Terminal Deflation: Evergrande's Collapse and the Structural Reset of Chinese Real Estate
The Paradigm Shift: Evergrande’s liquidation permanently destroys the debt-fueled development model, initiating a structural transition into...
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HONG KONG ALPHA PORTFOLIO: (July 2026)
We made several adjustments to the portfolio yesterday. We sold the Baidu (9888) position since it hit our stop-loss level. We also sold the...
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CR Land & The C-REIT Gold Rush: Monetizing Malls for Massive Re-Rating
China's C-REIT expansion unlocks huge liquidity, allowing heavy-asset developers to monetize illiquid retail properties and drastically de-lever...
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Hong Kong Market Catches a Bid: What's Going On? (July 20)
The Hong Kong market has advanced this month, while Japan, Korea, and Taiwan have declined in a mean-reversion move sparked by apparent short...
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HONG KONG ALPHA PORTFOLIO: (June 2026)
At mid-month, we note that pc makers are passing on higher chip and component costs to consumers. For this reason, we sold our positions in Lenovo...
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