Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00778 FORTUNE REIT
RTNominal unchange 0.000 (0.000%)
Others

29/07/2019 11:12

{I-bank focus}Daiwa lifts Fortune REIT (00778) to HK$11.5

[ET Net News Agency, 29 July 2019] Daiwa Research lifted its target price for Fortune
REIT (00778) to HK$11.5 from HK$10.9 and maintained its "outperform" rating.
The research house said Fortune REIT's 1H NPI (net property income) and distributable
income rose by 0.7% and 0.1%, respectively, despite a 0.4% fall in revenue.
Daiwa thinks the results suggest that Fortune REIT has come out of the challenge related
to the disruption caused by the AEI (Asset Enhancement Initiatives) on Fortune Kingswood
(its largest asset) and this should bode well for the prospects of its distributable
income in the years ahead.
Daiwa did not change its forecasts of Fortune's distributable income from operation, but
lowered its 2019-20E DPU by 4% as it no longer assumed that it will pay a special
distribution to offset the disruption caused by the Fortune Kingswood AEI. (KL)

Back to Others

Remark: Real time quote last updated: 24/04/2024 07:40
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.