$Lion-OCBC Sec HSTECH S(HST.SG)$ Bloomberg reported that John Lam, head of China and Hong Kong property research at UBS, said his view of China's property market has turned positive and expects a gradual recovery. Lam was the first to downgrade$EVERGRANDE(03333.HK)$to Sell 3 years ago, 11 months before its debt default, which shocked the market at the time. According to the report, Lam predicted that m...
73369036 :
Just read this news “The Asian Development Bank (ADB) on Thursday raised its forecast on China's 2024 economic growth to 4.8% from 4.5% previously, citing stronger household consumption”.
$碧桂園(02007.HK)$announced that Ever Credit Limited has filed a winding-up petition against it at the High Court of Hong Kong yesterday (27 Feb). The petition is filed in relation to the non-payment of a term loan facility between the petitioner as lender and CG as borrower in the principal amount of approximately HK$1.6 billion, plus accrued interest. No winding-up order has been granted by the High Court to wind up the Company as...
Beijing needed to act faster to stem the erosion of confidence among domestic investors after slamming their real estate dreams. The inaction when it comes to direct stimulus (ie massive spending, consumer support) is a key sticking point w investors. This isn’t about foreign money manipulating Chinese markets. It’s more about domestic (and foreign) money giving up. Capitulation by the investing public despite govt reassurances of state fund buying. Can’t rule out a sharp bounce after s...
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Mr Careful :
their strategy is to keep buying in the open market for mainland counters before cny. we will gauge its effectiveness before deciding whether to move out. anyway, sitting on a good profit buffer.
Both supply and demand for new homes experienced a significant drop of over 40% compared to the previous month. When compared to the same period in previous years since 2019, the market remained at a low level. In the 30 key cities, the supply decreased by 47% m/m but still increased by 16% y/y. Transaction volumes also fell both m/m and y...
Momentum Trader : Nice…long
2024!