01918 SUNAC
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SUNAC News
Follow up on Guangzhou! First-tier cities all cancel the standard of ordinary and non-ordinary residential properties, what is the market impact?
① With Guangzhou's official announcement today, all four first-tier cities have now canceled the standards for ordinary residences and non-ordinary residences. ② "For first-tier cities, after canceling the standards for ordinary residences and non-ordinary residences, it can significantly reduce the value-added tax costs in the second-hand housing trade process, lower transaction costs, and promote improving demand."
Hong Kong stocks have unusual movements | Mainland real estate surged during trading as new first-tier real estate policies were intensively implemented, and industry data is expected to continue improving.
Mainland real estate stocks surged during the trading session. As of the time of writing, r&f properties (02777) is up 5.2%, trading at 1.82 HKD; sunac (01918) is up 3.38%, trading at 2.45 HKD; radiance hldgs (09993) is up 3.26%, trading at 3.48 HKD.
【Special Contributor】Deng Shengxing: The market is worried about geopolitical risks, and investors are cautious about entering the market.
Goldway Financial News | The Hang Seng Index closed at 19,601 on Thursday (21st), down 103 points or 0.53%. The total market turnover was 119.2 billion yuan. The National Index fell by 0.79%, closing at 7,034; the Science and Technology Index dropped 1.2%, closing at 4,358. Mainland real estate stocks remain under selling pressure. Sunac (01918) dropped 9.2%; CIFI Holdings (00884) decreased by 4.5%; mainland dining stocks are also heavily sold off. Xiabuxiabu (00520) fell 7.1%; Jiumaojiu (09922) declined by 5.9%; bitcoin approached the $100,000 mark, and etf performed well. Huaxia Bitcoin (03042) rose by 4.7%; the Dow Jones on Thursday.
On November 21, southbound funds net bought over 4.6 billion Hong Kong dollars: increased positions in Kuaishou and alibaba, with outflows from sunac and kingsoft cloud.
① The southbound capital transacted approximately 51.5 billion Hong Kong dollars that day. Which stocks are seeing continued inflow? ② Kuaishou experienced an inflow of over 0.6 billion Hong Kong dollars. How is the stock price performing?
Beishui trend | Beishui's net buy transaction amounted to 4.666 billion. Beishui sold Sunac (01918) and increased its position in Kuaishou (01024) by over 0.6 billion Hong Kong dollars after the performance report.
On November 21st in the Hong Kong stock market, northbound capital recorded a net buy of 4.666 billion Hong Kong dollars, with the Shanghai-Hong Kong Stock Connect net buy being 2.683 billion Hong Kong dollars and the Shenzhen-Hong Kong Stock Connect net buy being 1.983 billion Hong Kong dollars.
Mainland real estate stocks all fell, radiance hldgs (09993) dropped by 11.05%. Fitch Bohua expects significant pressure on short-term housing price adjustments.
Golden Guard Financial News | Mainland real estate stocks fell across the board, with Radiance Holdings (09993) down 11.05%, Sunac (01918) down 8.43%, R&F Properties (02777) down 7.85%, Shimao Group (00813) down 5.08%, Sino-Ocean Group (03377) down 4.62%, and cifi hold gp (00884) down 4.55%. In terms of news, Fitch Bohua stated in the report that the outlook for the China real estate development industry in 2025 is "slow but stable", expecting the short-term downward trend in second-hand house prices to continue, with still significant pressure on new house price adjustments, believing that
The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.
① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.
According to the Finger Research Institute, in October, the average price of second-hand residences in 100 cities dropped by 7.27% compared to the same period last year.
According to data monitoring by the China Index Academy, in October 2024, the average price of second-hand residences in 100 cities was 14,360 yuan per square meter, a month-on-month decrease of 0.60%, narrowing the decline by 0.10 percentage points compared to September; a year-on-year decrease of 7.27%.
As of November 19, southbound funds had a net buy of nearly 2 billion Hong Kong dollars: significant inflow into Tencent and Xiaomi, while reducing holdings in two etfs and sunac.
