Financial sector veteran, KT Capital Group

Fern Wang

Financial sector veteran

KT Capital Group

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

Principal investments and advisory firm

Equity Bottom-Up

Country Garden Holdings Co / Equity Bottom-Up

<ul>
<li>Country Garden’s offshore debt default is happening. Its time to investor to revisit their position as restructuring is looming.</li>
<li>Investors may not have any access to Country Garden’s onshore assets under its current offshore issuance structure.</li>
<li>Evergrande’s offshore debt issuing structure could be more favourable compared to that of Country Garden in bankruptcy, depending on how the court interprets its Keepwell agreement.</li>
</ul>


Country Garden’s offshore debt default is happening. Its time to investor to revisit their position as restructuring is looming.
Investors may not have any access to Country Garden’s onshore assets under its current offshore issuance structure.
Evergrande’s offshore debt issuing structure could be more favourable compared to that of Country Garden in bankruptcy, depending on how the court interprets its Keepwell agreement.


Country Garden’s Offshore Debt Issuance Structure May Be Less Favorable than that of Evergrande

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>This is the Brand Spanking New and Extra Spiffy H/A-Share Discount/Premium Weekly designed to help investors see the relationships easily. We used to do it. </li>
<li>We decided to bring it back better. There are lots of cool interactive tables, and charts, heat maps, and comparative data. And 19 Trade Recommendations. </li>
<li>We hope this new version serves readers even better. Feedback is actively solicited to see if we can improve it from here. </li>
</ul>


This is the Brand Spanking New and Extra Spiffy H/A-Share Discount/Premium Weekly designed to help investors see the relationships easily. We used to do it. 
We decided to bring it back better. There are lots of cool interactive tables, and charts, heat maps, and comparative data. And 19 Trade Recommendations. 
We hope this new version serves readers even better. Feedback is actively solicited to see if we can improve it from here. 


The Brand Spanking New Extra Spiffy 🦄H/A-Share Discount/Premium Weekly (As of 11 Aug 2023)

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>China’s embattled property developer Country Garden Holdings is ramping up overseas asset sales as the company struggles to raise cash to address its debt woes.</li><li>The Guangdong-based developer has listed a residential development project in East London for sale, British media reported last week.</li><li>The divestiture came after Country Garden offloaded two projects in Australia.</li></ul>

China’s embattled property developer Country Garden Holdings is ramping up overseas asset sales as the company struggles to raise cash to address its debt woes.The Guangdong-based developer has listed a residential development project in East London for sale, British media reported last week.The divestiture came after Country Garden offloaded two projects in Australia.

Country Garden Offloads Overseas Projects to Address Debt Woes 

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

Thematic (Sector/Industry)

<ul>
<li>Through a set of 4 quick animations of city-level data (70 cities), we illuminate the dynamics of new home prices in China over the past 12 years</li>
<li>This helps put the current (since mid-2021) downturn in context and build intuition about the components of the aggregate declines, including the by-city-tier breakdown</li>
<li>We point out a number of key data caveats and traps in the interpretation of the data sets</li>
</ul>


Through a set of 4 quick animations of city-level data (70 cities), we illuminate the dynamics of new home prices in China over the past 12 years
This helps put the current (since mid-2021) downturn in context and build intuition about the components of the aggregate declines, including the by-city-tier breakdown
We point out a number of key data caveats and traps in the interpretation of the data sets


Around China Housing In 80 Seconds - Visualizing The 2012-2023 Monthly Data

Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Technical Analysis

Country Garden Holdings Co / Technical Analysis

<ul><li>Somehow the current leg of decline in China's Real estate stocks and bonds has not gotten the attention of investors and money managers.</li><li>Perhaps because the first calls of China's Lehman moment showed it was an exaggerated extrapolation.</li><li>The first decline phase was limited to corporates with highly leveraged real estate balance sheets.</li></ul>

Somehow the current leg of decline in China's Real estate stocks and bonds has not gotten the attention of investors and money managers.Perhaps because the first calls of China's Lehman moment showed it was an exaggerated extrapolation.The first decline phase was limited to corporates with highly leveraged real estate balance sheets.

Hang Seng Index Constituents 14 July 2022

China

Country Garden Holdings Company Limited is a real estate developer.  The Company builds villas, townhouses and apartments in Mainland China. Country Gardens also develops large-scale community facilities such as schools, hotels, hospitals, and theme parks.

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Country Garden Holdings Co (2007 HK)

Country Garden’s Offshore Debt Issuance Structure May Be Less Favorable than that of Evergrande

All other things equal, Country Garden's offshore debt issuance structure is less favorable than that of Evergrande's. The existence of a Keepwell...

Fern Wang

Country Garden Offloads Overseas Projects to Address Debt Woes

China’s embattled property developer Country Garden Holdings is ramping up overseas asset sales as the company struggles to raise cash to address...

Caixin Global

Around China Housing In 80 Seconds - Visualizing The 2012-2023 Monthly Data

China Property - Take a tour of these four data visualizations/animations of the city-level house price changes to get a finer perspective on...

Robert Ciemniak

Hang Seng Index Constituents 14 July 2022

Somehow the current leg of decline in China's Real estate stocks and bonds has not gotten the attention of investors and money managers. Perhaps...

Untying The Gordian Knot

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Country Garden’s Offshore Debt Issuance Structure May Be Less Favorable than that of Evergrande

All other things equal, Country Garden's offshore debt issuance structure is less favorable than that of Evergrande's. The existence of a Keepwell...

Fern Wang

The Brand Spanking New Extra Spiffy 🦄H/A-Share Discount/Premium Weekly (As of 11 Aug 2023)

Quiddity's New & Improved And Really Quite Spiffy H/A Discount Monitor. All the H/A Pairs, universe & sector metrics, with interactive tables and...

Travis Lundy

Country Garden Offloads Overseas Projects to Address Debt Woes

China’s embattled property developer Country Garden Holdings is ramping up overseas asset sales as the company struggles to raise cash to address...

Caixin Global

Around China Housing In 80 Seconds - Visualizing The 2012-2023 Monthly Data

China Property - Take a tour of these four data visualizations/animations of the city-level house price changes to get a finer perspective on...

Robert Ciemniak

Hang Seng Index Constituents 14 July 2022

Somehow the current leg of decline in China's Real estate stocks and bonds has not gotten the attention of investors and money managers. Perhaps...

Untying The Gordian Knot