Bought 17,000 shares of Fortune REIT on 18 Jan at HKD 7.14.
This is my first oversea stock outside of SGX.
Reasons for buying:
1) Dividend 6.6%
Fortune Reit will be declaring their semi annual dividend soon and will go XD in Feb 2021
2) PB 0.47
3) 2014 price
Put aside 2020 Covid year, the last time it trade at low HKD 7+ is in year 2014
4) Power of Neighbourhood malls
In Singapore, we have king of Neighbourhood mall Frasers Centrepoint Trust.
In Hong Kong, we have Fortune REIT.
5) Impressive Purchase price vs Current Valuation
7) Managed by ARA & Sponsor is CK Asset Holding Ltd