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: China Property Recovery Upcoming with Policy Support and Rate Cut

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)

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

<ul>
<li>Based on my site visits and recent discussion, the consensus is that China is experiencing a sharp economic slowdown, as seen as slowing consumption and increasing unemployment</li>
<li>But the equity market is ALWAYS forward looking, investors may bet on policy support which may provide downside support to the equity market</li>
<li>Property market is not doing well, but there are early signs of stabilizing.  In this insight, we look at several key factors including fund flows, positioning, valuation and risks</li>
</ul>


Based on my site visits and recent discussion, the consensus is that China is experiencing a sharp economic slowdown, as seen as slowing consumption and increasing unemployment
But the equity market is ALWAYS forward looking, investors may bet on policy support which may provide downside support to the equity market
Property market is not doing well, but there are early signs of stabilizing.  In this insight, we look at several key factors including fund flows, positioning, valuation and risks


Is It Time to Re-Visit China? Where Is Capital Going? We Look at Positioning, Valuation and Risks