01354 KINGFARPROPERTY
- 23.650
- +1.250+5.58%
KINGFARPROPERTY News
KINGFARPROPERTY: INTERIM REPORT 2024
After a 5-fold surge following the IPO, Evergrande Property (01354) experiences a pullback before the cornerstone shares are unlocked. Will the stock price recede before the lock-up period ends?
There may be more speculative capital participating in the speculation before and after the unlocking of the shares held by the two major cornerstone investors, at which time the volatility of the stock may further increase...
Market Chatter: Hong Kong Rental Property Prices Close to Record High in August
How much you earn is how much you distribute? Hong Kong stock property sector "surprisingly" offers full dividends, with many companies distributing more than 50% of their interim dividends.
①How will the large dividends from Hong Kong property stocks affect the market? ②Which companies have relatively strong short-term performance in the property sector?
Hong Kong stock market fluctuation | Jingfa Property (01354) rose more than 6%, continuing to refresh its high, up 1.4 times from the IPO price, with a 20% increase in net profit in the first half of the year.
Evergrande Property Services Group (01354) surged more than 6%, hitting a new high of 18.02 Hong Kong dollars, surpassing the IPO price of 7.5 Hong Kong dollars by more than 1.4 times. As of the time of writing, it is up 6.59%, trading at 17.8 Hong Kong dollars, with a turnover of 1.1097 million Hong Kong dollars.
HK stocks surged | Jingfa Property (01354) rose more than 14%, breaking through the peak. Net profit in the first half of the year increased by 20% year-on-year, and urban service income increased by 25%.
Evergrande Property Services Group (01354) surged over 14% in the afternoon, reaching a new high of 17.64 Hong Kong dollars since its market debut. As of the time of writing, it has risen by 12.86% to 17.38 Hong Kong dollars, with a turnover of 1.5038 million Hong Kong dollars.
Hong Kong stocks are volatile. Jianfa Property rose more than 11% and approached the previous high. Mid-term profit increased by 23% year-on-year.
On August 27th, Egoo Property (1354.HK) surged more than 11% during trading, reaching HKD 17.12, approaching its highest level since listing. The company announced last night that its total revenue for the first half of the year reached CNY 0.463 billion, a year-on-year increase of 18.57%; the gross margin was CNY 69.65 million, a year-on-year increase of 25%, with a gross margin rate of 15.03%; the net profit for the period was CNY 31 million, a year-on-year increase of 22.95%. As of June 30, 2024, the total contracted construction area of the group was approximately 16.35 million square meters, an increase of 9.36% compared to June 30, 2023.
Everbright Properties (01354.HK) half-year net profit rose by 20% to 29.673 million RMB and no dividend was paid.
Evergrande Property (01354.HK) announced its interim results for the period ending June this year, with revenue of 0.463 billion yuan (same below), an increase of 18.6% year-on-year. Net profit was 29.673 million yuan, a 20% increase year-on-year; earnings per share were 0.59 yuan. No dividend is paid.
The interim profit of Jingfa Property (01354.HK) is approximately 31 million yuan, an increase of 22.95% year-on-year.
On August 26th, Long Hui Property (01354.HK) announced that for the six months ended June 30, 2024, the group's total revenue was approximately 46.333 million RMB, an increase of approximately 18.57% compared to the same period in 2023, which was approximately 39.076 million RMB. The group's gross profit was approximately 6.965 million RMB, an increase of 25.00% compared to the same period in 2023, which was approximately 5.571 million RMB. The group's gross margin was 15.03%, an increase of 0.77% compared to the same period in 2023, which was 14.26%. The group's profit was approximately 31.0 million RMB.
KINGFARPROPERTY: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
Everbright Properties (01354.HK): Liang Ruibing appointed as joint company secretary and authorized representative.
