Link REIT seems to be climbing up for the past few days. Today up about 1% The worst is over?

Their portfolio tends to be more resilient during though times as they mainly service public housing community. And they show good move in diversifying their portfolio into developed markets like Australia (with the purchase of 100 Market Street) recently.

I am aware of Fortune REIT but didn't have much holdings in it. Link is more established than Fortune and has been a favourite stock for dividend-hungry investors for years. I love its low gearing in particular, probably the lowest among all high quality REITs in SG and HK.

That said, Link has a very bad reputation in treating the underprivileged tenants in the past. A very immoral company. Too bad I have too little shares to voice out for them...

So, you prefer Fortune over Link? Why?

Link REIT up another 1% today! Shanghai and Hang Seng index a little red.

Who knows if it can dip below 75 HKD?

Everyone is afraid of virus. Nonsense. Viruses are everywhere. It's not like people don't need to eat or drink when SARS hit in 2003. Markets are too efficient at digesting information! It seems.

As said earlier, I am currently purchasing through mutual funds, which as some members claimed, are expensive.

No plan to open a brokerage account yet, as I am too poor to even pay for the deposit for opening an IBKR whitelabel account.

if I were to purchase through Manulife AP REIT, I need to wait for BOTH HK and S-REITS to go red, then only before 3pm on that day, I will purchase the units. That's what I did for the past few months.

For me personally, I will go long on S-REITs as Singapore is politically stable and most S-REITs are now in active acquisition (most of which are DPU accretive) in the midst of low interest rate. I would expect the benefits to be reaped in the future, so AP REIT quite suits my taste.

That said, HK-REITs like Link REIT should be pretty resilient in time to come though the risk of privatization is high (if they keep squeezing money out of the underprivileged public housing community). Yuexiu REIT has quite a number of properties in mainland China, which would add to some growth aspects if included in one's portfolio.

This post has been edited by TOS: Jan 29 2020, 08:12 PM

Haha. Thanks. Mostly checking the monthly fund reports to make sure the manager's investment outlook is the same as mine.

Link REIT is more of a growth stock to me, as most of its ROE comes from increase in share price, aka capital gains and not dividend. The dividend yield is just a mediocre 3%.

Most local HK investors (excluding the traders) go for HSBC for its yield. Others aim for rental shares like Wharf, Swire Properties and SHK. Or pick utilities stocks like towngas, CLP etc. These blue chips are the to-go for most HK investors, especially those dividend chasers.

For me though, I am positive that the HK-REIT managers will slowly diversify their portfolio in time to come after they learnt their lessons. Link is aiming for at least 10-15% in developed markets, for example. Their recent 100 Market Street acquisition in Australia marks a milestone.

Agreed on the forex part. Need to check SGD against USD (since HKD pegged to USD)

This post has been edited by TOS: Jan 30 2020, 04:26 PM

Thanks for the info. But I am not based in Singapore, can open an account there? I asked about opening a bank account in Singapore when I was an intern back there in the open SG bank account thread and was already recommended by members there not to open an account.

If opening a bank account as an intern is already so hard, I can't imagine how it is possible to open a stock trade account as a foreigner.

Maybe have to wait till I work there?

Problem is, I only have cousins staying in SG (work and stay there), and me myself not working or studying there. My internship is over and basically I have to pay for my internship instead of the company paying me.

I am back at Malaysia now, anyway. I do have a HK bank account, since I am studying there. But I invest in HK & SG REITs and shares through unit trusts rather than directly in the exchange as I don't have sufficient cash to open a brokerage account at IBKR's whitelabels. 1000 USD is a lot for me (Tradestation Global). Need to wait till I work. No choice, have to contend with 2-3% off my investment return due to tonnes of charges.

This post has been edited by TOS: Feb 3 2020, 11:27 AM

Thanks for introducing this broker. I remain doubtful on the zero-commission business model.

Not sure how true is this: https://apenquotes.wordpress.com/2017/10/10...e-8-securities/

I don't like to trade HK shares as the regulations there are slightly loser compared to Singapore, will prefer US S&P 500 ETF, but then there is 30% WHT. So, have to go for UCITS instead.

I will not work in HK upon graduation as I prefer to stay and work in Singapore after I graduate. So, a HK brokerage account may not be a good option, more so given the bleak future of HK. Tradestation global may be a suitable one for me, I think.

Understood. I will apply to Singapore uni soon as a backup. So, HK bank account may close anytime.

Moreover, even if I have a HK account, I don't have much choice as a single lot for HK shares can be a few thousands HKD. I prefer blue chip dividend stocks and utility stocks, but then 8securities have dividend charges. I agree that H-shares are attractive, especially the HSI constituents. Will have a look at this, anyway. Thanks for the info.

Correction: Should be whitelabels of IBKR like Tradestation Global, not IBKR itself. No plan to pay for the IBKR monthly account maintenance fee.

Link REIT... -9%

I am afraid the return to normality might take far longer than expected. Bankers there already anticipate more exodus of talents and capital outflow (to be observed from HKMA data in the next few months).

H-shares should be safer than local HK-oriented counters in the long run, as evident from the degree of sell-down today between the two.

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

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

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

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

Ni problem. Just plugged in 100 MYR last week, armour still have a few "k"s... Ready to top-up anytime.

But my Chidia fund just dropped 0.4-0.5% from the previous day (the day when tencent dropped sharply). So, perhaps the fund manager pulled out a lot during the sell-down. I expected a drop of 1% ++ in NAV.

Never mind. Next time.

Just a reminder for those CSOP ETF investor:

https://www.mpfinance.com/fin/instantf2.php...&issue=20200828

(Sorry, it's in traditional Chinese as it is published in Ming Pao, a HK newspaper, can use Google Translate or seek help from investors here who can read in traditional Chinese.)

A short summary: The ETF traded far above its NAV during the early trading session. CSOP would like to remind investors to understand the product (the ETF) and check if the pricing is correct and justified.

At one point, the ETF traded at 20 HKD when the NAV is only around 7.5 HKD.

Meanwhile, Hang Seng will offer its own Hang Seng Tech ETF next Friday to meet the huge demand from investors.

This post has been edited by TOS: Aug 28 2020, 01:22 PM

The range clearly shows 20 at the other end.





http://www.etnet.com.hk/www/eng/stocks/rea...e.php?code=3033

True, everything just goreng.