02869 GREENTOWN SER
- 3.970
- -0.030-0.75%
GREENTOWN SER News
Retail Investors Among Greentown Service Group Co. Ltd.'s (HKG:2869) Largest Shareholders, Saw Gain in Holdings Value After Stock Jumped 4.9% Last Week
Stocks in Hong Kong | greentown ser (02869) rose more than 5%, recently planning to sell part of the equity held in MAG.
Greentown ser (02869) rose more than 5%, as of the time of writing, up 5.33%, priced at 3.95 Hong Kong dollars, with a turnover of 0.185 billion Hong Kong dollars.
Greentown Service (02869.HK) plans to sell 16.2 million australian dollars of MAG's 11.64% equity.
Gelonghui November 8th | Greentown Ser (02869.HK) announced that on November 8, 2024, the seller, Greentown Education Investment Co. Ltd (a wholly-owned subsidiary of the company), and the buyer, Montessori Academy Pty Ltd (as the trustee of the Montessori Academy reits), entered into a share sale agreement, whereby the seller agreed to sell and the buyer agreed to purchase the shares sold, representing approximately 11.64% of MAG's issued share capital, for a consideration of 1.
Express News | Greentown Service Group Co Ltd - Unit to Sell 11.64% Stake in Montessori Academy Group for a$16.2 Mln
Do Its Financials Have Any Role To Play In Driving Greentown Service Group Co. Ltd.'s (HKG:2869) Stock Up Recently?
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
GREENTOWN SER: VARIATION OF THE TERMS OF PREVIOUSLY ANNOUNCEDDISCLOSEABLE TRANSACTION -FURTHER AMENDMENTS TO THE TERMS AND CONDITIONS OFTHE RESTATED NOTE
The Three-year Shareholder Returns and Company Earnings Persist Lower as Greentown Service Group (HKG:2869) Stock Falls a Further 15% in Past Week
GREENTOWN SER: INTERIM REPORT 2024
CICC: Real estate entering policy observation period, bullish on China Res Land and others.
CICC released a research report stating that the mainland real estate sector will enter a period of policy effect observation. Considering that the current real estate sector is still in a trend of shrinking volume and falling prices, the comprehensive financial support policies announced on September 24 may bring about a temporary marginal improvement, but whether they can bring about a turning point in the fundamentals still needs to observe the policy effects, and whether there will be further efforts to boost economic growth from the fiscal side. The development sector recommends stable stocks, such as China Merchants Shekou Industrial Zone Holdings, China Resources Land (01109), China Overseas (00688); the service sector suggests positioning on the left side of price fluctuations in enterprises with better composite returns in growth and dividend yield, such as Hua.
Hong Kong stock market concept tracking | Existing home loan interest rate cut imminent, real estate sector accelerates stabilization and valuation repair (with concept stocks)
Industry insiders predict that the specific plan for lowering the interest rates on existing housing loans is unlikely to be introduced before the "National Day" holiday.
Market Participants Recognise Greentown Service Group Co. Ltd.'s (HKG:2869) Earnings
Soochow Securities: Transformation, Risks, and Dividends of Property Companies
In the first half of 2024, some property companies' gross margin has shown a stabilization or even upward trend. The total amount of medium-term accounts receivable and turnover days have both slightly increased, but not to a level of severe deterioration. In addition, property companies are continuing the trend of increasing shareholder returns through active dividend distribution.
Opinion index: The growth of listed physical enterprises has slowed down, and IFM prices have started to "intensify" internally.
The interim report disclosed by listed companies at the end of August shows a continuous slowdown in the industry's scale and revenue growth, making profits more difficult and financial risk control pressure increasing.
[Brokerage Focus] China International Capital Corporation indicates that it may be difficult for real estate developers' operations and performance to show a turning point, but short-term policy adjustments may bring trading opportunities.
China International Capital Corporation released a research report indicating that the current real estate market faces certain pressure in terms of volume and price performance. The bank believes that under the overall tone of maintaining the stable and healthy development of the industry and preventing the spread of risks, there is still the possibility of further optimization and adjustment of relevant policies in the future, including the reduction of both existing and new housing loan interest rates, adjustments to the 'four limitations' in first-tier cities, further improvements in financing rates and the scope of property acquisition policies, and fiscal efforts to stabilize and improve the economy. The bank stated that real estate investment indicators on the demand side in August continued to show weakness, reflecting a downward trend in business risk. Real estate investment in August decreased by 10.2% year on year (July -10.
[Brokerage Focus] CMB International: The downward trend in real estate sales in September may intensify.
Jingu Finance News | CMB International Bank said that the downward trend in real estate sales in September may intensify. The bank pointed out that some cities are adopting a new pricing mechanism, using the internal area of the house rather than the total area as the pricing basis for sales while keeping the total price of the house unchanged. The bank believes that due to the higher price per unit area under this mechanism, it will not promote sales in the short term. However, the bank believes that this will increase transaction transparency, protect the rights and interests of homebuyers, and promote the healthy development of the industry in the long term. Discussions on the policy of allowing conversion of inventory to mortgages are currently underway. The bank believes that this will only be feasible when mortgage interest rates decrease to a level that makes rental yield attractive.
Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
[Brokerage Focus] zhongtai maintains a "buy" rating for greentown ser (02869), pointing to steady growth in first-half revenue performance.
Jingu Financial News | Zhongtai Securities' research report indicates that greentown ser (02869) achieved total operating income of 9.068 billion in the first half of 2024, a year-on-year increase of 10.6%; with property service revenue reaching 6.019 billion, a year-on-year increase of 14.6%; park service revenue of 1.758 billion, a year-on-year increase of 6.1%; consulting services revenue of 1.132 billion, a year-on-year increase of 5.3%; technology service revenue of 0.159 billion, a year-on-year decrease of 25.5%. The reason for the decline in revenue for the technology service sector is due to delays in contract execution by the clients, prompting the company to proactively optimize its business structure. As for profitability,
Hong Kong stock market | Property management stocks rise in early trading. Property management companies increase shareholder returns. Institutions say some property management companies are showing resilience.
The property management stocks rose in early trading. As of the time of writing, china ovs ppt (02602) rose by 4.72% to HK$18.64; greentown ser (02869) rose by 4.24% to HK$3.69; poly ppt ser (02669) rose by 1.26% to HK$4.83; and poly ppt ser (06049) rose by 1.56% to HK$26.05.
Property management stocks generally rose, with Greentown Services (02869) up 3.67%. Institutions point out that the core business of mid-term property service companies is maintaining growth.
Jingu financial news | Property management stocks generally rose, Rongxin service (02207) rose by 5.38%, Wanwu Cloud (02602) rose by 4.61%, Greentown service (02869) rose by 3.67%, Jianfa property (02156), Poly property service (06049), Shimao services (00873), etc. rose with it. On the news front, citic securities stated that in the 2024 interim report, the core business of property service enterprises maintained growth, quality improvement in external development, and stable efficiency, reflecting a quasi-public utility attribute. The most core factor affecting the valuation of the enterprise remains corporate governance issues. Independence risk is relatively small.
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