03380 LOGAN GROUP
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LOGAN GROUP 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.
Is Logan Group (HKG:3380) A Risky 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
New-Home Prices in China's Major Cities Fell in August -- WSJ
Expectations for a further reduction in loan interest rates for existing housing have risen again, and mainland real estate stocks have shown a strong upward momentum. Midea Real Estate (03990) rose by 8.56%.
Golden Finance News | The mainland real estate market is strong, with Midea Real Estate (03990) up 8.56%, China Jinmao (00817) up 4.76%, China Resources Land (01109) up 4.64%, Longfor Group (00960) up 4.36%, C&D Intl Group (01908) up 4.42%, Logan Group (03380) up 4.05%, Cifi Holdings Group (00884) up 3.67%. On the news front, according to informed sources, China may possibly lower the interest rate for existing housing loans as early as September, reducing the borrowing costs for millions of households and striving to stimulate the market.
This REIT With a 15% Yield May Have a Dividend Problem. Here's Why. -- Barrons.com
Market Chatter: China's Sunac, Logan Finalizing Debt Restructuring Plans
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.
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.
Brokerage morning meeting highlights: real estate continues the off-season market, focusing on the "Golden September and Silver October".
At today's brokerage morning meeting, China International Capital Corporation believes that the current market has more bottom features and limited downside risks; China Securities Co., Ltd. is bullish on the Tesla and top humanoid robot industry chain; HTSC suggests that the real estate market will continue the off-season trend and focus on the "golden September and silver October".
China Real Estate Research Institute: The total land acquisition amount of the top 100 enterprises from January to August was 473.13 billion yuan, a 40.0% decrease compared to the same period last year.
On August 30, the China Real Estate Research Institute issued a document stating that from January to August 2024, the total land acquisition amount of the TOP100 enterprises was 473.13 billion yuan, a 40.0% year-on-year decrease, which further expanded by 2.0 percentage points compared to the decline in January to July.
Long Guang released its mid-term performance: actively resolving debt risks, striving to stabilize the company's fundamentals.
On August 29, Logan Group (3380.HK) announced its half-year performance as of June 30, 2024. During the first half of 2024, various departments and regions introduced a series of policies to stimulate the real estate market, but property developers still faced pressure and difficulties. Logan Group has been continuously adjusting its operation strategy and making every effort to cope with the operational challenges. Due to industry factors, the completion of nearly 0.017 million units delivery commitment by the company was affected. In the first half of 2024, property developers in general experienced further sales pressure. During the reporting period, Logan Group achieved a contracted sales amount of CNY 5.32 billion and revenue of CNY 14.05 billion, with a net loss of CNY 1.8 billion. The loss was mainly due to the
logan group (03380) announced its mid-term performance for 2024, delivering nearly 0.017 million sets in the first half of the year.
On August 29, Logan Group (03380) announced its half-year performance for the period ended June 30, 2024.
Express News | Logan Group - Did Not Recommend Payment of Interim Dividend for Six Months
Express News | Logan Group H1 Net Income RMB -1,800 Million
Express News | Logan Group H1 Revenue RMB 14,053.4 Million
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