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

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

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

What Is the Implication if RMB Appreciates 10%?

CR Land 1109 HK: Another SOE Play on China Prop – Dual Growth Engine from DP and IP Mall Business

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

COLI 688 HK – Value Emerging, the Only Pure Play in China Prop to Gain Mkt Share and Back to Growth

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>In this insight, we look at the latest policy support in China property, as well as the latest rate cut from the Central Bank</li>
<li>In the physical market, there are some signs of bottoming out, particularly in key cites such as Shanghai and Shenzhen.  Secondary market is recovering</li>
<li>If investors would like exposure in the sector, we recommend CRL (1109 HK) and COLI (688 HK), both are SOE names with almost zero bankruptcy risks</li>
</ul>


In this insight, we look at the latest policy support in China property, as well as the latest rate cut from the Central Bank
In the physical market, there are some signs of bottoming out, particularly in key cites such as Shanghai and Shenzhen.  Secondary market is recovering
If investors would like exposure in the sector, we recommend CRL (1109 HK) and COLI (688 HK), both are SOE names with almost zero bankruptcy risks


China Overseas Land & Investment (688 HK)

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