Hong Kong stocks surged | Agile Group (03383) rose more than 5%, leading mainland real estate stocks, as the real estate market policy continues to strengthen, and the acquisition and storage of properties is expected to speed up.
Mainland real estate stocks rose in early trading. As of press time, Agile Group (03383) rose 5.66% to HKD 0.56 per share, and Shimao Group (00813) rose 5.06% to HKD 0.83 per share.
Hong Kong stocks closed (06.17) with the Hang Seng Index slightly down 0.03%. Apple suppliers and semiconductor stocks were active, with BYD Electronic (00285) leading the blue-chip gains.
The Hong Kong stock market started with a low opening and high volatility. The Hang Seng Index and the National Index both rose more than 1% at one point but later fluctuated and fell back. Both indexes turned green at the end of the day, with only the Hong Kong Science and Technology Index slightly up.
Next China, Hong Kong Stock Rally Will Likely Need Concrete Property Sector Policy
Hong Kong and China's stock market rally in May was driven by the re-rating of valuations to a more normalized level from the extremely bearish sentiment and investor positioning, thanks to the govern
Hong Kong stock market anomaly | Shimao Group (00813) fell nearly 6%, leading the decline in mainland real estate stocks, and commodity residence prices in various cities continued to adjust in May.
According to the Smart Finance and Economics APP, mainland real estate stocks fell collectively. As of press time, Shimao Group (00813) fell by 5.88%, reporting HKD 0.8; Sino-Ocean GP (03377) fell by 4.04%, reporting HKD 0.475; Sunac (01918) fell by 3.17%, reporting HKD 1.22; China Vanke (02202) fell by 3.02%, reporting HKD 5.14. In terms of news, data from the National Bureau of Statistics showed that in May, among the 70 large and medium-sized cities, the sales prices of commodity residences in various cities fell month-on-month, with a slightly expanded year-on-year decline. In May, the sales price of new commodity residences in first-tier cities fell on a ring basis.
China's SOEs Buying Excess Property a Major Step Forward in Rescue Plan
China's state-owned enterprises buying excess housing from the market could be a big leap forward in rescuing the country's property sector as it opens the door for direct public financing, ANZ Resear
Hong Kong stocks surged this morning, with mainland real estate stocks rising collectively. Several local governments' land collection platforms claimed to accelerate the collection of commodity housing. Private real estate companies may also be included
Mainland real estate stocks rose collectively in early trading, as of press time, Agile Group (03383) rose 5.56% to HKD 0.57; CIFI Holdings Group Co Ltd (00884) rose 4.22% to HKD 0.37; Sino-Ocean Group Holding Limited (03377) rose 4.17% to HKD 0.5; Shimao Group Holdings Limited (00813) rose 3.9% to HKD 0.8.
HK stocks are fluctuating. Mainland real estate continues to decline. New housing transactions during the Dragon Boat Festival holiday are lower than expected. It remains to be seen whether the effects of the real estate policy will continue.
Mainland real estate stocks continue to weaken. As of press time, China Overseas Development (00688) fell by 4.08%, reporting HKD 14.58; Sunac (01918) fell by 4%, reporting HKD 1.2; Shimao Group (00813) fell by 3.66%, reporting HKD 0.79.
Hong Kong stocks fluctuate, mainland real estate stocks fall collectively, Shimao Group (00813) falls more than 5%. The decline in real estate transactions in the two days before the Dragon Boat Festival holiday has expanded.
Mainland real estate stocks have generally fallen. As of press time, Shimao Group (00813) fell 5.62%, to HK$0.84; Seazen (01030) fell 4.11%, to HK$1.4; Sunac China (01918) fell 2.33%, to HK$1.26.
Shanghai Shimao (600823.SH) will terminate its listing and delist on June 14.
*Shanghai Shimao (600823.SH) announced that the Shanghai Stock Exchange (referred to as "SSE") will...
Shimao Group (00813.HK): The accumulated contract sales amount in the first five months is 13.78 billion yuan.
