Binjiang Service Group (3316 HK)

Quasi-royalty on China's Silicon Valley at 11x P/E on cyclically depressed earnings...

Introduction

This is a high-conviction call on the best undiscovered Chinese Real Estate company today. If you have not read my sector outlook and why I like the China Real Estate Services space today, be sure to check out my previous write-up here.

Binjiang Service was established in 1995 and IPO-ed in 2019. They have grown from a local residential prop…