Which way to go? Investors are discounting property stocks too amid concerns about industry curbs to contain runaway home prices. Photo: Bloomberg
Which way to go? Investors are discounting property stocks too amid concerns about industry curbs to contain runaway home prices. Photo: Bloomberg
Stocks

Chinese property stocks, at 55 per cent discount to assets, are a valuation trap for funds fleeing tech regulatory storm

  • Property stocks in Hong Kong and mainland China trade near record-low average book value per share, no appetite for re-rating yet
  • Deep discount shows the market is already trying to price the risk of policy curbs, according to Wealthy Securities

Which way to go? Investors are discounting property stocks too amid concerns about industry curbs to contain runaway home prices. Photo: Bloomberg
Which way to go? Investors are discounting property stocks too amid concerns about industry curbs to contain runaway home prices. Photo: Bloomberg
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