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[Broker Focus] Orient Securities maintains Longhu Group (00960) “buy” rating indicating that its operating assets still have room for financing
Jinwu Financial News | According to Oriental Securities Research, Longhu Group (00960) issued a 23-year results announcement. Operating revenue decreased 27.9% year over year to 18.74 billion yuan (RMB, same below), net profit to mother of 12.85 billion yuan, and net profit to mother decreased by 49.6% year on year to 11.35 billion yuan after excluding changes in fair value. According to the bank, due to the overall decline in the industry, the company's development business was under pressure. Revenue decreased 31% year over year to 155.9 billion yuan, and gross margin fell further by 6.9 pct to 11.0%, which is expected to bottom out and stabilize. The operating business continues to grow, and rent is collected from holding properties
[Broker Focus] Caixin Securities: Commercial housing market performance is lackluster, real estate policies still need to be optimized
Jinwu Financial News | According to Caixin Securities Research, in the second week of April, new home sales continued to decline year on year. Housing prices across the country continued to decline, the scale of land market transactions continued to shrink, and the overall popularity of the market was still low. Against the backdrop of insufficient demand for home purchases, the real estate market is under high pressure to remove inventory, and subsequent land supply may be adjusted at an accelerated pace to achieve a new balance between supply and demand. According to the bank, due to the low base of the Ching Ming Festival last week, new housing sales increased month-on-month this week, but the year-on-year decline was still large, and land supply and demand continued to shrink. From April 8 to April 14, the weekly transaction area of commercial housing in 30 large and medium-sized cities increased by 45.15% month-on-month, year-on-year
Domestic housing stock Pusheng Zhongliang Holdings (02272) rose 11.9%. The approval amount for the first batch of “white list” projects exceeded 500 billion yuan
Jinwu Financial News | Domestic housing stocks rose by 11.9%, Zhongliang Holdings (02772) rose 11.9%, Ocean Group (03377) and Xuhui Holding Group (00884) rose more than 5%, Shimao Group (00813) and Sunac China (01918) rose more than 4%, Xincheng Development (01030) rose more than 3%, Longhu Group (00960) and China Jinmao (00817) rose nearly 2%. By the end of March, commercial banks had completed the review of all the first batch of “white list” projects promoted by the Urban Real Estate Financing Coordination Mechanism. The number of approved projects exceeds 2,100, with a total amount of more than 52
Kingdee International Software Logs 28% Boost in Cloud Subscription Annual Recurring Revenue in Q1
Kingdee International Software Group (HKG:0268) recorded a cloud subscription annual recurring revenue of approximately 2.98 billion yuan as of March 31, up 28% from the year-ago period, a Tuesday fil
Domestic housing stocks generally fell, Jinhui Holdings (09993) fell 7.23%. In March, sales prices of newly built commercial residential homes in first-tier cities fell 1.5% year on year
Jinwu Financial News | Domestic housing stocks generally fell. Jinhui Holdings (09993) fell 7.23%, Ocean Group (03377) fell 6.4%, Shimao Group (00813) fell 4.76%, Xuhui Holding Group (00884) fell 3.15%, and Xincheng Development (01030), Yuexiu Real Estate (00123), and Longhu Group (00960) fell more than 2%. According to data released by the National Bureau of Statistics, in March, second-hand residential sales prices in first-tier cities fell 0.7% month-on-month, and the decline was 0.1 percentage points narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen fell 0.4%, respectively.
National Bureau of Statistics: The month-on-month decline in commercial residential sales prices in various tier cities narrowed slightly in March, and the year-on-year decline increased
In March 2024, the volume of newly built commercial housing and second-hand housing transactions in 70 large and medium-sized cities increased compared to the previous period. The decline in commercial residential sales prices in various tier cities narrowed slightly from month to month, and the year-on-year decline increased.
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104255742 : All markets suck at the moment