Journey of a Novice Investor…
Summary Data: 1. REIT Overview: A Resilient Portfolio in a Challenging Market Prosperity Real Estate Investment Trust (Prosperity REIT) is a Hong Kong-based collective investment scheme, notable for being the first private sector REIT listed on the Main Board of the Stock Exchange of Hong Kong Limited. The REIT’s primary objective is to own and … Read more
Summary Data: Overview of Sunlight REIT: A Pure-Play on Hong Kong’s Challenged Commercial Market Sponsor, Management Structure, and Investment Mandate Sunlight Real Estate Investment Trust (Sunlight REIT) is a Hong Kong-authorized collective investment scheme, structured as a unit trust governed by Hong Kong law. This structure, with HSBC Institutional Trust Services (Asia) Limited serving as the … Read more
August 27, 2025 Touzibozhu Hong Kong REITs Real Estate Investment Trusts SF REIT Stock Valuation Summary Data: 1. REIT Overview and Portfolio Analysis SF Real Estate Investment Trust (“SF REIT” or “the REIT”) is the first logistics-focused REIT listed on the Hong Kong Stock Exchange, offering investors a unique, albeit concentrated, exposure to the Greater China logistics sector. Its … Read more
Executive Summary & Investment Thesis Summary Data: K. Wah International Holdings (KWIH) presents a compelling deep-value opportunity with a significant margin of safety. The market currently values the company at a level only slightly above its liquid, dividend-generating stake in Galaxy Entertainment Group (GEG), effectively ascribing negligible value to its entire high-quality property development and … Read more
Executive Summary This report presents a quantitative analysis of a peer group of Hong Kong-listed real estate companies and Real Estate Investment Trusts (REITs). The objective is to estimate the intrinsic value of these securities using the Gordon Growth Model (GGM) and to calculate their implied expected rates of return. The analysis utilizes end-of-day closing … Read more
Introduction On April 15th 2025, amidst the stock market turmoil caused by Trump’s reciprocal tariffs, a curated list of stocks was published that was deemed to be attractively priced at that time. This article provides a brief review of the performance of these stocks, calculating their total returns (inclusive of dividends paid) from April 15th to August … Read more