SUNAC & EVERGRANDE Rally
The market is keeping eyes wide open on the end of voting on the extension of eight domestic bonds for $COUNTRY GARDEN(02007.HK$ tonight. CG slumped 3.7% and it series $CG SERVICES(06098.HK$ plummeted 2.3%. Whereas Dalian lifted housing purchase restriction, Dongguan allowed provident fund to be used for down payment. Unexcited by the relaxation, $CHINA VANKE(02202.HK$ , $GREENTOWN CHINA(03900.HK$ and $LONGFOR GROUP(00960.HK$ cratered 3.7%-4%. $CHINA OVERSEAS(00688.HK$ tumbled 2.7%. Yet, $SUNAC(01918.HK$ and $EVERGRANDE(03333.HK$ rocketed more than 20% each, whereas $SINO-OCEAN GP(03377.HK$ surged 7.1%.
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