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Fortune Real Estate Investment Trust
Buy, Hold or Sell?

Let's analyse Fortune Real Estate Investment Trust together

PenkeI guess you are interested in Fortune Real Estate Investment Trust. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Fortune Real Estate Investment Trust. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Fortune Real Estate Investment Trust (30 sec.)










What can you expect buying and holding a share of Fortune Real Estate Investment Trust? (30 sec.)

How much money do you get?

How much money do you get?
HK$0.22
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
HK$14.36
Expected worth in 1 year
HK$13.85
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
HK$1.18
Return On Investment
30.7%

For what price can you sell your share?

Current Price per Share
HK$3.84
Expected price per share
HK$0 - HK$4.4
How sure are you?
50%

1. Valuation of Fortune Real Estate Investment Trust (5 min.)




Live pricePrice per Share (EOD)

HK$3.84

Intrinsic Value Per Share

HK$2.65 - HK$5.98

Total Value Per Share

HK$17.00 - HK$20.34

2. Growth of Fortune Real Estate Investment Trust (5 min.)




Is Fortune Real Estate Investment Trust growing?

Current yearPrevious yearGrowGrow %
How rich?$3.6b$3.7b-$32.7m-0.9%

How much money is Fortune Real Estate Investment Trust making?

Current yearPrevious yearGrowGrow %
Making money$64.2m$168.3m-$104.1m-162.1%
Net Profit Margin28.5%72.9%--

How much money comes from the company's main activities?

3. Financial Health of Fortune Real Estate Investment Trust (5 min.)




What can you expect buying and holding a share of Fortune Real Estate Investment Trust? (5 min.)

Welcome investor! Fortune Real Estate Investment Trust's management wants to use your money to grow the business. In return you get a share of Fortune Real Estate Investment Trust.

What can you expect buying and holding a share of Fortune Real Estate Investment Trust?

First you should know what it really means to hold a share of Fortune Real Estate Investment Trust. And how you can make/lose money.

Speculation

The Price per Share of Fortune Real Estate Investment Trust is HK$3.84. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Fortune Real Estate Investment Trust.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Fortune Real Estate Investment Trust, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is HK$14.36. Based on the TTM, the Book Value Change Per Share is HK$-0.13 per quarter. Based on the YOY, the Book Value Change Per Share is HK$0.27 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is HK$0.42 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Fortune Real Estate Investment Trust.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 HK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per Share
Usd Eps0.030.8%0.030.8%0.082.2%0.082.0%0.133.4%
Usd Book Value Change Per Share-0.02-0.4%-0.02-0.4%0.030.9%0.030.7%0.092.3%
Usd Dividend Per Share0.051.4%0.051.4%0.061.6%0.061.6%0.061.4%
Usd Total Gains Per Share0.041.0%0.041.0%0.102.5%0.092.2%0.143.7%
Usd Price Per Share0.81-0.81-1.02-1.02-1.03-
Price to Earnings Ratio25.41-25.41-12.25-9.68-8.27-
Price-to-Total Gains Ratio21.53-21.53-10.59-8.34-7.37-
Price to Book Ratio0.44-0.44-0.55-0.53-0.61-
Price-to-Total Gains Ratio21.53-21.53-10.59-8.34-7.37-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.490752
Number of shares2037
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.050.06
Usd Book Value Change Per Share-0.020.03
Usd Total Gains Per Share0.040.09
Gains per Quarter (2037 shares)76.65174.84
Gains per Year (2037 shares)306.61699.35
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1439-132297489211689
2878-2656049774221388
31317-39791114666322087
41755-529121819548432786
52194-6611525244310543485
62633-7941832293112654184
73072-9262139342014764883
83511-10582446390816875582
93950-11902753439718976281
104389-13233060488521086980

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%17.02.00.089.5%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%8.02.00.080.0%16.03.00.084.2%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%15.00.04.078.9%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%17.02.00.089.5%

