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Champion Real Estate Investment Trust 02778

Morningstar Rating
HKD 1.55 −0.03 (1.90%)
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Company Report

Price vs Fair Value

02778 is trading at a 39% discount.
Price
HKD 1.55
Fair Value
HKD 7.51
Uncertainty
Medium
1-Star Price
HKD 6.49
5-Star Price
HKD 1.64
Economic Moat
Rqcl
Capital Allocation
Jtmwsgwd

Bulls Say, Bears Say

Bulls

Three Garden Road occupancy recovers ahead of expectations as corporates look to lock in favorable rents in the current downturn.

Bears

Multinational companies continue to shift out of Hong Kong while Chinese corporates seek other gateway cities for regional expansion, resulting in weak office demand.

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Trading Information

Previous Close Price
HKD 1.58
Day Range
HKD 1.551.63
52-Week Range
HKD 1.483.42
Bid/Ask
HKD 1.55 / HKD 1.56
Market Cap
HKD 9.38 Bil
Volume/Avg
2.1 Mil / 5.2 Mil

Key Statistics

Price/Earnings (Normalized)
10.59
Price/Sales
3.61
Dividend Yield (Trailing)
11.74%
Dividend Yield (Forward)
9.75%
Total Yield
11.74%

Company Profile

Champion Real Estate Investment Trust, or Champion REIT, owns and invests in income-producing office and retail properties, with a focus on Grade A commercial properties in prime locations. In Hong Kong, the trust holds two assets in Three Garden Road in the central business district and the retail and office components of Langham Place in Mongkok. Great Eagle Holdings listed Champion REIT with a 91.5% stake in Three Garden Road in 2006 and injected the Langham Place office and retail portions into the trust in 2008. The trust acquired the remaining stake in Three Garden Road and unified ownership of the property in 2013. Great Eagle Holdings retains a 68.3% stake in Champion REIT. In 2021, the trust entered into a joint venture to acquire a 27% stake in 66 Shoe Lane in London.
Sector
Real Estate
Industry
REIT - Retail
Stock Style Box
Mid Value
Total Number of Employees

Competitors

Valuation

Metric
02778
01972
H78
Price/Earnings (Normalized)
10.5911.408.48
Price/Book Value
0.200.310.19
Price/Sales
3.615.973.39
Price/Cash Flow
8.4913.1514.77
Price/Earnings
02778
01972
H78

Financial Strength

Metric
02778
01972
H78
Quick Ratio
0.160.480.61
Current Ratio
0.161.031.70
Interest Coverage
1.597.92−1.16
Quick Ratio
02778
01972
H78

Profitability

Metric
02778
01972
H78
Return on Assets (Normalized)
0.35%2.11%1.87%
Return on Equity (Normalized)
0.48%2.54%2.39%
Return on Invested Capital (Normalized)
1.13%2.33%2.39%
Return on Assets
02778
01972
H78
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