As I said, if US try to unpeg the HKD, it will be the beginning of the end of USD unofficial status as world reserve currency. (but actually this may not be a bad thing to the world in the longer run).

Tq for opinions,... appreciated it,....

It's because US has much more to lose if unpegging takes place at this junction of time. DT better listened to his advisors not to proceed for now.

IF, in future given all the stars whatnots aligned to their favor, we may see US revisit this issue again.

In the meantime, I have re-entered HKEX again since last week..

agree, if they also continue pressure china companies to de-list from us market and switch to hkex, it's detrimental to usd but may not be a bad thing for the world too.

Shanghai dropped 4.5% today! HSI dropped 2%. This is despite not too bad GDP data coming out of China.

Is this the start of another bear market? 🤔

Link enters Europe!

Hooray.

https://www.linkreit.com/en/media/news/110

Regulatory Announcement: https://www1.hkexnews.hk/listedco/listconew...20072600037.pdf

Presentation Slides: https://www.linkreit.com/linkcorp/api/v1/fi...nal_Website.pdf

Their major tenants are Morgan Stanley (Investment Bank) and the UK Competition and Markets Authority (CMA).

Background news: https://www.mingtiandi.com/real-estate/outb...ys-european-hq/

This post has been edited by TOS: Jul 26 2020, 09:25 PM

Isn't there a risk that if the UK economy continues to deteriorate, the UK Govt may decide to be more prudent and cut down on number of premises rented ? After all,... usage of net today for govt matters is surfacing everywhere,...

There is such risk, as stated in the regulatory announcement. But Canary Wharf's rent is actually cheaper than major London areas. And the fact that CMA is a finance-related tenant which has to "serve the markets and check for competitions" means it's a stable tenant as it needs to operate all year long. (M&As happen all the time, plus Morgan Stanley, just below CMA's office, is always on the looks for M&A fees to earn). Both looks like stable, anchor tenant to me.



I would worry more about the retail tenants at the ground floor, but that does not account for a significant portion of rent collected.



This post has been edited by TOS: Jul 27 2020, 02:26 PM

Tks bro...

Having read the above,... I'm adding here that I'm wary too abt the tenant of an SG-listed REIT, namely Elite Commercial Trust. It's sole biggest tenant is the DWP Ministry of the British Govt,...

Just wanted to size-up on this similar risk that Link REIT is exposed to here,.. our premises being rented to the British Govt.

hi bro,

u know hkex well... like to ask u if u have already come across any news about any new etf that tracks the new HSTECH (hang seng technology) index yet.

likely not yet as this index debuted only last monday.

if u ever come across a new etf, pls shout... i may be interested. TQ!

https://www.scmp.com/business/banking-finan...seng-tech-index

https://www.cnbc.com/2020/07/29/hong-kong-h...-companies.html

As far as i know there will are no etfs currently tracking the index. Guess they still working on it.

thanks.

any news, pls shout!

Ok bro,... will alert if I hear anything that may be listed soon. I think the HKeX may want to wait for a few more big techs to go list there first before they start with such an ETF,...

Hang Seng Bank performance: https://www.hangseng.com/en-hk/about-us/inv...s-announcement/

HSBC's profits slump 65% amid coronavirus downturn

https://finance.yahoo.com/news/hsbcs-profit...-043745547.html

Damn.. Now Trump targeting Tencent..

Hopefully this guy lose the election.

Top-up my Chindia fund today. Anyone top-up Tencent and the likes?

Tencent Revenue less than 5% from US. So i guess a bit overreact? Hmm

I just switching some of my under perform stock to this

This post has been edited by foofoosasa: Aug 7 2020, 05:36 PM

There could be more nastiness as the US Nov elections become closer.

Im saving my cash until that time.

I also bought some tencent. I wonder how low it will go....

thinking of getting Link reit as well next time it goes below 58.

This post has been edited by moosset: Aug 11 2020, 10:26 AM