Primer: Top Spring International (3688 HK) - Aug 2026
Top Spring is a deeply distressed property developer facing significant headwinds from the prolonged downturn in China's real estate sector. The...
95 Views
New Stamp Duty Negative on Transaction Volume in the NearTerm
The Hong Kong government announced a new ad valorem stamp duty, or AVD, late on Nov. 4. Effective Nov. 5, except for first-time homebuyers who are...
6k Views
Hailan Holdings (2278 HK): Conditional Offer Open but Success Is Daunting
The acceptance condition is daunting due to the high hurdle rate and the lack of a bump. Risk/reward is unattractive as the current gross spread of...
508 Views
Hong Kong Property Developers: Eminent Domain
Henderson has the most to lose from any authoritative land resumption, followed by NWD. Perhaps more land donations are forthcoming, and fiduciary...
797 Views
Evergrande (3333 HK) - What Could They Do To Keep Buying Shares
Evergrande Real Estate Group Limited (3333 HK)Â started buying back shares July 3rd with no small amount of vigor. The degree of vigor was discussed...
730 Views
No more insights