Is Nam Tai Property (NTP) A Smart Long-Term Buy?
Arquitos Capital, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 41.2% was delivered by the fund for the Q1 of 2021, ahead of its S&P 500 benchmark that delivered a 6.2% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Arquitos Capital, in their Q1 2021 investor letter, mentioned Nam Tai Property Inc. (NYSE: NTP) and shared their insights on the company. Nam Tai Property Inc. is a China-based property development and management company that currently has a $477.4 million market capitalization. Since the beginning of the year, NTP delivered a 104.27% return, extending its 12-month gains to 129.81%. As of April 23, 2021, the stock closed at $11.95 per share.