00778 Fortune Real Estate Investment Trust
- 4.060
- +0.020+0.50%
Zhifu Industrial Trust (00778) issued 6.557 million fund units to pay basic expenses for managers
Zhifu Industrial Trust (00778) announced that the fund will issue 6.557 million units on April 22, 2024...
置富產業信託：二零二三年年報
Fortune Real Estate Investment Trust's Dividend Analysis
Bank Rating | DBS: Lowering the target price of Fortune Real Estate Trust to HK$6.31 for a “buy” rating
Glonghui, March 7 | DBS published a report indicating that Fortune Real Estate Trust was able to distribute HK$811 million in revenue last year, down 7.6% year-on-year, in line with the bank's expectations. Rent renewals in the second half of last year were still in a negative range (meaning a decline). According to the report, the gradual completion of the second phase of the Tin Shui Wai+WOO Asset Enhancement Project (AEI) is expected to support short-term rent growth. The DBS Index is attracted by valuations. Potential US interest rate cuts in the second half of this year are expected to be a major catalyst, which can support its outlook and valuation per share. DBS lowered the target price for wealth acquisition from HK$6.5 to HK$6.31. The rating is “buy”. It is expected to be collected per fund unit this year and next two years
Citibank: Maintaining the “Buy” Rating of Zhifu Real Estate Trust (00778) and reducing the target price to HK$5.72
Citi expects future interest expenses of Zhifu Industrial Trust (00778) to remain stable when HIBOR has peaked.
Fortune Real Estate Investment Trust To Go Ex-Dividend On March 25th, 2024 With 0.1802 HKD Dividend Per Share
March 6th - $Fortune Real Estate Investment Trust(00778.HK)$ is trading ex-dividend on March 25th, 2024. Shareholders of record on March 26th, 2024 will receive 0.1802 HKD dividend per share on Ap
Zhifu Real Estate Trust (00778) distributes HK$0.1802 per fund unit at the end of the year
Zhifu Industrial Trust (00778) announced that the fund will be distributed at the end of the year ending December 31, 2023...
Fortune Real Estate Investment Trust: FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 AND RECORD DATE FOR DISTRIBUTION ENTITLEMENT
Major Bank Ratings | Morgan Stanley: Upgrading Credit and Nine to “Increase” Ratings, Changshi Group and Hang Lung Properties's dividends were flat last year
Glonghui, January 5 | Morgan Stanley released a report saying that high interest rates and weak macroeconomics in the second half of last year caused the Hong Kong property market trend to ease. It is estimated that residential property prices will drop 10%, retail rents will rise 3%, and office rents will drop 5% this year. They prefer companies with high retail exposure over offices and residences, and also prefer net cash companies, such as Changshi Group (1113.HK) and Sino Real Estate (0083.HK), over high-debt companies. If interest rates fall faster than expected, I believe real estate trusts (REITs) and developers will benefit. Daima General Credit Rating
Big Bank Ratings | Citibank: Pessimistic about Hong Kong's real estate industry, preferred Lingzhan, Wharf Real Estate and Zhifu Real Estate Trust
Glonghui, January 3 | Citigroup published a report stating that it remains pessimistic about Hong Kong's real estate industry this year. The bank believes that the stock price performance of Hong Kong developers this year will depend on the volatility of free cash flow and dividend payments in the face of long-term weakness in the real estate market. The bank believes that companies with a high degree of visible free cash flow and stable dividend prospects will outperform the market, while companies that focus on developing housing and have large capital expenditure plans and high debt ratios should outperform the market. The bank preferred to buy Lingzhan, Jiulongcang Real Estate, and Zhifu Real Estate Trust, and downgraded the Jiucang rating from “buy” to “sell” in one fell swoop. The target price
The property market “starts first, then breaks” | Housing enterprises still face heavy debt repayment pressure in the first half of 2024. Can financing usher in “dark and bright”?
Financial Services Association, December 29 (Reporter Li Jie) Housing companies are still facing heavy financing pressure this year.
A quick look at the Hong Kong market | The Science Index rose nearly 2%, telecommunications equipment stocks and automobile stocks were strong throughout the day, Xiaomi rose more than 6%, BYD Electronics rose nearly 5%, and Xiaopeng Motor rose more than
The Hang Seng Index closed up 0.75%, the Science Index rose 1.63%, and the National Index rose 0.88%; the Internet stock market rose by more than 3%; Baidu and Alibaba rose more than 1%; pharmaceutical stocks had mixed ups and downs. Genting Xinyao rose nearly 5%, and Connoah and Rongchang Biotech fell more than 2%.
Zhitu Industrial Trust (00778): The manager received a total of about 6.442,300 fund units for basic expenses
Zhitu Industrial Trust (00778) issued an announcement. On October 10, 2023, the manager received a total of about 64...
Fortune Real Estate Investment Trust: Interim Report 2023
Big Bank Ratings丨Goldman Sachs: Lowering the Target Price of Wealth Industrial Trusts to HK$6 Rating “Sale”
According to a research report published by Goldman Sachs on August 10, Goldman Sachs's performance in the first half of this year was basically in line with expectations, with distributable revenue falling 2% year-on-year to HK$448 million, mainly reflecting a 54% increase in borrowing costs due to the increase in interbank interest rates (HIBOR) in Hong Kong during the period. The bank pointed out that Zhifu's revenue increased by 4.7% in the first half of the year, partly due to the fact that rent concessions were no longer offered during the period compared to the same period in 2022. If the impact of annual rent concessions is excluded, the increase is about 2%. Taking into account the latest rent growth and interest cost forecasts, Goldman Sachs reduced the allocation per fund unit by 1% from 2023 to 2025
Bank Rating | Citibank: Lowering the Target Price of Wealth Industry Trust to HK$7.2 Rating “Buy”
On August 9, GLONGHUI | Citibank published a report that believes that Zhifu Industrial Trust's portfolio is resilient and is expected to benefit the recovery of the local retail industry; however, the company's profits this year may be hampered by increased interest expenses, and are unlikely to be offset by moderate growth in retail revenue. However, the bank expects the Group's distribution per fund unit (DPU) to grow or accelerate to 5% in FY2024, benefiting from an increase in rent renewal and a reduction in interest expenses. The bank said it would slightly raise the company's distributable revenue forecast for this year by 2.2%, and cut it by 2.5% to 5% from 2024 to 25. The bank raised its target price from HK$7.5
Fortune REIT's Likely Positive Rental Revision Seen Weighed by Higher Interest -- Market Talk
0046 GMT - Fortune REIT may see rental revisions turn positive this year. Still, higher interest expense may offset any such modest increase in retail revenue, Citigroup analyst Ken Yeung says in a no
Fortune REIT Target Price Cut to HK$7.20 From HK$7.50 by Citigroup >0778.HK
Fortune REIT Target Price Cut to HK$7.20 From HK$7.50 by Citigroup >0778.HK
Fortune Real Estate Investment Trust To Go Ex-Dividend On August 23rd, 2023 With 0.2236 HKD Dividend Per Share
August 9th - $Fortune Real Estate Investment Trust(00778.HK)$ is trading ex-dividend on August 23rd, 2023. Shareholders of record on August 24th, 2023 will receive 0.2236 HKD dividend per share on
Fortune Real Estate Investment Trust: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023 AND RECORD DATE FOR DISTRIBUTION ENTITLEMENT