We're posting up notes from the 2017 London Value Investor Conference. Next up is Ronald Chan of Chartwell Capital who pitched long Far East Consortium (HKG: 0035).
Ronald Chan's Presentation at London Value Investor Conference
Long: Far East Consortium (HKG: 0035)
Ronald Chan pitched Hong Kong listed property company Far East Consortium. Run by David Chiu the company is involved in property development, car parks and hospitality. Chan made the case that Far East Consortium was cheap compared to the other large property companies in Hong Kong such as Sun Hung Kai, Henderson Land, Chinese Estates and Lai Sun Development. Far East Consortium trades at a 54% discount to NAV. P/E 6.6. P/B 0.7. Net Debt to Equity = 68.8%.
Be sure to check out the rest of the presentations from the London Value Investor Conference.
Tuesday, May 30, 2017
Ronald Chan Long Far East Consortium: London Value Investor Conference
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