① The southbound funds traded approximately 50.6 billion Hong Kong dollars on the same day. Which individual stocks continue to receive inflows of funds? ② Tencent saw an inflow of nearly 0.6 billion Hong Kong dollars. How did the stock price perform?
Hong Kong stocks anomaly | Mainland real estate stocks surged and then fell back, ronshinechina (03301) dropped more than 5%, zhongliang hldg (02772) dropped more than 3%.
Mainland real estate surged and then fell back. As of the time of publication, ronshinechina (03301) fell by 5.05% to 0.47 Hong Kong dollars; Zhongliang Hldg (02772) fell by 3.68% to 0.131 Hong Kong dollars; Shimao Group (00813) fell by 2.5% to 1.17 Hong Kong dollars.
Hong Kong stocks abnormal movement | Mainland real estate stocks collectively open high. First-tier cities officially announce the cancellation of ordinary residential and non-ordinary residential standards. Radiance hldgs (09993) soared 25%.
Mainland real estate stocks collectively opened high, as of the time of publication, radiance hldgs (09993) rose by 25.56% to HK$4.47; r&f properties (02777) rose by 5.82% to HK$2; sunac (01918) rose by 4.09% to HK$2.8; greentown china (03900) rose by 3.31% to HK$9.62.
Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
Changsha's housing provident fund introduces new policies: the minimum down payment ratio for the first and second set of housing is 20%, and the maximum loan amount can be increased to four times.
①Employees' families purchasing their first or second improved self-occupied housing applying for housing provident fund loans, the minimum down payment ratio is uniformly adjusted to 20%; ②The maximum loan amount for high-level talents in categories A, B, C, and D purchasing their first self-occupied housing can be increased to four times the maximum loan amount in Changsha.
The Southbound funds net bought over 13.5 billion Hong Kong dollars on November 18, significantly grabbing shares of the three major ETFs while sunac had continuous outflows.
① The southbound funds traded approximately 61.2 billion Hong Kong dollars that day, which stocks are experiencing continued inflow? ② The inflow of funds into alibaba exceeded 0.7 billion Hong Kong dollars, how did the stock price perform?
Real estate policies continue to stimulate real estate stocks, r&f properties rose more than 5%.
① What are the main contents of the "Notice on Canceling the Standards for Ordinary Housing"? ② How do market policies affect the real estate market?
Among first-tier cities, shanghai was the first to cancel the standard for regular and non-regular residential properties, and it has comprehensively reduced the cost of housing trade taxes and fees.
① Shanghai is the first of the four first-tier cities to abolish the standards for ordinary and non-ordinary residential properties, and it is expected that the other three first-tier cities will also quickly eliminate the relevant standards. ② The latest policies in Shanghai will reduce personal income tax and housing transaction tax, making transaction costs more reasonable, while better meeting residents' replacement needs; these measures will enhance the confidence of market participants and are beneficial for further stabilizing market expectations.
Hong Kong stocks are moving differently | Mainland real estate stocks collectively rise, highlighting the effect of real estate support policies, with a significant narrowing of the year-on-year sales decline in October.
Mainland real estate stocks collectively rose. As of the time of writing, R&F Properties (02777) increased by 7.47%, priced at 1.87 HKD; China Vanke (02202) increased by 4.69%, priced at 6.69 HKD; Sunac (01918) increased by 3.46%, priced at 2.69 HKD.
The Zhongzi Research Institute: Last week, the year-on-year increase in the housing market was significant, with 1.46 million square meters of residential land transacted in 40 large and medium-sized cities.
The China Real Estate Research Institute stated in a document that last week the overall real estate transaction volume decreased compared to the previous week, but increased year-on-year, with first-tier cities leading the year-on-year increase at 43.34%.
Express News | JPMorgan Chase & Co's Long Position in Sunac China Increases to 5.06% on Nov 12 From 4.72% - HKEX
Home Prices in Major Chinese Cities Show Slight Improvement
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