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

HK RE Series (1): Picking the Winners for 2024 with Supportive Macro Backdrop & Company Catalysts

HK RE Series (2): Market Is Still Bearish but Bottom Is Near, Few Things Needed for Re-Rating

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

Happy Friday & Strong HK Rebound! What to Chase? China Prop (High Beta) And HK Prop (Value Play)

HK Equity: 1) Strong Capital Inflow, 2) Pro-Growth Policy, 3) Better Macro Outlook to Drive Rerating

Short Note: US Rate Pause, China Stimulus, and the HK Rebound

Short Note: What’s Happening to the Chinese Stocks and China Macro?

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

<ul>
<li>CKA is a well diversified conglomerate with residential DP and IP (office and retail) in HK and China, with sizable business in UK (pubs) and infra assets in EU</li>
<li>CKA focuses on capital mgmt (share buybacks, M&amp;As, disposals), and consistently unlock value for shareholders.  CKA is in net cash, its strongest balance sheet position for 20 years</li>
<li>Valuation is extremely compelling. We recommend CKA as a long-term buy and hold for investors and traders</li>
</ul>


CKA is a well diversified conglomerate with residential DP and IP (office and retail) in HK and China, with sizable business in UK (pubs) and infra assets in EU
CKA focuses on capital mgmt (share buybacks, M&amp;As, disposals), and consistently unlock value for shareholders.  CKA is in net cash, its strongest balance sheet position for 20 years
Valuation is extremely compelling. We recommend CKA as a long-term buy and hold for investors and traders


CKA (1113 HK): A Strong Conglo, Focus on Capital Mgmt & Consistently Create Value for Shareholders

CK Asset Holdings

CKA (1113 HK): A Strong Conglo, Focus on Capital Mgmt & Consistently Create Value for Shareholders