{"ticker": {"uuid": "1df9e1ff-d432-449d-915a-cee41fec5275", "symbol": "1503", "name": "China Merchants Commercial Real Estate Investment Trust", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "1503 closed the latest completed week at 1.08 HKD. The 4-week return is -4.4% and the 12-week return is -5.9%. Trend Signal is inactive, Market Dynamics is -1.45.", "description": "China Merchants Commercial Real Estate Investment Trust is a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance. (Chapter 571 of the Laws of Hong Kong) and its units are listed on the Main Board of the Stock Exchange of Hong Kong Limited. China Merchants Commercial REIT is governed by the deed of trust dated 15 November 2019, as amended from time to time (the Trust Deed), entered into between China Merchants Land Assets Management Co., Limited (the Manager) and DB Trustees (Hong Kong) Limited (the Trustee), and the Code on Real Estate Investment Trusts issued by the Securities and Futures Commission of Hong Kong. The principal activity of China Merchants Commercial REIT is investment holding and its subsidiaries own and invest in income-producing commercial properties in Shenzhen and Beijing with the objective of producing stable and sustainable distributions to unitholders and to achieve long term growth in the net asset value per unit. The address of the registered office of the Manager and the Trustee, 22/F, 308 Central Des Voeux, No. 308 Des Voeux Road Central, Sheung Wan, Hong Kong and DB Trustees (Hong Kong) Limited Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. China Merchants Commercial Real Estate Investment Trust was established on November 15, 2019 and incorporated in Hong Kong.", "setup_signature": "Risk-first tape", "composite_score": "35", "kpis": [{"label": "Latest Close", "value": "1.08 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-1.8%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-4.4%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-5.9%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "53.8%", "hint": "28 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.8x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Real Estate", "industry": "Reit - Office", "currency": "HKD", "market_cap": "1.3B"}, "price": {"trend_line": "1.17 HKD", "fair_value": "1.11 HKD", "vs_trend": "-8.0%", "vs_fair_value": "-2.5%", "high_52": "1.31 HKD", "low_52": "1.07 HKD", "drawdown": "-17.8%", "range_position": "4.1%"}, "momentum": {"returns": [{"label": "1W", "value": -1.8181818181818195, "value_label": "-1.8%", "tone": "negative", "width": 5.194805194805198}, {"label": "4W", "value": -4.424778761061932, "value_label": "-4.4%", "tone": "negative", "width": 12.64222503160552}, {"label": "12W", "value": -5.947841111069494, "value_label": "-5.9%", "tone": "negative", "width": 16.99383174591284}, {"label": "26W", "value": -10.462387155663619, "value_label": "-10.5%", "tone": "negative", "width": 29.892534730467478}, {"label": "52W", "value": -4.3654514880470074, "value_label": "-4.4%", "tone": "negative", "width": 12.472718537277164}], "trend_streak": 0, "active_weeks": 28, "active_breadth": "53.8%", "peer": {"scope": "HK Real Estate", "count": 249, "rank": 134, "percentile": 46.37096774193549, "avg_weekly_return": -1.394328138914688}}, "setup": {"scores": [{"label": "Trend", "value": 29.615384615384617, "value_label": "30", "width": 29.615384615384617, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 34.46995184959501, "value_label": "34", "width": 34.46995184959501, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 22.989524997563137, "value_label": "23", "width": 22.989524997563137, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 33.8272765074678, "value_label": "34", "width": 33.8272765074678, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 32.189704709665044, "value_label": "32", "width": 32.189704709665044, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 54.474813917163324, "value_label": "54", "width": 54.474813917163324, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 3.174579675386514, "return_label": "3.2%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 26.45483062822095}, {"week": "6 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "13 Mar", "return": -3.0769010015592495, "return_label": "-3.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 25.640841679660415}, {"week": "20 Mar", "return": -5.555555555555557, "return_label": "-5.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 46.296296296296305}, {"week": "27 Mar", "return": -1.6806598281458012, "return_label": "-1.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.005498567881677}, 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"return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "22 May", "return": -1.7699115044247606, "return_label": "-1.