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

CKA (1113 HK): A Strong Conglo, Focus on Capital Mgmt & Consistently Create Value for Shareholders

The Rate Hike and Capital Flow: 5 Conviction Trades in Asian Real Estate

Yield Shock: Navigating the 85% Fed Hike Probability in APAC Real Estate

The Suburban Mirage: Short Link REIT (0823.HK) As Shenzhen Leakage Triggers Structural Collapse

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>Cash Fortress Unlocked: CK Asset holds a massive HKD 21.9 bn net cash surplus, earning high interest and shielding it from the crushing rate-hike pressures plaguing highly levered competitors.</li>
<li>Strategic Capital Recycling: A strategic exit from UK infrastructure generated a staggering HKD 9.79 bn gain, successfully masking the structural 57% plunge in Hong Kong core property development profits.</li>
<li>Generational Value Play: Trading at a massive discount to its HKD 114 net book value, the cash-rich conglomerate is perfectly positioned for counter-cyclical acquisitions and aggressive dividend hikes.</li>
</ul>


Cash Fortress Unlocked: CK Asset holds a massive HKD 21.9 bn net cash surplus, earning high interest and shielding it from the crushing rate-hike pressures plaguing highly levered competitors.
Strategic Capital Recycling: A strategic exit from UK infrastructure generated a staggering HKD 9.79 bn gain, successfully masking the structural 57% plunge in Hong Kong core property development profits.
Generational Value Play: Trading at a massive discount to its HKD 114 net book value, the cash-rich conglomerate is perfectly positioned for counter-cyclical acquisitions and aggressive dividend hikes.


CK Asset: The Ultimate Yield & M&A Call Option Shielded From Rate Hikes

CK Asset Holdings

CK Asset: The Ultimate Yield & M&A Call Option Shielded From Rate Hikes