74.44BMarket Cap5.25P/E (TTM)
11.220High9.890Low71.56MVolume9.890Open9.800Pre Close768.73MTurnover1.06%Turnover Ratio5.25P/E (Static)6.77BShares23.29852wk High0.44P/B74.44BFloat Cap7.86052wk Low1.17Dividend TTM6.77BShs Float48.751Historical High1.158Dividend LFY13.57%Amplitude-4.237Historical Low10.742Avg Price500Lot Size10.59%Div YieldTTM10.53%Div Yield LFY
LONGFOR GROUP Stock Forum
LONGFOR is strong!
First to Downgrade Evergrande 3 Yrs Ago, UBS's John Lam Now Turns Positive on China Property
Bloomberg reported that John Lam, head of China and Hong Kong property research at UBS, said his view of China's property market has turned positive and expects a gradual recovery. Lam was the first to downgrade $EVERGRANDE(03333.HK)$ to Sell 3 years ago, 11 months before its debt default, which shocked the market at the time. According to the report, Lam predicted that m...
HSI Opens 234 pts Down
In financials, $HSBC HOLDINGS(00005.HK)$ opened 0.7% lower at $63.35, $HKEX(00388.HK)$ opened 1.4% down, and $AIA(01299.HK)$ opened descending 3.4%.
As for property stocks, $CHINA OVERSEAS(00688.HK)$ opened fa...
Fitch forecasts GDP growth to moderate to 4.5% in 2024.
$COUNTRY GARDEN(02007.HK)$$LONGFOR GROUP(00960.HK)$$EVERGRANDE(03333.HK)$$Real Estate Developers(BK1019.HK)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$
HSI Slips 282 Pts at Open; Developers Descend
Real estate stocks were hijacked by subsiding rate cut expectations. $NEW WORLD DEV(00017.HK)$ and $HANG LUNG PPT(00101.HK)$ cratered more than 2%. $SHK PPT(00016.HK)$ , $Link Real Estate Investment Trust(00823.HK)$ and $CK ASSET(01113.HK)$ slid 1.7%-1.9%. ...
The Chinese property sector experienced a disappointing beginning of 2024
Jan-Feb residential housing sales areas tumbled 20.5% y/y to 1.137 trillion square meters, and the total sales plummeted by 29.3% y/y to 1.05 trillion yuan.
Developing funds in place fell 24.1% y/y to 1.62 trillion yuan.
Sentiment 92.13
$COUNTRY GARDEN(02007.HK)$$CG SERVICES(06098.HK)$$LONGFOR GROUP(00960.HK)$$CHINA VANKE(02202.HK)$$EVERGRANDE(03333.HK)$$EVERG SERVICES(06666.HK)$
HSI Opens 203 pts Lower
As for mainland property stocks, $CHINA VANKE(02202.HK)$ contracted sales in February plummeted 53.5% YoY, and its shares opened 1.3% lower this morning. $LONGFOR GROUP(00960.HK)$ and $CHINA RES LAND(01109.HK)$ opened ...
$CHINA VANKE(02202.HK)$ dipped 0.3% at $6.28 after the company reportedly discussed a bond swap with its major creditor banks to avoid default. For the rest of the Chinese property developers, $CHINA OVERSEAS(00688.HK)$ , $LONGFOR GROUP(00960.HK)$ and $CHINA RES LAND(01109.HK)$ sank 0.8%-1.1%...
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