[Brokerage Focus] BOCOM INTL initiates a Buy rating for Fortune Real Estate Investment Trust (00778) with a Target Price of HKD 5.86.

Jinwu Financial News | BOCOM INTL released a research report indicating that, by Market Cap, Fortune Real Estate Investment Trust (00778) is currently the third largest Real Estate Investment Trust listed on the Hong Kong Stock Exchange. As of the first half of 2024, Fortune Real Estate Investment Trust owns approximately 3 million square feet of retail investment portfolio focused on Hong Kong, with over 72% of tenants belonging to the daily necessities Industry. The firm believes that Fortune Real Estate Investment Trust has multiple investment advantages and stock price drivers, including stable profit outlook, undervaluation, further interest rate cuts, and potential inclusion in the Shanghai-Hong Kong Stock Connect which is beneficial for REITs' valuation. The firm believes Fortune Real Estate Investment Trust's rental income.

Jinwu Financial NewsDec 12 20:07 ET

Zhitong Hong Kong Stock Shareholder Equity Disclosure | December 11

Disclosure of shareholder equity in Hong Kong stocks | December 11.

Zhitong FinanceDec 10 19:05 ET

Fortune Real Estate Investment Trust (00778) pays basic fees of 5.3045 million fund units to Fortune Asset Management.

Fortune Real Estate Investment Trust (00778) announced that on October 10, 2024, it will issue fund units to Fortune Asset Management...

Zhitong FinanceOct 10 05:11 ET

FORTUNE REIT: Interim Report 2024

HKEXSep 16 05:21 ET · Announcements

Fortune Real Estate Investment Trust (00778): Mr. Zheng Huimei has resigned as the company secretary of the trustee.

Fortune Real Estate Investment Trust (00778) released an announcement that Zheng Huimei has resigned as the company secretary of the trustee, with effect from 202...

Zhitong FinanceSep 13 05:13 ET

Bocom Intl: Fortune Real Estate Investment Trust's performance is stable in the first half of 2024, with a dividend yield of nearly 10%.

Bocom Intl released a research report stating that Fortune Real Estate Investment Trust (00778) had a 0.6% QoQ decrease in performance revenue in the first half of 2024, to HKD 0.872 billion (compared to HKD 0.877 billion in the second half of 2023). Net property revenue increased by 0.9% QoQ to HKD 0.633 billion (compared to HKD 0.628 billion in the second half of 2023). DPU for the first half of 2024 was HKD 0.1823 per unit, roughly in line with the market expectation of a full-year DPU of HKD 0.36. The report also states that Fortune has a dividend yield of nearly 10%. The first half of 2024 showed stable performance, roughly in line with market expectations, in the face of increasing consumer demand from the north.

新浪港股Aug 7 22:01 ET