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[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.
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101640236 OP : Is the fall due to resignation of their vice Chair?
101640236 OP : Over 100mil shares changed hands today. There is only one controlling shareholder 70+%. Is controlling shareholder selling?