First REIT & Fortune REIT Fundamental and Chart Analysis

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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