09979 GREENTOWN MGMT
- 2.830
- -0.060-2.08%
GREENTOWN MGMT News
[Brokerage Focus] CMB International: The downward trend in real estate sales in September may intensify.
Jingu Finance News | CMB International Bank said that the downward trend in real estate sales in September may intensify. The bank pointed out that some cities are adopting a new pricing mechanism, using the internal area of the house rather than the total area as the pricing basis for sales while keeping the total price of the house unchanged. The bank believes that due to the higher price per unit area under this mechanism, it will not promote sales in the short term. However, the bank believes that this will increase transaction transparency, protect the rights and interests of homebuyers, and promote the healthy development of the industry in the long term. Discussions on the policy of allowing conversion of inventory to mortgages are currently underway. The bank believes that this will only be feasible when mortgage interest rates decrease to a level that makes rental yield attractive.
Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
[Brokerage Focus] Zhongtai maintains a "buy" rating on Greentown Management Holdings (09979), indicating the company's stable profitability.
According to the research report released by Zhongtai Securities, Greentown Management Holdings (09979) recorded a revenue of 1.67 billion in the first half of 2024, a YoY growth of 7.8%. The net income was 0.5 billion, a YoY growth of 5.8%. The company's profit growth rate is slightly lower, mainly due to the comprehensive gross margin of the company, which decreased by 0.5% to 51.5% compared to the same period last year. In addition, the ROE of the company increased by 0.25% to 13.35% compared to the same period last year. Overall, the company's profitability is relatively stable, maintaining its position as the leading player in the development and service industry, with a market share of over 20% for 8 consecutive years. The bank continued to emphasize that
Green Town Management (09979.HK): What does it signal when core executives collectively increase their shareholdings after the performance?
Growing together, sharing risks
Co-Chairman of the Board of Greentown Management Holdings Picks Up 223% More Stock
[Hong Kong Stock Connect] Ping An Securities maintains a "recommended" rating for greentown mgmt (09979), citing short-term pressure from real estate adjustments and increased competition.
Jingwu Finance News | Ping An Securities released a research report, Greentown Management Holdings (09979) published its 2024 interim report, achieving a revenue of 1.67 billion yuan in 2024H1, a year-on-year increase of 7.8%; net income attributable to shareholders of 0.5 billion yuan, a year-on-year increase of 5.8%. The bank pointed out that as of 2024H1, the company's contracted construction area and under-construction area were 0.12 billion and 0.053 billion square meters respectively. According to data from the China Index Research Institute, Greentown Management ranked first in the industry with a new signing scale of 17.46 million square meters in 2024H1, maintaining an absolute leading position in scale. However, with the continuous adjustment of the real estate industry, the commissioning party has temporarily postponed land acquisition and construction and the collection of sales proceeds.
Hong Kong stock concept tracking | Over 80 cities support state-owned enterprises and others to acquire existing houses, institutions are bullish on investment opportunities related to the "good housing" industry (concept stocks attached)
As of now, more than 80 cities have announced their support for state-owned platform enterprises to acquire commodity housing for the purpose of affordable housing, resettlement housing, talent housing, and turnover housing.
Greentown Management: Higher Contribution From Commercial Project Management Business Supported Results >9979.HK
Greentown Mgmt (09979.HK): The net income attributable to the company's shareholders in the first half of the year reached 0.501 billion yuan, a year-on-year growth of 5.8%.
On August 23, Greentown Management Holdings (09979.HK) issued an announcement. For the six months ending on June 30, 2024, the company's revenue reached RMB 1.67 billion, an increase of 7.8% compared to the same period last year. The gross profit reached RMB 0.86 billion, an increase of 6.7% compared to the same period last year. The net income attributable to the company's shareholders reached RMB 0.501 billion, an increase of 5.8% compared to the same period last year. The net cash flow from operating activities of the company during this reporting period reached RMB 77.5 million, and the company has no bank liabilities. In the first half of 2024, the company continues to maintain its leading position in the field of real estate development services.
Express News | Corrected-Greentown Management Holdings Company H1 Revenue RMB 1,669.6 Million (Corrects Amount)
Express News | Greentown Management Holdings Company H1 Net Income RMB 501.2 Million
Express News | Greentown Management Holdings Company H1 Revenue RMB 1,308.3 Million
GREENTOWN MGMT: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Greentown Management Holdings (09979): Wang Junfeng has been appointed as the authorized representative.
Greentown Management Holdings (09979) has announced that, due to personal reasons and to devote more time to family and children's education, Mr. Li...
Greentown Management Holdings (09979): Gu Ji Xiang and Wu Xiuwei have been appointed as joint company secretaries.
greentown mgmt (09979) announced that Zhang Panpan has resigned as the company secretary and Hong Kong...
Express News | Greentown Management - Li Jun Resigned as Executive Director and Vice Chairman
The Returns On Capital At Greentown Management Holdings (HKG:9979) Don't Inspire Confidence
Viewpoint index: Multiple property companies expect a decline in mid-term profits, and the market is bullish on state-owned asset management companies.
The Opinion Index published the Property Service Development Report for August 2024.
Hong Kong stock concept tracking | Peking's second-hand housing signing volume in June and July has increased significantly, and institutions are bullish on high-quality real estate companies in core cities (including concept stocks).
Bullish real estate policies in Beijing, taking small steps towards gradual relaxation, have led to increased activity in the housing market trade.
Greentown Mgmt (09979.HK) plans to hold a board of directors meeting on August 23 to approve its interim performance.
Greentown Mgmt (09979.HK) announced on August 13th that the board of directors meeting will be held on Friday, August 23, 2024, to consider and approve the company and its subsidiaries' interim performance and its release for the six months ending June 30, 2024, and to consider the distribution of interim dividends (if any) and other issues.
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