Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

A Long & Short Investment Ideas generator for Asian Equities with 10 years experience in a Hedge fund focused on bottom-up ideas, searching out mispriced ideas and misunderstood investment thesis. Provides on-the-ground insights in various Asian markets with a sway towards ASEAN. Experienced and survived the Asian Financial Crisis in a family business, as well as the Global Financial Crisis in financial markets where lessons learned. It's all about understanding business drivers and navigating business cycles, which has high applicability in generating investment ideas. 

Investment horizon: Mid to Long term

Asian Insight Provider - Actionable ideas

Guangzhou R&F: Repricing The Business Model

Equity Bottom-Up

Guangzhou R&F Properties / Equity Bottom-Up

High dividend yield is attractive especially at currently low rate environment but is it sustainable? Guangzhou R&amp;F yield (2777.hk) for the past 2 years have been &gt; 10%; one of the highest in the sector. Tightening measures by the regional government, combined with the uncertainty of their A-share IPO and potential rate hike could derail R&amp;F from their so far positive track for the past year.Will they need to reduce their dividend rate if the cash burn is too much to handle? They keep on recycling their debt without paying them off. A reason to worry?

High dividend yield is attractive especially at currently low rate environment but is it sustainable? Guangzhou R&amp;F yield (2777.hk) for the past 2 years have been &gt; 10%; one of the highest in the sector. Tightening measures by the regional government, combined with the uncertainty of their A-share IPO and potential rate hike could derail R&amp;F from their so far positive track for the past year.Will they need to reduce their dividend rate if the cash burn is too much to handle? They keep on recycling their debt without paying them off. A reason to worry? 

Sustainable High Yield from Guangzhou R&F?