Seeking Alpha: Less Bad Is Good Enough For Cheung Kong

It's hard to call the Hong Kong property sector healthy when prices just recently crossed the point where they are up for the year, but this "less bad than expected" market in Hong Kong has been enough to send the shares of property developer Cheung Kong (OTCPK:CHEUY) up about 15% so far this year. Better yet, Cheung Kong continues to trade at a low implied multiple on its Hong Kong and China property businesses, while management retains its focus on mass market customers and low gearing. Add in an increasing willingness to take the business wherever it needs to go to find good returns, and there is enough remaining upside to merit a closer look.

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Less Bad Is Good Enough For Cheung Kong

Seeking Alpha: Hutchison Whampoa's Juggling Act Continues To Create Value

Investment conglomerate Hutchison Whampoa (OTCPK:HUWHY) (or "HWL") is one of those stocks that will test an investor's ability and desire to really get into the fine details of all of its operations. From ports to telecom to property development to retail and infrastructure, HWL's management team operates a large asset base spread across the world. Although investment company structures aren't always the best in terms of reflecting full value of the underlying assets, HWL has been doing well with its retail, telecom, and property ventures, while also increasingly allocating capital away from less promising businesses. Trading around 10% to 20% below fair value, these shares appear to offer solid value with a highly diversified business mix.

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Hutchison Whampoa's Juggling Act Continues To Create Value