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.749262536873006}, {"week": "29 May", "return": -0.9009009009009016, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.507507507507513}, {"week": "5 Jun", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "12 Jun", "return": -1.8181818181818195, "return_label": "-1.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 15.151515151515163}]}, "groups": {"sector": {"scope": "HK Real Estate", "count": 100, "avg_weekly_return": -1.4419901623168982, "avg_four_week_return": -9.103308774057155, 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"weekly_return_tone": "positive", "four_week_return": 17.69230769230769, "four_week_return_label": "17.7%", "four_week_return_tone": "positive", "twelve_week_return": 17.69230769230769, "twelve_week_return_label": "17.7%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 42476, "symbol": "2602", "name": "Onewo Inc.", "exchange": "HKG", "url": "/terminal/50c4c4bd-f190-4343-9bb3-d40b2ba4c3d0/report/", "weekly_return": 10.410094637223978, "weekly_return_label": "10.4%", "weekly_return_tone": "positive", "four_week_return": 16.731517509727638, "four_week_return_label": "16.7%", "four_week_return_tone": "positive", "twelve_week_return": 23.780934623861572, "twelve_week_return_label": "23.8%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 40595, "symbol": "1009", "name": "International Entertainment Corporation", "exchange": "HKG", "url": 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"positive_md": true, "positive_rs": false}]}, "industry": {"scope": "HK Reit - Office", "count": 3, "avg_weekly_return": -1.545027742210842, "avg_four_week_return": -7.260331062114807, "avg_twelve_week_return": -4.772238559572166, "trend_breadth": 33.33333333333333, "positive_md_breadth": 0.0, "positive_rs_breadth": 33.33333333333333, "week_rank": 2, "four_week_rank": 1, "twelve_week_rank": 2, "top_peers": [{"id": 41240, "symbol": "1503", "name": "China Merchants Commercial Real Estate Investment Trust", "exchange": "HKG", "url": "/terminal/1df9e1ff-d432-449d-915a-cee41fec5275/report/", "weekly_return": -1.8181818181818195, "weekly_return_label": "-1.8%", "weekly_return_tone": "negative", "four_week_return": -4.424778761061932, "four_week_return_label": "-4.4%", "four_week_return_tone": "negative", "twelve_week_return": -5.947841111069494, "twelve_week_return_label": "-5.9%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 40287, "symbol": "0808", "name": "Prosperity Real Estate Investment Trust", "exchange": "HKG", "url": "/terminal/c5d81545-ca66-4d48-bdd1-8461a60e10c5/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": -4.697986577181212, "four_week_return_label": "-4.7%", "four_week_return_tone": "negative", "twelve_week_return": 1.8608981835762866, "twelve_week_return_label": "1.9%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": true}, {"id": 39742, "symbol": "0405", "name": "Yuexiu Real Estate Investment Trust", "exchange": "HKG", "url": "/terminal/98ff420d-6b24-4c46-b85a-c262addb2f72/report/", "weekly_return": -2.8169014084507067, "weekly_return_label": "-2.8%", "weekly_return_tone": "negative", "four_week_return": -12.658227848101278, "four_week_return_label": "-12.7%", "four_week_return_tone": "negative", "twelve_week_return": -10.22977275122329, "twelve_week_return_label": "-10.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-1.45", "market_dynamics_tone": "negative", "md_4_change": "-12.5%", "relative_strength": "-5.73", "rs_4_change": "12.6%", "expectation": "Negative", "expectation_probability": "37.99%"}, "volume": {"latest": "1.9M", "average_13": "2.5M", "average_52": "2.1M", "ratio_13": "0.8x", "ratio_52": "0.9x"}, "risk": {"volatility_13": "1.6%", "volatility_52": "1.7%", "downside_weeks": 19, "upside_weeks": 19, "downside_breadth": "36.5%", "average_gain": "1.5%", "average_loss": "-1.7%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-8.0%", "tone": "negative"}, {"label": "Volume", "value": "0.8x", "tone": "neutral"}], "opportunities": ["No strong opportunity cluster is confirmed yet; monitor trend and Market Dynamics."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Market Dynamics is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "1.08 HKD", "weekly_return": -1.8181818181818195, "weekly_return_label": "-1.8%", "weekly_return_tone": "negative", "trend_line": "1.17 HKD", "fair_value": "1.11 HKD", "market_dynamics": "-1.45", "relative_strength": "-5.73", "volume": "1.9M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "1.10 HKD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": 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