Soho China Shares Undervalued, With Asset Sale and 3Q Spin-Off Still Possible
Since announcing subdued interim results in August, Soho China’s shares have fallen more than 15%, in line with high-beta names in the Chinese property sector. The government’s ongoing deleverage effort has led to some liquidity concerns for the more highly geared or smaller developers. However, recent policies pointing to a possible relaxation of property sector measures may boost market sentiment. Further, the company’s risk profile as the owner of investment properties is different from other...Soho China is engaged in property development and property investments. Co. operates within three segments: completed projects held for sale; completed investment properties; and projects under development.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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