Performance is polarized, is your residential property OK?
High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.
HKEX Halts Trading in Sundy Service Group's Shares
Sundy Service Group (HKG:9608) said trading in its shares on the Hong Kong bourse was suspended on March. 28, pending the publication of the firm's annual results for the year ended December 2023, acc
The reason for the suspension of Songdu Service (09608) from March 28 is yet to be announced
Songdu Service (09608) announced that the company's shares will be suspended from 9:00 a.m. on March 28, 2024...
SUNDY SERVICE: (1) INSIDE INFORMATION; (2) POSSIBLE DELAY IN PUBLICATION OF THE 2023 ANNUAL RESULTS AND DESPATCH OF THE 2023 ANNUAL REPORT; (3) POSTPONE OF MEETING OF THE BOARD; AND (4) POSSIBLE SUSPENSION OF TRADING
Songdu Services (09608) entered into a framework agreement with Songdu Group for the acquisition of property and debt settlement involving about 100 million yuan
Songdu Services (09608) announced that the group agreed to provide property management services to Songdu Joint Stock Group and increase the number of non-owners...
Changes in Hong Kong stocks | Property management stocks rise as domestic housing stocks rise, real estate policies continue to shift easing, and the impact of property management companies' real estate-related businesses weakens
Property management stocks rose along with domestic housing stocks. As of press release, Songdu Services (09608) rose 14.68% to HK$0.25; Xincheng Yue Service (01755) rose 6.55% to HK$2.44; Wanwuyun (02602) rose 5.33% to HK$18.98; and Yuexiu Services (06626) rose 2.91% to HK$2.83.
Black Cat Syndicate Replaces Funding Package for Western Australian Gold Projects; Shares Fall 11%
Black Cat Syndicate (ASX:BC8) replaced its AU$60 million funding package to advance its three gold projects—Paulsens, Coyote and Kal East—in Western Australia. Subject to completion, the new funding p
Songdu Services (09608) further subscribes to Black Cat for a total of 6 million Australian dollars of convertible stock notes and approximately 133 million Black Cat shares
Songdu Service (09608) announced that since the previous subscription items have been fully paid, on March 14, 2024 (payment...
Songdu Services (09608.HK) will hold a board meeting on March 28 to approve the annual results
Gelonghui March 13 | Songdu Service (09608.HK) announced that the company will hold a board meeting on March 28, 2024 to consider and approve the Group's annual results for the year ended December 31, 2023 and handle any other matters (if any).
SUNDY SERVICE: DATE OF BOARD MEETING
Everbright Securities: Stable property fundamentals, slow release of risk factors, seize lower sector allocation opportunities
Property fundamentals are stable, risk factors are mitigated, and opportunities at the bottom of the sector are seizing allocation opportunities.
Songdu Service (09608.HK) signed a project investment agreement with Tongnan Industrial Investment and Development
Gelonghui, Feb. 1, | Songdu Services (09608.HK) announced that on January 31, 2024 (after the transaction period), Jinbenwei Mining (Chongqing) (an indirect wholly-owned subsidiary of the company) signed a project investment agreement with Tongnan Industrial Investment and Development. According to this, Goldstandard Mining (Chongqing) will, including others, provide RMB 150 million to obtain state-owned land use rights for the plot and the construction and construction projects developed by Tongnan Industrial Investment. The estimated construction period is approximately 18 months.
Insiders With Their Considerable Ownership Were the Key Benefactors as Sundy Service Group Co. Ltd (HKG:9608) Touches HK$1.3b Market Cap
Key Insights Insiders appear to have a vested interest in Sundy Service Group's growth, as seen by their sizeable ownership Jianwu Yu owns 59% of the company Using data from company's past perform
A wealth management product with a redemption amount of 70 million yuan from Songdu Services
Songdu Service (09608) announced that on January 3, 2024, Songdu Property, an indirect wholly-owned subsidiary of the company, redeemed Huaxia Wealth Management products with a redemption amount of RMB 70 million. The total amount of unaudited interest income from redemptions is approximately RMB 217,000.
Songdu Service (09608) wealth management product with a redemption amount of 70 million yuan
Songdu Service (09608) announced that on January 3, 2024, Songdu Property, an indirect wholly-owned subsidiary of the company, redeemed Huaxia Wealth Management products with a redemption amount of RMB 70 million. The total amount of unaudited interest income from redemptions is approximately RMB 217,000.
Zhongtai Securities's 24-year property strategy: real estate-related businesses further decline leading companies or gradually increase dividend distribution rates
According to a research report released by Zhongtai Securities, property and real estate have been further decoupled, and the share of revenue and profit from real estate-related businesses in financial reports has declined further, and impairment from real estate business has also decreased marginally. In addition, leading property companies are gradually increasing their dividend distribution ratio. As the property industry reduces large-scale mergers and acquisitions and enters a period of steady growth, the distribution rate is expected to increase further.
Black Cat Syndicate Raises AU$9 Million Via Convertible Bond Issue
Black Cat Syndicate (ASX:BC8) raised AU$9 million via the issue of convertible bonds at AU$1 each to Hong Kong-listed property manager Sundy Service Group (HKG:9608). Proceeds will be used to accelera
Sundy Service Unit Buys China Property for 40 Million Yuan
Sundy Service Group's (HKG:9608) unit, Hangzhou Sundy Property Management, acquired a property in China for 39.7 million yuan.
Changes in Hong Kong stocks | Songdu Services (09608) rose more than 15% and renewed its new subsidiary plans to acquire Hangzhou properties for 39.73 million yuan
Songdu Services (09608) rose by more than 15%, reaching a new listing high of HK$0.295. As of press release, it rose 15.69% to HK$0.295, with a turnover of HK$1,318,500.
Songdu Service (09608) subsidiary plans to acquire Hangzhou properties for 39.73 million yuan
According to Zhitong Finance App, Songdu Service (09608) issued an announcement. On January 5, 2024, Songdu Property (an indirect wholly-owned subsidiary of the company) signed a housing transfer contract with Guzhang Daying. Guzhang Daying agreed to transfer the property's land use rights to Songdu Property at a total cost of RMB 39.73 million, subject to approval by independent shareholders at the special shareholders' meeting. According to reports, the property is located 50 meters southeast of the intersection of Wangyang Street and Jiumu Road in Shangcheng District, Hangzhou, with 102 and 104 rooms and units 1 to 6 of the Sunshine Jingtai Apartment Building 1. The group is a famous group in Zhejiang Province
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