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News Flash: 2 Analysts Think Guangzhou R&F Properties Co., Ltd. (HKG:2777) Earnings Are Under Threat
One thing we could say about the analysts on Guangzhou R&F Properties Co., Ltd. (HKG:2777) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts
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.
Guangzhou R&F Logs 1 Billion Yuan Contracted Sales in March
Guangzhou R&F Properties' (HKG:2777) contracted sales in March amounted to 1.08 billion yuan with 67,300 square meters in gross floor area sold, according to a Friday filing with the Hong Kong bourse.
R&F Real Estate (02777.HK): Total sales revenue of 2.71 billion yuan in the first three months
Gelonghui, April 12, 丨 R&F Real Estate (02777.HK) announced that the Group's total sales revenue for the month of March 2024 was approximately RMB 1.08 billion, with a sales area of about 67,300 square meters. By the end of March 2024, the total sales revenue was approximately RMB 2.71 billion, and the sales area reached about 185,300 square meters.
Changes in Hong Kong stocks | Shimao Group (00813) fell more than 4%, leading the decline in domestic housing stocks, the contract sales amount of many housing companies declined in the first quarter, and the industry continued to bottom out
Domestic housing stocks continued to fall. As of press release, Shimao Group (00813) fell 4.41% to HK$0.325; Vanke Enterprise (02202) fell 4.11% to HK$3.97; and R&F Real Estate (02777) fell 3.41% to HK$0.85.
Changes in Hong Kong stocks | Domestic housing stocks generally rose, and the results of Xiaoyangchun were slightly insufficient in March and recently boosted the property market in many places
The Zhitong Finance App learned that domestic housing stocks generally rose. As of press release, China's Jinmao (00817) rose 6% to HK$0.53; Zhongliang Holdings (02772) rose 5.5% to HK$0.21; R&F Real Estate (02777) rose 4.82% to HK$0.87; Ocean Group (03377) rose 3.77% to HK$0.275; Sunac China (01918) rose 3% to HK$1.03. According to the news, real estate policies have recently been relaxed in many places. Specifically, Hebei, Hunan, and Qinhuangdao have adjusted their provident fund policies in many places; Qingdao has issued a number of new property market policies; ha
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