Shares & Derivatives
China Aoyuan – a potential value play? (15 Jun 21)
By Ernest Lim's investing blog  •  June 15, 2021
Dear all Against the backdrop of rising inflation, some market strategists have recommended “additional urgency” to rotate from technology plays to “old economy value stocks” to hedge against potential inflation pressures (as they believe such inflation pressures are not transitory). A stock that may tick all the right boxes may be China Aoyuan (“Aoyuan”) (3883.HK). It belongs to the old economy stocks (i.e. property sector which may be a hedge against inflation) and seems to be a value play, given that it trades at HKD7.01 on 15 Jun 21. Who is Aoyuan? Quoting from a report by DBS Research which has a concise description of Aoyuan, “Aoyuan is a property developer with 57m sqm of land bank with a focus on the Greater Bay Area as at Dec-20. Aoyuan was founded in 1996 in Guangzhou and listed on the Stock Exchange of Hong Kong in 2007. Its founder and...
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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