Fundamentals of Fortune Real Estate Investment Trust

About Fortune Real Estate Investment Trust

Established in 2003, Fortune REIT is a real estate investment trust constituted by a trust deed (as amended, supplemented or otherwise modified from time to time). It is the first REIT to hold assets in Hong Kong and is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited. Fortune REIT currently holds a portfolio of 17 retail properties, with 16 private housing estate retail properties in Hong Kong and 1 neighborhood mall in Singapore, comprising approximately 3 million sq. ft. of retail space and 2,793 car parking spaces. The retail properties are Fortune City One, +WOO, Ma On Shan Plaza, Metro Town, Fortune Metropolis, Laguna Plaza, Belvedere Square, Waldorf Avenue, Caribbean Square, Jubilee Square, Tsing Yi Square, Smartland, Stars of Kovan Property, Centre de Laguna, Hampton Loft, Lido Avenue and Rhine Avenue. They house tenants from diverse trade sectors such as supermarkets, food and beverage outlets, banks, real estate agencies, and education providers.

Fundamental data was last updated by Penke on 2024-03-24 22:12:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Fortune Real Estate Investment Trust.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Fortune Real Estate Investment Trust earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • A Net Profit Margin of 28.5% means that $0.28 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Fortune Real Estate Investment Trust:

  • The MRQ is 28.5%. The company is making a huge profit. +2
  • The TTM is 28.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ28.5%TTM28.5%0.0%
TTM28.5%YOY72.9%-44.4%
TTM28.5%5Y62.5%-34.0%
5Y62.5%10Y118.0%-55.5%
1.1.2. Return on Assets

Shows how efficient Fortune Real Estate Investment Trust is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • 1.2% Return on Assets means that Fortune Real Estate Investment Trust generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Fortune Real Estate Investment Trust:

  • The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.2%0.0%
TTM1.2%YOY3.3%-2.1%
TTM1.2%5Y2.8%-1.5%
5Y2.8%10Y5.6%-2.8%
1.1.3. Return on Equity

Shows how efficient Fortune Real Estate Investment Trust is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • 1.7% Return on Equity means Fortune Real Estate Investment Trust generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Fortune Real Estate Investment Trust:

  • The MRQ is 1.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.7%0.0%
TTM1.7%YOY4.5%-2.8%
TTM1.7%5Y3.7%-1.9%
5Y3.7%10Y6.3%-2.7%

1.2. Operating Efficiency of Fortune Real Estate Investment Trust.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Fortune Real Estate Investment Trust is operating .

  • Measures how much profit Fortune Real Estate Investment Trust makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • An Operating Margin of 66.1% means the company generated $0.66  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Fortune Real Estate Investment Trust:

  • The MRQ is 66.1%. The company is operating very efficient. +2
  • The TTM is 66.1%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ66.1%TTM66.1%0.0%
TTM66.1%YOY66.9%-0.8%
TTM66.1%5Y75.5%-9.5%
5Y75.5%10Y129.8%-54.2%
1.2.2. Operating Ratio

Measures how efficient Fortune Real Estate Investment Trust is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Retail industry mean).
  • An Operation Ratio of 0.68 means that the operating costs are $0.68 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Fortune Real Estate Investment Trust:

  • The MRQ is 0.675. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.675. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.675TTM0.6750.000
TTM0.675YOY0.654+0.021
TTM0.6755Y0.592+0.083
5Y0.59210Y0.622-0.030

1.3. Liquidity of Fortune Real Estate Investment Trust.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Fortune Real Estate Investment Trust is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to REIT - Retail industry mean).
  • A Current Ratio of 0.10 means the company has $0.10 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Fortune Real Estate Investment Trust:

  • The MRQ is 0.099. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.099. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.099TTM0.0990.000
TTM0.099YOY0.076+0.023
TTM0.0995Y0.128-0.028
5Y0.12810Y0.262-0.134
1.3.2. Quick Ratio

Measures if Fortune Real Estate Investment Trust is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • A Quick Ratio of 0.08 means the company can pay off $0.08 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Fortune Real Estate Investment Trust:

  • The MRQ is 0.082. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.082. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.082TTM0.0820.000
TTM0.082YOY0.061+0.021
TTM0.0825Y0.115-0.032
5Y0.11510Y0.135-0.020

