Thursday, May 20, 2021

SOLD: Fortune REIT (HK778)


Sold 17,000 shares of Fortune Reit on 17 May at HKD8.04.

Total profit HKD19,356.83 / SGD3,319 (16%) in 4 months.

Reason for selling:

1) COVID variant

Both Singapore & Taiwan suddenly had a spike in numbers of COVID cases. These 2 countries had managed to keep its COVID cases very low for many months.

Covid-19: What went wrong in Singapore and Taiwan?

The new COVID variant seem to be more powerful and those who had taken their vaccine are infected too.

Thus, before it hit Hong Kong shores (I hope not), sold off Fortune Reit to turn paper gain into actual gain.

Related post:

Added: Fortune REIT (HK 778) - Power of Neighbourhood malls

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