Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

Thematic (Sector/Industry)

<ul>
<li>This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress</li>
<li>We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market</li>
<li>We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to the sources</li>
</ul>


This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market
We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to the sources


China Property Developers In Distress - Weekly News & Announcements Tracker | Oct 18-24, 2024

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>In Depth: China’s slumping office rental market faces a steep climb in 2023</li><li>Blinken’s planned visit to Beijing was ‘ill-timed’ given U.S. actions against China, diplomat says</li><li>Global gold demand soars in 2022 amid search for safe havens</li></ul>

In Depth: China’s slumping office rental market faces a steep climb in 2023Blinken’s planned visit to Beijing was ‘ill-timed’ given U.S. actions against China, diplomat saysGlobal gold demand soars in 2022 amid search for safe havens

CX Daily: China’s Slumping Office Rental Market Faces a Steep Climb in 2023

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>As discussed in <a href="https://skr.ma/y2J0O" target="_blank" rel="noopener">Z Fin (1168 HK)'s Suspension: Expect Ou To Make An Offer</a>, following <a href="https://www.smartkarma.com/entities/z-fin-limited" target="_blank" data-smartkarma-citation="entities:9999:1" rel="noopener">Z Fin (1168 HK)</a>'s suspension, an Offer from Ou Yaping, Z Fin's founder, was expected.</li>
<li>And that is what unfolded late last night (21st July). Ou is Offering HK$6.60/share, by way of a Scheme. Terms are final.</li>
<li>Terms are a 61.37% premium to undisturbed. Yet a 72.13% discount to NAV. Minorities are somewhat active looking at recent AGM voting. Yet terms are fair to listed peers. </li>
</ul>


As discussed in Z Fin (1168 HK)'s Suspension: Expect Ou To Make An Offer, following Z Fin (1168 HK)'s suspension, an Offer from Ou Yaping, Z Fin's founder, was expected.
And that is what unfolded late last night (21st July). Ou is Offering HK$6.60/share, by way of a Scheme. Terms are final.
Terms are a 61.37% premium to undisturbed. Yet a 72.13% discount to NAV. Minorities are somewhat active looking at recent AGM voting. Yet terms are fair to listed peers. 


Z Fin (1168 HK): Ou's "Fair" HK$6.60/Share Offer

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Yuexiu Real Estate Investment Trust / Credit

Yuexiu Real Estate Investment Trust (405 HK)

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:<ol><li><a href='/entities/nagacorp-ltd' target='_blank' rel='noopener'>NagaCorp Ltd</a></li><li><a href='/entities/china-jinmao-holdings-group' target='_blank' rel='noopener'>China Jinmao Holdings</a></li><li><a href='/entities/hopson-development-holdings' target='_blank' rel='noopener'>Hopson Development</a></li><li><a href='/entities/greentown-china-holdings' target='_blank' rel='noopener'>Greentown China</a></li><li><a href='/entities/seazen' target='_blank' rel='noopener'>Seazen (Formerly Future Land)</a></li></ol>and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:NagaCorp LtdChina Jinmao HoldingsHopson DevelopmentGreentown ChinaSeazen (Formerly Future Land)and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:<ol><li><a href='/entities/kawasan-industri-jababeka-tbk-pt' target='_blank' rel='noopener'>Kawasan Industri Jababeka</a></li><li><a href='/entities/china-jinmao-holdings-group' target='_blank' rel='noopener'>China Jinmao Holdings</a></li><li><a href='/entities/vedanta-resources-ltd' target='_blank' rel='noopener'>Vedanta Resources</a></li><li><a href='/entities/yanlord-land-group-ltd' target='_blank' rel='noopener'>Yanlord Land</a></li><li><a href='/entities/geely-automobile-holdings-ltd' target='_blank' rel='noopener'>Geely Auto</a></li></ol>and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:Kawasan Industri JababekaChina Jinmao HoldingsVedanta ResourcesYanlord LandGeely Autoand more...

China

Times China is an investment holding company primarily engaged in property development, urban redevelopment, and property leasing. It develops residential properties, commercial amenities, and creative offices, and offers property management services. The company was founded in 1999 and is headquartered in Guangzhou, China.

Price Gauge
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Times China (1233 HK)

China Property Developers In Distress - Weekly News & Announcements Tracker | Oct 18-24, 2024

This note is a weekly (Oct 18-24, 2024; select weeks on SK) curated selection of Chinese news articles and company announcements focused on...

Robert Ciemniak

CX Daily: China’s Slumping Office Rental Market Faces a Steep Climb in 2023

In Depth: China’s slumping office rental market faces a steep climb in 2023. Blinken’s planned visit to Beijing was ‘ill-timed’ given U.S. actions...

Caixin Global

Weekly Wrap - 15 Dec 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Weekly Wrap - 08 Dec 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

China Property Developers In Distress - Weekly News & Announcements Tracker | Oct 18-24, 2024

This note is a weekly (Oct 18-24, 2024; select weeks on SK) curated selection of Chinese news articles and company announcements focused on...

Robert Ciemniak

CX Daily: China’s Slumping Office Rental Market Faces a Steep Climb in 2023

In Depth: China’s slumping office rental market faces a steep climb in 2023. Blinken’s planned visit to Beijing was ‘ill-timed’ given U.S. actions...

Caixin Global

Z Fin (1168 HK): Ou's "Fair" HK$6.60/Share Offer

This is an awful space to invest. 0.28x P/B appears a steal; but it's above the peer average. If illiquid arbs are your thing, pay up to HK$6.25...

David Blennerhassett

Weekly Wrap - 15 Dec 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Weekly Wrap - 08 Dec 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics