Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

Short Note: The Tide Has Turned for Hong Kong Real Estate

What Is the Implication if RMB Appreciates 10%?

Real Estate:  India/China Rotation Sparks Sector Growth

Short Note: Singapore Real Estate - Position for a Re-Rating on Fed Rate Cut Cycle

Short Note: China Property Recovery Upcoming with Policy Support and Rate Cut

HK RE Series (3): Global Macro Starts to Turn More Supportive, Stock Valuation Is Compelling

KT Capital Group

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

Principal investments and advisory firm

Thematic (Sector/Industry)

Japan Real estate management and development / Thematic (Sector/Industry)

<ul>
<li>Jackson Hole is annual event among central bankers and economists, where Fed Chair Powell will also be speaking on Friday</li>
<li>In the scenario of a new Fed rate cut cycle, we expect Hong Kong RE, China RE and Singapore RE to benefit, while investors can reduce exposure in Japan RE</li>
<li>We also recommend some trade ideas based on our analysis and suggest specific stocks</li>
</ul>


Jackson Hole is annual event among central bankers and economists, where Fed Chair Powell will also be speaking on Friday
In the scenario of a new Fed rate cut cycle, we expect Hong Kong RE, China RE and Singapore RE to benefit, while investors can reduce exposure in Japan RE
We also recommend some trade ideas based on our analysis and suggest specific stocks


China Overseas Land & Investment (688 HK)

A Scenario Analysis: If Fed Initiates a Rate Cut Cycle, How Should Investors Position Themselves?