1.4. Solvency of Fortune Real Estate Investment Trust.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Fortune Real Estate Investment Trust assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Fortune Real Estate Investment Trust to REIT - Retail industry mean.
  • A Debt to Asset Ratio of 0.28 means that Fortune Real Estate Investment Trust assets are financed with 28.3% credit (debt) and the remaining percentage (100% - 28.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Fortune Real Estate Investment Trust:

  • The MRQ is 0.283. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.283. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.283TTM0.2830.000
TTM0.283YOY0.265+0.017
TTM0.2835Y0.262+0.021
5Y0.26210Y0.302-0.039
1.4.2. Debt to Equity Ratio

Measures if Fortune Real Estate Investment Trust is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • A Debt to Equity ratio of 39.4% means that company has $0.39 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Fortune Real Estate Investment Trust:

  • The MRQ is 0.394. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.394. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.394TTM0.3940.000
TTM0.394YOY0.361+0.033
TTM0.3945Y0.356+0.038
5Y0.35610Y0.379-0.023

2. Market Valuation of Fortune Real Estate Investment Trust

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Fortune Real Estate Investment Trust generates.

  • Above 15 is considered overpriced but always compare Fortune Real Estate Investment Trust to the REIT - Retail industry mean.
  • A PE ratio of 25.41 means the investor is paying $25.41 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Fortune Real Estate Investment Trust:

  • The EOD is 15.392. Based on the earnings, the company is fair priced.
  • The MRQ is 25.412. Based on the earnings, the company is overpriced. -1
  • The TTM is 25.412. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD15.392MRQ25.412-10.021
MRQ25.412TTM25.4120.000
TTM25.412YOY12.248+13.164
TTM25.4125Y9.684+15.728
5Y9.68410Y8.267+1.417
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Fortune Real Estate Investment Trust:

  • The EOD is 6.602. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 10.901. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 10.901. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.602MRQ10.901-4.298
MRQ10.901TTM10.9010.000
TTM10.901YOY14.794-3.893
TTM10.9015Y13.659-2.758
5Y13.65910Y14.177-0.518
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Fortune Real Estate Investment Trust is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to REIT - Retail industry mean).
  • A PB ratio of 0.44 means the investor is paying $0.44 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Fortune Real Estate Investment Trust:

