While doing my usual stock screening, Chiwayland pops out as one of the undervalued companies, based on price to book valuation metric. Coupled with its recent multitude of positive announcements, I decide to take a look at this company.
Company descriptionAccording to Chiwayland’s press release, its properties span across the heart of the Yangtze River Delta Region, including Shanghai, Suzhou and Nanjing. To date, Chiwayland has completed 11 property developments with an aggregate total GFA exceeding 2.0 million square metres, and is ranked as one of the Top 100 Real Estate Development Enterprise.
In 2014, the Group embarked on its internationalisation strategy and expanded to Australia. The Group currently has two projects in Brisbane and five in Sydney with a focus on residential and commercial properties.
In 2016, Chiwayland marked its maiden foray into the U.S. market with a mixed development project in Los Angeles, California ...
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