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港股异动 | 内房股集体走低 新房成交环比回落 房企资金端压力仍较大

Changes in Hong Kong stocks | Domestic housing stocks fell collectively, new housing transactions fell month-on-month, and the pressure on the capital side of housing enterprises was still strong

Zhitong Finance ·  11/13/2023 11:26

Domestic housing stocks declined collectively. As of press release, Midea Real Estate (03990) fell 4.41% to HK$5.63; Yuexiu Real Estate (00123) fell 4.26% to HK$6.75; and R&F Real Estate (02777) fell 3.31% to HK$1.17.

The Zhitong Finance App learned that domestic housing stocks declined collectively. As of press release, Midea Real Estate (03990) fell 4.41% to HK$5.63; Yuexiu Real Estate (00123) fell 4.26% to HK$6.75; R&F Real Estate (02777) fell 3.31% to HK$1.17; Sunac China (01918) fell 3.2% to HK$2.12; Xincheng Development (01030) fell 3.01% to HK$1.29.

Cinda Securities pointed out that in the second week of November, the month-on-month growth rate of new and second-hand housing transactions declined. The transaction area of new housing in 30 cities fell 27% month-on-month and increased 5% year-on-year. Furthermore, according to statistics from the Central Index Institute, the total amount of bonds issued by private and mixed ownership enterprises in 2023 was 41.29 billion yuan, down 30% from the same period last year. The pressure on the capital side of housing enterprises is still high. The bank believes that at the stage where industry sales are bottoming out, market concerns about the credit risk of housing enterprises have intensified. Implementing the spirit of important meetings and making positive statements at the central and local levels will help improve expectations and boost confidence.

CICC, on the other hand, said that in October, the stock housing market showed “price for volume” characteristics, and the strengthening of demand support policies may still be the key to stabilizing price expectations. Looking ahead, the bank believes that if it hopes to push the decline in transaction prices to marginal decline, it still needs to introduce further demand support policies. The frequency and strength of the relevant policies declined marginally in October.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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