HK REITS

[weijian]

The market consensus is that HKD is overvalued against USD because of the peg.
That's the reason hedge funds are shorting the HKD in anticipation of the peg broken.

The ability to defend your currency is defined by the amount of foreign reserves you have. As the Asian Financial Center, it has 417billion USD (although declined from its 2021 peak of close to 500billion) and nothing is more important to the a Financial Center than stability and honorability I guess.

So, good luck to the funds!

https://tradingeconomics.com/hong-kong/f...0of%201993.

[CY09]

Thanks Shiyi for correcting me.

About the ability for funds to beat, people will always remember george soros successful bet and they will try to emulate it. Its similar to remembering there is always an annual angpao toto winner and you buy a ticket to hope you win that year's edition

[soros]

00405.HK - Yuexiu Reit $1.97 yld 10.59% ( down from $3.23 one year ago)
00435.HK - Sunlight Reit $3.37 yld 7.44 % ( down  from $4.34 one year ago )
00778.HK - Fortune Reit $6.34 yld 6.76% ( down  from $8.01 one year ago  )
00808.HK - Prosperity Reit $1.99 yld 8.73 % ( down from $3.08  one year ago)
00823.HK – Link Reit $57.30  yld 5.28 % ( down from $68.65 one year ago )
01881.HK - Regal Reit $1.40 yld 6.87 % ( little change from  one year ago )
01270.HK - Langham-SS $1,12 yld 2.43  % ( up  from $0.84 one year ago)
01275.HK - New Cent Reit ( withdrawn )
02778.HK - Champion Reit $3.08 yld 6.96% ( down from $3.99 one year ago  )
87001.HK - Hui Xian Reit Y 1.05 yld 8.27 % ( down from Y1.40 one year ago )
01426.HK - Spring Reit $2.4 yld 9.49 % ( little change from one year ago  )

Closing prices on 30 Dec 2022.

Some  HK reits suffered  serious  loss from one  or two years ago.   May take some time to recover                                                                

.

[soros]

00405.HK - Yuexiu Reit $2.00 yld 6.39% ( down from $3.42 one year ago)
00435.HK - Sunlight Reit $3.20 yld 7.81 % ( down from $3.85 one year ago )
00778.HK - Fortune Reit $6.50 yld 6.79% ( down from $7.03 one year ago )
00808.HK - Prosperity Reit $2.00 yld 8.13 % ( down from $2.85 one year ago)
00823.HK – Link Reit $50.50 yld 5.04 % ( down from $67.65 one year ago )
01881.HK - Regal Reit $1.17 yld 5.21 % ( down from $1.44 one year ago )
01270.HK - Langham-SS $1.05 yld 2.76 % ( up from $0.93 one year ago)
01275.HK - New Cent Reit ( withdrawn )
02778.HK - Champion Reit $3.37 yld 5.80% ( down from $3.53 one year ago )
87001.HK - Hui Xian Reit Y 1.07yld 7.72 % ( down from Y1.14 one year ago )
01426.HK - Spring Reit $2.42 yld 8.76 % ( down from $2.85 one year ago )

Closing prices on 31 Mar 2023.

[soros]

00405.HK - Yuexiu Reit $1.32 yld 10.1 % ( down from $3.42 -18 months ago)
00435.HK - Sunlight Reit $2.39 yld 9.2 % ( down from $3.85 -18 months ago )
00778.HK - Fortune Reit $4.70 yld 9.6% ( down from $7.03 -18 months ago )
00808.HK - Prosperity Reit $1.45 yld 11.28 % ( down from $2.85- 18 months ago)
00823.HK – Link Reit $38.40 yld 7.44 % ( down from $67.65 – 18 months ago )
01881.HK - Regal Reit $0.74 yld 8.4 % ( down from $1.44 – 18 months ago )
01270.HK - Langham-SS $0.76 yld 3.8 % ( down from $0.93 – 18 months ago)
01275.HK - New Cent Reit ( withdrawn )
02778.HK - Champion Reit $2.58 yld 7.80% ( down from $3.53 – 18 months ago )
87001.HK - Hui Xian Reit Y 0.92 yld 9.1 % ( down from Y1.14 – 18 months ago )
01426.HK - Spring Reit $1.93 yld 10.76 % ( down from $2.85 – 18 months ago )

Closing prices on 29 Sept 2023.

