Stock price when the opinion was issued
Shopping center developer out of Hong Kong. He sees growth in the consumer in China. Well managed company that has been around for a long time. Basically they run high-end shopping malls. They build them and manage them. Has been selling assets off their balance sheet, typically getting 100 cents on the dollar. Yield of 2.5%.
(Hong Kong exchange.) To him it is the best managed property company in Asia. Extremely conservative management. Exposed to shopping centers. Have some property development in Hong Kong that provides a nice, steady source of cash. Great management, which is extremely good at their due diligence and they invest in sites that are really solid.