時代鄰里:2023年年報
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.
Times Neighborhood (09928.HK) parent company owners should account for core net profit of 159 million yuan in 2023, a year-on-year increase of about 10.7%
On March 26, Ge Longhui Times Neighborhood (09928.HK) announced that the annual results for the year ended December 31, 2023 were approximately RMB 2.47 billion, a year-on-year decrease of about 5.2%. The annual core net profit attributable to owners of the parent company (excluding non-recurring expenses) was approximately RMB 159 million, an increase of about 10.7% over the previous year. As of December 31, 2023, the total contract construction area for property management services is about 117.6 million square meters, and the total construction area under management is about 110.9 million square meters. Board recommendations for the year ended 31 December 2023
Times Neighborhood (09928) announced annual results. Shareholders' losses of 202 million yuan narrowed year-on-year by 5.55% and maintained a continuous leading position in the industrial logistics park service sector
According to the Zhitong Finance App, Times Neighborhood (09928) announced the results for the year ended December 31, 2023. The group achieved revenue of 2,471 billion yuan (RMB, same below) during the period, a year-on-year decrease of 5.17%; loss attributable to shareholders was 202 million yuan, a year-on-year narrowing of 5.55%; basic loss per share was 21 points; and a final dividend of 2.4 points per share was proposed. According to the announcement, the decrease in revenue was mainly due to a decrease in revenue from community value-added services and value-added services for non-landlords. The property management services sector remains the Group's largest source of revenue. In 2023, the Group's property management service revenue reached approximately 18.86
Times Neighborhood (09928) will pay a final dividend of $0.024 per share on July 10
Times Neighborhood (09928) announced that the company will pay a final dividend per share on July 10, 2024...
TIMES NEIGHBOR: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Times Neighborhood (09928.HK) plans to hold a board meeting on March 26 to approve annual results
Glonghui March 14 | Times Neighborhood (09928.HK) announced that the board of directors meeting will be held on March 26, 2024 (Tuesday) to approve (among other things) the results of the company and its subsidiaries for the year ended 31 December 2023 and consider recommending payment of a final dividend (if any) for the year ended 31 December 2023.
TIMES NEIGHBOR: NOTICE OF BOARD MEETING
Changes in Hong Kong stocks | Property management stocks declined as domestic housing stocks declined, and some housing enterprises received liquidation applications. Agencies say the impact on real estate-related businesses has weakened
Property management stocks declined today along with domestic housing stocks. As of press release, Evergrande Properties (06666) fell 7.35% to HK$0.63; Country Garden Services (06098) fell 6.2% to HK$5.9; Sunac Services (01516) fell 5.31% to HK$1.96; and Times Neighborhood (09928) fell 4.81% to HK$0.495.
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.
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.
CITIC Securities: Steady progress in the property industry, leading the way and continuing to grow
The Zhitong Finance App learned that CITIC Securities released a research report saying that the basic stock market in the property industry is stable, cost-side pressure is low, and performance transparency is high. If enterprises can control repayment risks during growth and expansion, then it is entirely possible for companies to achieve a steady increase in performance.
Changes in Hong Kong stocks | Property management stocks fall with domestic housing stocks, Damo says the property management industry climate improves, and property market sales need to stabilize
Property management stocks declined along with domestic housing stocks. As of press release, Xincheng Yue Service (01755) fell 4.76% to HK$3.2; Sunac Services (01516) fell 3.55% to HK$1.9; Times Neighborhood (09928) fell 3.06% to HK$0.475; and Country Garden Services (06098) fell 2.45% to HK$6.38.
[Broker Focus] Neighborhood in the Era of International Adjustment of the Bank of China (09928) to maintain a neutral rating of HK$0.60 with a target price of HK$0.60
Jinwu Financial News | According to the Bank of China International Development Research Report, the bank held a conference call with the management of Times Neighborhood (09928) to discuss the latest developments in operations and financial conditions. The focus is as follows: In the first half of 2023, the company took the initiative to terminate the management contract for low gross margin projects, and gross margin rebounded. The company expects the overall management scale to remain stable in 2023, and the gross margin has bottomed out and can remain around 23%. The company expects that in 2023, the revenue contribution of related parties will be less than 10%, and the construction area contribution will be less than 20%. As of the end of the first half of 2023, the company's net cash on hand was 813 million yuan.
Changes in Hong Kong stocks | Property management stocks rose as domestic housing stocks, Wanwuyun (02602) rose nearly 8%, and Country Garden Services (06098) rose nearly 6%
Property management stocks rose with domestic housing stocks today. As of press release, Times Neighborhood (09928) rose 9.62% to HK$0.57; Wanwuyun (02602) rose 7.89% to HK$24.6; Xincheng Yue Service (01755) rose 7.63% to HK$3.81; and Country Garden Services (06098) rose 5.97% to HK$7.45.
TIMES NEIGHBOR: INTERIM REPORT 2023
Changes in Hong Kong stocks | Property management stocks had the highest decline, institutions say the industry has entered a slow growth rate and still needs to be wary of credit risk and risk of impairment of goodwill
Property management stocks had the highest decline. As of press release, Evergrande Property (06666) fell 12.82% to HK$0.68; Sunac Services (01516) fell 9.31% to HK$3.02; and Times Neighborhood (09928) fell 6.45% to HK$0.58.
Changes in Hong Kong stocks | Property management stocks pick up in early trading, negative real estate feedback comes to an end, and the market refocuses on company operations and cash flow performance
Property management stocks picked up in early trading. As of press release, Hejing Youhuo (03913) rose 6.06% to HK$0.7; Times Neighborhood (09928) rose 6.06% to HK$0.7; World Trade Services (00873) rose 5.06% to HK$1.66; and Ya Life Services (03319) rose 3.34% to HK$5.26.
Changes in Hong Kong stocks | Domestic housing and property management stocks had the highest declines, and Fitch predicts that sales of newly built commercial housing will fall by up to 15% this year
Internal housing and property management stocks had the highest decline in early trading. As of press release, Sunac Services (01516) fell 5.17% to HK$2.57; Hejing Taifu Group (01813) fell 4.76% to HK$1; R&F Real Estate (02777) fell 4.17% to HK$1.38.
Changes in Hong Kong stocks | Times Neighborhood (09928) rose nearly 13%, leading property management stocks, real estate sector, negative feedback nearing end, real estate policy relieves pressure on stock prices
Property management stocks rose today along with domestic housing stocks. As of press release, Times Neighborhood (09928) rose 12.9% to HK$0.7; Xincheng Yue Service (01755) rose 12.1% to HK$4.91; China Resources Vientiane Life (01209) rose 9.9% to HK$37.2; and Elegant Life Services (03319) rose 6% to HK$5.3.
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