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[Brokerage Focus] Haitong Int'l maintains a "outperform the market" rating on real estate. Institutions point out that there have been significant recent signs of loosening in industry policies.
Kinggor Financial News | haitong int'l released a research report, according to the sales performance ranking data for the period of January to October 2024 published by Ke Rui, the total sales amount of the top 100 real estate companies in terms of turnover reached 3,069.27 billion yuan, a decrease of 32.7% compared to the same period in 23, with a narrower decline of 3.9 percentage points compared to September; the equity amount reached 2,428.26 billion yuan, a decrease of 32.2% compared to the same period in 23, with a narrower decline of 4.0 percentage points compared to September, with an equity ratio of 79%. Looking at the situation in October 2024 alone, the top 100 real estate companies achieved a total sales amount of 435.41 billion yuan in terms of turnover, an increase of 73.0% compared to the previous month and 7.0% year-on-year. In October 2024, the top 100 real estate companies achieved equity sales of 343.27 billion yuan, an increase of 78.5% compared to the previous month and 9.9% year-on-year
Ke Rui: In October, the performance of the top 100 real estate companies increased year-on-year for the first time this year, while investment remains cautious.
In October, corporate investment still remains cautious, with less than 20% of the top 100 companies in terms of land acquisition recording new land reserves in a single month. Key monitoring companies' investment expansion failed to continue the trend of stabilizing after the decline in September.
China Real Estate Research Institute: The total amount of bonds financing for national real estate companies in October was 28.97 billion yuan, with a slight year-on-year increase for two consecutive months.
In October 2024, the total amount of real estate corporate bonds financing was 28.97 billion yuan, a year-on-year growth of 3.2%, with two consecutive months of positive growth due to the low base effect of the previous year, decreasing by 32.4% month-on-month.
Selected announcement | Yum China's net income in the third quarter increased by 22% year-on-year; Yuexiu Property's sales in October increased by about 47%.
Ronshinechina: Sales in October were 0.659 billion yuan, a decrease of 61.12% year-on-year; Agile Group: Contract sales in October were 1.39 billion yuan, a decrease of about 60% year-on-year.
Grail Announcements Selection (Hong Kong Stock) | Yum China (09987.HK) achieved an 18% growth in core operating profit in the third quarter and has achieved continuous growth in same-store trade volume for seven consecutive quarters.
【Today's Focus】Yum China (09987.HK) reported an 18% growth in core operating profit for the third quarter, achieving seven consecutive quarters of same-store trade volume growth. In the third quarter of 2024, Yum China (09987.HK) announced that total revenue increased by 5% to 3.07 billion US dollars year-on-year, marking the highest quarter in history (or 4% growth, excluding the impact of foreign exchange rates). Delivery sales increased by 18% year-on-year, maintaining Yum China's consistent annual double-digit growth over the past decade. Delivery sales account for about 40% of KFC and Pizza Hut's restaurant revenue. Same-store sales reached 97% of the level during the same period last year, compared to the previous
Hong Kong stock announcement: Dida Travel subsidiary intends to subscribe for 1.544 billion shares of uxin (UXIN.US) Class A common stock.
Yum China (09987) achieved a net income of 0.297 billion US dollars in the third quarter, a year-on-year growth of 22%, achieving a continuous growth in same-store sales volume for seven consecutive quarters...
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Stirling : Any property counters to recommend?
beedeebee Stirling : longfor is good, but already too high to chase.