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Express News | China Overseas Nuoxin International - Application Made to Stock Exchange to Resume Trading in Shares From 25 July
HTSC: The real estate hold positions ratio continued to decline in Q2 2024. It is recommended to focus on real estate companies with abundant core resources and stable operation.
Real estate positions and concentration of holding positions continued to decline.
Is Now The Time To Look At Buying China Overseas Grand Oceans Group Limited (HKG:81)?
Credit Suisse lowered its target price for China Overseas to HKD14.8 and maintained the "shareholding" rating.
Morgan Stanley has released a research report, lowering China Overseas' (00688) core earnings forecast by 10% for 2024, 9% for 2025, and 7% for 2026. The target price was also lowered by 3.9%, from HK$15.4 to HK$14.8, with a 'shareholding' rating. According to the report, due to the continuous decline in property prices, the decrease in profit margin and weak sales growth of China Overseas, the group's contracted sales forecast for this year has been lowered by 10% to 276.4 billion yuan. In addition, the bank lowered the gross margin forecast for 2024 to 2026.
DBS lowers China Overseas (00688) target price to HKD 14.8, maintains "shareholding" rating.
Deutsche Bank lowered its 2021 contract sales forecast for China overseas by 10% to 276.4 billion yuan.
Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
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