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Poly Property Services Eyes Change in Business Scope
POLY PPT SER (06049.HK) was subject to a Shareholding reduction of 0.1052 million shares by JPMorgan.
On December 12, according to the latest equity disclosure information from the Stock Exchange, on December 6, 2024, POLY PPT SER (06049.HK) was reduced by JPMORGANCHASECO by 0.1052 million shares at an average price of HKD 32.4482 per share, involving approximately HKD 3.415 million. After the shareholding reduction, the latest number of shares held by JPMORGANCHASECO is 10,727,196 shares, and the shareholding proportion decreased from 7.06% to 6.99%.
[Brokerage Focus] CCB International indicates that there are no signs of a bottoming out in the fundamentals of the Real Estate Industry.
Kingwo Financial News | CMB International released the Real Estate Outlook for 2025, expecting the annual sales growth rates for new homes in 2024 and 2025 to be -20% and -11%, reaching 7.4 and 7 trillion respectively, while the transaction volume for second-hand homes is projected to reach 7.1 and 7.5 trillion, officially becoming the dominant force in the real estate market. This is mainly based on 1) Policy: The effects of the already implemented policies are still lingering, and several measures are currently being put into action, which require time for observation. Hence, it is speculated that the likelihood of introducing major policies in the short term (such as lifting purchase restrictions in more first-tier cities) is relatively low. At the same time, the promotion of policies like stockpiling still faces challenges, making it difficult to significantly reduce inventory in 2025; 2) Supply.
Major bank ratings | JPMorgan: The preferred Mainland Real Estate stocks are CHINA RES LAND, CHINA RES MIXC, and POLY PPT SER, all rated "Shareholding."
JPMorgan released a Research Report indicating that the Central Political Bureau meeting once again emphasized the need to stabilize the development of the property market. The more proactive macroeconomic policy tone is encouraging, including a clear implementation of a more active fiscal policy and moderately relaxed MMF policy, which is expected to support the development of the Real Estate market. The bank's top picks in the property sector are CHINA RES LAND, CHINA RES MIXC, and POLY PPT SER, all rated as Shareholding with respective Target Prices of 30 Hong Kong dollars, 31 Hong Kong dollars, and 35 Hong Kong dollars. The bank emphasized that it will pay attention to the upcoming Central Economic Work Conference, which is expected to present more similar policy narratives and a shift in policy tone regarding the Real Estate industry.
Are Strong Financial Prospects The Force That Is Driving The Momentum In Poly Property Services Co., Ltd.'s HKG:6049) Stock?
[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
What You Need To Know About The Poly Property Services Co., Ltd. (HKG:6049) Analyst Downgrade Today
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