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This REIT With a 15% Yield May Have a Dividend Problem. Here's Why. -- Barrons.com
[Brokerage Focus] Bocom Intl expects real estate private enterprises to continue facing significant financial pressure.
Jingu Wealth News | Bocom Intl stated that according to preliminary data from Ke Ruixi, the total sales volume of the top 100 developers in August decreased by 10.0% to 272.5 billion yuan from July's 302.8 billion yuan. The sales of the 24 major listed developers tracked by the bank in August showed a slight decline, down 2.4% from the previous month. In addition, the National Bureau of Statistics' data for July showed a month-on-month decrease in the price index of various tier cities. The bank pointed out that the sales in August were affected by the off-season and high base, and it is expected that with further lifting and implementation of policies, overall housing purchase sentiment will continue to marginally recover in the fourth quarter.
Hong Kong stock market closed (09.10) | Hang Seng Index rose 0.22%. The performance of new stars in the Hong Kong stock connect program was impressive, but Wuxi Apptec (02359) plummeted 10%.
Hong Kong stocks opened slightly higher in the morning, then fell back, but quickly pulled up and turned higher, with the increase expanding in the afternoon. As of the close, the Hang Seng Index rose by 0.22% or 37.13 points to 17234.09 points, with a total daily turnover of 107.394 billion Hong Kong dollars.
Sell-off pressure increased! Multiple mainland real estate stocks plummeted after being removed from the Hong Kong stock connect, and the sector's trading atmosphere may continue to cool down.
① How big is the impact of the sharp decline of multiple mainland real estate stocks after being removed from the Hong Kong Stock Connect? ② The trading atmosphere in the real estate sector is sluggish, which bearish factors should we pay attention to recently?
Is real estate inventory declining according to the Zhongzhi Institute?
According to a report by the China Index Academy, the inventory clearance cycle is dynamic and is influenced by both the inventory size and the market sales speed. With a significant reduction in land supply, the market is entering a stage of spontaneous inventory clearance. However, the current real estate sales still face adjustment pressure, and the pace of inventory clearance relying solely on market forces is relatively slow. Therefore, policy support is still needed.
Shimao Group [00813] is now trading at 0.44 Hong Kong dollars, a decrease of 26.67%.
As of 09:44, Shimao Group [00813] reported a price of HKD 0.44, a decrease of HKD 0.16 or 26.67% from yesterday's closing price of HKD 0.6. The turnover was HKD 19.6464 million. The highest price today was HKD 0.58, and the lowest price was HKD 0.44. Based on yesterday's closing price, the 10-day average price is HKD 1.17, and the 50-day average price is HKD 0.59. The current P/E ratio is -0.18 times, and the 14-day relative strength index is 71.01.
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