Mexico has officially launched retaliatory tariffs on US pork but the US stock market was wholly unaffected. The Dow Jones Industrial Average had only dipped slightly, while the Nasdaq Index continues to make new highs.
On 7 June 2018, the share price of Tencent Holdings Ltd (700.HK) had broken its previous high made on 17 May 2018 and a large number of other second and third-tier Hong Kong-listed tech stocks are undergoing another bout of speculation once again.
However, investors should be cautious about stocks that only “took off from ground level”, as these stocks might just be being manipulated. Therefore, investors should look at the past performance of the stock over the past three years.
Link REIT Growing Aggressively
Link REIT (823.HK) recently announced its results for the financial year ended 31 March 2018. Its dividends are distributed semiannually, and each time, the dividends would be fully paid from its distributable profits.
Link REIT’s final dividend per share in March 2018 is HK$1.2828, which is a 5.54 percent growth from its interim dividend per share of HK$1.215 in September 2017. Compared to last year, distribution has risen 9.4 percent.
Looking ahead, Link REIT’s performance should get even better, considering that it has just started renting out its property at 700 Nathan Road, Mong Kok. Meanwhile, the REIT’s commercial buildings at Kowloon Bay should be completed early next year and its rental income should be boosted significantly.
Gaming Stocks Amidst World Cup Season
The stock market has recently started speculating on The FIFA World Cup concept stocks. That said, knowing when to exit the market just in time (after making gains) is a profound knowledge that is not easy to master.
The start of the World Cup has attracted huge sums of money relating to betting, away from Macau casinos. Perhaps, a price correction in Macau gaming stocks is in the making. However, Macau gaming stocks should not stay affected for long given the short duration of the World Cup series. In that case, if a price correction emerges for Macau casinos, it could actually be an opportunity to buy at a bargain.