Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Listed Real Estate Asia

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Thematic (Sector/Industry)

<ul>
<li>Next week is going to be huge due to US election taking place on November 5 and China’s NPC standing committee meeting from Nov 4- Nov 8</li>
<li>This will have huge implications on the global financial markets access all asset classes</li>
<li>We think Hong Kong and China property will benefit from these events and the risk reward profile is attractive</li>
</ul>


Next week is going to be huge due to US election taking place on November 5 and China’s NPC standing committee meeting from Nov 4- Nov 8
This will have huge implications on the global financial markets access all asset classes
We think Hong Kong and China property will benefit from these events and the risk reward profile is attractive


Short Note: Position for Trump Trade and China Stimulus – Buckle up for Next Week

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Oct 18th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in China Overseas, Cspc Pharma, Anta Sports, Kuaishou, Jd.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Oct 18th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in China Overseas, Cspc Pharma, Anta Sports, Kuaishou, Jd.


HK Short Interest Weekly: China Overseas, Cspc Pharma, Anta Sports, Kuaishou, Jd

Analyst

Steve Zhou, CFA

Equity Bottom-Up

Midea Real Estate Holding  / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/midea-real-estate-holding-ltd" target="_blank" data-smartkarma-citation="entities:27450:1" rel="noopener">Midea Real Estate Holding (3990 HK)</a> announced last night a proposal for distribution in specie of the property development business to shareholders.</li>
<li>The proposal allows shareholders to select between receiving pro rata shares in the PrivateCo, or the cash alternative at HKD5.90 per share, a 57% premium to last close at HKD3.75. </li>
<li>I believe this is a good deal for minority shareholders.  The company (ex. property development business) will continue to be listed on the HKSE after the distribution.  </li>
</ul>



Midea Real Estate Holding (3990 HK) announced last night a proposal for distribution in specie of the property development business to shareholders.
The proposal allows shareholders to select between receiving pro rata shares in the PrivateCo, or the cash alternative at HKD5.90 per share, a 57% premium to last close at HKD3.75. 
I believe this is a good deal for minority shareholders.  The company (ex. property development business) will continue to be listed on the HKSE after the distribution.  


Midea Real Estate (3990 HK):  Divesting Property Development Business (Cash Option At 57% Premium)

Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

<ul>
<li>In this webinar, part of Real Estate Foresight's 12th annual China Property Outlook, we share our views on 2024 for the China housing markets</li>
<li>We explore several themes, incl. the latest Whitelist approvals by local governments and a wave of related announcements</li>
<li>The webinar presentation was recorded on Feb 6, 2024. You can also view <a href="https://vimeo.com/911098574/5874dfd757?share=copy" target="_blank" rel="noopener">this 3-minute version</a> with a few highlights.</li>
</ul>


In this webinar, part of Real Estate Foresight's 12th annual China Property Outlook, we share our views on 2024 for the China housing markets
We explore several themes, incl. the latest Whitelist approvals by local governments and a wave of related announcements
The webinar presentation was recorded on Feb 6, 2024. You can also view this 3-minute version with a few highlights.


Webinar Recording: 12th Annual China Property Outlook by Real Estate Foresight, "The Big Shifts"

<ul>
<li>China's new home ('commercial residential') sales dropped from the peak of 1.57 billion sqm (GFA) in 2021 to 0.95 billion sqm in 2023</li>
<li>Major 9 cities  fared better, but an important shift took place there, with the secondary markets taking over the new home sales for the first time in 2023</li>
<li>In this note, we look at the dynamics of this shift, drawing on data on primary and secondary sales and house prices, as well as the local anecdotal evidence </li>
</ul>


China's new home ('commercial residential') sales dropped from the peak of 1.57 billion sqm (GFA) in 2021 to 0.95 billion sqm in 2023
Major 9 cities  fared better, but an important shift took place there, with the secondary markets taking over the new home sales for the first time in 2023
In this note, we look at the dynamics of this shift, drawing on data on primary and secondary sales and house prices, as well as the local anecdotal evidence 


China Property - A Shift To Secondary Markets?

Hong Kong

China Overseas Land & Investment Limited provides real estate services. The Company develops, manages, and invests in commercial properties. China Overseas Land & Investment serves customers globally.

China Overseas Land & Investment (688 HK)

Price Gauge
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China Overseas Land & Investment (688 HK)

Short Note: Position for Trump Trade and China Stimulus – Buckle up for Next Week

Next week is going to be huge with US Presidential election and China's NPC standing committee meeting taking place, both of which will have...

Jacob Cheng

HK Short Interest Weekly: China Overseas, Cspc Pharma, Anta Sports, Kuaishou, Jd

We analyzed the latest HK SFC report for aggregate short position as of Oct 18th and highlight short interest changes in China Overseas, Cspc...

Ke Yan, CFA, FRM

Midea Real Estate (3990 HK): Divesting Property Development Business (Cash Option At 57% Premium)

Midea Real Estate (3990 HK) announced last night a proposal for distribution of the property development business to shareholders. The cash...

Steve Zhou, CFA

Webinar Recording: 12th Annual China Property Outlook by Real Estate Foresight, "The Big Shifts"

China: As the Two Meetings kick off this week, our China Property Outlook 2024 webinar from February dives deeper into the China housing market,...

Robert Ciemniak

China Property - A Shift To Secondary Markets?

China Property / Housing Markets: Real Estate Foresight's take on the 2024 outlook for new home sales, new starts, and the major themes for the...

Robert Ciemniak

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)