No Data
No Data
UBS Group holds a cautious view regarding the report that Vanke (02202.HK) received assistance from the Mainland to fill a funding gap of approximately 50 billion yuan.
UBS Group published a report stating that there are rumors that the central government is preparing a plan to assist Vanke (02202.HK) in filling a funding gap of approximately 50 billion yuan. Of this amount, 20 billion yuan will come from special bonds issued by local governments, which will be used to purchase Vanke's unsold properties and idle land. The bank believes that if the news is true, the 50 billion yuan will be sufficient for Vanke to repay 36 billion and 12 billion yuan of public bonds maturing over the next two years. However, the bank holds a cautious view on this due to uncertainties in execution and conditional government support. The news of acquiring Vanke's inventory and idle land has been announced for some time, but progress has been slow.
Hong Kong stocks are moving unusually | Property management stocks are rising alongside Mainland Real Estate stocks, leading property management companies are continuously expanding their scale, and the Industry is evolving towards Business collaboration
Property management stocks rose along with Mainland Real Estate stocks. As of the time of writing, Wanwu Cloud (02602) increased by 7.21%, trading at 23.05 Hong Kong dollars; EVERG SERVICES (06666) rose by 6.76%, trading at 0.79 Hong Kong dollars; CHINA OVS PPT (02669) increased by 6.12%, trading at 5.03 Hong Kong dollars; CHINA RES MIXC (01209) rose by 5.38%, trading at 31.35 Hong Kong dollars.
Express News | Guolian Minsheng Securities: Focus on property management companies and intermediary platforms that lead in Technology.
MSCI Global Small Cap Index adjustment: includes Yuan Ran Agriculture (09858), JF SMARTINVEST (09636) and excludes SOHO CHINA (00410) and others.
On February 12, MSCI announced the results of the February Index review, with adjustments taking effect after the market closes on February 28.
China Vanke Obtains 2.8 Billion Yuan Loan From Substantial Shareholder
UBS Group reports that Vanke (02202.HK) receiving support from Shenzhen Metro for loans is not unconditional.
UBS Group published a report indicating that Vanke (02202.HK) received a loan from its Shareholder, Shenzhen Metro Group, not exceeding 2.8 billion yuan, with a maturity of three years and an interest rate of 2.34%. It is expected to have a positive impact on Vanke's liquidity situation, reflecting the Shareholder's specific commitment to financing support. The loan-to-value ratio is 70%, higher than the common market range of 30% to 60%, meaning Vanke can borrow more funds against equally valued Assets. This is expected to address part of Vanke's 35 billion yuan public bond maturing this year. In this financing, Vanke used a total of 0.2115 billion shares of Wanwu Cloud (02602.HK).