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Market Chatter: Hong Kong's Home Prices Log First Rise in 10 Months
Hong Kong's private home prices climbed 1.1% month-over-month in March 2024, marking their first increase in 10 months, following the relaxation of curbs on the troubled property market, Reuters repor
[Broker Focus] Guosheng Securities downgraded Longhu Group (00960) to “increase holdings” rating, indicating that there is still pressure to eliminate low-energy cities on the soil storage side
Jinwu Financial News | According to Guosheng Securities Research, the amount of interest-bearing debt of Longhu Group (00960) at the end of 2023 was 192.65 billion yuan (RMB, same below), a year-on-year decrease of 7.4%, of which short-term interest-bearing debt was 26.84 billion yuan. The maturity scale of open bonds within 2024 is 6 billion yuan, concentrated in May, July-August, and December. As of the end of 2023, the company had cash of 60.42 billion yuan, and the pressure to repay short-term maturing debts was light. According to the bank, in terms of financing costs, the company's comprehensive financing costs rose slightly by 0.14pct to 4.24% in 2023, maintaining overall stability
Trending Industry Today: SINO-OCEAN GP Leads Gains In Retirement Concept Stocks
April 29th - The industry of $Retirement Concept(BK1335.HK)$ is trending higher today with 5 constituents up and SINO-OCEAN GP leading Gains.$SINO-OCEAN GP(03377.HK)$ gets a 15.78% boost to HK$0.33 wi
[Special Offer V] Ye Shangzhi: Hong Kong Stock A Shares Will Resonate Together
Jinwu Financial News | On April 26, driven by continued capital inflows, Hong Kong stocks rose for the fifth day and tested to the first target of the 250-day line (latest report of 17,717 points). The Hang Seng Index rose by nearly 370 points and closed at the level of 17,600 points, while market turnover further increased to close to 160 billion yuan, the largest daily turnover since this year, and the highest in nine months. It is worth noting that not only Hong Kong stocks, but A-shares are also showing signs of becoming the current target of foreign capital inflows. The Shanghai and Shenzhen Stock Connect recorded a net inflow of over 22 billion yuan on Friday, which hit a new high since its opening. It is estimated that Hong Kong stocks have become targets
Huatai Securities: Chengdu's release of a new real estate policy is expected to stimulate market demand
In the long run, an increase in high-quality supply is expected to increase the market competitiveness of new homes in the next 1-2 years.
Trending Industry Today: SUNAC Leads Gains In Mainland Real Estate Stocks
April 26th - The industry of $Mainland Real Estate(BK1234.HK)$ is trending higher today with 20 constituents up and SUNAC leading Gains.$SUNAC(01918.HK)$ jumps 15.3% to HK$1.13 with a turnover of HK$3
Changes in Hong Kong stocks | Xuhui Holdings (00884) rose more than 11%, leading the increase in domestic housing stock policies to help stabilize the property market and put funds in place for “white list” projects
The Zhitong Finance App learned that domestic housing stocks strengthened again in early trading. As of press release, Xuhui Holding Group (00884) rose 11.54% to HK$0.29; Longhu Group (00960) rose 7.96% to HK$10.58; Ocean Group (03377) rose 7.69% to HK$0.28; Agile Group (03383) rose 6.38% to HK$0.5. According to the news, on the evening of April 23, the Shenzhen government announced “trade-in” housing. Currently, 21 agencies and 13 real estate projects have participated in the “New Home Exchange”. According to statistics from the China Index Research Institute, there are now over 30 cities
[Broker Focus] Orient Securities maintains Longhu Group (00960) “buy” rating indicating that its operating assets still have room for financing
Jinwu Financial News | According to Oriental Securities Research, Longhu Group (00960) issued a 23-year results announcement. Operating revenue decreased 27.9% year over year to 18.74 billion yuan (RMB, same below), net profit to mother of 12.85 billion yuan, and net profit to mother decreased by 49.6% year on year to 11.35 billion yuan after excluding changes in fair value. According to the bank, due to the overall decline in the industry, the company's development business was under pressure. Revenue decreased 31% year over year to 155.9 billion yuan, and gross margin fell further by 6.9 pct to 11.0%, which is expected to bottom out and stabilize. The operating business continues to grow, and rent is collected from holding properties
[Broker Focus] Caixin Securities: Commercial housing market performance is lackluster, real estate policies still need to be optimized
Jinwu Financial News | According to Caixin Securities Research, in the second week of April, new home sales continued to decline year on year. Housing prices across the country continued to decline, the scale of land market transactions continued to shrink, and the overall popularity of the market was still low. Against the backdrop of insufficient demand for home purchases, the real estate market is under high pressure to remove inventory, and subsequent land supply may be adjusted at an accelerated pace to achieve a new balance between supply and demand. According to the bank, due to the low base of the Ching Ming Festival last week, new housing sales increased month-on-month this week, but the year-on-year decline was still large, and land supply and demand continued to shrink. From April 8 to April 14, the weekly transaction area of commercial housing in 30 large and medium-sized cities increased by 45.15% month-on-month, year-on-year
