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Hong Kong stocks movement | Wanwu Cloud (02602) fell over 4% again, the property management Industry enters a stock era. The company will launch a menu-style flexible pricing.
Wanwu Cloud (02602) has fallen more than 4% again, as of the time of writing, it is down 4.3%, reported at HKD 20.05, with a transaction volume of HKD 51.9609 million.
Everything in the cloud is entering the Low Stock Price market, and the property Industry has entered the era of existing stock.
Behind Vanke Property's downward growth is the transition of the Property Industry from an incremental era to a stock era, where property companies begin to acquire the stock market through pricing.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Express News | All things operate with wisdom + low-carbon upgrades in real estate management.
CICC: Maintains Wanwu Cloud 'Outperform Industry' rating with a Target Price of 30.58 HKD.
CICC released a research report stating that it maintains the "outperforming the industry" rating for Wanwu Cloud (02602), Bullish on the company's comprehensive competitive strength across multiple tracks based on Residence, commercial enterprises, Technology, and urban scenarios over a long cycle. The Target Price is HKD 30.58. The profit forecast remains unchanged. The company's Stocks are currently trading at a PE of 9.6 times based on core Net income for 2024, with a projected annual dividend yield of 8.0% based on a 55% dividend payout ratio for the second half of the year. CICC's main points are as follows: The "Butterfly City +" and "Enterprise Service +" strategies continue and are elevated. In terms of "Butterfly City +", the company has achieved scale from 2014 to 2024.
CICC: Maintaining the "Outperform Industry" rating for Wanwu Cloud (02602) with a Target Price of 30.58 HKD.
China International Capital Corporation is Bullish on the long-term multi-track, comprehensive competitive strength based on residence, commercial enterprises, Technology, urban and other scenarios.
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