{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX-REIT/02778",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# CHAMPION REIT (REITs: 02778) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is CHAMPION REIT, listed on the REITs exchange of the HK market under ticker 02778, ISIN HK2778034606. The LEI is not on the record, because the ISIN is not in the GLEIF mapping file. Its security type is REIT. Segment, sector and jurisdiction are not on the record. The issuer is listed, not halted.\n\n## The disclosure read\n\nThe record holds 40 filings across 27 filing days in the window 2025-11-04 to 2026-11-04. The median gap between filing days is 13.5 days. The latest filing is a monthly return dated 2026-11-03, one day before the record date of 2026-11-04. The median latency for the exchange is 2 days, and the median cadence gap for the exchange is 11.5 days. The exchange median of filings is 41 across 11 issuers. Sector peer figures are not on the record.\n\n## Auditor\n\nThe auditor of record is Deloitte Touche Tohmatsu. Its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because the register has no lifecycle type map yet. The issuer is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 8 research houses: BofA Securities, CGS-CIMB Securities, Citigroup Global Markets, DBS, Goldman Sachs, HSBC Global Research, Morningstar Asia Limited and UBS Securities.\n\n## Open research\n\nNo openly published research notes are on the record. None were found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed, and no issuer years are sealed. The live record began on 2026-09-12. The years 2021 to 2026 are sealed in the store but are not served as of a date, and the as-of answer is not_sealed.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://mcp.hk-cm-kg.ai/events/HKEX-REIT/02778 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0325/2026032500535.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.championreit.com/investor-relations/analyst-coverage (coverage)\n- https://mcp.hk-cm-kg.ai/record/HKEX-REIT/02778 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "annual report 2026-03-25 (HKEXnews), Corporate Information, read by Tavily page extraction",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0325/2026032500535.pdf",
    "state": "confirmed",
    "value": "Deloitte Touche Tohmatsu"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX-REIT/02778",
  "coverage": {
   "count": 8,
   "houses": [
    {
     "analyst": "Fan Tso",
     "house": "BofA Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Raymond Cheng",
     "house": "CGS-CIMB Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Cindy Li",
     "house": "Citigroup Global Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Percy Leung",
     "house": "DBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Simon Cheung",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Raymond Liu",
     "house": "HSBC Global Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Xavier Lee",
     "house": "Morningstar Asia Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Mark Leung",
     "house": "UBS Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.championreit.com/investor-relations/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.championreit.com/investor-relations/analyst-coverage",
     "result": "read: 8 of 16 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 11,
     "median_cadence_gap_days": 11.5,
     "median_filings": 41,
     "median_latency_days": 2,
     "name": "REITs"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 8,
    "announcement": 5,
    "annual_report": 1,
    "circular": 2,
    "director_change": 2,
    "dividend": 2,
    "documents_on_display": 1,
    "esg_report": 1,
    "interim_report": 1,
    "monthly_return": 13,
    "next_day_disclosure": 2,
    "results": 2
   },
   "cadence_median_gap_days": 13.5,
   "filing_days": 27,
   "filings": 40,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110300529.pdf",
     "title": "MONTHLY RETURN FOR COLLECTIVE INVESTMENT SCHEME LISTED UNDER CHAPTER 20 OF THE EXCHANGE LISTING RULES (OTHER THAN LISTED OPEN-ENDED COLLECTIVE INVESTMENT SCHEME) ON MOVEMENTS IN UNITS",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-10-05",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1005/2026100500621.pdf",
     "title": "MONTHLY RETURN FOR COLLECTIVE INVESTMENT SCHEME LISTED UNDER CHAPTER 20 OF THE EXCHANGE LISTING RULES (OTHER THAN LISTED OPEN-ENDED COLLECTIVE INVESTMENT SCHEME) ON MOVEMENTS IN UNITS",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-09-16",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0916/2026091600400.pdf",
     "title": "INTERIM REPORT 2026",
     "type": "interim_report"
    },
    {
     "category": null,
     "date": "2026-09-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0903/2026090301478.pdf",
     "title": "NEXT DAY DISCLOSURE RETURN",
     "type": "next_day_disclosure"
    },
    {
     "category": null,
     "date": "2026-09-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0903/2026090301458.pdf",
     "title": "PAYMENT OF MANAGER'S FEE",
     "type": "announcement"
    }
   ],
   "latest_filing_date": "2026-11-03",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX-REIT/02778",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "REITs"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "HK2778034606"
   },
   "jurisdiction": {
    "market": "HK",
    "reason": "no LEI record",
    "state": "not_on_record"
   },
   "lei": {
    "market": "HK",
    "reason": "ISIN not in the GLEIF mapping file (no name route on this node: no search layer by order)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "CHAMPION REIT"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "REIT"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "02778"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:a6ff4d97520422b6135ec07d5124aea6578758e67ce904c7e00fa6dfe519b71b",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX-REIT/02778",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:a6ff4d97520422b6135ec07d5124aea6578758e67ce904c7e00fa6dfe519b71b",
 "path": "/hk/HKEX-REIT/02778",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is CHAMPION REIT, listed on the REITs exchange of the HK market under ticker 02778, ISIN HK2778034606. The LEI is not on the record, because the ISIN is not in the GLEIF mapping file. Its security type is REIT. Segment, sector and jurisdiction are not on the record. The issuer is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 40 filings across 27 filing days in the window 2025-11-04 to 2026-11-04. The median gap between filing days is 13.5 days. The latest filing is a monthly return dated 2026-11-03, one day before the record date of 2026-11-04. The median latency for the exchange is 2 days, and the median cadence gap for the exchange is 11.5 days. The exchange median of filings is 41 across 11 issuers. Sector peer figures are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Deloitte Touche Tohmatsu. Its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because the register has no lifecycle type map yet. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 8 research houses: BofA Securities, CGS-CIMB Securities, Citigroup Global Markets, DBS, Goldman Sachs, HSBC Global Research, Morningstar Asia Limited and UBS Securities.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes are on the record. None were found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed, and no issuer years are sealed. The live record began on 2026-09-12. The years 2021 to 2026 are sealed in the store but are not served as of a date, and the as-of answer is not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX-REIT/02778"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0325/2026032500535.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.championreit.com/investor-relations/analyst-coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX-REIT/02778"
  }
 ],
 "title": "CHAMPION REIT (02778) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}