[Brokerage Focus] Ping An Securities: As the Spring Festival holiday approaches, the real estate Industry is expected to enter a period of sluggish transactions in the short term.

Jinwoo Financial News | Ping An Securities has released its monthly report on the real estate Industry. With the approach of the Spring Festival holiday, it is expected that short-term transactions will enter a period of stagnation. In the mid-term view, the current high point of the property market in terms of volume and price has clearly receded. Coupled with the reduction of down payments and interest rates, the threshold for residents to purchase property has significantly improved. Although the existing inventory is high and expectations for housing prices and income still constrain the property market's performance, it is believed that the sharp decline in the market has passed. As more high-efficiency, high-quality products enter the market, some demand may flow back from the second-hand housing market to the new housing market, leading to a stabilization of high-quality products in the market first. The short-term focus should be on the performance from after the Spring Festival to March. On the indiv

Jinwu Financial NewsJan 16 21:59 ET

[Brokerage Focus] Morgan Stanley lowered the Target Price of Greentown Management (09979) by 4.1%, citing the dull real estate market last year leading to pressure on company profit margins.

Jinwu Finance | Morgan Stanley stated that it has adjusted the earnings forecast for GREENTOWN MGMT (09979) for the following reasons: First, the real estate market is expected to perform poorly in 2024, and the project management and government project acquisition rates are expected to decline, leading to pressure on profit margins; Second, construction activity remains sluggish in the second half of 2024, which slows down revenue growth expectations; Third, interest rates are expected to decline in the second half of 2024, and cash balances are decreasing, resulting in lower interest income. Based on these factors, Morgan Stanley has revised the company's revenue forecasts for 2024-2026 down by 3%, 3%, and 5%, respectively.

Jinwu Financial NewsJan 16 21:59 ET

Greentown Management Holdings Company Limited's (HKG:9979) Business And Shares Still Trailing The Market

Simply Wall StJan 8 18:56 ET

Greentown Management Posts Slight Rise in New Projects' Gross Floor Area in 2024

MT NewswiresJan 8 05:51 ET

GREENTOWN MGMT (09979.HK): The estimated construction fee for new entrusted projects in 2024 is 9.32 billion yuan.

Gelonghui January 8th丨GREENTOWN MGMT (09979.HK) announced that as of December 31, 2024, the total contracted construction area of newly expanded entrusted construction projects reached 36.49 million square meters, an increase of approximately 3.4% compared to the same period last year; the estimated construction fee for the newly expanded entrusted construction projects is人民币9.32 billion.

Gelonghui FinanceJan 8 03:37 ET

Express News | Greentown Management- 12Mths Ended December Estimated Project Management Fee for Newly Contracted Projects RMB9.32 Bln

ReutersJan 8 03:34 ET