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New City Dev (00456.HK): The appeal has been rejected by the Chinese jurisdictional court.
New City Development (00456.HK) announced on July 15th that the board of directors recently received notice from its subsidiary that the appeal has been rejected by the Chinese court with jurisdiction and the decision has been upheld. The subsidiary has sought Chinese legal advice and believes that they have sufficient justification to apply for a retrial of the above matter to the Chinese Supreme Court. The company will provide the latest information on significant developments regarding the appeal to its shareholders and potential investors in a timely manner in accordance with listing rules.
Shenzhen New Land Tool Planning & Architectural Design (300778.SZ) currently does not involve the "vehicle-road cloud integration" related business.
On July 5th, Gelonhui reported that an investor asked Shenzhen New Land Tool Planning & Architectural Design (300778.SZ) on the investor interaction platform whether the company was involved in the construction of the V2X project. The company replied that it does not currently involve in the business of "V2X integration" and will continue to monitor the opportunities brought by emerging technologies to the industry.
UBS Group has given a "buy" rating for Ke Holdings-W, with a target price of HKD52.5, downgraded from the previous one.
UBS Group released a research report stating that due to low base, improvement in second-hand property trading, and operating leverage, KE Holdings' Q2 results are expected to be better than Q1. The bank expects the company's revenue in Q2 2024 to increase by 15% YoY to RMB 22.3 billion, while adjusted net profit is expected to decline by 4% YoY to RMB 2.27 billion. The bank has lowered the H-share target price of the company from HKD 56 to HKD 52.5 and given a "buy" rating. The bank pointed out that due to the weaker-than-expected second-hand property market in the first half of 2024, the GTV forecast for the second-hand property market from 2024 to 2026 has been downgraded by 8% to 9%, and the revenue growth rate has been downgraded by 2%.
A-share noon review: Shanghai Composite Index fell 0.39%. Water conservancy and brain-computer interface concepts saw the largest increase, while the semiconductor sector adjusted.
As of the noon closing, the Shanghai Composite Index fell 0.39% below 3000 points, the Shenzhen Component Index fell 0.4%, and the Chinext Price Index fell 0.89%.
Shenzhen New Land Tool Planning & Architectural Design Co., Ltd.'s (SZSE:300778) 30% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Shenzhen New Land Tool Planning & Architectural Design Co., Ltd. (SZSE:300778) shares have had a horrible month, losing 30% after a relatively good period beforehand. For any long-term shareholders
The Recent CN¥553m Market Cap Decrease Is Likely to Have Disappointed Insiders Invested in Shenzhen New Land Tool Planning & Architectural Design Co., Ltd. (SZSE:300778)
Key Insights Shenzhen New Land Tool Planning & Architectural Design's significant insider ownership suggests inherent interests in company's expansion 61% of the business is held by the top 3 shareh
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