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China Merchants Shekou Industrial Zone Holdings Co., Ltd.'s (SZSE:001979) Subdued P/E Might Signal An Opportunity
China Galaxy Securities: Monthly sales area in real estate turned positive year-on-year, and the effects of policies are gradually becoming apparent.
China Galaxy Securities released a research report stating that from January to November 2024, the cumulative sales area and sales amount both showed a narrower decline compared to the previous month, with a year-on-year positive growth in sales area for the month of November.
China Merchants Shekou: Briefing on sales and recent land use rights purchases in November 2024
Express News | China Merchants Shekou Nov Contract Sales at 21.6 Bln Yuan
China Merchants Shekou Industrial Zone Holdings (001979.SZ): In November, the contracted sales amount reached 21.592 billion yuan.
Gelonghui reported on December 9 that china merchants shekou industrial zone holdings (001979.SZ) announced that in November 2024, the company achieved a contracted sales area of 0.8274 million square meters and a contracted sales amount of 21.592 billion yuan. From January to November 2024, the company accumulated a contracted sales area of 8.1695 million square meters and accumulated a contracted sales amount of 189.063 billion yuan.
China Galaxy Securities: The stable operation advantages of central and state-owned enterprises in real estate are highlighted, helping to navigate through cycles.
With the gradual increase in support from top-down policies for the industry, the valuation of leading real estate companies is expected to rise.