Domestic housing stock Pusheng Zhongliang Holdings (02272) rose 11.9%. The approval amount for the first batch of “white list” projects exceeded 500 billion yuan
Jinwu Financial News | Domestic housing stocks rose by 11.9%, Zhongliang Holdings (02772) rose 11.9%, Ocean Group (03377) and Xuhui Holding Group (00884) rose more than 5%, Shimao Group (00813) and Sunac China (01918) rose more than 4%, Xincheng Development (01030) rose more than 3%, Longhu Group (00960) and China Jinmao (00817) rose nearly 2%. By the end of March, commercial banks had completed the review of all the first batch of “white list” projects promoted by the Urban Real Estate Financing Coordination Mechanism. The number of approved projects exceeds 2,100, with a total amount of more than 52
Kingdee International Software Logs 28% Boost in Cloud Subscription Annual Recurring Revenue in Q1
Kingdee International Software Group (HKG:0268) recorded a cloud subscription annual recurring revenue of approximately 2.98 billion yuan as of March 31, up 28% from the year-ago period, a Tuesday fil
Domestic housing stocks generally fell, Jinhui Holdings (09993) fell 7.23%. In March, sales prices of newly built commercial residential homes in first-tier cities fell 1.5% year on year
Jinwu Financial News | Domestic housing stocks generally fell. Jinhui Holdings (09993) fell 7.23%, Ocean Group (03377) fell 6.4%, Shimao Group (00813) fell 4.76%, Xuhui Holding Group (00884) fell 3.15%, and Xincheng Development (01030), Yuexiu Real Estate (00123), and Longhu Group (00960) fell more than 2%. According to data released by the National Bureau of Statistics, in March, second-hand residential sales prices in first-tier cities fell 0.7% month-on-month, and the decline was 0.1 percentage points narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen fell 0.4%, respectively.
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.
Longfor Group Holdings (HKG:960) Has A Somewhat Strained Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
S&P: Longhu Group (00960) reduces debt in an orderly manner and controls leverage
The Zhitong Finance App learned that on April 12, S&P released the latest rating report for Longhu Group (00960), confirming that its long-term issuer credit rating is “BB+” and that the long-term issuance rating of advanced unsecured notes is “BB”. S&P pointed out in the rating report that based on the Longhu Group's steady cash flow management, strong rental income, and good debt management, it is believed that Longhu has sufficient liquidity and the risk of short-term debt repayment and refinancing is very small. S&P also predicts that due to increased profit contributions from high-margin investment properties and property services, Longhu's adjusted EBITDA profit margin will increase from 20
[Hong Kong Stock Connect] According to reports, Longhu Group (00960) has remitted funds to pay interest on a US dollar bond
Jinwu Financial News | According to reports, Longhu Group (00960) has remitted funds to pay interest on US$250 million 3.375% bonds due in 2027, citing sources. The report calculated that the coupon amount due on the 13th of this month is US$4.22 million (approximately HK$32.916 million). Sources pointed out that the current remittance of funds by the Longhu Group is intended to ensure timely payment of interest on the debt.
Domestic housing stocks were collectively pressured, Agile Group (03383) fell 5.77%. The contract sales amount of many housing companies in the first quarter fell by more than 50% year on year
Jinwu Financial News | Domestic housing stocks were collectively pressured. Agile Group (03383) fell 5.77%, Shimao Group (00813) fell 5.63%, Yuexiu Real Estate (00123) fell 5.16%, China Overseas Hongyang Group (00081), Sunac China (01918), Longhu Group (00960) fell more than 4%, and China Jinmao (00817) and Xuhui Holding Group (00884) fell more than 3.5%. According to the news, contract sales amounts for many housing companies declined in the first quarter. Longhu Group achieved total contract sales of 23.48 billion yuan in the first quarter, a decrease of 53.7%; involving sales
Longhu Group achieved a total contract sales amount of 23.48 billion yuan in the first 3 months
Longhu Group (00960) announced that from January to March 2024, the group achieved a total contract sales amount of RMB 23.48 billion and a contract sales area of 1.64 million square meters. In March 2024, the total contract sales amount was RMB 10.72 billion, and the contract sales area was 734,000 square meters; in March, the contract sales amount belonging to the company's shareholders' rights was RMB 7.44 billion, and the contract sales area belonging to the company's shareholders' rights was 530,000 square meters. The group added a new land reserve in March 2024, with a total construction area of 81,400 square meters.
Longfor Group Logs 10.72 Billion Yuan of Contracted Sales in March
Longfor Group Holdings (HKG:0960) recorded contracted sales of 10.72 billion yuan in March 2024, with contracted sales in terms of gross floor area (GFA) amounting to 734,000 square meters, according
Longhu Group (00960.HK) achieved a total contract sales amount of 10.72 billion yuan in March
Gelonghui, April 10, 丨 Longhu Group (00960.HK) announced that by the end of March 2024, the Group had achieved a total contract sales amount of RMB 23.48 billion, a contract sales area of 1.64 million square meters, a total contract sales amount of RMB 10.72 billion and a contract sales area of 734,000 square meters in a single month; in March, the contract sales amount vested in the company's shareholders' rights was RMB 7.44 billion, and the contract sales area belonging to the company's shareholders was 530,000 square meters.
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