- The catalyst associated with the spin off of its property management services subsidiary is to be realized soon, but its post-IPO share price performance could be below expectations.
- Shimao Group plans to diversify aggressively beyond its core property management business. This could lead to more spin-offs and special dividends, but also increase the risk of diworsification.
- Shimao Group trades at 5.5 times consensus forward FY 2021 P/E and 1.19 times P/B, and it offers a consensus forward FY 2021 dividend yield of 7.4%.
For further details see:
Shimao Group: Spin-Off Catalyst To Be Realized Soon