  • The EOD is 0.267. Based on the equity, the company is cheap. +2
  • The MRQ is 0.442. Based on the equity, the company is cheap. +2
  • The TTM is 0.442. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.267MRQ0.442-0.174
MRQ0.442TTM0.4420.000
TTM0.442YOY0.553-0.111
TTM0.4425Y0.528-0.087
5Y0.52810Y0.612-0.084
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Fortune Real Estate Investment Trust compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.127-0.1270%0.274-146%0.202-163%0.692-118%
Book Value Per Share--14.35814.3580%14.485-1%15.028-4%13.322+8%
Current Ratio--0.0990.0990%0.076+31%0.128-22%0.262-62%
Debt To Asset Ratio--0.2830.2830%0.265+7%0.262+8%0.302-6%
Debt To Equity Ratio--0.3940.3940%0.361+9%0.356+11%0.379+4%
Dividend Per Share--0.4210.4210%0.482-13%0.469-10%0.434-3%
Eps--0.2490.2490%0.654-62%0.605-59%1.024-76%
Free Cash Flow Per Share--0.5820.5820%0.541+7%0.586-1%0.571+2%
Free Cash Flow To Equity Per Share--0.3780.3780%0.004+9706%-0.128+134%0.296+28%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--5.980--------
Intrinsic Value_10Y_min--2.645--------
Intrinsic Value_1Y_max--0.590--------
Intrinsic Value_1Y_min--0.473--------
Intrinsic Value_3Y_max--1.780--------
Intrinsic Value_3Y_min--1.249--------
Intrinsic Value_5Y_max--2.979--------
Intrinsic Value_5Y_min--1.832--------
Market Cap7736332615.680-65%12773007495.68012773007495.6800%16137506315.520-21%16044831497.728-20%16197946414.080-21%
Net Profit Margin--0.2850.2850%0.729-61%0.625-54%1.180-76%
Operating Margin--0.6610.6610%0.669-1%0.755-13%1.298-49%
Operating Ratio--0.6750.6750%0.654+3%0.592+14%0.622+9%
Pb Ratio0.267-65%0.4420.4420%0.553-20%0.528-16%0.612-28%
Pe Ratio15.392-65%25.41225.4120%12.248+107%9.684+162%8.267+207%
Price Per Share3.840-65%6.3406.3400%8.010-21%7.964-20%8.040-21%
Price To Free Cash Flow Ratio6.602-65%10.90110.9010%14.794-26%13.659-20%14.177-23%
Price To Total Gains Ratio13.041-65%21.53221.5320%10.591+103%8.337+158%7.374+192%
Quick Ratio--0.0820.0820%0.061+35%0.115-28%0.135-39%
Return On Assets--0.0120.0120%0.033-62%0.028-55%0.056-78%
Return On Equity--0.0170.0170%0.045-62%0.037-53%0.063-73%
Total Gains Per Share--0.2940.2940%0.756-61%0.672-56%1.126-74%
Usd Book Value--3696909067.8003696909067.8000%3729610148.400-1%3869259150.960-4%3430194225.120+8%
Usd Book Value Change Per Share---0.016-0.0160%0.035-146%0.026-163%0.088-118%
Usd Book Value Per Share--1.8351.8350%1.851-1%1.921-4%1.703+8%
Usd Dividend Per Share--0.0540.0540%0.062-13%0.060-10%0.055-3%
Usd Eps--0.0320.0320%0.084-62%0.077-59%0.131-76%
Usd Free Cash Flow--149751183.600149751183.6000%139405390.200+7%150915134.880-1%146918752.200+2%
Usd Free Cash Flow Per Share--0.0740.0740%0.069+7%0.075-1%0.073+2%
Usd Free Cash Flow To Equity Per Share--0.0480.0480%0.000+9706%-0.016+134%0.038+28%
Usd Market Cap988703308.284-65%1632390357.9481632390357.9480%2062373307.123-21%2050529465.410-20%2070097551.719-21%
Usd Price Per Share0.491-65%0.8100.8100%1.024-21%1.018-20%1.028-21%
Usd Profit--64236880.80064236880.8000%168378289.200-62%155782142.280-59%263525670.360-76%
Usd Revenue--225484569.000225484569.0000%230857536.600-2%238075527.240-5%232280231.760-3%
Usd Total Gains Per Share--0.0380.0380%0.097-61%0.086-56%0.144-74%
 EOD+4 -4MRQTTM+0 -0YOY+11 -245Y+6 -2910Y+13 -22

3.2. Fundamental Score

Let's check the fundamental score of Fortune Real Estate Investment Trust based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.392
Price to Book Ratio (EOD)Between0-10.267
Net Profit Margin (MRQ)Greater than00.285
Operating Margin (MRQ)Greater than00.661
Quick Ratio (MRQ)Greater than10.082
Current Ratio (MRQ)Greater than10.099
Debt to Asset Ratio (MRQ)Less than10.283
Debt to Equity Ratio (MRQ)Less than10.394
Return on Equity (MRQ)Greater than0.150.017
Return on Assets (MRQ)Greater than0.050.012
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Fortune Real Estate Investment Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5022.455
Ma 20Greater thanMa 504.317
Ma 50Greater thanMa 1004.444
Ma 100Greater thanMa 2004.619
OpenGreater thanClose3.920
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in HKD. All numbers in thousands.

Summary
Total Assets40,335,183
Total Liabilities11,407,882
Total Stockholder Equity28,927,301
 As reported
Total Liabilities 11,407,882
Total Stockholder Equity+ 28,927,301
Total Assets = 40,335,183

