Fortune Reit HKD   

Fortune Reit (HK)

well, i believe that this BABY is DEFINITELY UNDERVALUED!!! look which Reit is actually trading at a price so low as compared to the NAV??? I think that there is hardly any at all besides reits involved in commercial investment which might face downward pressure when more office area come out in the coming years. :D

So no matter what, i think that it is definitely going to go up for an extended period of time :D Join me if you are convinced by me :D

stedeguy      ( Date: 27-Mar-2010 20:06) Posted: IMHO, I think that we should not just look at success stories. As I mentioned in my previous posting elsewhere, dual listings are double-edged swords; it will no doubt raise the profile and awareness of the company, attract more investors, etc. but when the dust settles, people will want to see results or value, otherwise it will turn out to be another Asian Citrus. Remember, after the initial exuburence of the IPO hype, what is left will be the fundamentals. To me, the listing price represents a crude measure of how confident the management feels in a successful listing. It also indicates to the investing public the intrinsic value of the company. To an investor like me, these are definitely factors to consider in assessing whether a stock is worth keeping long term. I don't think that HK people are crazy at all. In fact, they are often known as "shrewd" or "geng" in business circles. By the way, that's what people say about LKS. Those who cause the price to surge intraday are speculators and it happens everywhere. Although big names are good for the perceived support, we should never blindly follow. They are not infallible in investing wrongly. Warren Bufffet, GIC, Temasek, Dubai Investment Holdings, etc spring to mind. rodney301      ( Date: 27-Mar-2010 18:20) Posted: well, the listing price is not too much of an issue over here. look at China XLX when it was listed in HK a few months back. The demand over there in HK is overwhelming. On the 1st day of listing in HK, if i can remember correctly, the price of China XLX SHOT up from around SGD 0.55 to the highest intraday of SGD 90 !!!. This is around 80 % gain in just ONE single day !!!. Those HK people are rather crazy and they will probably help to drive the price up. Which HK person does not know Mr Li-Ka Shing??? He is one of the RICHEST person in the WORLD and he has several companies listed in HK such as Hutchison Whampoa Limited and Cheung Kong Holdings. His name is like a triple AAA rating. well, people trust him and I am certainly one of them. So Cheung Kong Group which holds a stake in Fortune Reit will be a HUGE advantage in marketing the Reit as one which is reliable and forward-looking.

 

good company.....hopefully will chiong in the coming weeks and when listed in HK! vested ! cheers!

 

TP > HK 4.5.Let see together

 

IMHO, I think that we should not just look at success stories. As I mentioned in my previous posting elsewhere, dual listings are double-edged swords; it will no doubt raise the profile and awareness of the company, attract more investors, etc. but when the dust settles, people will want to see results or value, otherwise it will turn out to be another Asian Citrus. Remember, after the initial exuburence of the IPO hype, what is left will be the fundamentals.

To me, the listing price represents a crude measure of how confident the management feels in a successful listing. It also indicates to the investing public the intrinsic value of the company. To an investor like me, these are definitely factors to consider in assessing whether a stock is worth keeping long term.

I don't think that HK people are crazy at all. In fact, they are often known as "shrewd" or "geng" in business circles. By the way, that's what people say about LKS. Those who cause the price to surge intraday are speculators and it happens everywhere. Although big names are good for the perceived support, we should never blindly follow. They are not infallible in investing wrongly. Warren Bufffet, GIC, Temasek, Dubai Investment Holdings, etc spring to mind.

rodney301      ( Date: 27-Mar-2010 18:20) Posted: well, the listing price is not too much of an issue over here. look at China XLX when it was listed in HK a few months back. The demand over there in HK is overwhelming. On the 1st day of listing in HK, if i can remember correctly, the price of China XLX SHOT up from around SGD 0.55 to the highest intraday of SGD 90 !!!. This is around 80 % gain in just ONE single day !!!. Those HK people are rather crazy and they will probably help to drive the price up. Which HK person does not know Mr Li-Ka Shing??? He is one of the RICHEST person in the WORLD and he has several companies listed in HK such as Hutchison Whampoa Limited and Cheung Kong Holdings. His name is like a triple AAA rating. well, people trust him and I am certainly one of them. So Cheung Kong Group which holds a stake in Fortune Reit will be a HUGE advantage in marketing the Reit as one which is reliable and forward-looking.   stedeguy      ( Date: 27-Mar-2010 12:12) Posted: Hi, Anyone attended the AGM on Fri? Besides the passed resolutions, was there any guidance given on the listing price? Seems that the management is trying to keep things close to their hearts, unlike several other dual listings whose target list price was well published way ahead of time. I can think of Oceanus, Li Heng, etc.

