Elevator Pitch
I like Hong Kong-listed Yuexiu Property Company Limited (OTCPK:YUEXF) (OTC:GUAZY) [123:HK] for its exposure to the Greater Bay Area and metro property projects. The company remains on track to meet its full-year contracted sales target and its net gearing is manageable with a low funding cost of 4.76% (relative to other Mainland China property developers).
Yuexiu Property trades at 7.7 times consensus forward FY2019 P/E representing a slight premium to its historical five-year mean forward P/E is approximately 7.3 times. It also offers a forward FY2019 dividend yield of