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In the first two months, the sales area of new houses decreased by 5.1% year-on-year. Mainland Real Estate stocks faced setbacks at the beginning of trading, with RADIANCE HLDGS (09993) falling by 4.03%.
Jinwu Finance | Mainland Real Estate stocks faced setbacks in early trading. As of the time of writing, RADIANCE HLDGS (09993) dropped 4.03%, COUNTRY GARDEN (02007) fell 1.92%, CIFI HOLD GP (00884) decreased 1.82%, AGILE GROUP (03383) declined 1.64%, CHINA RES LAND (01109) lost 1.49%, and CHINA OVERSEAS (00688) went down 1.22%. In terms of news, on March 17, the National Bureau of Statistics announced that from January to February, nationwide investment in Real Estate Development totaled 1072 billion yuan, a year-on-year decrease of 9.8%, with the decline narrowing by 0.8 percentage points compared to the previous year's total.
Agile Group Holdings to Announce Annual Results and Dividend Decision
AGILE GROUP (03383.HK) will hold a Board of Directors meeting on March 31 to approve the annual performance.
GLORY ONE reported on March 19 that AGILE GROUP (03383.HK) announced that the Board of Directors will hold a meeting on March 31, 2025, to approve the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and to propose the distribution of a final dividend (if any).
AGILE GROUP: BOARD MEETING DATE
Hong Kong stocks are experiencing fluctuations | Mainland Real Estate stocks have collectively declined. Recently, many real estate companies have issued profit warnings, and the new construction activities of these companies remain at a low level.
Mainland Real Estate stocks collectively fell; as of the time of writing, SUNAC (01918) dropped by 5.46%, trading at 1.73 HKD; SEAZEN (01030) decreased by 5.15%, trading at 2.21 HKD; AGILE GROUP (03383) fell by 4.76%, trading at 0.6 HKD.
Brokerage morning meeting highlights: The effect of the real estate market stabilizing after the decline may gradually become apparent, and the Industry valuation may rise.
At today's Brokerage morning meeting, HTSC proposed that the enhancement of Technology attributes may elevate the valuation levels of symbols related to the gaming Industry; Soochow believes that the short-term adjustment in the Construction Machinery Sector does not change the positive trend for the entire year; Galaxy Securities stated that the effects of the real estate market stabilizing may gradually become apparent, and the Industry valuation may rise.