 

well, the listing price is not too much of an issue over here. look at China XLX when it was listed in HK a few months back. The demand over there in HK is overwhelming. On the 1st day of listing in HK, if i can remember correctly, the price of China XLX SHOT up from around SGD 0.55 to the highest intraday of SGD 90 !!!. This is around 80 % gain in just ONE single day !!!.

Those HK people are rather crazy and they will probably help to drive the price up. Which HK person does not know Mr Li-Ka Shing??? He is one of the RICHEST person in the WORLD and he has several companies listed in HK such as Hutchison Whampoa Limited and Cheung Kong Holdings. His name is like a triple AAA rating. well, people trust him and I am certainly one of them.

So Cheung Kong Group which holds a stake in Fortune Reit will be a HUGE advantage in marketing the Reit as one which is reliable and forward-looking.

 

stedeguy      ( Date: 27-Mar-2010 12:12) Posted: Hi, Anyone attended the AGM on Fri? Besides the passed resolutions, was there any guidance given on the listing price? Seems that the management is trying to keep things close to their hearts, unlike several other dual listings whose target list price was well published way ahead of time. I can think of Oceanus, Li Heng, etc.

 

Hi,

Anyone attended the AGM on Fri? Besides the passed resolutions, was there any guidance given on the listing price? Seems that the management is trying to keep things close to their hearts, unlike several other dual listings whose target list price was well published way ahead of time. I can think of Oceanus, Li Heng, etc.

 

NAV is HK$ 5.33.  Distribution is HK30.2 cents per unit.  Price is still a significant discount to NAV and no sign of retracement.

commando      ( Date: 26-Mar-2010 22:49) Posted: any idea the NAV? just curious...... i rem HK$5.30. Correct me if i'm wrong

 

well, leo, the closing price is HKD 3.63. Looking at the interest rate of around 1 SGD to around HKD 5.525, it is around SGD 0.65 for each unit. One lot (1000 units) excluding commission fees and other fees imposed by other parties (such as SGX clearing fee) is around SGD 650.  

Div yield is the amount of dividend ( "interest" in layman's term ) in a year divided by the current price of that counter. Then convert it to percentage form. 

Well, DO CHECK OUT MY POSTINGS a few days back and you will see how i analyse the prospects of this BABY :D 

leoleo      ( Date: 26-Mar-2010 23:32) Posted: May i know 1 lot @ sgd price? what's div yield?...thx

 

well, i posted the NAV i saw in the report in one of my earlier postings. DO CHECK IT OUT :D if i can remember correctly, it is about HKD 5.20. that is a round 43% above the last closing price of HKD 3.63. :D still a HUGE bargain, guys!!!

I am probably going to go on accumulating this baby if there is a retreat. well, its something like a GREAT sales!!!. I can smell a GOOD bargain in buying this :D

Cheers to those vested :D 

commando      ( Date: 26-Mar-2010 22:49) Posted: any idea the NAV? just curious...... i rem HK$5.30. Correct me if i'm wrong

 

May i know 1 lot @ sgd price? what's div yield?...thx

 

any idea the NAV? just curious...... i rem HK$5.30. Correct me if i'm wrong

 

well done, commando. Great minds think alike. :D well i had posted quite a number of times over the past few days. This BABY has been going up for the past few days as well. Well, hopefully everything will turn out to be what i projected earlier :D

Cheers!!!:D

commando      ( Date: 26-Mar-2010 18:52) Posted:   Fully priced? really ah.....what other investors got to say? Further to the announcements dated 24 February 2010, 1 March 2010, 3 March 2010 and 22 March 2010 in relation to the proposed dual primary listing of Fortune Real Estate Investment Trust’s ("Fortune REIT") units ("Units") on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK") by way of introduction (the "Introduction") and the application for listing made to the SEHK on 22 March 2010 (the "Listing Application"), ARA Asset Management (Fortune) Limited, as manager of Fortune REIT (the "Manager"), is pleased to announce that the SEHK has on 25 March 2010 approved in principle the Listing Application.

 

haha. Hulumas, I really think that you are jealous that u didn't jump onto the bandwagon.  You should be the ONE watching out for the breakthrough of the price of this BABY!!! well, it is not too late to join in the party, hulu.

by the way, there are a SIGNIFICANT announcement by Fortune Reit today.

