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

Topic |   Stocks
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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