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