China Overseas Grand Oceans Group (HKG:81) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Three Years, but the Stock Hikes 24% This Past Week
China Overseas Grand Oceans Group Limited (HKG:81) shareholders should be happy to see the share price up 24% in the last week. But that doesn't help the fact that the three year return is less imp
China's New Home Prices Fall For Seventh Straight Month in January
New home prices in China fell further in January due to the continued weakness in the real estate sector. The average new home prices in 70 major Chinese cities dropped 0.37% in January from the previ
Changes in Hong Kong stocks | Most domestic housing stocks rose, Shimao Group (00813) rose more than 5%. Intensive policies helped stabilize the property market
Domestic housing stocks mostly rose. As of press release, Shimao Group (00813) rose 5.36% to HK$0.59; Longhu Group (00960) rose 3.9% to HK$10.66; and China Overseas Hongyang Group (00081) rose 2.09% to HK$1.95.
Big LPR Cut Lifts Hopes of Homebuyers
The 25-basis-point cut to over-five-year loan prime rate to 3.95 percent on Tuesday is good news for mortgages, and will help commercial banks to lower interest rates on first-home loans and guide more capital to private and small enterprises, industry experts said on Wednesday.
CITIC Securities: Policy synergy is expected to stabilize housing prices in the second quarter of 2024
CITIC Securities released a research report saying that it is expected that the real estate demand-side policy may aim to further reduce residents' home purchase thresholds and home purchase costs, which is expected to stimulate the release of potential residential demand and underpin the continued decline in the real estate market. It is expected that policy coordination is expected to stabilize housing prices in the second quarter of 2024.
CITIC Securities: Is active second-hand housing trading a trend or a cycle?
Second-hand housing tends to be active. There are cyclical factors and trend factors.