On June 7th, Gelonhui reported that in the five months ending on May 31, 2024, Shimao Group (00813.HK) had a total contract sales amount of approximately RMB 13.78 billion and a total contract sales area of 1.0579 million square meters. The average selling price for the five months ending May 31, 2024 was RMB 13,027 per square meter. The contract sales amount in May 2024 was approximately RMB 2.92 billion, with a contract sales area of 229,200 square meters. The average selling price in May 2024 was RMB 12 per square meter.
Express News | Shimao Group - May Contracted Sales RMB2.92 Bln
Hong Kong stocks take a different trend | Mainland real estate stocks rebound in early trading, and the real estate financing "white list" is frequently released. Institutions are bullish on the improvement of June sales data.
According to the news from the Securities Times App, mainland real estate stocks rebounded in the morning trading session. As of press time, Radiance Holdings (09993) rose 15.25% to HKD 3.4; Shimao Group (00813) rose 4.49% to HKD 0.93; Sino-Ocean Group (03377) rose 3.41% to HKD 0.455; Logan Group (03380) rose 3.08% to HKD 0.67. In terms of news, according to CCTV, reporters recently learned from Guangdong, Guangxi, Sichuan, Jiangsu, Zhejiang and other local regulatory bureaus of the China Banking and Insurance Regulatory Commission that the financing coordination mechanism of the real estate industry in various cities is running smoothly.
Hong Kong stocks fluctuate | Mainland real estate stocks continue to decline, with a year-on-year drop of about 30% in new housing sales volume in May. Sector market conditions await a real recovery in the housing market.
According to the Zhutong Finance APP, mainland real estate stocks continue to fall, as of press time, Sunac (01918) fell 8.84%, to HKD 1.34; Zhongliang Holdings (02772) fell 8.29%, to HKD 0.166; Shimao Group (00813) fell 5.15%, to HKD 0.92; Sino-Ocean GP (03377) fell 4.21%, to HKD 0.455; R&F Properties (02777) fell 2.08%, to HKD 0.94. In terms of news, according to monitoring data from Zhuge Data Research Center, the sales of newly built commodity residences in 30 key monitored cities in May 2024.
Hong Kong stock market anomaly | Mainland real estate stocks generally fell back, and real estate companies still face liquidity pressures. Doubts about sustained improvement in June sales held by Daiwa.
Mainland real estate stocks generally fell today. As of press time, Sino-Ocean GP (03377) fell 4.04% to HK$0.475, Shimao Group (00813) fell 3.92% to HK$0.98, and R&F Properties (02777) fell 3% to HK$0.97.
HTSC: China's mortgage rates may still have room to fall and remain bullish on the valuation repair of the real estate sector.
HTSC remains bullish on the real estate sector's valuation recovery, focusing on robust real estate developers with more resources in core cities and improved product capabilities, as well as property management companies with resilient performance, stable cash flow, and generous dividends.
Shanghai Shimao (600823.SH) has spent CNY 175 million to repurchase 3.98% of its shares.
Shanghai Shimao (600823.SH) announced that from June 27th, 2023 to September 26th, 2023...
China Property Firms Could Revamp Business Models Amid Consolidation -- Market Talk
China's property companies could transform their business models amid accelerating industry consolidation, Citi analysts say in a research note.
The Ministry of Housing and Urban-Rural Development announced that 16,800 old urban communities across the country have been renovated and reconstructed from January to April.
In 2024, the country plans to start the renovation of 54,000 old urban communities.
*ST Shimao (600823.SH) controlling shareholders joined forces to increase their shares by 4.12%
*ST Shimao (600823.SH) issued an announcement, May 31, 2023 to May 30, 2024...
[Hong Kong Stock Connect] Shimao Group (00813) delays debt restructuring plan deadline
Jinwu Financial News | Shimao Group (00813) announced the latest situation regarding overseas debt restructuring. The company and its advisors have been actively promoting discussions with creditors on the restructuring plan. In order to accommodate some plan creditors that require additional time to complete internal approval and signing procedures, the company decided to further delay the early bird consent fee deadline to 5 p.m. Hong Kong time on June 28, 2024 and the general consent fee deadline to 5 p.m. Hong Kong time on July 31, 2024.
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