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Powerlong Commercial Management Appoints Former Longfor Exec as CEO
The three major Hong Kong stock indices are steadily rising, with Real Estate stocks leading the performance due to bullish factors.
① What factors contributed to today's performance of the Hong Kong stock market? ② Why are Consumer Electronics-related stocks continuously favored by the market?
LONGFOR GROUP [00960] is currently reported at 10.38 Hong Kong dollars, with an increase of 5.06%.
As of 10:01, LONGFOR GROUP [00960] is priced at HKD 10.38, up HKD 0.5 or 5.06% from yesterday's closing price of HKD 9.88, with a transaction volume of HKD 50.6664 million. Today's highest price is HKD 10.38 and the lowest price is HKD 9.95. Based on yesterday's closing price, the 10-day average price is HKD 9.62, the 50-day average price is HKD 10.76, the current PE is 4.34 times, and the 14-day strength index is reported at 44.30.
According to the index research, the cumulative decline in the prices of second-hand houses nationwide in the fourth quarter of 2024 is narrowing, and the prices in first-tier cities have shown significant stabilization.
According to data monitoring by the Middle Finger Research Institute, in the fourth quarter of 2024, the cumulative decline in second-hand housing prices across all tiers of cities has narrowed, with a significant stabilization in prices in first-tier cities.
The LPR remained unchanged in January. Will mortgage rates decrease again in 2025?
① Since January, the policy interest rates, which are the basis for LPR Quotes, have stabilized, suggesting that the January LPR Quote will remain unchanged. ② There is a possibility of interest rate cuts in the first half of 2025, with the total reduction expected to reach 50 basis points for the year, which is higher than the 30 basis points reduction from the previous year, leading to a significant downward adjustment of the LPR Quote.
Keenan Securities: Real Estate sales in the fourth quarter are stabilizing marginally, and the annual scale of starts and completions has significantly contracted.
The expected sales data for January is weak, and the sustainability of market recovery still needs to be observed.
