POWERLONG Stock Forum

HK-listed mainland property developers are dropping on Wednesday, making the sector the biggest dragger on the stock market today, as wordings about realestate from the Central Economic Work Conference missed expectations.
$COUNTRY GARDEN(02007.HK)$ $CG SERVICES(06098.HK)$ $EVERGRANDE(03333.HK)$ $EVERG SERVICES(06666.HK)$ $LONGFOR GROUP(00960.HK)$ $LONGFOR GROUP HLDG(LGFRY.US)$ $SUNAC(01918.HK)$ $CIFI HOLD GP(00884.HK)$ $TIMES CHINA(01233.HK)$ $SEAZEN(01030.HK)$ $POWERLONG(01238.HK)$ $CHINA VANKE(02202.HK)$ $Global X MSCI China Real Estate ETF(CHIR.US)$

$COUNTRY GARDEN(02007.HK)$ added 0.9% on rumor that the company's two bondholders received interest payment, and report that the company's "16 Teng Yue 02" bond extension proposal will be closed for voting tonight. Its series $CG SERVICES(06098.HK)$ faded 1.3%, being the worst-performing blue-chip stock. As for other Chinese property developers, $POWERLONG(01238.HK)$ leaped 3.3%. $R&F PROPERTIES(02777.HK)$ soared almost 3%. $SUNAC(01918.HK)$ lost 1%.

Hong Kong stocks opened higher in the morning. $Hang Seng Index(800000.HK)$ opened 105 pts or 0.6% higher at 18,131. $Hang Seng China Enterprises Index(800100.HK)$ opened 38 pts or 0.6% higher at 6,298. $Hang Seng TECH Index(800700.HK)$ opened 18 pts or 0.5% higher at 4,082.
Chinese property developers remained under speculation. $POWERLONG(01238.HK)$ and $SUNAC(01918.HK)$ shot up 9.5% and 8.5%. $COUNTRY GARDEN(02007.HK)$ and $KWG GROUP(01813.HK)$ mounted 7....

2nd-hand home transactions by floor area in China's 15 major cities rose 66% y/y in Jan - Mar and in Mar, transactions rose 98% y/y, rose 49% m/m, shows research data.
$POWERLONG(01238.HK)$ $CHINA SCE GROUP(01966.HK)$ $TIMES CHINA(01233.HK)$ $CH OVS G OCEANS(00081.HK)$ $COUNTRY GARDEN(02007.HK)$ $SEAZEN(01030.HK)$ $SINO-OCEAN GP(03377.HK)$ $CHINA JINMAO(00817.HK)$ $LOGAN GROUP(03380.HK)$