tag:blogger.com,1999:blog-7944902213075756335.post7443682148674480165..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Fortune REIT: Price plunged to HK$5.60 a unit.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7944902213075756335.post-60503077561929804612014-04-03T11:20:41.183+08:002014-04-03T11:20:41.183+08:00Hi redponza,
Thank you very much for your comment...Hi redponza,<br /><br />Thank you very much for your comment. I am sure all of us appreciate it very much. You have certainly given us a more complete picture of what is the reality in Hong Kong. :DAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83964180671629608932014-04-03T10:24:15.466+08:002014-04-03T10:24:15.466+08:00To add a sidenote:
-a significant portion of the ...To add a sidenote:<br /><br />-a significant portion of the shops inside Fortune REIT's malls are supermarkets, schools, banks etc which are consumer staplesredponzahttps://www.blogger.com/profile/12482736417233080153noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27205408544941630052014-04-03T10:15:18.132+08:002014-04-03T10:15:18.132+08:00I think I really should comment on this post as I ...I think I really should comment on this post as I am from HK and is staying in HK.<br /><br />Disclaimer: Fortune REIT is one of the largest REIT in my portfolio and of course I got in at a much lower level that its current price.<br /><br />Introduction<br />-this counter is about shopping mall (much like Frasers Centrepoint), not premier shopping mall but rather shopping mall for daily redponzahttps://www.blogger.com/profile/12482736417233080153noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55001154771517797472014-03-25T18:32:14.592+08:002014-03-25T18:32:14.592+08:00Just remembered that FR was one of my key REITs co...Just remembered that FR was one of my key REITs counter, when I started investing few years ago. Reason is that i had visited a few of the properties held, have good human traffic. therefore shops should have no prob being taken up. <br /><br />Entry price was like S$3.30 or something and it shot past $4, when I let go @ $3.95. My 1st profit taking ever. Reason for letting go, the HKD is SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90727851167680973562014-03-24T13:27:35.787+08:002014-03-24T13:27:35.787+08:00Hi SnOOpy168,
Yes, my friends there also say that...Hi SnOOpy168,<br /><br />Yes, my friends there also say that the rental yields are so low that it really does not make much sense to buy the properties.<br /><br />This is why Fortune REIT has to trade at such a big discount to the NAV in order to offer an attractive enough distribution yield. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30260549714053749482014-03-24T12:39:34.475+08:002014-03-24T12:39:34.475+08:00HK properties are not for the faint hearted, where...HK properties are not for the faint hearted, where certain group of buyers can show up with bag full of cash to pay and leverage is barely needed. My local friends there resigned to the fact that they are most likely nett renters or stay with parents until next available option. <br /><br />Plus their land title lease is only 33 years (50 years after 1997). Would you buy had this kind of propertySnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8155749602914752432014-03-23T22:38:31.803+08:002014-03-23T22:38:31.803+08:00Hi Yee,
I believe that things are looking toppish...Hi Yee,<br /><br />I believe that things are looking toppish for Hong Kong and, also, Singapore. However, this is where I hope that my bowling ball will be more crystal ball like for once. LOL. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11100371862873009052014-03-23T21:35:08.411+08:002014-03-23T21:35:08.411+08:00I think HK is facing head wind.... the chinese has...I think HK is facing head wind.... the chinese has been selling their luxury apartment at below market price....<br /><br />Most of the malls are selling high end branded stuff and as we witness the reduction in chinese spending, the mall may be in trouble...<br /><br />Super Lee is quick to sell Watson and other HK assets but our Temasek is going in to buy???<br /><br />Personally i am not very Forex Guruhttps://www.blogger.com/profile/07038750232911100863noreply@blogger.com