Fortune Real Estate Investment Trust

Updated: 17-07-2018 by Analyst 6

Fortune Real Estate Investment Trust

Industry: Investment Holding

Country: Singapore

Quote: SGX: F25U

Currency: HKD

Summary Profile

Fortune Real Estate Investment Trust (Fortune REIT) is a real estate investment trust. The principal activity of Fortune REIT is investment holding. The Company, through its subsidiaries owns and invests in a portfolio of retail shopping malls located in Hong Kong. It holds a portfolio of approximately 20 private housing estate retail properties in Hong Kong consisting of approximately three million square feet of retail space and 2,710 car parking spaces. Its retail properties include Fortune City One, Fortune Kingswood, Fortune Metropolis, Ma On Shan Plaza, Metro Town, Laguna Plaza etc.

Health

Bulle8 Rating:

6.0 - 6.99

Latest FY:

updated: 17-07-2018

Valuation

P/E Ratio:

5x - 10x

Cheap

updated: 17-07-2018

Timing

RSI Score:

45 - <60

Interest in stocks is mixed and may experience volatility. Watch the trend in the next few weeks in terms of volume, fundamentals and newsflows.

updated:17-07-2018

Investment Review

Outlook:

Expected price movement direction in next 20 days is

Downwards

Recommendation:

Not now

Average holding period (month):

>4-5 months

Average returns
(non-anualized %):

>9% - 11%

Target entry price (HKD):

9.53 - 9.55

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