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

KT Capital Group

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

Principal investments and advisory firm

Equity Bottom-Up

CapitaLand Investment /Sing / Equity Bottom-Up

<ul>
<li>CapitaLand is a real estate investment manager with funds under management of c.S$100b and core markets being Singapore, China and India</li>
<li>They reported solid FY2023 results earlier this year.  Singapore and India are showing strong market outlook while China struggles.</li>
<li>Valuation is attractive with &gt;50% upside and we view there are multiple catalysts ahead</li>
</ul>


CapitaLand is a real estate investment manager with funds under management of c.S$100b and core markets being Singapore, China and India
They reported solid FY2023 results earlier this year.  Singapore and India are showing strong market outlook while China struggles.
Valuation is attractive with &gt;50% upside and we view there are multiple catalysts ahead


CapitaLand Investment (CLI): A Leading Global RE Investment Manager with Asia Presence, BUY