Are Strong Financial Prospects The Force That Is Driving The Momentum In Poly Property Services Co., Ltd.'s HKG:6049) Stock?

Simply Wall StNov 19 17:08 ET

[Brokerage Focus] Haitong Int'l maintains a "outperform the market" rating on real estate. Institutions point out that there have been significant recent signs of loosening in industry policies.

Kinggor Financial News | haitong int'l released a research report, according to the sales performance ranking data for the period of January to October 2024 published by Ke Rui, the total sales amount of the top 100 real estate companies in terms of turnover reached 3,069.27 billion yuan, a decrease of 32.7% compared to the same period in 23, with a narrower decline of 3.9 percentage points compared to September; the equity amount reached 2,428.26 billion yuan, a decrease of 32.2% compared to the same period in 23, with a narrower decline of 4.0 percentage points compared to September, with an equity ratio of 79%. Looking at the situation in October 2024 alone, the top 100 real estate companies achieved a total sales amount of 435.41 billion yuan in terms of turnover, an increase of 73.0% compared to the previous month and 7.0% year-on-year. In October 2024, the top 100 real estate companies achieved equity sales of 343.27 billion yuan, an increase of 78.5% compared to the previous month and 9.9% year-on-year

Jingu Finance NewsNov 6 01:59 ET

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.

Zhitong FinanceOct 27 22:26 ET

Chinese Regulator Accepts Poly Property Services' Application for H Shares Full Circulation

MT NewswiresOct 25 08:56 ET

Poly Property Services to Convert Nearly 194 Million Unlisted Shares to H Shares

MT NewswiresOct 15 09:12 ET

Poly PPT ser (06049) suggests implementing full circulation of H shares.

Poly PPT Ser (06049) issued an announcement, the board of directors has reviewed and approved the proposed full circulation of H shares, intending to a total of 1.9...

Zhitong FinanceOct 15 06:38 ET