Fortune REIT: Undervalue REIT for Dividend Investing

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Fortune REIT (HK$)

  • Last Done Price: $4.11
  • NAV: $7.8325
  • Price / NAV: 0.5247
  • Dividend Yield: 6.38%
  • Gearing Ratio: 18.8%

Summary: Undervalue, good distribution yield and strong balance sheet.

 Comparison Tables with other REITs in Singapore.

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Can You Spot Undervalue Singapore REIT for Dividend Investing?

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Update from previous post on Singapore under-value REITs comparison.

To my WAIIC team member, we can review this list for detail analysis in the coming March meeting.

A few things to review:

  • Lease Expiration
  • Debt Refinancing
  • Occupancy Rate
  • Sustainability of the Rental Income
  • Technical Chart Analysis (Trend)

 

 

 

 

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First REIT & Fortune REIT Fundamental and Chart Analysis

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Follow up from Singapore Undervalued REITs Comparison.

First REIT

  • Last Done Price: $0.795
  • NAV: $0.7773
  • Price / NAV: 1.0288
  • Dividend Yield: 8.254%
  • Gearing Ratio: 16.4%

First REIT is on a nice uptrend with fair value + good dividend yield + low gearing. I will give it a pass now and wait for First REIT to go undervalue. Target locked on!

 

 

Fortune REIT HK$

  • Last Done Price: $3.69
  • NAV: $7.5042
  • Price / NAV: 0.4917
  • Dividend Yield: 6.56%
  • Gearing Ratio: 18.1%

Base on the chart, Fortune REIT appears trading on the down trend as the 200D MA is sloping down. The stock seems that has failed to break the 200D MA resistance and bounced down. Fortune REIT is undervalue, low gearing with good dividend. Target locked on! Wait for the bearish trend disappear and reverse to uptrend.

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