09979 GREENTOWN MGMT
- 4.400
- +0.090+2.09%
GREENTOWN MGMT News
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 Logs Slight Decline in GFA of Newly Contracted Projects
As of June 30th, Greentown Management Holdings (09979.HK) has expanded its contracted construction projects to a total built-up area of 17.46 million square meters, an increase of about 1.1% year-on-year.
On July 3rd, Gelonghui reported that Greentown Management Holdings (09979.HK) announced that as of June 30, 2024, the management contract's total construction area for the group's construction projects reached 122.79 million square meters, with a construction area of 53.15 million square meters. As of June 30, 2024, the total construction area of newly developed construction projects contracted by the group reached 17.46 million square meters, an increase of approximately 1.1% compared with the same period last year; the contracted fees for newly developed construction projects is estimated to be 4.19 billion yuan, a decrease of approximately 18.1% compared with the same period last year.
Express News | Greentown Management- as of 30 June Estimated Amount of Project Management Fee for Newly Contracted Projects Was RMB4.19 Bln
Ping An Securities: Policy game window is approaching, the real estate sector can be moderately positive in the short term.
Multiple factors led to a sharp rise, indicating that a new round of competition has begun.
Greentown Management Holdings Company Limited's (HKG:9979) Market Cap Dropped HK$884m Last Week; Public Companies Bore the Brunt
Greentown Management Target Price Raised to HK$9.30 From HK$8.00 by Citi Research >9979.HK
[Brokerage Focus] China International Capital Corporation pointed out that the property management sector continues to consolidate, with improved valuation attractiveness.
Jingu Finance News | China International Capital Corporation stated that the property management sector is continuing to consolidate, with the attractiveness of valuations marginally increasing. Last week, key property companies fell by 7.4%, and underperformed related developers and the Hang Seng China Enterprises Index by 0.8 and 4.2 percentage points, respectively. On the individual stock side, the steady property companies' average cumulative decline over the past two weeks (-14%) was slightly lower than that of other private property companies (-19%). As the bank previously suggested, in the short term, real estate beta will still dominate the trend of the property management sector, and currently, investors are gradually switching from positive changes in trading policies to the effects of trading policies, and risk preferences have declined slightly, causing the property management sector’s valuations to adjust accordingly. The overall valuation of the sector at present is
[Broker Focus] CMB International believes that Beijing still has room to relax in terms of purchase restrictions and down payment ratios
Jinwu Financial News | CMB International said that Shanghai, Guangzhou and Shenzhen have promoted policy relaxation in terms of purchase restrictions and loans. By analyzing the relaxation schedules and details of the four cities, the bank believes that Beijing still has room to relax in terms of purchase restrictions and down payment ratios. The bank believes that 1) from a sales perspective, the policy may marginally boost sales, because it does release some potential purchasing power, and 2) from an emotional point of view, the pace of policy introduction may make more first-tier or low-energy buyers think that the market is close to the bottom, thereby speeding up the process of entering the market. Since mid-May, the new and second-hand housing markets in Chengdu and Hangzhou
With the intensive release of favorable real estate measures, what is the growth support logic of Greentown Management Holdings (9979.HK)?
Recently, the real estate market has ushered in a series of policy springs, which not only quickly activated the market, but also caused real estate-related concept stocks in the capital market to show significant gains.
Returns On Capital Signal Tricky Times Ahead For Greentown Management Holdings (HKG:9979)
[Broker Focus] CMB International says the recent boost from real estate easing policies is weaker than the effects of the previous downturn cycle, and the sector may face a profit settlement
Jinwu Financial News | CMB International said that the recent introduction of a series of easing policies mainly includes the central bank lowering the minimum down payment ratio to a record low (15% for the first set, 25% for the second set), which may marginally boost real estate sales, but based on the fact that long-term expectations have not changed — the population may continue to decline, real estate inventories are still high, and the downward trend in housing prices is difficult to reverse. Overall, in the short term, the bank believes that the sector may face some profit settlements because the sector has continued to fluctuate upward for more than a month, but the fundamentals are not
CICC: Property management stocks suggest focusing on unchanged target prices for stocks covered by CNOOC Properties, Wanwuyun, etc.
CICC released a research report saying that under the current policy enforcement direction, the visibility of the physical market's volume and price stabilization and structural recovery has increased for a year or more. Although the stock price reaction may be ahead of the physical market recovery, it is expected to provide a layout window if phased profits are settled. Comprehensive enterprise fundamentals and financial and valuation indicators, CICC suggests focusing on CNOOC Property (02669), Wanwuyun (02602), Sunac Services (01516), Greentown Services (02869), Poly Industries (06049), and China Resources Vientiane Life (01209). It also recommends Dajian Jiancheng Management Holdings (0997)
Greentown Management Auditor Resigns, Successor Recommended
Greentown Management Holdings plans to appoint EY as independent auditor
Greentown Management Holdings (09979) announced that Deloitte Guan Huang Chen Fang Certified Public Accountants (Deloitte) will expire and retire as the company's auditor at the end of the company's annual general meeting of shareholders expected to be held on June 13, 2024. The board of directors has decided not to renew Deloitte as the company's auditor based on the recommendations of the company's audit committee. Furthermore, in accordance with the company's articles of association and as recommended by the Company Audit Committee, the board of directors has decided to recommend the appointment of Ernst & Young (EY) as the company's independent auditor, effective from the end of the annual general meeting of shareholders until after the end of the company's next annual general meeting
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