UBS Analyst Who Took On Evergrande Now Bullish on China Property
- Lam sees a gradual recovery in the beaten-down property sector
- Analyst was among the first to put a sell rating on Evergrande
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When it comes to Chinese real estate, John Lam is a lone wolf.
The UBS analyst shocked markets three years ago with a rare sell rating on China Evergrande Group, 11 months before it defaulted and became the poster child for the property collapse. Now Lam is going against the grain again, forecasting a gradual recovery in a moribund market that most analysts say hasn’t hit bottom.