Guangzhou R&F Properties' low P/S ratio is due to its industry underperformance and shrinking revenue outlook. Investors see limited potential for revenue improvement, hindering a strong share price rise.
A number of Chinese property developers announced last month's sales data. $碧桂園(02007.HK)$, with its October contracted sales slipped 81% YoY, faded 1.3%.$富力地産(02777.HK)$, posting October sales fall of 45% YoY, dropped 2.5%. For the rest of the Chinese property developers,$旭輝(00884.HK)$sagged 4.2%, whereas$融創中国(01918.HK)$plummeted 5.9%.
The disappointing performance of Guangzhou R&F Properties indicates it's not a lucrative investment unless significant growth is shown. A recent share price rally doesn't ensure a sustained boost in the company's performance.
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$碧桂園(02007.HK)$added 0.9% on rumor that the company's two bondholders received interest payment, and report that the company's "16 Teng Yue 02" bond extension proposal will be closed for voting tonight. Its series$碧桂園(06098.HK)$faded 1.3%, being the worst-performing blue-chip stock. As for other Chinese property developers,$宝龍地産(01238.HK)$leaped 3.3%.$富力地産(02777.HK)$soared almost 3%.$融創中国(01918.HK)$lost 1%.
$GUANGZHOU RF PROP(GZUHY.US)$S&P Global Ratings stated that it has downgraded the long-term subject credit rating of Chinese real estate company R&F Properties and its subsidiary R&F Hong Kong from "B-" to "CC"; and said that it regards the company's recent plans to repurchase and agree to solicit It is a discount reorganization, or after the completion of the transaction, it is assessed as equivalent to a default. Standard & Poor’s Ratings has a negative rating outlook for R&F Properties, believing that the company’s undue debt is very likely to default; if the proposed restructuring is not carried out, R&F Properties may not be able to repay its senior US dollar bills when they expire in January next year. Article excerpted from the US Stock Research Agency
富力地産に関するコメント
Chinese developers took the lead to soar
CN Developers Wane
$碧桂園(02007.HK)$ , with its October contracted sales slipped 81% YoY, faded 1.3%. $富力地産(02777.HK)$ , posting October sales fall of 45% YoY, dropped 2.5%. For the rest of the Chinese property developers, $旭輝(00884.HK)$ sagged 4.2%, whereas $融創中国(01918.HK)$ plummeted 5.9%.
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Therefore, quoting from Bruce Lee, we should: “Be like Water”, adapt to the conditions and be open-minded about the options available. We can create a greater lifestyle, lower our cost of living and embark on an incr...
$EVERGRANDE(03333.HK)$ shot up 10% to $0.55 after Guangzhou became the first T1 city to officially announce the easing of purchase restrictions. Yet $越秀地産(00123.HK)$ , $遠洋集団(03377.HK)$ , $龍湖集団(00960.HK)$ , $SEAZEN(01030.HK)$ and $融創中国(01918.HK)$ sank 1.7%-2.7%. $富力地産(02777.HK)$...
China's domestic housing stocks rose significantly, with Country Garden rising to 45.54%
$人気中国関連株(BK2517.US)$$EVERGRANDE(03333.HK)$$不動産デベロッパー(BK1019.HK)$$Real estate trust(BK1087.HK)$
CIMB: China Property (Overweight)
$中国海外発展(00688.HK)$$華潤置地(01109.HK)$$旭輝(00884.HK)$$万科企業(02202.HK)$$China Vanke Co.,Ltd.(000002.SZ)$$碧桂園(02007.HK)$$緑城中国(03900.HK)$$富力地産(02777.HK)$$禹洲(01628.HK)$$中梁控股(02772.HK)$$雅居楽(03383.HK)$$合景泰富集団(01813.HK)$$龍光(03380.HK)$$時代中国(01233.HK)$
Article excerpted from the US Stock Research Agency
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