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Hong Kong stocks surge: most mainland real estate stocks rebound in early trading, and the decline in new home sales in June narrows. Guangzhou's mortgage interest rates have been lowered again.
Mainland real estate stocks rebounded in early trading. As of press time, Shimao Group (00813) rose by 9.88% to HKD 0.89, and Sino-Ocean Group (03377) rose by 4.17% to HKD 0.375.
According to Zhongzhi Research Institute, the merger and acquisition activity in the real estate industry continued to increase in June.
According to Zhongzhi Research Institute monitoring, there were 17 merger and acquisition trades in the real estate industry in June 2024, an increase of 2 compared to the previous month.
What investment opportunities are available in Hong Kong and the United States stock markets as the Federal Reserve is about to cut interest rates?
This week, the reason for the Fed's interest rate cut has been further strengthened. Recently, a cluster of U.S. macroeconomic data has weakened. After the release of weak data last week such as unemployment rate, PMI, and durable goods orders, June CPI also weakened this week, boosting market expectations for Fed interest rate cuts. After the Fed started the interest rate cut cycle, real estate stocks, pharmaceutical stocks, and other interest rate-related sectors are expected to be favored by the market. Multiple data shows that the US economy is cooling down and US June CPI has fallen for the third consecutive month, indicating that the most severe inflation in 40 years in the US is steadily subsiding. Thursday's data shows that the US overall in June
Shimao Group Posts Strong Mid-Year Sales
Shimao Group (00813.HK): The cumulative contracted sales in the first half of the year totaled RMB 17.09 billion.
On July 12, Geely Hui reported that Shimao Group (00813.HK) announced that the cumulative contracted sales of the group as of June 30, 2024 were approximately RMB 17.09 billion, and the cumulative contracted sales area was 1.3132 million square meters. The average selling price for the six months ended June 30, 2024 was RMB 13,013 per square meter. The group's contracted sales in June 2024 were approximately RMB 3.31 billion, with a contracted sales area of 0.2553 million square meters. The average selling price for June was RMB 12,954 per square meter.
Express News | Shimao Group - June Group's Contracted Sales Amounted to Approximately RMB3.31 Bln
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