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

Australia's Cyclical Recovery: Value Opportunities in Undervalued Office and Retail REITs

Australia Real Estate: Long Goodman Group GMG and Short DEXUS DXS Pair Trade

Asia Monetary Easing: Tailored for Income-Generating Real Estate

A Scenario Analysis: If Fed Initiates a Rate Cut Cycle, How Should Investors Position Themselves?

Short Note: Singapore Real Estate - Position for a Re-Rating on Fed Rate Cut Cycle

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)

Australia Real estate / Thematic (Sector/Industry)

<ul>
<li>Australia’s central bank RBA has recently cut rates in May meeting, with market expecting more rate cuts to come.  We expect this will provide tailwind for real estate</li>
<li>Within real estate sub-sectors, industrial &amp; logistics and retail are well supported by strong fundamentals.  Office and residential are seeing mixed pictures</li>
<li>We like Goodman on its global exposure on industrial and logistics.  We also like Vicinity Centers due to its exposure on quality retail.</li>
</ul>


Australia’s central bank RBA has recently cut rates in May meeting, with market expecting more rate cuts to come.  We expect this will provide tailwind for real estate
Within real estate sub-sectors, industrial &amp; logistics and retail are well supported by strong fundamentals.  Office and residential are seeing mixed pictures
We like Goodman on its global exposure on industrial and logistics.  We also like Vicinity Centers due to its exposure on quality retail.


Australia Real Estate: Seeking Values