Aggressive expansion and heavy debt are nothing to worry about – at least for investors in Sunac China.
The Chinese property developer, which specialises in luxury flats, saw its Hong Kong-listed shares reach an all time high for a fifth day on Friday, jumping 12.4 per cent to HK$33.5, giving it a record market value of HK$138.5 billion.
In fact, it is one of the best performers on the Heng Seng Index this year, gaining 400 per cent year-to-date. As a result, the personal wealth of its…
Source : South China Morning Post
Read more…Sunac China shares are up 400pc year to date, but bullish investors see even more upside
