Hong Kong Stock Exchange Announcement | China Life Insurance's cumulative original insurance premium income in the first seven months was about 523.5 billion yuan, an increase of 4.4% year-on-year.
China Life Insurance accumulated original insurance premium income of approximately 523.5 billion yuan in the first seven months, a year-on-year increase of 4.4%; Longfor Group achieved a total contract sales amount of 58.63 billion yuan in the first seven months...
Longfor Group Boasts Strong Sales and Income
Longfor Group (00960.HK) total contract sales amount for July is 7.51 billion yuan.
On August 9th, Gelunhui reported that Longfor Group (00960.HK) has cumulatively realized a total contract sales amount of RMB 58.63 billion and a contract sales area of 4.25 million square meters as of the end of July 2024. The total contract sales amount for July was RMB 7.51 billion, with a contract sales area of 0.595 million square meters. In July, the contract sales amount attributed to the company's shareholders' equity was RMB 5.25 billion, with a contract sales area of 0.43 million square meters. As of the end of July 2024, the group's operational revenue was about RMB 15.4 billion.
Express News | Longfor Group - July Total Contracted Sales of RMB7.51 Bln
The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
Reducing inventory of existing homes is one of the main focuses of current real estate policies.
The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
GTJA: Real estate industry still focused on destocking, suggesting balanced allocation.
GTJA Securities released a research report stating that from January to July 2024, the scale of land acquisition by real estate companies continued to shrink significantly year-on-year, reflecting a further increase in the concentration of central and state-owned enterprises.
Longhu Longmin Festival 2024 kicks off: Taste a different kind of sweetness after 10 years of companionship.
The time had just begun, and the laughter had ripened. On August 8, the “2024 Longhu Longmin Festival” officially opened. The enthusiasm of early autumn filled the festival, making the lives of Longmin more colorful. The “Longhu Longmin Festival” is one of the three major brand events of the Longhu Group. It has been held continuously until the 10th time this year. The event is based on the rich scenes created and served by Longhu, and aims to bring a variety of online and offline fun experiences to the people of Dragon. In 2024, with ten years as a milestone, the Longhu Longmin Festival special selection kicks off on Longhu Group's siqing day — starting before the warm Tanabata Festival, and finally after the warm Mid-Autumn Festival, and the period has passed through most of the children
Longfor Group Declares Final Dividend for 2023
LONGFOR GROUP: SCRIP DIVIDEND SCHEME IN RELATION TO THE 2023 FINAL DIVIDEND CALCULATION OF MARKET VALUE OF NEW SHARE
China Index Academy: From January to July, the total amount of land acquired by the top 100 real estate enterprises nationwide was 430.71 billion yuan, a year-on-year decrease of 38.0%.
On August 1st, Zhongzhi Research Institute released a document stating that from January to July 2024, the total land acquisition of the TOP100 enterprises was 430.71 billion yuan, a year-on-year decrease of 38.0%, which continued to increase by 2.2 percentage points compared to the decline from January to June.
Hong Kong Stock Concept Tracking | Official Document! Promote New Urbanization Construction, Top Real Estate Enterprises Expected to Benefit First (with Concept Stocks)
The State Council recently issued the "Five-year Action Plan for Deepening the Implementation of the People-oriented New Urbanization Strategy".
Nomura Adjusts Longfor Group Holdings' Price Target to HK$12.60 From HK$17.10, Keeps at Buy
Hong Kong stock concept tracking | Real estate collection and storage scope will gradually expand and strive, policy support to continue to promote destocking (with concept stocks)
Puyin International pointed out that the focus of real estate policy is still on helping real estate companies digest inventory.
Hong Kong stock market anomaly | Mainland real estate stocks collectively rise, Political Bureau meeting again mentions digestion of stock and storage and purchase, real estate companies continue to promote destocking.
Mainland real estate shares collectively rose. As of press time, CIFI Holdings Group (00884) rose 7.41% to HKD 0.29; Sunac China (01918) rose 6% to HKD 1.06; China Vanke Enterprise (02202) rose 4.4% to HKD 4.27; Longfor Group (00960) rose 3.69% to HKD 10.12.
Mainland real estate stocks fall, China Res Land (01109) drops by 3.15%. The market awaits macroeconomic improvement and policy support from CSI.
Jingu Finance News | Mainland real estate stocks fell, with Ch Ovs G Oceans (00081) down 4.32%, C&D Intl Group (01908) down 3.94%, China Res Land (01109) down 3.15%, Radiance Hldgs (09993) down 2.15%, Longfor Group (00960), and China Overseas (00688) down over 1.5%. CICC published a report stating that under the dual impact of gradually reduced policy effects and seasonal factors, new home sales in July fell by 30% on a monthly basis and still fell by over 10% year-on-year under a low base; second-hand home sales remained flat on a monthly basis but increased by about 30% year-on-year, showing different trends.
Breaking News: Hang Seng Index fell 1.03%, technology index fell 1.4%, with network technology stocks rising and falling.
On July 30th, the US stock market closed mixed. The market is preparing for non-farm employment data and financial reports from tech giants such as Microsoft, Apple, Amazon, and Meta Platforms. The Federal Reserve will announce the latest monetary policy decision this week. Today, the three major Hong Kong stock indexes opened collectively lower, with the Hang Seng Index falling 0.26% to 17,194.37 points, the Hang Seng Technology Index falling 0.06%, and the Hang Seng China Enterprises Index falling 0.25%. On the market, network technology stocks fluctuated up and down, Baidu rose 1%, Tencent and Xiaomi fell 0.7%; auto stocks fell more than rose, Great Wall Motor fell 1%, and Li Auto Inc rose more than 1%; mainland real estate stocks rose more than fell.
Are Longfor Group Holdings Limited (HKG:960) Investors Paying Above The Intrinsic Value?
Ke Rui: Total demand for housing in the first half of the year continued to shrink, and the total volume of transactions in primary and secondary housing decreased by 22% year-on-year.
On July 29th, Ke Research released a statement stating that in the first half of 2024, the real estate market will continue to undergo deep adjustments, with a continuous contraction in the total demand for housing and a year-on-year decrease of 22% and a decrease of 7% compared to the previous period in the total volume of transactions for both new and existing homes.
According to Zhongzhi Research, the overall transaction volume of the real estate market increased month-on-month last week, and second-tier cities saw significant growth in transaction volume.
According to the data released by the China Index Academy, the overall transaction volume of the real estate market increased on a month-on-month basis last week, with significant increases in second-tier cities. The overall inventory ratio decreased slightly. The residential land transaction volume in 40 large and medium-sized cities was 1.06 million square meters, with a land transfer fee of 5 billion yuan.
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