Hong Kong Market Brief | The three major indexes stopped falling and rebounded, with the Tech Index rising over 1%; technology and auto stocks performed well, with JD.com rising nearly 2% and Evergrande Auto increasing by nearly 75%.

Many Network Technology stocks are rising, JD-SW is up 1.80%, KUAISHOU-W is down 1.67%; Dining stocks are climbing, Little Garden is up 8.14%, HAIDILAO is up 6.14%; Building Materials stocks are all rising, ENVIRO ENERGY is up 19.64%, CONCH CEMENT is up 4.60%.

Futu NewsMar 26 16:27

HSBC Research indicates that the performance of domestic property management stocks meets expectations, raising the Target Price for GREENTOWN SER (02869.HK) and SUNAC SERVICES (01516.HK).

The HSBC research report indicates that the performance of mainland property management stocks meets expectations. Amidst challenges in growth and pressure on gross margins, attractive dividends have become a highlight. Meanwhile, cash collection also remains a focal point and still has room for improvement. The report states that GREENTOWN SER (02869.HK) has improved net profit to offset the slowing growth, while SUNAC SERVICES (01516.HK) has stable dividends, reflecting a signal of hitting the bottom. The report adjusts GREENTOWN SER's earnings forecasts for the next two years down by 13% and 15% respectively, believing that the earlier optimism was excessive. The adjusted forecast implies a year-on-year earnings growth of 12% to 14% from this year to 2027. As for SUNAC SERVICES.

AASTOCKSMar 26 14:15

Rating from major banks｜Bank of China International: Raised GREENTOWN SER Target Price to HKD 4.8, last year's performance exceeded expectations and Cash / Money Market flow is stable.

On March 26, Gelonghui reported that Bank of China International stated that GREENTOWN SER's revenue is expected to grow by 6.4% year-on-year to 17.9 billion yuan in 2024, which is 3.9% lower than the bank's estimate, partly due to the revenue from terminated Business not being included in total revenue. The gross margin increased by 0.4 percentage points from 16.4% in 2023 to 16.8%. Excluding one-time losses from investments, GREENTOWN SER's core Net income grew by 13.4% year-on-year to 0.861 billion yuan, which is 3.1% higher than the bank's estimate and 10.9% higher than market consensus. The company announced the distribution of a final dividend and a special dividend, raising the payout ratio to 75.

Gelonghui FinanceMar 26 13:21 · Ratings

Hong Kong stock market midday review | The three major Indexes all rose, with the technology index up 0.79%; Dining and Semiconductors stocks performed brilliantly, with HAIDILAO rising nearly 7% after its earnings report, and SHANGHAI FUDAN increasing mo

Network Technology stocks rose, JD-SW gained 1.43%, Baidu-SW increased by 1.25%; Dining stocks generally performed well, HAIDILAO rose by 6.99%, and Xiao Cai Yuan increased by 5.23%; Semiconductor stocks were up, SHANGHAI FUDAN rose by 7.32%, and SOLOMON SYSTECH gained 4.35%.

Futu NewsMar 26 12:11

Goldman Sachs raised the Target Price of GREENTOWN SER (02869.HK) to 5 yuan and maintained the "Buy" rating.

Goldman Sachs published a report indicating that GREENTOWN SER (02869.HK) has performance for the fiscal year 2024 generally in line with expectations, with revenue, core EBIT, and net profit increasing by 7%, 22%, and 30% year-on-year respectively. Additionally, a dividend per share of 0.2 yuan was declared, with a payout ratio of 75%, up 2 percentage points year-on-year, and a dividend yield of 5%. Furthermore, 0.9% of the total share capital will be repurchased in 2024. The bank has raised its earnings forecasts for GREENTOWN SER by an average of 2% for 2025 to 2027, maintaining a "Buy" rating, and increased the Target Price from 4.8 yuan to 5 yuan.

AASTOCKSMar 26 11:32

Hong Kong stocks fluctuated | Property management stocks had the highest gains, CHINA RES MIXC (01209) surged 8% after earnings, Institutions indicate that the Sector is expected to deliver sustainable high dividends.

Property management stocks are seeing significant gains. As of the time of writing, CHINA RES MIXC (01209) is up 8.67%, trading at HKD 33.85; WANWU CLOUD (02602) is up 4.85%, trading at HKD 23.8; POLY PPT SER (06049) is up 4.41%, trading at HKD 31.95; YONGSHENG SER (01995) is up 4.33%, trading at HKD 2.17; GREENTOWN SER (02869) is up 3.67%, trading at HKD 4.24.

Zhitong FinanceMar 26 10:59