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Are Investors Undervaluing Gemdale Corporation (SHSE:600383) By 49%?
Announcement on the company\'s sales in November 2024
Express News | Gemdale Says Nov Contract Sales at 4.8 Bln Yuan, Down 52.8% Y/Y
Gemdale Corporation (600383.SH): In November, the contracted amount reached 4.81 billion yuan.
On December 6, Gelunhui reported that gemdale corporation (600383.SH) announced that the company achieved a contracted area of 0.306 million square meters in November 2024; with a contracted amount of 4.81 billion yuan. From January to November 2024, the company has cumulatively achieved a contracted area of 4.293 million square meters; with a cumulative contracted amount of 63.23 billion yuan.
Is Gemdale (SHSE:600383) A Risky Investment?
Ping An Securities: Typical urban suburban areas have accumulated inventory and long turnover periods. It is expected that the bottoming out will lag behind the improvement of core areas and good products in the sector.
The path for the real estate industry to "stop falling and stabilize" will follow: "Good products — core areas in first-tier and second-tier cities — stabilization of the national economy — stabilization of the national housing market — stabilization of investment". Low-tier areas (suburbs of second-tier cities + third and fourth-tier cities) are hindered by high inventory levels, leading to a relatively delayed stabilization.
The Five-year Loss for Gemdale (SHSE:600383) Shareholders Likely Driven by Its Shrinking Earnings
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