01238 POWERLONG
- 0.340
- -0.015-4.23%
POWERLONG News
UBS Group: It is expected that the remaining time of the year, Hong Kong property prices will generally stabilize or slightly rebound.
UBS Group issued a research report stating that the USA has officially entered an interest rate cut cycle. Consequently, UBS Group announced that it will follow suit and decrease the best rate for Hong Kong dollars by 25 basis points, unexpectedly becoming a "Mid-Autumn Festival gift" to the Hong Kong property market and bringing bullish news. The interest rate for new residential mortgages will be lowered from 4.125% to 3.88%, which will help narrow the negative interest rate gap with rental return on investment.
After the Fed cuts interest rates, multiple real estate stocks have strengthened. Will mortgage rates be further lowered?
① Influenced by the bullish factor of the Fed's interest rate cut, today's real estate stocks including Vanke, Jindi, Sunac, Shimao Group, and Jingfa International are strong; ② "The Fed's interest rate cut is expected to accelerate the implementation of China's reserve requirement ratio (RRR) and interest rate cuts, which will help further reduce the financing cost of enterprises. For the real estate market, the 5-year LPR is expected to be further reduced, and the cost of home purchase for residents may also decline."
August Housing Starts, Permits Rise More Than Expected
Have Powerlong Real Estate Holdings Insiders Been Selling Stock?
New-Home Prices in China's Major Cities Fell in August -- WSJ
This REIT With a 15% Yield May Have a Dividend Problem. Here's Why. -- Barrons.com
HKEx unusual movement: Powerlong (01238) dropped nearly 10% and was removed from the Hong Kong Stock Connect. The company's profit for the first half of the year turned from a gain to a loss, exceeding 2.6 billion yuan.
Powerlong (01238) fell nearly 10% again, and yesterday it plummeted 24% at one point. As of the time of writing, it has dropped 9.72%, to HKD 0.325, with a turnover of HKD 1.8952 million.
Powerlong Real Estate Holdings Limited (HKG:1238) Top Key Executive Kin Hong Hoi's Holdings Dropped 26% in Value as a Result of the Recent Pullback
Sell-off pressure increased! Multiple mainland real estate stocks plummeted after being removed from the Hong Kong stock connect, and the sector's trading atmosphere may continue to cool down.
① How big is the impact of the sharp decline of multiple mainland real estate stocks after being removed from the Hong Kong Stock Connect? ② The trading atmosphere in the real estate sector is sluggish, which bearish factors should we pay attention to recently?
Is real estate inventory declining according to the Zhongzhi Institute?
According to a report by the China Index Academy, the inventory clearance cycle is dynamic and is influenced by both the inventory size and the market sales speed. With a significant reduction in land supply, the market is entering a stage of spontaneous inventory clearance. However, the current real estate sales still face adjustment pressure, and the pace of inventory clearance relying solely on market forces is relatively slow. Therefore, policy support is still needed.
Powerlong [01238] is now trading at 0.35 Hong Kong dollars, a decrease of 19.54%.
As of 09:58, powerlong [01238] reported 0.35 Hong Kong dollars, a decrease of 0.085 Hong Kong dollars or 19.54% from yesterday's closing price of 0.435 Hong Kong dollars, with a turnover of 0.733 million Hong Kong dollars. Today's highest price is 0.43 Hong Kong dollars, and the lowest price is 0.35 Hong Kong dollars. Based on the closing price of yesterday, the 10-day average price is 0.80 Hong Kong dollars, and the 50-day average price is 0.64 Hong Kong dollars. The current PE ratio is -1.10 times, and the 14-day relative strength index is 57.58.
Powerlong Real Estate [01238] is now trading at 0.375 Hong Kong dollars, a decrease of 13.79%.
As of 09:45, Powerlong [01238] reported at HK$0.375, a decrease of HK$0.06 or 13.79% from the previous closing price of HK$0.435, with a turnover of HK$0.461 million. The highest price today is HK$0.43, and the lowest price is HK$0.375. Based on the closing price from yesterday, the 10-day average price is HK$0.80, the 50-day average price is HK$0.64, and the current PE ratio is -1.10 times, with a 14-day relative strength index of 57.58.
The list of stocks eligible for the Hong Kong Stock Connect under the Shanghai-Hong Kong Stock Connect has been adjusted. Alibaba-W (09988) and 33 other stocks have been added to the list.
According to the Zhitong Finance APP, on September 9th, the Shanghai and Shenzhen Stock Exchanges issued a notice, because the Hang Seng Composite Large Cap Index, Mid Cap Index, and Small Cap Index have been implemented...
Powerlong's Preliminary Sales Figures for August 2024
Powerlong Real Estate (01238.HK): The total contract sales amount for the first 8 months is 9.022 billion yuan.
On September 9, Geelong reported that the total contract sales amount (including the contract sales amount of jointly controlled entities and affiliated companies) and the contract sales area for August 2024 were approximately RMB 0.634 billion and 62,352 square meters, respectively. The total contract sales amount (including the contract sales amount of jointly controlled entities and affiliated companies) and the total contract sales area for the eight months ending on August 31, 2024 were approximately RMB 9.022 billion and 853,817 square meters.
Express News | Powerlong Real Estate - August Contracted Sales Value RMB634 Mln
tianfeng securities: What is the outlook for the adjustment of existing home loan interest rates?
Tianfeng Securities stated that, considering the latest mortgage policy and interest rate changes this year, there is indeed a possibility of reducing the interest rates on existing home loans. Further considering the actual impact of reducing the interest rates on existing home loans in 2023, it is expected to have a limited negative impact on the bond market.
Is the 80 basis point spread opening the window for reducing existing mortgage rates? How to relieve bank pressure? Experts suggest: adjust in stages to mitigate the impact, and cut deposit rates to hedge the impact.
①In July, the new personal housing loan interest rate is 3.4%, with an interest rate spread of about 80 basis points between existing house loan rates and new ones, and there is a growing call for residents to adjust existing house loan rates. ②Experts suggest adjusting existing mortgage rates gradually in stages to reduce the impact on banks, while controlling bank liability costs through lowering deposit rates and other means to mitigate interest rate spread pressure.
The call for a "rate cut" is getting louder! The real estate sector is heating up again, looking forward to the prosperous "Golden September" season.
Various regions are actively promoting the implementation of the housing 'old for new' policy.
The volume of real estate transactions in Hangzhou has fallen, and the second-hand housing market has ended its continuous 5-month high-volume running trend.
According to the data from ke holdings Research Institute in Hangzhou, 6688 second-hand housing units were signed in August in Hangzhou's ten districts, a decrease of 19.8% compared to July, and an increase of 24.6% compared to August last year; compared to July, the transaction volume of intermediary residences in the whole city declined by 21%. In addition, data from China Index Academy shows that in August, the transaction volume of new commodity residences in Hangzhou was 0.4 million square meters, a decrease of 20% month-on-month, and a decrease of 47.3% year-on-year.
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