{"ticker": {"uuid": "664eac86-6442-4496-95d0-7550f22b39ae", "symbol": "0435", "name": "Sunlight Real Estate Investment Trust", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "0435 closed the latest completed week at 2.25 HKD. The 4-week return is -3.4% and the 12-week return is -7.0%. Trend Signal is inactive, Market Dynamics is -1.15.", "description": "Sunlight Real Estate Investment Trust is a Hong Kong collective investment scheme constituted as a unit trust. By the Trust Deed and is authorized under section 104 of the Securities and Futures Ordinance, Sunlight REIT is listed on the Main Board of The Stock Exchange of Hong Kong Limited. The principal activity of Sunlight REIT and its subsidiaries (collectively referred to as the Group) is to own and invest in income-producing office and retail properties in Hong Kong with the objective of providing unitholders with regular and stable cash distributions with the potential for sustainable long-term growth of such distributions and enhancement in value of the property portfolio. It has its principal place of business at 30th Floor, Dah Sing Financial Centre, 248 Queen's Road East, Wan Chai, Hong Kong. Sunlight Real Estate Investment Trust was incorporated in 2006 in Hong Kong.", "setup_signature": "Balanced read", "composite_score": "45", "kpis": [{"label": "Latest Close", "value": "2.25 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "0.0%", "tone": "neutral", "hint": "latest completed week"}, {"label": "4W Return", "value": "-3.4%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-7.0%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "88.5%", "hint": "46 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.1x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Real Estate", "industry": "Reit - Diversified", "currency": "HKD", "market_cap": "4.0B"}, "price": {"trend_line": "2.32 HKD", "fair_value": "1.89 HKD", "vs_trend": "-3.2%", "vs_fair_value": "19.2%", "high_52": "2.70 HKD", "low_52": "1.98 HKD", "drawdown": "-16.6%", "range_position": "37.3%"}, "momentum": {"returns": [{"label": "1W", "value": 0.0, "value_label": "0.0%", "tone": "neutral", "width": 4}, {"label": "4W", "value": -3.433476394849788, "value_label": "-3.4%", "tone": "negative", "width": 9.809932556713681}, {"label": "12W", "value": -6.972359627492512, "value_label": "-7.0%", "tone": "negative", "width": 19.921027507121465}, {"label": "26W", "value": 0.21432503647800613, "value_label": "0.2%", "tone": "positive", "width": 4}, {"label": "52W", "value": 12.940921356977642, "value_label": "12.9%", "tone": "positive", "width": 36.974061019936116}], "trend_streak": 0, "active_weeks": 46, "active_breadth": "88.5%", "peer": {"scope": "HK Real Estate", "count": 249, "rank": 95, "percentile": 62.096774193548384, "avg_weekly_return": -1.394328138914688}}, "setup": {"scores": [{"label": "Trend", "value": 48.65384615384615, "value_label": "49", "width": 48.65384615384615, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 35.827880627102225, "value_label": "36", "width": 35.827880627102225, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 26.63202588381288, "value_label": "27", "width": 26.63202588381288, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 62.989323745566956, "value_label": "63", "width": 62.989323745566956, "tone": "neutral", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 45.985359611310855, "value_label": "46", "width": 45.985359611310855, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 52.458483293774655, "value_label": "52", "width": 52.458483293774655, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 2.7027027027026964, "return_label": "2.7%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 22.522522522522472}, {"week": "6 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "13 Mar", "return": -5.639097744360907, "return_label": "-5.6%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 46.99248120300756}, {"week": "20 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "27 Mar", "return": -3.6647101920255762, "return_label": "-3.7%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 30.539251600213134}, {"week": "3 Apr", "return": -3.8626609442060027, "return_label": "-3.9%", "tone": "negative", "trend": true, "buy_signal": false, 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"positive_md": true, "positive_rs": false}]}, "industry": {"scope": "HK Reit - Diversified", "count": 3, "avg_weekly_return": -0.6114988368228653, "avg_four_week_return": -7.469918681762253, "avg_twelve_week_return": -13.707929837218432, "trend_breadth": 0.0, "positive_md_breadth": 0.0, "positive_rs_breadth": 33.33333333333333, "week_rank": 2, "four_week_rank": 1, "twelve_week_rank": 1, "top_peers": [{"id": 39785, "symbol": "0435", "name": "Sunlight Real Estate Investment Trust", "exchange": "HKG", "url": "/terminal/664eac86-6442-4496-95d0-7550f22b39ae/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": -3.433476394849788, "four_week_return_label": "-3.4%", "four_week_return_tone": "negative", "twelve_week_return": -6.972359627492512, "twelve_week_return_label": "-7.0%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": true}, {"id": 44259, "symbol": "87001", "name": "Hui Xian Real Estate Investment Trust", "exchange": "HKG", "url": "/terminal/7f8a2f08-d1f5-4381-9a79-532ebd8cba25/report/", "weekly_return": -3.529411764705886, "weekly_return_label": "-3.5%", "weekly_return_tone": "negative", "four_week_return": -7.8651685393258495, "four_week_return_label": "-7.9%", "four_week_return_tone": "negative", "twelve_week_return": -7.28973991380208, "twelve_week_return_label": "-7.3%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 41194, "symbol": "1426", "name": "Spring Real Estate Investment Trust", "exchange": "HKG", "url": "/terminal/fdf6e60f-26b0-4d72-8905-e604a75d554e/report/", "weekly_return": 1.6949152542372898, "weekly_return_label": "1.7%", "weekly_return_tone": "positive", "four_week_return": -11.11111111111112, "four_week_return_label": "-11.1%", "four_week_return_tone": "negative", "twelve_week_return": -26.861689970360704, "twelve_week_return_label": "-26.9%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-1.15", "market_dynamics_tone": "negative", "md_4_change": "-33.5%", "relative_strength": "3.70", "rs_4_change": "23.5%", "expectation": "Undecided", "expectation_probability": "46.81%"}, "volume": {"latest": "8.5M", "average_13": "7.7M", "average_52": "7.3M", "ratio_13": "1.1x", "ratio_52": "1.2x"}, "risk": {"volatility_13": "2.8%", "volatility_52": "2.7%", "downside_weeks": 17, "upside_weeks": 27, "downside_breadth": "32.7%", "average_gain": "2.2%", "average_loss": "-2.7%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-3.2%", "tone": "negative"}, {"label": "Volume", "value": "1.1x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "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.", "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": "2.25 HKD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "2.32 HKD", "fair_value": "1.89 HKD", "market_dynamics": "-1.15", "relative_strength": "3.70", "volume": "8.5M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "2.25 HKD", "weekly_return": -2.173913043478253, "weekly_return_label": "-2.2%", "weekly_return_tone": "negative", "trend_line": "2.33 HKD", "fair_value": "1.89 HKD", "market_dynamics": "-1.04", 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