Far East Consortium (HKEX:35) is a Hong Kong based company with a global hotel and residential property development portfolio focused on middle class Asian consumers. Despite COVID disruptions FEC remained profitable over the past two years due to delivery of residential projects and non-cyclical businesses (e.g. car parks). FEC's hotels, including 9 in Hong Kong, will benefit greatly from a resumption of Chinese outbound travel. FEC's Chairman has continually added to his holdings and the company pays a substantial dividend.
John, I recall you wrote about Yuzhou Properties (1628.HK) some years ago.
Might it be time to revisit that sector all these years?
https://www.bloomberg.com/news/articles/2024-04-25/ubs-analyst-who-cut-evergrande-turns-bullish-on-property?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTcxNDQ1ODQ3OSwiZXhwIjoxNzE1MDYzMjc5LCJhcnRpY2xlSWQiOiJTQlJLSThUMEcxS1cwMCIsImJjb25uZWN0SWQiOiJVUTU1R1FJSERNMFc0V1BLVUhYSUpRMUROTlFPWU1HUSJ9.n3UhzAx44TlhBpuZBJVwdCaPFO3UKI9o5DF7b1NPIok&sref=iX5RR1t4
It seems that article doesn't contain the word debt or liabilities. This company increased debt from 16B to 31B in 5 years.
Thank you!