UBS Analyst Who Took on Evergrande Now Bullish on China Property
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- Опубліковано 23 кві 2024
- John Lam, Head of China & Hong Kong Property Research at UBS Investment Bank, explains the positive signs he is seeing in China's property market, years after he famously gave a "sell" rating to China Evergrande before the developer defaulted. He speaks with David Ingles and Annabelle Droulers on "Bloomberg: The China Show."
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I feel, property price hitting bottom may take more years.
But who knows? Maybe he's trying to sell his own properties in his hometown in china as he speaks... :D
Ask him about the numerous ghost cities
which stocks please?
longfor
At some point, China's real estate and stock market will bottom. That will be the time to invest. The question is when. Is it now or later?
Perhaps in 75 years
I see lots of underlaying demand in China,in terms of the goal of removing the speculators it has done so ,and the new families and men looking for property are really eager to buy but are waiting it out.
The policy of assisting unfinished ones ,then making it easier to buy for first time home owners , opening up 2nd tier cities and overall the supply side has subsided mens the analyst is right on somethings ..I see China out of this in 2-4 years time .
Don’t just “believe “ , use your money to buy developers stock!
Central Government is allowing Property Owners to buy their 2nd Property if the 1st one already fully paid and to take advantage of the reduced price now.
Whatever excess will be taken up once the Central Bank allows banks to extend loans for 2nd property purchase with higher percentage of loan borrowing instead of only 50% and at higher interest rate plus state taxes.
this guy is smart. Equity prices move ahead of fundamentals and from a risk-to-reward perspective, it's time to buy.
😂 oh yeah 😂
Kid. 20 million apt unfinished. Japan property history from 1991 to 2021 will offer you some guideance
Japan never had a prblem of empty apartments and ghost towns
The main difference was Japan was continuously being raped by the US. China is totally independent and don't have to f*ck up their own economy to support the US. ;)
Economy in bits - guess it is not now!
He is positive because his job is tied to this. Who needs analysts if growth is expected to be stagnated or weaker for the next 10-15 years
CCP chowchow
So who will buy all this real estate? And what jobs or income will they use?
Among the world's major banking and finance companies, UBS is said to be the least trustworthy when it comes to China. Supposedly, UBS is even worse about this than Dalio's Bridgewater, which is really saying something.
interesting
Which UBS bank he works for? U BS-ing bank? 😅
HahahahahaHahahahaha
China is definitly not Japan. China continues to grow and is still significantly behind (in per capita GDP) of the the high income countries. The Chinese mentality is that real estate is one of the best investment vehicles (especially when their choices in China are so limited) . The infrastructure/residency machine has definitely gotten ahead of itself. Unlike the West, China has and continues to follow the mantra "Build it and they will come", Many of the so called "Ghost cities" have gradually been filling to the chagrin of the West . The infamous Kangbashi in Ordos, inner mongolia was ridiculed for being a prime example of overbuilding back in 2009. Today over 90% of apartments are now occupied. A far cry from a "Ghost City." You never hear about it in the Schaudenfreude Western based narrative since it has been a successful China real estate story. I have seen the hollowed out business districts in San Francisco, LA, Detroit and many others. US "eat your hearts out." Perhaps they should do something about that rather than look for blemishes on China's face.
I guess his know better than the real estate develpoers there.
This guy is not making any sense. When probed for more details to support his positive claims of the Chinese property market, Lam kept giving negative indicators or data points, or the government needs to do more, or put more money into it for it to get better. So what, is it getting better or is it not getting better? Which is it?
tai chi, baby~
He said 2 trillion
HahahahahaHahahahaha CCP chowchow
Don't believe him. His social credit score is too low.
You mean your credit score in the US is 0?