Moody's Corporation, a rating agency, reported that the problem of debt default in a number of inner houses will accelerate the market's selling of high-interest bonds in inner houses, making the industry at high risk of refinancing. Due to factors such as a tight financing environment, housing sales are expected to remain weak in the next 6-12 months.
Inner housing stocks are sold against the market today, especially Sunac China (01918.HK) fell seven times in a row, as low as 14.92 yuan, is now quoted at 144.98 yuan, down 9%, the transaction increased to 31.92 million shares.
R & F (02777.HK), Shimao Group (00813.HK), Greentown China (03900.HK), Blue Chip Longhu (00960.HK) and China Olympic Park (03883.HK) fell 5.5% to 4.39,11.42,9.78,34.75 and 2.60 yuan, respectively, while the share prices of the latter two fell to a low of more than four years.
Blue chip inn overseas (00688.HK) and embellish (01109.HK) as low as 16.6 yuan and 29.1 yuan, now at 16.62 yuan and 29.4 yuan, a further drop of more than 2.7%. 02202.HK fell as low as 17.18 yuan and is now trading at 17.2yuan, down 3.6 per cent.
Hop King Pacific (01813.HK), time China (01233.HK), Zhonghai Hongyang (00081.HK), Metro Development (01030.HK), Baolong (01238.HK), Xuhui (00884.HK), Longguang (03380.HK), Hesheng Chuangzhan (00754.HK) and Agile (03383.HK) continued to drop more than 2.5%. The maximum selling pressure of the latter two was 18.3 yuan and 5.83 yuan respectively, down 4.1% and 4.7% respectively. (sz) ~