Teho is late to the game of property
Teho International is diversifying into property development. Although it has an experienced partner but it is late into the game as FED signals interest rate will start to rise next year, this will crimp gains in property development as finance costs rise.
There is a trend of many companies diversifying into property as their core business aren’t doing well or so-so. This is usually a sign of property bubble reaching a peak. It is better to stick to their core business and wait for the tailwind than to venture into property business which is becoming overcrowded.
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