Assets

Total Assets40,335,183
Total Current Assets322,410
Long-term Assets40,012,773
Total Current Assets
Cash And Cash Equivalents 206,864
Net Receivables 60,382
Other Current Assets 33,773
Total Current Assets  (as reported)322,410
Total Current Assets  (calculated)301,019
+/- 21,391
Long-term Assets
Property Plant Equipment 39,503,270
Other Assets 509,503
Long-term Assets  (as reported)40,012,773
Long-term Assets  (calculated)40,012,773
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities3,243,964
Long-term Liabilities8,163,918
Total Stockholder Equity28,927,301
Total Current Liabilities
Short Long Term Debt 2,097,565
Accounts payable 474,150
Other Current Liabilities 961,992
Total Current Liabilities  (as reported)3,243,964
Total Current Liabilities  (calculated)3,533,707
+/- 289,743
Long-term Liabilities
Long term Debt Total 7,480,197
Other Liabilities 683,721
Long-term Liabilities  (as reported)8,163,918
Long-term Liabilities  (calculated)8,163,918
+/-0
Total Stockholder Equity
Common Stock1,970,043
Capital Surplus -286,279
Other Stockholders Equity 26,957,258
Total Stockholder Equity (as reported)28,927,301
Total Stockholder Equity (calculated)28,641,022
+/- 286,279
Other
Capital Stock8,312,777
Cash and Short Term Investments 206,864
Common Stock Shares Outstanding 1,992,462
Liabilities and Stockholders Equity 40,335,183
Net Debt 9,370,898
Net Invested Capital 38,505,063
Net Tangible Assets 28,927,301
Net Working Capital -2,921,554