The quote is as below:

Further to the announcements dated 24 February 2010, 1 March 2010, 3 March 2010 and 22 March 2010 in relation to the proposed dual primary listing of Fortune Real Estate Investment Trust’s ("

 The link is as below:

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_CE5BF1F9C1B7A6EF482576F1007D44BC/$file/SEHK-AIP-Annc-260310.pdf?openelement

Fortune REIT") units ("Units") on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK") by way of introduction (the "Introduction") and the application for listing made to the SEHK on 22 March 2010 (the "Listing Application"), ARA Asset Management (Fortune) Limited, as manager of Fortune REIT (the "Manager"), is pleased to announce that the SEHK has on 25 March 2010 approved in principle the Listing Application.

Hulumas      ( Date: 26-Mar-2010 09:26) Posted: Good news is about fully priced in. Watch out! blurblurman      ( Date: 26-Mar-2010 09:22) Posted:   PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF – APPROVAL IN PRINCIPLE OF THE STOCK EXCHANGE OF HONG KONG LIMITED THE STOCK EXCHANGE OF HONG KONG LIMITED

 

 

Fully priced? really ah.....what other investors got to say?

Further to the announcements dated 24 February 2010, 1 March 2010, 3 March 2010 and 22 March 2010 in relation to the proposed dual primary listing of Fortune Real Estate Investment Trust’s ("Fortune REIT") units ("Units") on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK") by way of introduction (the "Introduction") and the application for listing made to the SEHK on 22 March 2010 (the "Listing Application"), ARA Asset Management (Fortune) Limited, as manager of Fortune REIT (the "Manager"), is pleased to announce that the SEHK has on 25 March 2010 approved in principle the Listing Application.

 

 

Good news is about fully priced in. Watch out!

blurblurman      ( Date: 26-Mar-2010 09:22) Posted:   PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF – APPROVAL IN PRINCIPLE OF THE STOCK EXCHANGE OF HONG KONG LIMITED THE STOCK EXCHANGE OF HONG KONG LIMITED

 

 

PROPOSED DUAL PRIMARY LISTING ON THE MAIN BOARD OF – APPROVAL IN PRINCIPLE OF THE STOCK EXCHANGE OF HONG KONG LIMITED

THE STOCK EXCHANGE OF HONG KONG LIMITED

 

well, its not a chance. Its probably a HUGE chance. Refer to my earlier detailed postings. Look, the property investment portfolio of Fortune Reit consists of ALL HK properties (if i can remember correctly). It is probably the ONLY Reit with properties located overseas and yet does not list in that country. I do believe that i saw an article that HK watchdogs are probing into new listings as they think that some compainies will weak balance sheets or fundamentals are aiming to list in HK because of the higher valuations there.

However, it you look at the cash balance, net gearing and price/book(NAV) ration of Fortune Reit, you will find that it is one with a GOOD balance sheet and fundamentals. It is backed by one of Asia's richest man, Mr Li Ka Shing as i mentioned earlier  in my postings. He personally is a HK businessman and has a few companies listed in HK. So getting Fortune Reit to list is probably not a problem.

Just read a US article on US Fed Chairman Mr Bernanke saying that the US goverment fiscal condition is "somewhat dark". Well, this coupled with the uncertainty and sustainability of the euro and Greece is definitely an indication that defensive stocks might be one of the best picks for the moment.

Well, I mentioned earlier, the USD will probably go up and the H KD will go up as well. As we see more interest rates hikes this year, people will be affected by higher borrowing costs and will switch to defensive stocks and probably HKD will go up when the central government announces interest rates hike.

Just some of my personal opinions

commando      ( Date: 25-Mar-2010 08:16) Posted: what the rate of listing in HK? with the support of parent company, i think there is a chance rite

 

It is not my investing field, just simply too big to push and pull!

commando      ( Date: 24-Mar-2010 16:32) Posted: I tot you should help me to push it up to minimise my loss??????

 

what the rate of listing in HK? with the support of parent company, i think there is a chance rite

 

nowadays markets are getting too uncertain. With every good news, a bad news is sure to follow. Look at how Portugal is being downgraded and the huge effect on the euro. Anyway, forex traders are shorting the euro and longing the USD right now. This will be a great thing for me as the HKD will usually appreciate. Look at the exchange rate now. 1 SGD to around 5.185 HKD. A few days back, it was 1 SGD to around 5.55 HKD. This counter allows you to have capital, dividend AND forex gain!!!

My personal top sector pick for these coming 3 months is the defensive stocks such as REITs as we might get more fiscal or financial shocks in the coming months. This is definitely my TOP choice among all. Just waiting to see if it can sucessfully get itself introduced to HK.  

Cheers to those who invested in this BABY!!!