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Express News | The real estate sector continues to show strength with more than ten stocks, including Gemdale Corporation, hitting the limit up.
Gemdale Logs Loss in Q3, Operating Income Climbs 29%; Shares Jump 5%
Gemdale Corporation (600383): The operation side continues to decrease in volume, and the certainty of debt repayment is improving.
The third-quarter performance basically meets our expectations. The company released the performance for Q1-Q3 2024: 1) In the third quarter alone, the company settled a large amount of resources, with a year-on-year revenue growth of 29%, driving the year-on-year decline in the first three quarters (41 billion yuan) to narrow to -22% (1
Third Quarter Report 2024
Policy is bullish, why did the real estate sector fall instead? Public interpretation of the meeting of the Ministry of Housing and Urban-Rural Development and other five departments.
Why did the real estate sector fall despite the bullish news? Discuss the Ministry of Housing and Urban-Rural Development's new policy of 'two increases' that is popular among public funds. Institutions point out that the combination of the Ministry of Housing and Urban-Rural Development meeting and fiscal debt policy reflects the strength of the policies.
Express News | Real estate stocks collectively fell, with gemdale corporation and many other stocks falling by more than 5%.
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