No Data
Ke Rui: Total demand for housing in the first half of the year continued to shrink, and the total volume of transactions in primary and secondary housing decreased by 22% year-on-year.
On July 29th, Ke Research released a statement stating that in the first half of 2024, the real estate market will continue to undergo deep adjustments, with a continuous contraction in the total demand for housing and a year-on-year decrease of 22% and a decrease of 7% compared to the previous period in the total volume of transactions for both new and existing homes.
According to Zhongzhi Research, the overall transaction volume of the real estate market increased month-on-month last week, and second-tier cities saw significant growth in transaction volume.
According to the data released by the China Index Academy, the overall transaction volume of the real estate market increased on a month-on-month basis last week, with significant increases in second-tier cities. The overall inventory ratio decreased slightly. The residential land transaction volume in 40 large and medium-sized cities was 1.06 million square meters, with a land transfer fee of 5 billion yuan.
Express News | China Overseas Nuoxin International - Application Made to Stock Exchange to Resume Trading in Shares From 25 July
HTSC: The real estate hold positions ratio continued to decline in Q2 2024. It is recommended to focus on real estate companies with abundant core resources and stable operation.
Real estate positions and concentration of holding positions continued to decline.
Is Now The Time To Look At Buying China Overseas Grand Oceans Group Limited (HKG:81)?
Credit Suisse lowered its target price for China Overseas to HKD14.8 and maintained the "shareholding" rating.
Morgan Stanley has released a research report, lowering China Overseas' (00688) core earnings forecast by 10% for 2024, 9% for 2025, and 7% for 2026. The target price was also lowered by 3.9%, from HK$15.4 to HK$14.8, with a 'shareholding' rating. According to the report, due to the continuous decline in property prices, the decrease in profit margin and weak sales growth of China Overseas, the group's contracted sales forecast for this year has been lowered by 10% to 276.4 billion yuan. In addition, the bank lowered the gross margin forecast for 2024 to 2026.
No Data
