Property Management Services Industry - Landscape, Peer Comparison, and Valuation
There are a handful of property management services companies that were listed in Hong Kong in the past one year. With the strong outperformance of...
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EM Outperforming; Favor EM over EAFE
China (MSCI China, Shenzhen A Share) offers a plethora of attractive setups and is a major focus in today’s report. Taiwan (TAIEX) is another focus...
476 Views
Evergrande Property Services (6666 HK): Entering the Final Stages Towards an Unconditional MGO
Selecting a final bidder brings the process closer to an unconditional MGO. My analysis suggests an offer price range of HK$1.40 to HK$1.50 per share.
762 Views
Evergrande Services (6666 HK): Liquidation of Evergrande’s Stake to Trigger an Unconditional MGO?
The trading halt likely relates to Evergrande liquidators’ efforts to sell Evergrande Group’s majority interest in Evergrande Services, which could...
640 Views
Midea Real Estate (3990 HK): An In-Specie Distribution to Unlock Value
After the distribution of the asset-heavy business, Midea RE will remain listed as an asset-light business, estimated to be worth HK$1.93. The...
552 Views