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 Property Update:  The Fed, the Policy Address and the Physical Market

Short Note: Position for Trump Trade and China Stimulus – Buckle up for Next Week

Hongkong Land HKL SP: A Strategic Update and on a Transformational Path

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Short Note: China Property – Guangzhou/Shenzhen/Shanghai Loosen the Property Sector – Buy Now!

HK RE Series (4) With Macro Backdrop in US & China, HK Is Positioned for a Strong Rerating, Buy Now!

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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>HK and China RE stocks on average rallied 20% and 174% respectively, since the US started rate cut and China’s huge economic stimulus</li>
<li>Based on trading flows, positioning, and valuation, it is not too late to chase the rally.  The timing, the language and the form of Chinese policy announcements are un-precedented</li>
<li>Don’t fight against Beijing!  We analyze upcoming catalysts and risks.  Next Tuesday is a key time to watch due to potential policy window and trading resumption of Chinese equities. </li>
</ul>


HK and China RE stocks on average rallied 20% and 174% respectively, since the US started rate cut and China’s huge economic stimulus
Based on trading flows, positioning, and valuation, it is not too late to chase the rally.  The timing, the language and the form of Chinese policy announcements are un-precedented
Don’t fight against Beijing!  We analyze upcoming catalysts and risks.  Next Tuesday is a key time to watch due to potential policy window and trading resumption of Chinese equities. 


China Overseas Land & Investment (688 HK)

What to Do with Hong Kong and China Property Stocks After a Crazy Week? Upcoming Catalysts and Risks