Stock action, 25th May
Added to Hong Kong’s Prosperity Reit yesterday, at HK$2,18 net of charges.
Similar to my stock action on friday last week with Link Reit, I will continue to add to my long term holdings in these two commercial equity reits in Hong Kong for income if they continue their declines by 10% to 20% due to the multiple factors adversely impacting Hong Kong this year.
Both Link and Prosperity Reit have low gearing ratios which lowers their financial risk plus gives them capacity to add to their properties if prices become low enough. I also expect long term interest rates to remain depressed for a long time which usually is a net positive for such investments. Both companies are well managed with strong track records.
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.