Elevator Pitch
I like Hong Kong-listed Mainland China property management services company Country Garden Services Holdings Company Limited (OTCPK:CTRGF) [6098:HK] for its recurring property management fee income which makes it a defensive stock in uncertain times like this. The company's revenue from higher-margin value-added services is also growing rapidly, which diversifies Country Garden Services' revenue away from its core property management services and improves the company's overall profitability.
But the company's share price has rallied by more than 145% (excluding dividends) since its listing in mid-2018, and it currently trades at 40.2 times