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My trading record (2021-08-24, buy HK reits, Link+Fortune+Champion+Yuexiu+Sunlight)

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Share the reasons of buying Hong Kong Reits – Link Reit (823), Fortune Reit (778), Champion Reit (2778), Yuexiu Reit (405) and Sunlight Reit (435) and share my views.

Abstract: Share the reasons of buying Hong Kong Reits – Link Reit (823), Fortune Reit (778), Champion Reit (2778), Yuexiu Reit (405) and Sunlight Reit (435) and share my views.

Transaction detail

Today I am sharing with you about the transaction that I made on August 24. The details are as follows:

Bought reit

  • Link Reit (HK stock code: 823)
  • Quantity: 200 shares
  • Bought price: HK$72.85
  • Commission fee: HK$40.62
Link Reit (823) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=00823

Bought reit

  • Fortune Reit (HK stock code: 778)
  • Quantity: 1000 shares
  • Bought price: HK$8.34
  • Commission fee: HK$32.14
Fortune Reit (778) 52-week stock chart
Fortune Reit (778) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=00778

Bought reit

  • Champion Reit (HK stock code: 2778)
  • Quantity: 2000 shares
  • Bought price: HK$4.37
  • Commission fee: HK$35.68
Champion Reit (2778) 52-week stock chart
Champion Reit (2778) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=02778

Bought reit

  • Yuexiu Reit (HK stock code: 405)
  • Quantity: 2000 shares
  • Bought price: HK$4.03
  • Commission fee: HK$32.12
Yuexiu Reit (405) 52-week stock chart
Yuexiu Reit (405) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=00405

Bought reit

  • Sunlight Reit (HK stock code: 435)
  • Quantity: 3000 shares
  • Bought price: HK$4.88
  • Commission fee: HK$44.13
Sunlight Reit (435) 52-week stock chart
Sunlight Reit (435) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=00435

Reasons of buying these five reits

Last week, one of my bonds – CC 7 05/15/25 of Chemours Co was redeemed by the company in advance. The redemption price was US$102.333, which was slightly higher than the bond face value. Therefore, the cash level has increased.

After I did some research, it was found that the current corporate bonds are generally quite expensive right now. Comparatively, I decided to increase my holdings of the five Hong Kong reits aforementioned. Their annual interest rates are about 4 to 5% currently, which are actually now very low compared that of corporate bonds.

On the other hand, Hong Kong’s economic situation is believed to be past the worst. Therefore, it is believed that the rental collection of relevant properties in Hong Kong should not be too bad in the coming future.

Comments and sharing

If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.

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