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Macro, energy, alternative energy, contrarian

Fortune REIT: Significantly Undervalued Due To Market's Misunderstanding Of Hong Kong Retail Market

Fortune REIT (OTC:FRIVF) is a real estate investment trust that trades simultaneously on the Singapore Securities Exchange and the Hong Kong Stock Exchange. As such, the trust has two primary trading symbols corresponding to each exchange. On the Hong Kong Exchange, the REIT trades under the symbol 778 and on the Singapore Securities Exchange it trades under the symbol F25U. It also trades over-the-counter in the United States under the symbol FRIVF, however this listing has significantly less liquidity than the trust's native listings in Hong Kong and Singapore.

Despite the dual listing, the trust only operates in Hong Kong. The trust owns seventeen retail malls and other retail-focused properties located throughout the Chinese Special Administrative District.

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