Added 3,000 shares of Link Reit on 9 Jun at HKD47.40 Reason for buying: 1) Near to 5 years low (Even lower than during Covid) Link Reit is the largest REIT in Asia by market capitalisation

Image from Proposed Merger of MCT and MNACT (Apr 2022)

I believe one of the main reason for this giant to trade at such low price now is mainly due to Rights Issue in Feb 2023 at 29.6% discount to last trading price (Link). This resulted in lower dividend % due to enlarged share numbers. Nevertheless, the Rights Issue is 240% subscribed (Link). 2) Dividend 5.69%This time round, there is a scrip option for dividend where we can get discounted shares :) 3) PB 0.64 We are looking at 14% upside for PB if it can hit the average 0.88 4) Hong Kong Retail +7.1% rental reversion Hong Kong Retail is 52.4% of Link Reit portfolio. As long as the rental reversion is positive, Link Reit should be good. 5) Hong Kong Car Parks Income...