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Hong Kong stocks fluctuate | Mainland real estate stocks continue to decline, with a large number of real estate companies still incurring losses in the first half of the year. The market continues to face downward pressure on both volume and price.
Mainland real estate continued to decline. As of the time of publication, Zhongliang Hldg (02772) fell by 7.07% to HK$0.092; Yuexiu Property (00123) fell by 3.57% to HK$4.05; Seazen (01030) fell by 2.74% to HK$1.42.
Mainland real estate stocks generally fell, with Zhongliang Hldg (02772) dropping by 7.07%. The volume of new homes in August decreased compared to the previous month, and institutions indicated that the market has entered the final stage of destocking fo
Golden Guard Financial News | Mainland real estate stocks fell across the board, with Zhongliang Holdings (02772) down 7.07%, Longfor Group (00960) down 2.77%, Yuexiu Property (00123) down 2.14%, Greentown China (03900) down 1.56%, and China Overseas Development (00688) down 1.48%. On the news front, recently, CRIC Real Estate Research published an article stating that in the first two weeks of August, both new and existing home sales declined compared to the previous month, with a 21% decrease in total new home transactions in 30 cities compared to the same period in July, and a roughly 28% decrease in total existing home transactions in 15 cities. Compared to the same period last year, overall new home sales remained in negative growth.
[Brokerage Focus] Bocom Intl maintains a buy rating on Yuexiu Service (06626), indicating that the first-half performance meets expectations, and ample cash supports share buybacks.
According to the research reports released by bocom intl, Yuexiu Services (06626) increased its revenue by 29.7% year-on-year to CNY 1.96 billion, and gross margin decreased by 2.2 percentage points to 25.9%. The net income increased by 12.1% year-on-year to CNY 0.278 billion. The proposed interim dividend per share is HKD 0.1, and the payout ratio is maintained at 50%. The performance for the first half of the year was roughly in line with expectations. The bank mentioned that since no mergers and acquisitions were completed in the first half of 2024, the company's cash balance further increased to CNY 4.87 billion (CNY 4.7 billion at the end of 2023). There are no major cash deployment plans or sustainable positives.
Hong Kong stocks fluctuate | Mainland real estate stocks generally weaken, August housing market heat is expected to remain low, and new house prices may continue to fall.
Mainland real estate stocks are generally weak. As of press time, Shimao Group (00813) fell by 3.08% to HKD 0.63; Zhongliang Holdings (02772) fell by 3% to HKD 0.097; Yuexiu Property (00123) fell by 2.96% to HKD 4.26.
TF Securities research: Real estate industry faces both the 'reversal of difficulties' and the 'policy game' logic.
After the "517 New Policy", the real estate market's confidence has stabilized and the expected price decline has improved. However, the market's overall price expectation is still weak.
Yuexiu Property (00123) has given up the option to redeem the "21 Hu Jian 03" bonds.
Yuexiu Property (00123) announced that Guangzhou Urban Construction and Development Co., Ltd. will seek professional investment in 2021...
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