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.
0.9% Earnings Growth Over 5 Years Has Not Materialized Into Gains for Greentown Service Group (HKG:2869) Shareholders Over That Period
GREENTOWN SER (02869.HK) spent 2.8577 million HKD to repurchase 0.756 million shares on January 16.
On January 16, Gelonghui reported that GREENTOWN SER (02869.HK) announced the repurchase of 0.756 million shares at a cost of 2.8577 million HKD on January 16, 2025, with a repurchase price of HKD 3.7-3.83 per share.
HSBC Downgrades Greentown Service Group to Hold From Buy; Price Target Is HK$4.10
GREENTOWN SER (02869.HK) spent 2.857 million Hong Kong dollars to repurchase 0.756 million shares on January 15.
Gelonghui, January 15th丨GREENTOWN SER (02869.HK) announced that on January 15, 2025, it spent 2.857 million HKD to buy back 0.756 million shares, with the buyback price ranging from 3.7 to 3.84 HKD per share.
GREENTOWN SER (02869) spent 2.857 million Hong Kong dollars to repurchase 0.756 million shares on January 15.
GREENTOWN SER (02869) announced that on January 15, 2025, the company will invest 2.857 million Hong Kong dollars...
On January 14, GREENTOWN SER (02869.HK) spent 2.8962 million Hong Kong dollars to repurchase 0.76 million shares.
Gelonghui, on January 14, announced that GREENTOWN SER (02869.HK) repurchased 0.76 million shares at a cost of HKD 2.8962 million on January 14, 2025, with a repurchase price ranging from HKD 3.74 to HKD 3.84 per share.
On January 13, GREENTOWN SER (02869.HK) spent 2.8541 million Hong Kong dollars to repurchase 0.762 million shares.
On January 13, Gelonghui announced that GREENTOWN SER (02869.HK) spent 2.8541 million HKD to repurchase 0.762 million shares on January 13, 2025, at a price of 3.67-3.79 HKD per share.
On January 10, GREENTOWN SER (02869.HK) spent 7.6277 million Hong Kong dollars to repurchase 2 million shares.
Glory Hong Kong reported on January 10 that GREENTOWN SER (02869.HK) announced the repurchase of 2 million shares at a cost of 7.6277 million HKD on January 10, 2025, with the repurchase price per share ranging from 3.73 to 3.92 HKD.
Greentown Service Group Announces Strategic Transactions for Enhanced Market Positioning
GREENTOWN SER (02869.HK) spent 7.6864 million HKD to buy back 2 million shares on January 9.
Gelonghui, on January 9, announced that GREENTOWN SER (02869.HK) will spend HKD 7.6864 million on January 9, 2025, to repurchase 2 million shares, with a repurchase price of HKD 3.75-3.88 per share.
On January 8, GREENTOWN SER (02869.HK) spent 9.4111 million HKD to repurchase 2.524 million shares.
On January 8th, Grontonghui reported that GREENTOWN SER (02869.HK) announced the repurchase of 2.524 million shares at a cost of 9.4111 million HKD on January 8, 2025, with a repurchase price per share ranging from 3.66 to 3.8 HKD.
Statistics on Hong Kong Stock Buybacks | January 8
Hong Kong Stock Buyback Statistics | January 8
On January 7, GREENTOWN SER (02869.HK) spent 7.4373 million Hong Kong dollars to repurchase 2 million shares.
Gelonghui, January 7th丨GREENTOWN SER (02869.HK) announced that on January 7, 2025, it spent HKD 7.4373 million to repurchase 2 million shares at a price of HKD 3.64-3.76 per share.
GREENTOWN SER (02869.HK) spent 6.1274 million Hong Kong dollars to repurchase 1.638 million shares on January 6.
Glory Hong Kong announced on January 6 that GREENTOWN SER (02869.HK) spent 6.1274 million Hong Kong dollars to repurchase 1.638 million shares on January 6, 2025, with a repurchase price ranging from 3.65 to 3.89 Hong Kong dollars per share.