[Brokerage Focus] BOCOM INTL maintains Buy rating on Fortune Real Estate Investment Trust (00778), expects its entry into Hong Kong Stock Connect this year may become a catalyst for stock price.

Jinwu Financial News | BOCOM INTL released a Research Report indicating that Fortune Real Estate Investment Trust (00778) reported a slight year-on-year revenue decline of 2.2% to HKD 1.746 billion, with net property income decreasing by 3.6% to HKD 1.253 billion. The dividend per unit for 2024 is projected to fall 11.9% year-on-year to HKD 0.3559, which is generally in line with the market expectation of HKD 0.36. Performance stabilized in the second half of the year, with revenue/net property income for the latter half of 2024 only slightly declining by 0.3%/1.2% to HKD 0.875 billion/HKD 0.62 billion. The occupancy rate for the Retail Trade sector in Hong Kong is expected to rise by 0.6 percentage points to 95.0% in 2024.

Jinwu Financial NewsMar 5 20:29 ET

Hong Kong stock morning report | The USA fires the first shot in a comprehensive trade war, the three major US stock indices fall while Chinese concept stocks rise against the trend.

① The USA's tariff measures against Mexico and Canada officially took effect on Tuesday, after which both Canada and Mexico launched a comprehensive counterattack. The US Secretary of Commerce stated that Trump is considering reducing some tariffs on Mexico and Canada. ② China has continuously introduced countermeasures against the USA. ③ Zelensky stated he is ready to sign agreements with the USA regarding minerals and security at any time. ④ The three major US stock indexes fell on Tuesday, while most China Concept Stocks rose against the trend.

cls.cnMar 4 18:16 ET

Fortune Real Estate Investment Trust (00778) will distribute a final dividend of 17.36 Hong Kong cents per unit on April 25.

Fortune Real Estate Investment Trust (00778) announced that it will distribute a final dividend of 17.3 per unit on April 25, 2025...

Zhitong FinanceMar 4 03:45 ET

Fortune Real Estate Investment Trust (00778) announced its 2024 performance, with property income net amount declining by 3.5% year-on-year to 1.2533 billion Hong Kong dollars.

Fortune Real Estate Investment Trust (00778) announced its 2024 performance, with total revenue decreasing by 2.2% year-on-year to 17...

Zhitong FinanceMar 4 03:40 ET

Express News | Fortune Real Estate Investment Trust Final Dpu of 17.36 HK Cents for Year

ReutersMar 4 03:34 ET

Express News | Fortune Real Estate Investment Trust FY Adjusted Operating Expenses HKD 454.2 Million

ReutersMar 4 03:33 ET