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HTSC: The real estate hold positions ratio continued to decline in Q2 2024. It is recommended to focus on real estate companies with abundant core resources and stable operation.
Real estate positions and concentration of holding positions continued to decline.
Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
Why Investors Shouldn't Be Surprised By Yuexiu Property Company Limited's (HKG:123) Low P/E
Yuexiu Property Secures HK$700 Million Loan
Yuexiu Property: To Act as Guarantor for Loan Facility
Yuexiu Property's subsidiary has obtained HKD 0.7 billion in loan financing provided by banks.
On 18th July, Guangzhou Yuexiu Property Co., Ltd. (00123.HK) announced that on July 18, 2024, Hong Jing Limited (as the borrower) and a bank entered into a financing agreement, under which the lender provided a HKD 700 million (or equivalent in RMB) term loan financing under the terms and conditions of the financing agreement, with a loan term of 364 days from the date of the financing agreement. Hong Jing is a wholly-owned subsidiary of the company and its obligations under the financing agreement are guaranteed by the company.
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