Stock action
Added to Hong Kong’s Prosperity Reit at HK$2,4 net of charges yesterday due to the general stock market decline enabling this office REIT with low balance sheet debt to yield 6% even if office rents in Hong Kong decline permanently by 20%. Given their position in East Kowloon and the rail link from Shatin to Central that has just been completed, Prosperity Reit should be insulated somewhat from the anticipated declines in office rents expected on Hong Kong island, in my view.
Portfolio page updated.
About Post Author
Billy
After qualifying as a chartered accountant in the UK and working in London for a leading technology company, I moved to Hong Kong in 2000 where I am a permanent resident. I was the original founder of globalstockinvestingtoday.com where I presided over my portfolio during the 2008/9 financial crisis and posted my portfolio actions and performance with a number of his ex Nortel colleagues and friends until 2013 where due to work commitments at BT meant that I could not continue with this site. My 5 year portfolio performance during that time beat the benchmark stock indices of UK, Europe, India, Hong Kong,Australia, Brazil and Japan but not the S&P 500 nor the NASDAQ. My performance was also better than the global mutual funds that were benchmarked except for Value Partners in Hong Kong where we exchanged leads during that time.