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Earnings Not Telling The Story For Poly Property Services Co., Ltd. (HKG:6049) After Shares Rise 33%
Zhongtai Securities: The property bullish policy will continue to be introduced, bullish on the sector's performance in the fourth quarter.
zhongtai Securities released research reports stating that recently, real estate high-frequency data has continued to decline, weakening even compared to August in the peak season. In the short term, the industry's fundamentals are difficult to bottom out, but looking ahead to the fourth quarter, there is a high probability of continued bullish policies related to real estate being introduced. zhongtai Securities remains bullish on the performance of the real estate sector in the fourth quarter.
POLY PPT SER: 2024 INTERIM REPORT
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.
Poly PPT SER (06049.HK) received a shareholding of 0.4908 million shares from FIL Limited.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on September 25, 2024, Poly PPT Ser (06049.HK) received an increase in shareholding from FIL Limited on September 19, 2024, at an average price of 27.4739 Hong Kong dollars per share, increasing by 490,800 shares, involving approximately 13.4842 million Hong Kong dollars. After the increase, FIL Limited's latest shareholding is 13.9288 million shares, with a shareholding ratio increasing from 8.76% to 9.08%.
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