Fortune REIT Fundamental Analysis
- Last Done Price = HK$7.77
- NAV = HK$11.87
- Price / NAV = 0.654 (35.6% Discount to NAV)
- Price / NAV (High) = 0.832
- Price / NAV (Low) = 0.566
- Distribution Yield = 5.8%
- Gearing Ratio = 33.2%
- Occupancy Rate = 98.1%
Fortune REIT Technical Analysis
Fortune REIT has dropped about 13% from the high of about HK$9.00 and currently just sitting on the 200D SMA support. Coincidentally this 200D SMA is also the 61.8% Fibonacci Retracement Support. Watch closely whether this support level holds. If yes, it may be a good entry level to those who are interest to invest in Fortune REIT for the 6% Dividend Yield.
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