OCBC Wing Hang maintains a "buy" rating for Champion Real Estate Investment Trust (00778) with a target price of HKD 5.27, downgraded from the previous target price.
DBS released a research report stating that the stock price of Fortune Real Estate Investment Trust (00778) has fallen by 9% in the past two months due to Hong Kong people's outbound travel and interest rate fluctuations, but believes that the negative factors have been absorbed. It also pointed out that the dividend yield of the company for the fiscal year 2024 to 2025 is 9.5%, maintaining its "buy" rating on the company, and lowering the target price from HKD 6.31 to HKD 5.27. The report stated that even though rental incomes for education, household goods, and dining tenants are positive, rental incomes for supermarket, bank, and real estate agency tenants are expected to decline, leading to a decline in rental income for Fortune Real Estate Investment Trust, and coupled with a high cost-income ratio, rental income will decrease.
DBS: Lowered the target price of Fortune Real Estate Investment Trust to HKD 5.27 and maintained a "buy" rating.
According to DBS's research report, while rents for education, household goods and dining tenants are positive, the continuing decline in rents for supermarket, bank and real estate agency tenants is expected to drag down the rental income of Fortune Real Estate Investment Trust. In addition to high cost-income ratios, rental income will decline. Taking into account the high cost of cash financing, the bank expects the distribution per fund unit (DPU) for fiscal year 2024 to fall by 12%. DBS also mentioned that the renovation work for phase 2 of the Laguna City has been completed in June, and nearly 90% of the renovated area has been leased. The renovation plan for Hung Hom Fortune Metropolis is proceeding smoothly, and the capital budget for the entire renovation project is currently...
OCBC maintain buy rating for Fortune Real Estate Investment Trust (00778), target price lowered to 5.27 Hong Kong dollars.
DBS believes that negative factors have been digested and points out that the dividend yield of Fortune Real Estate Investment Trust (00778) for fiscal year 2024-2025 is 9.5%.
Fortune real estate investment trust (00778): The English name of the manager has been changed to "ESR Asset Management (Fortune) Limited".
Fortune Real Estate Investment Trust (00778) has announced that the English name of the trustee has been changed from "ARA Asset M...".
Zhifu Industrial Trust (00778) issued 6.557 million fund units to pay basic expenses for managers
Zhifu Industrial Trust (00778) announced that the fund will issue 6.557 million units on April 22, 2024...
Fortune Real Estate Investment Trust: Annual report 2023
Winzen : When will we see 6 again
HappyGotLucky OP Winzen : At the moment, I am happy to keep at $4 until the next dividend payout
Winzen : Well the interest rate in HK is way too high, can only hope the US core cpi goes down quickly