01995 ES SERVICES
- 2.000
- -0.130-6.10%
ES SERVICES News
Beijing, Shanghai, Guangzhou, and Shenzhen have all canceled the standards for ordinary and non-ordinary housing!
On November 22nd, the Guangzhou Municipal Housing and Urban-Rural Development Bureau, Guangzhou Municipal Finance Bureau, State Administration of Taxation, and Guangzhou Municipal Taxation Bureau issued a notice regarding the cancellation of the standards for ordinary residences and non-ordinary residences in Guangzhou. The standards for ordinary residences and non-ordinary residences are cancelled, and will be implemented starting from December 1, 2024.
Hong Kong stock concept tracking | Guangzhou will acquire existing commodities under 90 square meters city-wide as indemnificatory apartments. The collection of existing commodities is accelerating (with related concept stocks attached).
Guangzhou Anju Group announced on November 18 that it will acquire existing commodities of 90 square meters or less throughout the city as indemnificatory apartments. Developers interested in participating can register from November 18 to December 18.
Hong Kong stock concept tracking | Peking, Shenzhen real estate market volume hits new high, real estate sector policy effects may gradually emerge (with concept stocks)
Data from the China Real Estate Research Institute shows that as of the 26th of October, the number of second-hand residential housing transactions in Beijing has reached 12,979 units. It is expected that the total number of transactions in October will exceed 0.016 million units, reaching a new high in 19 months; the actual transaction volume is expected to reach 0.025 million units, the highest in the same period in 8 years.
The new real estate policy is about to be a month old! Peking's second-hand housing transactions hit a new high, while Shenzhen's new home sales exceeded 0.01 million units.
Nearly a month after the comprehensive new real estate policies introduced at the end of September, the policy effects are clearly evident.
Hong Kong stock concept tracking | The State Council Information Office will hold a press conference on promoting the stable and healthy development of the real estate market. Real estate continues valuation recovery (with concept stocks)
The State Council Information Office will hold a press conference at 10:00 on Thursday, October 17, 2024, with Minister of Housing and Urban-Rural Development Ni Hong, as well as officials from the Ministry of Finance, Ministry of Natural Resources, People's Bank of China, and China Banking and Insurance Regulatory Commission, introducing the relevant situation of promoting the stable and healthy development of the real estate market, and answering questions from reporters.
Express News | Notice: The State Council Information Office will hold a press conference on the promotion of the stable and healthy development of the real estate market on the 17th.
DBS: When rationality returns, property management stocks will catch up. China Res Mixc (01209.HK) is the top choice.
DBS's report points out that with the market sentiment returning to rationality, property management stocks will catch up as the industry fundamentals stabilize and the dividend yield becomes attractive. By 2024, the average dividend yield exceeds 4%, and the dividend yield of some financially troubled companies can be as high as 7%, providing a safer alternative with the policy shift. The bank believes that, looking back at history, in the past three speculated policy shifts, property management stocks initially underperformed developer stocks, but the trend reversed within three months. In addition, the bank points out that the state-owned enterprise china res mixc (01209.HK) remains the bank's top pick due to its balanced growth and dividend prospects. As for financially troubled
CICC rates investment in property management stocks in DaHang and target price (table).
CICC published a research report on property management investment ratings and target price as follows: Stock | Investment Rating | Target Price (HK$)Wanwuyun (02602.HK) | Outperform Industry | 21.8 yuanPoly PPT SER (06049.HK) | Outperform Industry | 30.4 yuanChina OVS PPT (02669.HK) | Outperform Industry | 6 yuanGreentown SER (02869.HK) | Outperform Industry | 4.6 yuanSunac Services (01516.HK) | Outperform Industry | 2.2 yuanYongsheng Services (01995.HK)
Express News | Beijing Housing Provident Fund Center: Beijing households with two or more children can now borrow up to 1.6 million yuan for home purchase.
Hong Kong A shares are collectively active! A-share trading volume exceeded 1 trillion in 35 minutes. How do you view this round of "policy big gift package"?
After 35 minutes of trading, the trading volume in Shanghai, Shenzhen, and Beijing has exceeded 1 trillion yuan, up over 400 billion yuan from the previous trading day's volume, with Shanghai's trading volume at 439.2 billion yuan, Shenzhen's at 557.9 billion yuan, and Beizheng 50's at 5.9 billion yuan, breaking the fastest trillion-dollar record in history.
Is a new round of real estate cycle coming? Guangzhou has completely lifted purchase restrictions, and Shenzhen has loosened purchase restrictions and reduced down payment ratios.
The real estate policy environment has entered an unprecedentedly loose stage, the policies in Guangzhou and Shenzhen have strong signaling significance, and have also created favorable conditions for subsequent relaxation of policies in various regions and continued market recovery.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Institutions: Real estate sets tone for "stabilizing and bottoming out", with Guangzhou in first-tier cities possibly being the first to fully lift purchase restrictions.
Ke Rui believes that Guangzhou is the most likely first-tier city to completely lift the purchase restriction, followed by Shenzhen. It is unlikely that Beijing and Shanghai will completely lift the purchase restriction. In addition, first-tier cities' policies such as loan restrictions, sales restrictions, and standardization of ordinary housing are also expected to be optimized and adjusted.
ES SERVICES: INTERIM REPORT 2024
Breaking news: Hong Kong stocks in real estate and property management sectors are booming! Shimao Group surged over 30%, Longhu, Sunac, Vanke rose over 20%.
Mainland real estate stocks expanded their gains in the afternoon. As of the time of publication, Shimao Group soared by 31.15%, leading the mainland real estate stocks with a price of 0.8 Hong Kong dollars; Longfor Group rose by 25.93%, with a price of 11.56 Hong Kong dollars; Sunac increased by 24.37%, priced at 1.48 Hong Kong dollars; China Vanke surged by 21.32%, with a price of 5.69 Hong Kong dollars.
Hong Kong stock concept tracking | Promoting the stabilization of the real estate market and the new real estate financial policies are expected to have a significant impact (with concept stocks)
To promote the stabilization of the real estate market and boost confidence, increase the lending efforts for projects on the "white list".
Hong Kong stock market concept tracking | Existing home loan interest rate cut imminent, real estate sector accelerates stabilization and valuation repair (with concept stocks)
Industry insiders predict that the specific plan for lowering the interest rates on existing housing loans is unlikely to be introduced before the "National Day" holiday.
Express News | Pan Gongsheng: The minimum down payment ratio for the first and second homes nationwide is unified at 15%, and local authorities can independently determine further measures based on this.
Express News | The People's Bank of China: lowering the interest rates on existing housing loans, with an average reduction of about 0.5 percentage points.
Opinion index: The growth of listed physical enterprises has slowed down, and IFM prices have started to "intensify" internally.
The interim report disclosed by listed companies at the end of August shows a continuous slowdown in the industry's scale and revenue growth, making profits more difficult and financial risk control pressure increasing.
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