In today’s briefing:
- Short Note: China Prop – When Is a Good Time to Revisit the Sector? Still No Light at the Tunnel
Short Note: China Prop – When Is a Good Time to Revisit the Sector? Still No Light at the Tunnel
- Property agents say more government support is needed. But historically timing and scale of policy is hard to predict
- POEs are still under pressure with bond default. Latest case is KWG missing debt payment and potential cross default
- Sector’s valuation is almost at all time low and big part of risk is priced in. But stocks can stay cheap forever. Monitor the HY bond market as key indicator.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
