Andrew Lawrence

Andrew Lawrence

Head of Asia Property

With over 20 years in Asia, Andrew has a wide range of experience across the real estate and financial service sectors. Andrew founded Oculus Research Asia in 2015 as an independent research service committed to providing original and insightful research focused on the Asian real estate sector.

As a leading Asian real estate analyst with banks such as Kleinwort Benson, Deutsche Bank and Barclay’s Capital, his research has been highly rated in industry surveys, consistently recognised by international investment institutions and received wide international media coverage. Andrew is the author of the Skyscraper Index. Andrew has direct investment experience, investing across the capital structure of both public and private real estate companies on behalf of investment hedge funds. Prior to moving to Asia, Andrew was head of property strategy for a major UK PLC and spent seven years in real estate advisory.

Andrew holds an MBA from Cranfield University.

Andy Lawrence contributes to the Asia Property service.

Our Asia Property service analyses developments in the sector, with an emphasis on the largest most liquid stocks and provides actionable single stock recommendations and calls on the value of specific REITS and property companies.

Coverage is by Andrew Lawrence from our Hong Kong office.  Andrew joined us as a Research Partner in 2017 and combines 21 years’ experience in Asian real estate at banks such as Kleinwort Benson, Deutsche Bank and Barclays with direct investment experience, investing across the capital structure of both public and private real estate companies for hedge funds, as well as consulting experience in the real estate business.

All research from our partners will offer the same high standards that underpin our macroeconomic and strategy work.  Research partners interact with our in house team to exchange ideas. Through this macro analysis and micro sector expertise come together.  

We launched our Research Partners service in 2016/17 to provide expert sector coverage and investment advice.  Andrew Lawrence covers Asian Property - a sector that links directly to our existing expertise in the macroeconomic and policy arenas.  Andy is a well-established analyst with extensive experience in his ector and strong relationships with investment managers globally.

As other high-quality, experienced analysts leave major sell-side institutions, we will expand the sectors under coverage and will be actively engaged with clients about meeting their needs for high-quality, insightful research.

His research has been top rated in industry surveys and consistently valued by many international investment institutions. Prior to moving to Asia 21 years ago, Andrew was head of property strategy for a major UK PLC and spent seven years in real estate advisory. He founded Oculus Research Asia in 2015 as an independent research service committed to providing original and insightful research focused on the Asian real estate sector.

We believe his partnership with us will generate fresh investment ideas and create outperformance.

VIEW OUR SERVICES
- Asia Property

Andy Lawrence's Track Record

  • Since 2017, Andy has maintained three investment buckets based upon his differentiated valuation approach - his buy bucket is up 21%, his trading bucket is flat and his avoid unless very cheap bucket is down 23%
  • Andy told clients to sell Mitsui Fudosan on 5th February 2020 at Y2,976, on 22nd April he recommended buying the stock at Y1,816, on 9th June he told clients to sell the stock again at Y2,346. The stock currently trades at Y2,001.
  • In March 2020, Andy recommended buying ‘new economy’ Singapore REITS – warehouses and data centres – over ‘old economy’ Singapore REITS – offices and retail. The new economy stocks now trade at a 35% premium to the old economy stocks.
  • In June 2019 Andy showed how at HK$97.50 Link REIT’s share price reflected an eight year growth DDM value rather than its normal three years – the stock now trades on a three year DDM valuation at HK$63.95
  • Since 2018 Andy has been highlighting the declining credit trend in R&F Properties and forecast that the bubble in its share price would retreat to its pre-bubble level. The stock peaked in Jan 2018 at HK$23.80 and is now back to its pre-bubble level of HK$9.65.
Our Services
Linking macro to markets TS Lombard

Our Services

Our services allow us to be flexible in how we contribute to clients' investment processes. Half of the world's top 100 asset managers use our research​.

READ MORE
Charts and Blogs
314de43907363527487591ad95e0c64c-2

Charts and Blogs

Our charts and blogs showcase our thought-leadership on key issues in economics, politics and markets. Visit our research services and request a trial to find out more.

READ MORE
Track Record
TSLombard Black_Emblem

Track Record

We have a 30 year track record of successful calls. Many of these calls combined economic, political and market analysis.

READ MORE