SUNAC SERVICES Stock Forum

after the HKSAR Establishment holiday. New home sales by China's top 100 developers rose 36% m/m, thanks to recent supportive measures.
Hang Seng China Enterprises rises 0.9%.
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China's Jan-Apr realestate development investment fell by 9.8% y/y to 3.1 trillion yuan.
Residential housing sales areas tumbled 20.2% y/y to 2.26 trillion square meters, and the total sales plummeted by 28.3% y/y to 2.8 trillion yuan.
Developing funds in place fell 24.9% y/y to 3.4 trillion yuan.
Sentiment 92.0
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Sunac China: On 13 Nov, Morgan Stanley agreed to place 335 million Placing Shares at a price of HK$15.18 per Share on behalf Sunac. Controlling shareholder Sun Hongbin has provided out of his own funds US$450 million to the Group (in the form of interest-free loan) to support the continuous business development of the Group.
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