In today’s briefing:
- Vanke Offloads Shanghai Mall at Discount
- EQD | HSI Rally: Possible Brief Stop This Week
Vanke Offloads Shanghai Mall at Discount
- China Vanke Co. Ltd. is selling its entire stake in a Shanghai retail complex to Link Real Estate Investment Trust (Link Reit) at a discount, as the indebted developer offloads assets to ease liquidity crunch.
- Hong Kong-listed Link Reit, Asia’s largest real estate investment trust, said in a Friday filing that it agreed to acquire a 50% stake in Qibao Vanke Plaza from Vanke at 2.38 billion yuan ($334 million).
- Link Reit already owns the remaining 50% stake in the plaza after a 2.77-billion-yuan purchase from Vanke’s partner GIC Pte. Ltd. in April 2021.
EQD | HSI Rally: Possible Brief Stop This Week
- The Hang Seng Index is rallying as anticipated in a previous insight, but it could stop this week and pullback a bit.
- 3 possible trades available: go SHORT and hold to profit from a re-start of the downtrend, go SHORT and close after 1 week, wait the pullback and go LONG.
- It’s unclear at the moment if the index will go lower or rebound after the upcoming pullback.
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