Balance Sheet

Currency in HKD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-31
> Total Assets 
19,936,998
41,359,463
48,284,105
54,186,293
8,882,392
12,063,004
13,869,314
17,319,530
20,841,267
30,330,174
33,597,491
36,707,664
37,071,199
39,622,128
42,632,464
43,049,489
39,336,261
39,724,711
40,335,183
40,335,18339,724,71139,336,26143,049,48942,632,46439,622,12837,071,19936,707,66433,597,49130,330,17420,841,26717,319,53013,869,31412,063,0048,882,39254,186,29348,284,10541,359,46319,936,998
   > Total Current Assets 
654,836
1,625,176
1,432,547
1,512,083
280,275
562,960
569,314
931,530
633,267
925,268
749,260
783,780
652,497
1,851,849
613,648
228,162
261,261
203,699
322,410
322,410203,699261,261228,162613,6481,851,849652,497783,780749,260925,268633,267931,530569,314562,960280,2751,512,0831,432,5471,625,176654,836
       Cash And Cash Equivalents 
493,393
994,108
1,275,997
1,312,995
243,361
515,341
506,073
881,721
578,022
858,175
688,407
710,339
585,217
516,036
542,899
136,375
177,167
117,962
206,864
206,864117,962177,167136,375542,899516,036585,217710,339688,407858,175578,022881,721506,073515,341243,3611,312,9951,275,997994,108493,393
       Short-term Investments 
0
407,037
4,586
4,902
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000004,9024,586407,0370
       Net Receivables 
0
0
0
0
0
0
0
0
32,458
42,198
35,307
43,541
37,160
239,160
36,192
56,501
54,602
45,753
60,382
60,38245,75354,60256,50136,192239,16037,16043,54135,30742,19832,45800000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
24,895
25,546
28,078
30,120
1,095,985
28,267
28,995
29,492
29,953
33,773
33,77329,95329,49228,99528,2671,095,98530,12028,07825,54624,895000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
36,418,702
37,770,279
42,018,816
42,821,327
39,075,000
39,521,012
40,012,773
40,012,77339,521,01239,075,00042,821,32742,018,81637,770,27936,418,702000000000000
       Property Plant Equipment 
19,922,151
39,734,287
46,851,117
52,674,210
117
44
0
0
0
0
32,720,000
35,918,000
36,368,000
37,751,000
42,000,000
42,820,000
39,075,000
39,500,000
39,503,270
39,503,27039,500,00039,075,00042,820,00042,000,00037,751,00036,368,00035,918,00032,720,00000004411752,674,21046,851,11739,734,28719,922,151
       Long Term Investments 
0
0
0
0
0
0
0
0
0
66,906
32,306
5,884
50,702
19,279
18,816
1,327
0
0
0
0001,32718,81619,27950,7025,88432,30666,906000000000
       Long-term Assets Other 
-639,990
0
441
0
0
0
0
0
0
0
0
0
36,418,702
37,770,279
42,018,816
42,821,327
0
0
0
00042,821,32742,018,81637,770,27936,418,7020000000004410-639,990
> Total Liabilities 
5,015,817
12,372,003
13,453,700
14,564,824
2,726,028
3,230,342
3,535,626
4,091,760
5,863,558
11,220,847
11,221,954
12,601,340
12,526,316
12,734,361
10,619,099
10,425,369
10,704,759
10,541,533
11,407,882
11,407,88210,541,53310,704,75910,425,36910,619,09912,734,36112,526,31612,601,34011,221,95411,220,8475,863,5584,091,7603,535,6263,230,3422,726,02814,564,82413,453,70012,372,0035,015,817
   > Total Current Liabilities 
465,963
965,747
1,017,733
1,079,071
215,142
3,096,936
559,719
1,002,643
1,646,500
1,973,299
1,928,992
4,924,666
1,864,582
2,998,002
1,688,309
4,931,114
4,829,028
2,677,654
3,243,964
3,243,9642,677,6544,829,0284,931,1141,688,3092,998,0021,864,5824,924,6661,928,9921,973,2991,646,5001,002,643559,7193,096,936215,1421,079,0711,017,733965,747465,963
       Short-term Debt 
0
0
11,328
5,542
0
2,786,286
79,000
420,000
940,000
970,000
940,000
3,780,054
630,000
1,496,788
400,000
3,499,379
3,594,667
0
0
003,594,6673,499,379400,0001,496,788630,0003,780,054940,000970,000940,000420,00079,0002,786,28605,54211,32800
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
9,892,539
940,000
3,786,526
630,000
1,496,788
400,000
3,499,379
3,594,667
1,599,600
2,097,565
2,097,5651,599,6003,594,6673,499,379400,0001,496,788630,0003,786,526940,0009,892,539000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
488,499
511,134
790,411
532,993
717,317
685,870
474,150
474,150685,870717,317532,993790,411511,134488,499000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
857,742
839,187
957,445
996,850
1,274,259
1,046,470
1,221,146
1,050,371
892,903
961,992
961,992892,9031,050,3711,221,1461,046,4701,274,259996,850957,445839,187857,742000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
10,661,734
9,736,359
8,930,790
5,494,255
5,875,731
7,863,879
8,163,918
8,163,9187,863,8795,875,7315,494,2558,930,7909,736,35910,661,734000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
7,228,970
10,229,967
9,286,423
8,459,456
4,979,800
5,164,705
7,240,917
7,480,197
7,480,1977,240,9175,164,7054,979,8008,459,4569,286,42310,229,9677,228,97000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
378,235
394,867
426,802
444,146
471,334
500,771
530,770
562,461
683,721
683,721562,461530,770500,771471,334444,146426,802394,867378,2350000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
0
22,375,537
24,106,324
24,544,883
26,887,767
32,013,365
32,624,120
28,631,502
29,183,178
28,927,301
28,927,30129,183,17828,631,50232,624,12032,013,36526,887,76724,544,88324,106,32422,375,5370000000000
   Common Stock
0
0
0
0
0
0
0
0
0
7,550,172
7,665,247
7,771,032
7,879,828
7,992,482
8,081,742
8,208,836
8,333,898
8,450,769
1,970,043
1,970,0438,450,7698,333,8988,208,8368,081,7427,992,4827,879,8287,771,0327,665,2477,550,172000000000
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 00000000000000-2940000
   Capital Surplus -286,279-286,279-286,279-286,279-286,279-286,279-286,279-286,27900000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
-316,706
-7,041
-286,279
-286,279
-254,520
-253,900
20,297,604
-256,410
26,957,258
26,957,258-256,41020,297,604-253,900-254,520-286,279-286,279-7,041-316,7060000000000



Balance Sheet

Currency in HKD. All numbers in thousands.




Cash Flow

Currency in HKD. All numbers in thousands.




