Financial PositionTai Cheung has a solid financial position with net cash of HKD859mn, enabling it to pursue land acquisitions when opportunities arise.
Luxury Home SalesThe decline in HIBOR has lowered mortgage rates and improved homebuyer sentiment, positively impacting luxury home sales.
Net Asset ValueThe stock is trading at a significant discount to the assessed NAV, offering potential upside with a target price set at HKD3.90.