Hong Kong stocks abnormal | Property management stocks fell with mainland real estate, and the potential price and volume recovery of the real estate industry has improved its certainty. However, the implicit elasticity is limited.

As mainland real estate stocks decline, as of publication, Times Neighbor (09928) fell 6.78%, to HKD 0.55; Poly PPT SER (06049) fell 4.25%, to HKD 30.45; CG Services (06098) fell 3.82%, to HKD 5.03; MMCloud (02602) fell 3.36%, to HKD 23; and A-Living (03319) fell 3.28%, to HKD 2.95.

Zhitong Finance03:23 ET

Brokerage Focus: Haitong Securities maintains its "outperform" rating on Kingsoft Cloud (02602) and points out that buybacks promote optimized equity structure and improved shareholder equity.

Under the research reports from Haitong Securities, on June 4, 2024, the board of directors of Waning Cloud (02602) decided to timely exercise the authorization for share repurchase in the public market to buy back listed in Hong Kong (H shares), with a maximum fund of HKD 5.8 billion and a plan to buy back up to 118 million H shares, accounting for 10% of the total number of H shares issued by the company on the day of the special resolution passed by the shareholders' meeting, and maintaining a sufficient level of public shareholding. The company plans to allocate funds from its own financial resources for the share repurchase and will not use the proceeds from the listing of H shares on the main board of Hong Kong Stock Exchange in September 2022. Starting from January 2023...

金吾財訊02:47 ET

[Brokerage Focus] Citic Sec believes that the structural recovery of the real estate market will unfold along the path of first-tier cities followed by second-tier cities.

Jingu Finance News | Citic Securities said that the Shanghai property market has stabilized across the country. The bank believes that the recovery is not a flash in the pan, and the Shanghai property market has a solid fundamentals, strong policy support, and decisive measures, resulting in the stabilization of second-hand house prices. The bank believes that the structural recovery will follow the path of first-tier cities first, then second-tier cities, and real estate will not become a core macroeconomic risk point. The bank recommend focusing on developers with development capability and financing channels such as China Resources Land (01109), as well as real estate service companies such as Ke Holdings (02423), China Resources Mixc.

金吾財訊02:15 ET

Cloud technology is stirring up the home decoration industry.

The market for gold reserves.

wallstreetcnJun 17 08:32 ET

Hong Kong Shares Slip Into Red Following Weaker Than Anticipated US Overnight Economic Data

Hong Kong stocks erased yesterday's gains and fell into negative territory on Wednesday with US overnight economic data coming in weaker than anticipated despite investor's US interest-rate cut hopes.

MT NewswiresJun 5 04:33 ET

[Brokerage Focus] Citic Sec believes that the recovery of mainland real estate may not be short-lived.

CITIC Securities said that the recovery of the mainland real estate market may not be short-lived. In history, policies tend to be more cautious, and mainly focus on certain aspects. The market releases a wave of demand under policy stimuli, leading to short-lived recovery.

金吾財訊Jun 5 03:27 ET