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Expectations for a further reduction in loan interest rates for existing housing have risen again, and mainland real estate stocks have shown a strong upward momentum. Midea Real Estate (03990) rose by 8.56%.
Golden Finance News | The mainland real estate market is strong, with Midea Real Estate (03990) up 8.56%, China Jinmao (00817) up 4.76%, China Resources Land (01109) up 4.64%, Longfor Group (00960) up 4.36%, C&D Intl Group (01908) up 4.42%, Logan Group (03380) up 4.05%, Cifi Holdings Group (00884) up 3.67%. On the news front, according to informed sources, China may possibly lower the interest rate for existing housing loans as early as September, reducing the borrowing costs for millions of households and striving to stimulate the market.
Hong Kong stocks fluctuate | Midea Real Estate (03990) rises more than 5%, the company's dividend yield is attractive, and the net income margin of the property service is expected to maintain a healthy level of 10-15%.
Midea Real Estate (03990) rose more than 5%, as of the time of writing, it rose 5.06%, to HKD 2.7, with a turnover of HKD 4.888 million.
HKEX Movements | Midea Real Estate (03990) surges over 6% as the restructuring plan was previously approved by a high number of votes. The company's physical distribution rights are excluded.
Midea Real Est (03990) rose more than 6% and as of press time, it increased by 6.05% to HKD 2.63, with a turnover of HKD 26.0574 million.
Insiders Are the Top Stockholders in Midea Real Estate Holding Limited (HKG:3990), and the Recent 66% Drop Might Have Disappointed Them
Hong Kong stock market closing (09.09) | Hang Seng Index fell 1.42%, resource stocks, mainland real estate stocks, etc. declined, NIO Inc-SW (09866) rose sharply against the market by 13%.
The US non-farm data for August fell short of expectations, once again causing concerns about economic recession. The Hong Kong stock market fluctuated and fell throughout the day, with all three major indexes falling more than 2% at one point. At the close of trading, the Hang Seng Index fell 1.42% or 247.34 points, to 17,196.96 points.
What's going on? The stock price of midea real est has "fallen by more than 60%" but investors can still make money.
Why did the funds choose to sell when midea real est fell more than 60%? How will investors benefit from the physical distribution of the company?
The Three-year Shareholder Returns and Company Earnings Persist Lower as Midea Real Estate Holding (HKG:3990) Stock Falls a Further 9.7% in Past WeekNo Data
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