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Greentown Mgmt announced that Nie Huanxin has been appointed as an executive director.
Greentown Mgmt (09979) announced that Lin Sanjiu has resigned as an executive director of the company due to age reasons, effective from July 18, 2024. The Board of Directors is pleased to announce that Nie Huanxin has been appointed as an executive director, effective from July 18, 2024.
Express News | Greentown Management - Lin Sanjiu Resigned as Executive Director
Express News | Greentown Management - Nie Huanxin Appointed as an Executive Director
[Brokerage Focus] China's real estate sector may face downward pressure from July to August, according to CMB International.
Jin Wu News | CMB International stated that Guangzhou has further relaxed regulations allowing foreigners to purchase homes; The land auction market has become hot after canceling the price limit in high-energy-level cities, while low-energy-level cities are relatively weak, indicating that the market-oriented bidding mechanism will accelerate the balance of supply and demand. High-frequency data shows that the sales of new homes have fallen slightly since the peak in late June, while second-hand homes remain strong. From early July to now, the daily average transactions of new homes/second-hand homes have decreased by 21%/increased by 11% respectively compared to the daily averages in June. In terms of transaction observation in first-tier cities, the weekly transaction volume of new and second-hand homes in the 27th week has declined compared with the previous week. Compared with the weekly average transaction volume in the year, Shenzhen and Guangzhou have performed relatively stable.
[Brokerage Focus] CITIC Construction maintains a "buy" rating on Greentown Management (09979), with the company's business expected to further expand growth space.
CITIC Construction's research report pointed out that the newly added construction area of Green Town Management (09979) in the first half of 2024 was 17.46 million square meters, a year-on-year increase of 1.1%. The estimated construction fees for new contracts are 4.19 billion yuan, a year-on-year decrease of 18.1%, mainly due to the proportion of low-cost government construction in the newly developed area, accounting for 30.7%, an increase of 3.1 percentage points compared with the same period last year. The company's leading position in construction continues to be stable, with a market share of 23.8% in the first half of the year calculated by newly signed construction area, an increase of 3.4 percentage points compared to the whole year of 2023. The company has deeply supported inventory digestion and ensured
[Brokerage Focus] Zhongyin International is optimistic about the real estate and property management sectors, pointing out that the stock prices in the sectors will maintain a repairing trend in the medium to long term.
Jingu Financial News | Zhongyin International said it is optimistic about the real estate and property management sectors. The bank sees Beijing lowering the down payment ratio by 10-15 percentage points and lowering the housing loan interest rate by 30-55 basis points. Consistent with the bank's previous expectations, the minimum down payment ratio and housing loan interest rate restrictions in Beijing have been lowered to the same level as Shanghai and Shenzhen. As for the purchase restriction policy, according to the bank's policy relaxation timetable, there is still some room for Beijing, Shenzhen and Shanghai. As of June 26th, looking at the average daily transaction area before and after the 517 new policy, the new house market in 30 cities and the second-hand house market in 17 cities have both increased by 25%, which may be stimulated by the new policy, and the concentration of the end of the half year on the internet.
Greentown Management Holdings Company Limited's (HKG:9979) P/E Is Still On The Mark Following 26% Share Price BounceNo Data