[soros]

00405.HK - Yuexiu Reit $0.94 yld 9.4% ( down from $1.32 at 15 months ago)
00435.HK - Sunlight Reit $1.86 yld 11.83 % ( down from $2.39 at 15 months ago )
00778.HK - Fortune Reit $3.99 yld 10 % ( down from $4.70 at 15 months ago )
00808.HK - Prosperity Reit $1.23 yld 11.3 % ( down from $1.45 at 15 months ago)
00823.HK - Link Reit $32.80 yld 8 % ( down from $38.40 at 15 months ago )
01881.HK - Regal Reit $0.45 yld 0 % ( down from $0.74, at 15 months ago )
01270.HK - Langham-SS $0.47 yld 0 % ( up from $0.76 at 15 months ago)
02778.HK - Champion Reit $1.72 yld 9.7% ( down from $2.58 at 15 months ago )
87001.HK - Hui Xian Reit Y 0.49 yld 7.29 % ( down from Y0.92 at 15 months ago )
01426.HK - Spring Reit $1.87 yld 10 % ( little change from 15 months ago )

Closing prices on 31 Dec 2024.

[CY09]

One area I have been investing in is overseas REITs. Overseas the premieum demanded for the REITs are relatively high and they need to be 6-10% in yield. This even includes REITs which are levered at 20-30% level.

Singapore on the other hand, local REITs are only commanded to yield 4-7% level. There is an emerging trend in Singapore where local brokers are now allowing SGD financing to buy these overseas REITs to take advantage of this arbitage. Personally, I find that this is a perfectly sound strategy when SGD financing is verylow in the 4% area (phillips is offering 4.5% SGD financing, and preferential exchange rate near middle level if conversion amounts to SGD150,000)

[EnSabahNur]

One area I have been investing in is overseas REITs. Overseas the premieum demanded for the REITs are relatively high and they need to be 6-10% in yield. This even includes REITs which are levered at 20-30% level.

Singapore on the other hand, local REITs are only commanded to yield 4-7% level. There is an emerging trend in Singapore where local brokers are now allowing SGD financing to buy these overseas REITs to take advantage of this arbitage. Personally, I find that this is a perfectly sound strategy when SGD financing is verylow in the 4% area (phillips is offering 4.5% SGD financing, and preferential exchange rate near middle level if conversion amounts to SGD150,000)

Where else other than HK, did you find REITs yielding 6 to 10%?

[Shiyi]

One area I have been investing in is overseas REITs. Overseas the premieum demanded for the REITs are relatively high and they need to be 6-10% in yield. This even includes REITs which are levered at 20-30% level.

Singapore on the other hand, local REITs are only commanded to yield 4-7% level. There is an emerging trend in Singapore where local brokers are now allowing SGD financing to buy these overseas REITs to take advantage of this arbitage. Personally, I find that this is a perfectly sound strategy when SGD financing is verylow in the 4% area (phillips is offering 4.5% SGD financing, and preferential exchange rate near middle level if conversion amounts to SGD150,000)

Where else other than HK, did you find REITs yielding 6 to 10%?

What matters is the forward yield. For HK Reits, it's likely to be much lower.

[CY09]

One area I have been investing in is overseas REITs. Overseas the premieum demanded for the REITs are relatively high and they need to be 6-10% in yield. This even includes REITs which are levered at 20-30% level.

Singapore on the other hand, local REITs are only commanded to yield 4-7% level. There is an emerging trend in Singapore where local brokers are now allowing SGD financing to buy these overseas REITs to take advantage of this arbitage. Personally, I find that this is a perfectly sound strategy when SGD financing is verylow in the 4% area (phillips is offering 4.5% SGD financing, and preferential exchange rate near middle level if conversion amounts to SGD150,000)

Where else other than HK, did you find REITs yielding 6 to 10%?

Overseas SGX-listed REIT- United Hampshire US REIT and Elite Commercial.

For HK, I have been sticking to LINK REIT which has an increasing yield and a low leverage of 20+%