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Is Greentown Service Group Co. Ltd.'s (HKG:2869) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
According to CRIC: In January, the top 50 Property Service companies added contract area of approximately 78.08 million square meters, and the leading companies continue to expand their scale.
In terms of urban service projects, CHINA RES MIXC became the champion of contract amounts for urban service projects in January with a contract value of 83.95 million yuan.
[Brokerage Focus] CIB International expects the growth rate of new home sales in mainland China to decline by 11% this year, while the transaction amount of second-hand houses is expected to increase by 5%.
Goldengates Financial News | According to a research report from CMB International, the contract sales amount of the top 10 real estate companies in the mainland fell by 1.5% year-on-year in January, with a reduction in new supply. The firm expects the annual growth rate of new home sales to decline by 11% to 7 trillion yuan in 2025, while the transaction amount of second-hand homes is expected to increase by 5% to reach 7.5 trillion yuan, officially surpassing new homes to become the dominant market in the Industry. In terms of stock selection, the firm suggests focusing on symbols with strong business operation capabilities such as CHINA RES LAND (01109) and LONGFOR GROUP (00960), as development continues to shrink, and the Retail Trade business has better risk resilience. When signs of economic stabilization appear, the Retail Trade business performs better than development.
Hong Kong stocks movement | GREENTOWN SER (02869) rises over 3% as Institutions predict the company's profit will increase by up to 25% year-on-year in 2024, with cash flow demonstrating resilience.
GREENTOWN SER (02869) increased by over 3%, as of press time, it rose by 3.51%, trading at 3.83 Hong Kong dollars, with a transaction amount of 3.8123 million Hong Kong dollars.
On January 17, GREENTOWN SER (02869.HK) spent 2.8207 million Hong Kong dollars to repurchase 0.76 million shares.
Gelonghui, January 17: GREENTOWN SER (02869.HK) announced that on January 17, 2025, it will spend 2.8207 million Hong Kong dollars to buy back 0.76 million shares, with a buyback price of 3.67-3.75 Hong Kong dollars per share.
CICC: New home sales showed stable performance in December 2024. Follow-up measures after the policy effect pulsing back are still the focus of attention.
Considering the recent narrowing year-on-year growth in sales area of new and second-hand homes, and the trend of declining listing prices and increasing volumes in major cities, the effects of policies may be gradually pulsing back. The decline in market trading activities around the Spring Festival could lead to a more stable phase of price fluctuations.
Market Participants Recognise Greentown Service Group Co. Ltd.'s (HKG:2869) Earnings
