09979 GREENTOWN MGMT
- 3.010
- +0.080+2.73%
GREENTOWN MGMT News
Greentown Management Holdings Company Limited's (HKG:9979) Largest Shareholders Are Public Companies Who Were Rewarded as Market Cap Surged HK$563m Last Week
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.
[Brokerage Focus] Citi Securities maintains a 'buy' rating on greentown mgmt (09979), expecting performance to remain stable.
Kingwu Finance News | CICC issued a research report stating that Greentown Management Holdings (09979) achieved revenue of 1.67 billion yuan in 2024H1, a year-on-year growth of 7.8%; comprehensive gross margin of 51.5%, a year-on-year decrease of 0.5 percentage points, with the gross margin of government construction projects dropping by 4.4 percentage points to 40.4% year-on-year mainly due to the decrease in government construction project fees; net income attributable to equity holders was 0.501 billion yuan, a year-on-year growth of 5.8%, with net margin decreasing by 0.6 percentage points to 30.0% year-on-year. The bank stated that as of September 30, 2024, the company's new development project construction fees amounted to 6.62 billion yuan.
CRIC Real Estate Research: In the first three quarters, the newly contracted scale of the top 20 enterprises for development projects reached 120.4 million square meters, an increase of 40% compared to the end of the second quarter.
In the first three quarters of 2024, the top 20 newly contracted scale construction enterprises added a total signed construction area of 120.4 million square meters, an increase of 40% compared to the end of the second quarter. Compared to the past two years, this accounts for 66% of the total newly added construction area in the entire year of 2023 by the same sample of companies, indicating a slight slowdown in growth, but still significantly higher than 2022 (which accounted for 97.7% of the total newly added construction area by the same sample of companies in 2022).
Announcement Highlights | sd gold: Net profit in the first three quarters is expected to increase by 37.52% to 67.26%; ping an insurance's original premium income in the first 9 months is close to 700 billion yuan
PICC Group: The total original premium income for the first 9 months was 568.916 billion yuan, a year-on-year increase of 5.23%; China Res Land: The accumulated contract sales for the first 9 months amounted to 172.3 billion yuan.
Greentown Management's GFA of Newly Contracted Projects Rise 1.8% in January-September
Express News | Greentown Management - Estimated Project Management Fee for Newly Contracted Projects Under Project Management Business for 9M RMB6.62 Bln
greentown mgmt (09979) estimated the construction fee for new projects in the first 9 months as 6.62 billion yuan.
greentown mgmt (09979) announced that in the first nine months ending September 30, 2024, the Group's new expansion...
Is Weakness In Greentown Management Holdings Company Limited (HKG:9979) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
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.
GREENTOWN MGMT: 2024 INTERIM REPORT
Opinion index: The growth of listed physical enterprises has slowed down, and IFM prices have started to "intensify" internally.
The interim report disclosed by listed companies at the end of August shows a continuous slowdown in the industry's scale and revenue growth, making profits more difficult and financial risk control pressure increasing.
[Brokerage Focus] CMB International: The downward trend in real estate sales in September may intensify.
Jingu Finance News | CMB International Bank said that the downward trend in real estate sales in September may intensify. The bank pointed out that some cities are adopting a new pricing mechanism, using the internal area of the house rather than the total area as the pricing basis for sales while keeping the total price of the house unchanged. The bank believes that due to the higher price per unit area under this mechanism, it will not promote sales in the short term. However, the bank believes that this will increase transaction transparency, protect the rights and interests of homebuyers, and promote the healthy development of the industry in the long term. Discussions on the policy of allowing conversion of inventory to mortgages are currently underway. The bank believes that this will only be feasible when mortgage interest rates decrease to a level that makes rental yield attractive.
Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
[Brokerage Focus] Zhongtai maintains a "buy" rating on Greentown Management Holdings (09979), indicating the company's stable profitability.
According to the research report released by Zhongtai Securities, Greentown Management Holdings (09979) recorded a revenue of 1.67 billion in the first half of 2024, a YoY growth of 7.8%. The net income was 0.5 billion, a YoY growth of 5.8%. The company's profit growth rate is slightly lower, mainly due to the comprehensive gross margin of the company, which decreased by 0.5% to 51.5% compared to the same period last year. In addition, the ROE of the company increased by 0.25% to 13.35% compared to the same period last year. Overall, the company's profitability is relatively stable, maintaining its position as the leading player in the development and service industry, with a market share of over 20% for 8 consecutive years. The bank continued to emphasize that
Green Town Management (09979.HK): What does it signal when core executives collectively increase their shareholdings after the performance?
Growing together, sharing risks
Co-Chairman of the Board of Greentown Management Holdings Picks Up 223% More Stock
[Hong Kong Stock Connect] Ping An Securities maintains a "recommended" rating for greentown mgmt (09979), citing short-term pressure from real estate adjustments and increased competition.
Jingwu Finance News | Ping An Securities released a research report, Greentown Management Holdings (09979) published its 2024 interim report, achieving a revenue of 1.67 billion yuan in 2024H1, a year-on-year increase of 7.8%; net income attributable to shareholders of 0.5 billion yuan, a year-on-year increase of 5.8%. The bank pointed out that as of 2024H1, the company's contracted construction area and under-construction area were 0.12 billion and 0.053 billion square meters respectively. According to data from the China Index Research Institute, Greentown Management ranked first in the industry with a new signing scale of 17.46 million square meters in 2024H1, maintaining an absolute leading position in scale. However, with the continuous adjustment of the real estate industry, the commissioning party has temporarily postponed land acquisition and construction and the collection of sales proceeds.
Hong Kong stock concept tracking | Over 80 cities support state-owned enterprises and others to acquire existing houses, institutions are bullish on investment opportunities related to the "good housing" industry (concept stocks attached)
As of now, more than 80 cities have announced their support for state-owned platform enterprises to acquire commodity housing for the purpose of affordable housing, resettlement housing, talent housing, and turnover housing.
Greentown Management: Higher Contribution From Commercial Project Management Business Supported Results >9979.HK
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