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[Special Guest] Deng Shengxing: Investors are cautious about entering the market, looking forward to the announcement of the Reserve's interest rate decision on Friday.
On Tuesday (20th), the Hang Seng Index closed at 17,511, down 58 points or 0.33%. The total daily turnover of the market was HKD 74.5 billion. The CSI 300 Index fell 0.49% to 6,195; the ChiNext fell 0.54% to 3,498. It is reported that China is considering allowing special bond funds to purchase existing houses, but mainland real estate stocks are under pressure. China Overseas Land and Investment Limited (00688) fell 0.9%; China Resources Land (01109) fell 1.8%; the Dow Jones Industrial Average closed at 40,834 on Tuesday (20th), down 61 points or 0.15%. The S&P 500 fell 0.2% to 5,597; the Nasdaq fell 0.33% to 17,816, and
TF Securities research: Real estate industry faces both the 'reversal of difficulties' and the 'policy game' logic.
After the "517 New Policy", the real estate market's confidence has stabilized and the expected price decline has improved. However, the market's overall price expectation is still weak.
China Resources Land Limited's (HKG:1109) Price Is Right But Growth Is Lacking
CICC: The basic fundamentals of real estate in July continue to show a weakness in performance as before.
In the short to medium term, investment opportunities in the real estate sector may be dominated by short-term speculation; considering that previous valuations have taken into account too many negative expectations for real estate beta, the current property management sector has room for repair.
China Res Land has accumulated contract sales of approximately 140.2 billion yuan in the first 7 months.
China Res Land (01109) announced that as of the end of a one-month period ending on July 31, 2024, the company and its subsidiaries achieved a total contract sales amount of approximately RMB 15.5 billion and a total contracted sales area of approximately 0.729 million square meters, representing a decrease of 9.8% and 24.7% respectively on an annual basis. Accumulated contract sales amount for the first seven months of 2024 was approximately RMB 140.2 billion, and the total contracted sales area was approximately 5.94 million square meters, representing a decrease of 25.2% and 25.6% respectively on an annual basis. In July 2024, the Group's recurring business revenue amounted to approximately RMB 3.9 billion, representing a year-on-year increase of 13.7%.
China Res Land announced that Guo Shiqing has been appointed as an authorized representative.
China Res Land (01109) announced that, starting from August 12, 2024, Xie Ji resigned from the positions of executive director, executive committee member, authorized representative, and legal process agent; and Guo Shiqing was appointed as the authorized representative.
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