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Wednesday 2 October 2013

Will Fortune REIT break HK$6.00?


This guy is on a downtrend. Will the bear be stopped at $6.00? 200d MA support has turned into a resistance. From Yahoo:

PE = 3.2
P/B = 0.6
profit margin = 289% (What?)
ROE = 22%
current = 0.37 (over-leveraged)

If the property bubble bursts in HK, the guy may die. I bet the support will be broken soon.

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