Equity Analyst, LightStream Research

Supun Walpola

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

Poly Property Services   / Equity Capital Markets

China-based <a href="https://www.smartkarma.com/entities/poly-property-development-h" target="_blank" data-smartkarma-citation="entities:28261:1" rel="noopener">Poly Property Development (6049 HK)</a> (PPD) is scheduled to be listed on the Hong Kong Stock Exchange later this month. PPD is the property management arm of Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) (Poly Group), a leading property developer in China.In this note, we are taking a closer look at PPD’s valuation.

China-based Poly Property Development (6049 HK) (PPD) is scheduled to be listed on the Hong Kong Stock Exchange later this month. PPD is the property management arm of Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) (Poly Group), a leading property developer in China.In this note, we are taking a closer look at PPD’s valuation.

Poly Property Development IPO: Valuation Looks Reasonable at the Lower End

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<a href="https://www.smartkarma.com/entities/poly-property-development" target="_blank" data-smartkarma-citation="entities:28261:1" rel="noopener">Poly Property Development (6049 HK)</a> (PPD) is a Chinese property management company. It has launched a Hong Kong IPO to raise net proceeds of HK$4,289.7 million ($548 million) at the mid-point of the price range. <div class="content-highlight">A key attraction of the property management sector is its asset-light and long-term recurring business model. Overall, PPD’s fundamentals over the track record period are solid and compare well to its listed peers.</div>

Poly Property Development (6049 HK) (PPD) is a Chinese property management company. It has launched a Hong Kong IPO to raise net proceeds of HK$4,289.7 million ($548 million) at the mid-point of the price range. A key attraction of the property management sector is its asset-light and long-term recurring business model. Overall, PPD’s fundamentals over the track record period are solid and compare well to its listed peers.

Poly Property Development IPO Initiation: Fixer-Uppers

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

China Overseas Land & Investment / Equity Bottom-Up

Carrie Lam has announced that the government will withdraw the extradition bill, a move that is expected to cheer the stock market. In this report, we have identified a couple of beaten-down value names that could participate in the short term rally especially those in the real estate and tourism-related sector. Some of the names mentioned also pay decent yield ranging from 2-7%.

Carrie Lam has announced that the government will withdraw the extradition bill, a move that is expected to cheer the stock market. In this report, we have identified a couple of beaten-down value names that could participate in the short term rally especially those in the real estate and tourism-related sector. Some of the names mentioned also pay decent yield ranging from 2-7%. 

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)

The long-awaited outline of the development plans for the Guangdong - Hong Kong - Macau Greater Bay Area (GBA) was announced Monday evening local time. In this note, we look at the China housing market dynamics in the key 8-9 cities on the mainland and the land acquisition activity by the major developers.

The long-awaited outline of the development plans for the Guangdong - Hong Kong - Macau Greater Bay Area (GBA) was announced Monday evening local time. In this note, we look at the China housing market dynamics in the key 8-9 cities on the mainland and the land acquisition activity by the major developers.

China Housing In The Guangdong - Hong Kong - Macau Greater Bay Area (GBA)

When a major property developer in China buys land (use rights), whether via auction or otherwise, such actions reflect primarily a judgment on deal-specific conditions, but they should also indicate the overall view on the future market conditions for the given city. This type of information gets more interesting if we combine the data for a number of major developers and over a period of time. In this short note, we identify the cities that have attracted the strongest interest of the 5 major developers in recent transactions.

When a major property developer in China buys land (use rights), whether via auction or otherwise, such actions reflect primarily a judgment on deal-specific conditions, but they should also indicate the overall view on the future market conditions for the given city. This type of information gets more interesting if we combine the data for a number of major developers and over a period of time. In this short note, we identify the cities that have attracted the strongest interest of the 5 major developers in recent transactions.

China Property: In Which Cities Have The Major Developers Been Buying Land?

Hong Kong

Poly Property Group Co., Ltd. develops, invests in, and manages properties in China.  The Company develops mid- to high-end residential and commercial projects in first-tier and second-tier provincial capitals in Central and Southwestern China.

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Poly Property Group (119 HK)

Poly Property Development IPO: Valuation Looks Reasonable at the Lower End

China-based Poly Property Development (6049 HK) (PPD) is scheduled to be listed on the Hong Kong Stock Exchange later this month. PPD is the...

Supun Walpola

Poly Property Development IPO Initiation: Fixer-Uppers

Poly Property Development (6049 HK) (PPD) is a Chinese property management company. It has launched a Hong Kong IPO to raise net proceeds of...

Arun George

Hong Kong Value Names: Short Term Rally

Carrie Lam has announced that the government will withdraw the extradition bill, a move that is expected to cheer the stock market. In this report,...

Henry Soediarko

China Housing In The Guangdong - Hong Kong - Macau Greater Bay Area (GBA)

The long-awaited outline of the development plans for the Guangdong - Hong Kong - Macau Greater Bay Area (GBA) was announced Monday evening local...

Robert Ciemniak

China Property: In Which Cities Have The Major Developers Been Buying Land?

When a major property developer in China buys land (use rights), whether via auction or otherwise, such actions reflect primarily a judgment on...

Robert Ciemniak

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)