Chairman, sgtradex

Tan Chin-Hwee

Chairman

Thematic (Sector/Industry)

On March 31, Hong Kong’s Securities and Futures Appeals Tribunal largely upheld the findings of the Securities and Futures Commission (SFC) against Moody’sInvestors Service. Moody’s has received a public reprimand and an HK$11 million (S$1.9 million) fine for various failings related to a report issued in July of 2011 that searched for “red flags” on various issues for a number of Chinese companies. We, like many others in financial markets across the region, are perplexed both with the SFC’s prosecution of Moody’s and the tribunal’s decision. While the SFC probably feels that it has scored a victory for the market integrity of Hong Kong, it has instead stunted the development of the offshore debt market for Chinese companies,misallocated its own enforcement resources and, intentionally or not, let itself be seen as responding to negative commentary on companies that issue securities in Hong Kong.

On March 31, Hong Kong’s Securities and Futures Appeals Tribunal largely upheld the findings of the Securities and Futures Commission (SFC) against Moody’sInvestors Service. Moody’s has received a public reprimand and an HK$11 million (S$1.9 million) fine for various failings related to a report issued in July of 2011 that searched for “red flags” on various issues for a number of Chinese companies. We, like many others in financial markets across the region, are perplexed both with the SFC’s prosecution of Moody’s and the tribunal’s decision. While the SFC probably feels that it has scored a victory for the market integrity of Hong Kong, it has instead stunted the development of the offshore debt market for Chinese companies,misallocated its own enforcement resources and, intentionally or not, let itself be seen as responding to negative commentary on companies that issue securities in Hong Kong.

I have had the highest respect of SFC  but it may be a dark day for those who engage in the practice of financial research and due diligence with the controversial lawsuit by the regulator SFC in HK against the rating agency Moody's for their piece on China.Lawsuit come in just in time for the movie "10 Years" to achieve the top Movie Award-maybe the producers should have another segment in the Movie about Hong Kong's days as an international financial centre in the past to now a Chinese…

I have had the highest respect of SFC  but it may be a dark day for those who engage in the practice of financial research and due diligence with the controversial lawsuit by the regulator SFC in HK against the rating agency Moody's for their piece on China.Lawsuit come in just in time for the movie "10 Years" to achieve the top Movie Award-maybe the producers should have another segment in the Movie about Hong Kong's days as an international financial centre in the past to now a Chinese…

Moody's Vs SFC - A Dark Day for Hong Kong?

Hong Kong

Hui Xian Real Estate Investment Trust is a real estate investment trust. The trust's sole real estate investment interest at the time of its listing is its investment interest in the Oriental Plaza in Beijing.

Sunlight Real Estate Investment Trust is a real estate investment trust that invests in a portfolio of office and retail properties throughout Hong Kong.

Spring Real Estate Investment Trust is a real estate investment trust formed primarily to own and invest in high quality income-producing real estate in Asia.

Prosperity REIT is a real estate investment trust formed primarily to own and invest in commercial properties, with exposure to the office and industrial office sectors in Hong Kong.

Regal Real Estate Investment Trust is a real estate investment trust that invests in hotel properties.

Regal Real Estate Investment Trust (1881 HK)

China Merchants Commercial Real Estate Investment Trust operates as a Hong Kong collective investment scheme. The Company invests primarilyin income-generating properties and uses the income to provide stable returns to itsunitholders. China Merchants Commercial Real Estate Investment Trust provides services in Hong Kong.

China Merchants Commercial REIT (1503 HK)

C C Land Holdings Limited, through its subsidiaries, develops and invests in properties in Western China. The company also manufactures and trades packaging products and luggage, and invests in treasuries as well.

Poly Property Group Co., Ltd. develops, invests in, and manages properties in China.  The Company develops mid- to high-end residential and commercial projects in first-tier and second-tier provincial capitals in Central and Southwestern China.

Tian An China Investments Co Ltd, through its subsidiaries, develops and manages properties, and provides agency services.  The Company also sells construction materials.

K Wah International Holdings Limited is principally involved in property development and investment in Hong Kong, Mainland China and Singapore. The Company also holds an interest in Galaxy Entertainment Group.

Frasers Hospitality Trust operates as a real estate investment trust. The Trust owns, operates and invests in hotels and serviced residences.

Universal Health Realty Income Trust is a real estate investment trust that invests in healthcare and human service related facilities, including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute care facilities, surgery centers, childcare centers and medical office buildings.

Universal Health Realty Income Trust (UHT US)

Charter Hall Social Infrastructure REIT operates as a real estate investment trust. The Company invests in social infrastructure properties, as well as provides assets and capital management services. Charter Hall Social Infrastructure serves clients in Australia and New Zealand.

Charter Hall Social Infrastructure REIT (CQE AU)

Summit Hotel Properties, Inc. is a real estate investment trust.  The trust invests in hotels in the United States that do not serve food and beverages and serve the middle and upscale markets.  Most of the hotels are franchised from brand name hotel companies.

Whitestone REIT is a real estate investment trust.  The Trust invests in and operates retail, industrial and office properties.

Global One Real Estate Investment Corp., Ltd. is a real estate investment trust (REIT) that invests in income producing properties.  The Company mainly invests in office buildings in metropolitan, Chubu, and Kinki areas.

Global One Real Estate Investment Corp (8958 JP)

Hankyu Hanshin REIT, Inc. is a real estate investment trust (REIT). The Company invests in real estate properties such as commercial and office buildings.

Axis Real Estate Investment Trust is a real estate investment trust that owns and invests in a portfolio of commercial, office and office/retail real estate located in Malaysia. The portfolio includes Axis Business Park, Menara Axis, Crystal Plaza, Infinite Centre and Axis Plaza.

Gladstone Commercial Corporation was created to invest in and own net leased industrial and commercial real estate property and making long-term industrial and commercial mortgage loans.  The company is actively seeking and evaluating properties for potential acquisition or mortgage financing.

Property for Industry Limited is a property company that invests in New Zealand industrial properties. The Company's property portfolio includes sites in Auckland, Hamilton, Tauranga, Wellington and Christchurch.

Yuexiu Real Estate Investment Trust invests in a diverse portfolio of income producing properties which are used primarily for office, retail, and other commercial purposes in China.

Yuexiu Real Estate Investment Trust (405 HK)

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Yuexiu Real Estate Investment Trust (405 HK)

Hong Kong Beats Moody's but Loses Big

On March 31, Hong Kong’s Securities and Futures Appeals Tribunal largely upheld the findings of the Securities and Futures Commission (SFC) against...

Tan Chin-Hwee

Moody's Vs SFC - A Dark Day for Hong Kong?

I have had the highest respect of SFC but it may be a dark day for those who engage in the practice of financial research and due diligence with...

Tan Chin-Hwee

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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