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>The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning '"less negative".</li>
<li>We highlight points from our Weekly New Home Sales Data Update Report, which looks at 16 major cities and the latest data for the week ending June 30.</li>
<li>Certain weekly metrics on a small sample of cities serve as a good gauge for what to expect directionally in the national NBS data released later.</li>
</ul>


The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning '"less negative".
We highlight points from our Weekly New Home Sales Data Update Report, which looks at 16 major cities and the latest data for the week ending June 30.
Certain weekly metrics on a small sample of cities serve as a good gauge for what to expect directionally in the national NBS data released later.


China Property - Weekly New Home Sales Data Now Clearly "Less Negative" (To June 30, 2024)

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

China Nonferrous Mining Corp / Event-Driven

<ul>
<li>A shares were down on the week, not maintaining the month-end bounce after the long weekend. H-shares were mixed. HSCEI was slightly up. </li>
<li>Net SOUTHBOUND buying was +HK23bn. SOUTHBOUND ended its consecutive post-CNY daily net buy streak on 25 March, then started a new one. No net sell days since.</li>
<li>This week saw a LOT of news. State Council Nine Points. CSRC draft regs and legislative work plan. Ratings agency action. Lots of movement. None of it hugely positive.</li>
</ul>


A shares were down on the week, not maintaining the month-end bounce after the long weekend. H-shares were mixed. HSCEI was slightly up. 
Net SOUTHBOUND buying was +HK23bn. SOUTHBOUND ended its consecutive post-CNY daily net buy streak on 25 March, then started a new one. No net sell days since.
This week saw a LOT of news. State Council Nine Points. CSRC draft regs and legislative work plan. Ratings agency action. Lots of movement. None of it hugely positive.


HK Connect SOUTHBOUND Flows (To 12 Apr 2024); Strong Net Buying. New State Council and CSRC Plans

<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"

David Blennerhassett

Equity Bottom-Up

Greentown Service Group / Equity Bottom-Up

<ul>
<li>As China's property market melts down, shares of property management companies are following suit.</li>
<li>And there are increasing governance issues attached to these management units as a slew of questionable parent/subsidiary transactions unfold. </li>
<li>Valuations for property management companies are trading at multi-year lows. That trend is likely to continue.</li>
</ul>


As China's property market melts down, shares of property management companies are following suit.
And there are increasing governance issues attached to these management units as a slew of questionable parent/subsidiary transactions unfold. 
Valuations for property management companies are trading at multi-year lows. That trend is likely to continue.


China Property Management: Lacking Independence

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<p><br/> The Chinese Property Weekly focuses on providing updates in the Chinese real-estate sector, including recent regulatory and company developments, top and bottom performers, rating actions, as well as a list of bond maturities in the next 30 days.<br/></p>

  The Chinese Property Weekly focuses on providing updates in the Chinese real-estate sector, including recent regulatory and company developments, top and bottom performers, rating actions, as well as a list of bond maturities in the next 30 days. 

Chinese Property Weekly - 11 March 2022 - Lucror Analytics

Hong Kong

Shimao Property Holdings Limited develops real estate projects in China.

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Shimao Property Holdings (813 HK)

China Property - Weekly New Home Sales Data Now Clearly "Less Negative" (To June 30, 2024)

China Property: The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning '"less...

Robert Ciemniak

HK Connect SOUTHBOUND Flows (To 12 Apr 2024); Strong Net Buying. New State Council and CSRC Plans

Strong SOUTHBOUND Connect flows continue. Only one net sell day since the end of Chinese New Year. H-shares were flat to up while A-shares were...

Travis Lundy

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 Management: Lacking Independence

Property management units are unlikely to be shielded from risks as their parent face funding issues. Valuations for property management companies...

David Blennerhassett

Chinese Property Weekly - 11 March 2022 - Lucror Analytics

The Chinese Property Weekly focuses on providing updates in the Chinese real-estate sector, including recent regulatory and company developments,...

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)