Income Statement

Currency in HKD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue1,764,355
Cost of Revenue-592,562
Gross Profit1,171,7931,171,793
 
Operating Income (+$)
Gross Profit1,171,793
Operating Expense-598,472
Operating Income1,165,915573,321
 
Operating Expense (+$)
Research Development0
Selling General Administrative5,910
Selling And Marketing Expenses0
Operating Expense598,4725,910
 
Net Interest Income (+$)
Interest Income369,575
Interest Expense-32
Other Finance Cost-610,147
Net Interest Income-240,604
 
Pretax Income (+$)
Operating Income1,165,915
Net Interest Income-240,604
Other Non-Operating Income Expenses0
Income Before Tax (EBT)777,2051,165,915
EBIT - interestExpense = 1,165,851
777,205
502,668
Interest Expense32
Earnings Before Interest and Taxes (EBIT)1,165,883777,237
Earnings Before Interest and Taxes (EBITDA)998,706
 
After tax Income (+$)
Income Before Tax777,205
Tax Provision-274,569
Net Income From Continuing Ops502,636502,636
Net Income502,636
Net Income Applicable To Common Shares502,636
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0240,604
 

Technical Analysis of Fortune Real Estate Investment Trust
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Fortune Real Estate Investment Trust. The general trend of Fortune Real Estate Investment Trust is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Fortune Real Estate Investment Trust's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Fortune Real Estate Investment Trust.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 4.21 < 4.39 < 4.4.

The bearish price targets are: .

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Fortune Real Estate Investment Trust Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Fortune Real Estate Investment Trust. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Fortune Real Estate Investment Trust Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Fortune Real Estate Investment Trust. The current macd is -0.1175586.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Fortune Real Estate Investment Trust price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Fortune Real Estate Investment Trust. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Fortune Real Estate Investment Trust price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Fortune Real Estate Investment Trust Daily Moving Average Convergence/Divergence (MACD) ChartFortune Real Estate Investment Trust Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Fortune Real Estate Investment Trust. The current adx is 30.02.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Fortune Real Estate Investment Trust shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Fortune Real Estate Investment Trust Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Fortune Real Estate Investment Trust. The current sar is 4.42212084.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Fortune Real Estate Investment Trust Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Fortune Real Estate Investment Trust. The current rsi is 22.46. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
  • Trending down: The RSI is trending down. -1
Fortune Real Estate Investment Trust Daily Relative Strength Index (RSI) ChartFortune Real Estate Investment Trust Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Fortune Real Estate Investment Trust. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Fortune Real Estate Investment Trust price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Fortune Real Estate Investment Trust Daily Stochastic Oscillator ChartFortune Real Estate Investment Trust Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Fortune Real Estate Investment Trust. The current cci is -312.8042328.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Fortune Real Estate Investment Trust Daily Commodity Channel Index (CCI) ChartFortune Real Estate Investment Trust Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Fortune Real Estate Investment Trust. The current cmo is -65.50836688.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Fortune Real Estate Investment Trust Daily Chande Momentum Oscillator (CMO) ChartFortune Real Estate Investment Trust Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Fortune Real Estate Investment Trust. The current willr is -81.57894737.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Fortune Real Estate Investment Trust Daily Williams %R ChartFortune Real Estate Investment Trust Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Fortune Real Estate Investment Trust.

Fortune Real Estate Investment Trust Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Fortune Real Estate Investment Trust. The current atr is 0.1108715.

Fortune Real Estate Investment Trust Daily Average True Range (ATR) ChartFortune Real Estate Investment Trust Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Fortune Real Estate Investment Trust. The current obv is -128,716,558.

Fortune Real Estate Investment Trust Daily On-Balance Volume (OBV) ChartFortune Real Estate Investment Trust Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Fortune Real Estate Investment Trust. The current mfi is 33.77.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Fortune Real Estate Investment Trust Daily Money Flow Index (MFI) ChartFortune Real Estate Investment Trust Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Fortune Real Estate Investment Trust.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-02RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-24MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Fortune Real Estate Investment Trust Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Fortune Real Estate Investment Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5022.455
Ma 20Greater thanMa 504.317
Ma 50Greater thanMa 1004.444
Ma 100Greater thanMa 2004.619
OpenGreater thanClose3.920
Total1/5 (20.0%)
Penke

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