day's Range   Trading Volume
9.54   +0.10 (1.06%)  8.54 - 9.54  137,000

Overview

Avg Volume (4 weeks):53,835
4 Weeks Range:8.54 - 9.66
4 Weeks Price Volatility (%):
89.29%
52 Weeks Range:8.30 - 9.80
52 Weeks Price Volatility (%):
82.67%
Average Price Target: 10.90
Price Target Upside/Downside: +1.36

Headlines

Date Subject
26-Jan-2017 Fortune REIT posts DPU up 5% for FY16

Business Background

Fortune Real Estate Investment Trust (Fortune REIT) is a real estate investment trust. The principal activity of Fortune REIT is investment holding. The Company, together with its subsidiaries, is engaged in the owning and investing in a portfolio of retail shopping malls located in Hong Kong. Its properties include City One Shatin Property, Ma On Shan Plaza, Metro Town, The Metropolis Mall and Jubilee Court Shopping Centre. Fortune REIT housed a total of 1,017 tenants as at 31 December 2010. As of December 31, 2010, Fortune REIT owned a portfolio of 14 retail malls and properties in Hong Kong, consisting of approximately two million square feet of retail space and 1,660 car parking lots. Fortune REIT is managed by ARA Asset Management (Fortune) Limited, a wholly owned subsidiary of ARA Asset Management Limited.

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chezball Fortune reit prices have been on a decline lately and now it is trading at a 44% discount to the NAV! I think this counter is really undervalued and I am keeping a close eye on this counter. To read more about other undervalued reits, do check out my blog here .

Cheers.

http://wealthdirections.asia/singapore-reit-index-lowest-one-half-years-time-get/
09/02/2014 23:56


 

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