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: USDJPY Breaking 154: Positive for RE, Buy Japan Hotel REIT, Buy Japan RE

8802 Mitsubishi Estate - Another Play on Japan RE and Office - Chase the Rally

8801: Mitsui Fudosan – the Largest Japan RE Developer – Let the Rally Continue

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)

Indonesia Real estate / Thematic (Sector/Industry)

<ul>
<li>We are at an unprecedented moment in history where USDJPY is breaking 34-year high.  At the same time, all Asia EM currencies (except CNY) are seeing strong depreciation pressure</li>
<li>What’s happening behind the scene?  We look at the underlying reasons and SHORT trades.  The implication is huge and we need to assess what will happen</li>
<li>Depending on what Central Banks will do (intervention?), we try to access if there is risk of another Asia Financial Crisis.  We look at potential trades to bet on</li>
</ul>


We are at an unprecedented moment in history where USDJPY is breaking 34-year high.  At the same time, all Asia EM currencies (except CNY) are seeing strong depreciation pressure
What’s happening behind the scene?  We look at the underlying reasons and SHORT trades.  The implication is huge and we need to assess what will happen
Depending on what Central Banks will do (intervention?), we try to access if there is risk of another Asia Financial Crisis.  We look at potential trades to bet on


USDJPY Breaking 34-Year High: Are We Seeing Another Asia Financial Crisis? What Will Come Next?