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My trading record (2022-08-02, buy US reit Simon Property, Singapore reit Mapletree Commercial Trust and HK reit Fortune and Champion)

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Share the reasons of buying US Reit Simon Property, Singapore Reit Mapletree Commercial Trust and HK reit Fortune and Champion and share my views.

Abstract: Share the reasons of buying US Reit Simon Property, Singapore Reit Mapletree Commercial Trust and HK reit Fortune and Champion and share my views.

Transaction detail

Today I am sharing with you about the transaction that I made on August 2. The details are as follows:

Bought reit

Simon Property Group Inc (SPG) 52-week stock chart
Simon Property Group Inc (SPG) 52-week stock chart
Images source: https://seekingalpha.com/symbol/SPG/chart

Bought reit

Mapletree PanAsia Commercial Trust (N2IU) 52-week stock chart
Mapletree PanAsia Commercial Trust (N2IU) 52-week stock chart
Image source: https://sg.finance.yahoo.com/quote/N2IU.SI?p=N2IU.SI&.tsrc=fin-srch

Bought reit

  • Fortune Reit (HK stock code: 778)
  • Quantity: 1000 shares
  • Bought price: HK$6.62
  • Commission fee: HK$30.02
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$3.36
  • Commission fee: HK$30.03
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

Reasons of buying Simon Property, Mapletree PanAsia Commercial, Fortune and Champion reit

As mentioned in the previous post, since my position of RW0U was acquired by N2IU, I think about reinvesting the cash I received. After a bit of consideration, I decided to buy these four reit yesterday. The current price of Simon Property is not expensive, but It may be because the market is worried that the United States will face an economic recession, which will reduce the income of the commercial property market, but I don’t think it is a big problem to increase positions at the current price.

The reason for the increase in Mapletre PanAsia Commerical (N2IU) is that I really like the properties held by the original RW0U. Since the assets will be transferred to N2IU after the acquisition, I have to re-purchase N2IU. I think the assets are very high-quality.

In addition, I have seen that the share prices of Fortune and Champion have also fallen to a relatively attractive level, so I also decided to increase the position at the current level, but I will not buy too much of them, because I don’t want the property assets to be too concentrated in the Hong Kong market.

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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