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har? go long term? ehh...how long? hee...was thinking of shorting it further ! :P then again...got any meat left ? hee... :D
trueview ( Date: 23-Sep-2009 11:50) Posted:
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buy some lah..draw out your fixed diposit and go for this..go for longterm..229+33=262 22.97/262=0.87x100%=8.7% ...i think wont go wrong for long term for this counter..
wow...2.67 ?!?!? NOW...this is REAL LOW after Ex-Right !!...wondering which BB is shorting/pushing the mother low to scoop up Rights ?!?!? :P very cunning :D
nt understand the newly bought malls in hk,the yield is pretty low.5over %?compare to present 10 %(yearly around 37 hk cents).tis will bring down the yield for the coming payout.still vest ..confidence of mr.lee company.maybe there is the hinder value..after the right the reit still commit more than 7% yield.base on today closing..
wow 3.60 siah !! new low eversince Rights announcement !! :D SHORT ?! :P
U got yr points. But for currency exchange, i thk we will still be in upper hand as after all Sing dollars has been much stronger against HK dollars compare to last time.
Anyway......see first.
Cheers.
el7888 ( Date: 05-Sep-2009 16:15) Posted:
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dearer0168, right issues will tight up my money for a month plus the risk of HK currency exchange. I will not consider to get in. I will prefer to look at another counter.
That means it worth around Sing $0.45 per rights (after conversion).
Btw still ok to go in now el7888??????????????? Seems like high up now the price.
el7888 ( Date: 31-Aug-2009 23:47) Posted:
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Hi dealer0168,
You pay HK$2.29 per Rights Unit.
dealer0168 ( Date: 31-Aug-2009 21:52) Posted:
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i dont really know about other brokerage firms, however poems does allow me to choose the mode of settlement (SGD or HKD)
dealer0168 ( Date: 31-Aug-2009 21:52) Posted:
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Btw, if to buy this one does it mean we pay in sing dollar. Current its price is HK dollar right?
FORTUNE REAL ESTATE INV TRUST
| RIGHTS Announced on 2009-08-24 |
| Particulars : | OFFER OF 1 FOR 1 @ $2.29 |
| Ex-date : | 15 Sep 2009 |
| Buy-In Last Cum Date : | 18 Sep 2009 |
| Record Date : | 17 Sep 2009 |
wah! funny...cheong to HK$3.78 despite downgrade and cut by analyst to HK$3.4 -$3.70 !! :P
wow...sink 10% to 3.67 on new of Rights issue siah !! :P phew !! wat a day!! :D
Its 2008 now and its share price has not moved much too. Perhaps there is unconfirmed inside information on its future development that is not released in the annual report. It might be interesting to take note of its sister reit, Prosperity REIT (also managed by ARA) listed on hongkong exchange. It is not alone as Prosperity is also giving out around 7% yield but its price is similarly moving in a tight range. Perhaps you can be patient and wait for a while longer.
Last traded at HK$5.70.($1.18 SGD) Annual Report 2005 valued it at HK$7.70 If you account for what has been happening to property in HK for 2006, it is probably another rare undervalued reit around. Yield is 5.6% based on 6.6 Sing cent. Portfolio of its property at www.fortunereit.com. One may think that it is leasehold properties of 40-50 years, there again China Retail is the same??!! Invested 60 lots for past 3 mths, hasn't see it moved???