On August 26th, Global Brand Property (01354.HK) announced that Feng Baoting has resigned as (i) Joint Company Secretary; (ii) Company authorized representative as stipulated in Rule 3.05 of the Listing Rules of The Stock Exchange of Hong Kong Limited; and (iii) Company's authorized representative as stipulated in Chapter 622 of the Hong Kong Companies Ordinance to accept legal process documents and notifications on behalf of the company in Hong Kong, effective from August 26, 2024. Liang Ruibing has been appointed as Joint Company Secretary, authorized representative, and legal process agent to replace Feng, effective from August 2, 2024.
Hong Kong stocks are abnormal | Recently listed stock, Jingfa Property, surged 26% to reach a new high during the trading day.
On August 19th, Geelong Hui reported that Jinfawuye (1354.HK) rose as high as 26% and reached a new high of HKD 15, with a total market value once reaching HKD 1 billion during trading. In terms of news, the company plans to hold a board of directors meeting on August 26th to approve midterm performance. It is reported that Jinfawu Property is a state-owned comprehensive urban service and property management service provider in Shaanxi Province. According to data from the China Index Academy, as of December 31, 2023, the company's market share in the managed construction area in Shaanxi Province is approximately 1.8%, ranking third among property management service providers operating in Shaanxi Province in 2023.
Evergrande Property Services Group Limited (01354.HK) plans to hold a board of directors meeting on August 26 to approve the interim performance.
On August 14th, GeLongHui announced that EF Properties (01354.HK) will hold a board of directors meeting on Monday, August 26th, 2024 to consider and approve the company's mid-year performance for the six months ending June 30, 2024, as well as other matters.
KINGFARPROPERTY: NOTICE OF BOARD MEETING
Ke Ruixi: The total financing amount of 65 typical real estate companies in July was 52.346 billion yuan, and the single-month financing scale reached a new high for the year.
Ke Research report states that in July 2024, the total financing amount of 65 typical real estate enterprises was 52.346 billion yuan, an increase of 63.8% month-on-month and a decrease of 9% year-on-year. The monthly financing scale reached a new high since 2024, mainly because Vanke obtained a bank loan of 32.666 billion yuan.
Wuxi AppTec's net income in the first half of the year fell 20% year-on-year; Country Garden's liquidation hearing was postponed and approved by the court.
China Railway Construction Corporation's new contract amount in the first half of the year decreased by about 20%; Fuyao Glass' net income in the first half of the year was nearly 3.5 billion yuan.
Evergrande Property (01354): The stable price period has ended, and there has been no action on stable prices or invalidation of excess rights issue.
Jinfan Property (01354) released an announcement that the global stable price period for sale has ended on July 27, 2024 (...
Hong Kong Market Review | Hong Kong stocks extended losses in the afternoon, with the Hang Seng Tech Index falling 1.52%. Meituan fell more than 4%; Auto stocks fell the most, with Great Wall Motor and Xpeng falling more than 5%.
Hong Kong's three major indexes continued yesterday's decline. By the close, the Hang Seng Technology Index fell 1.52%, the Hang Seng Index and the National Index fell by 0.91% and 0.85%, respectively. The three have hit new lows since their recent adjustments.
Hong Kong stocks anomalous | Evergrande Property Services Group (01354) rose more than 10% in the afternoon, and the stock price reached a new high since listing, rising more than 50% compared to its initial public offering price.
In the afternoon, KWG Living Group (01354) rose by over 10%, peaking at HKD 11.8, a new high since listing and a surge of over 57% compared to the IPO price of HKD 7.5. As of writing, it rose 7.28%, trading at HKD 11.5 with a turnover of HKD 1.926 million.
Jingfa Property (01354.HK) received a shareholding of 1.32 million H-shares from Kaufmann & Company Pan-Asia Limited, worth approximately HKD 9.9 million.
According to the document disclosed by the Hong Kong Stock Exchange on July 17, Kaufmann & Company Pan-Asia Limited increased its shareholding in Jingfa Property (01354.HK) by 1.32 million shares of H shares with an average price of HK$7.5 per share on July 3, valued at approximately HK$9.9 million. After the shareholding, the latest number of shares held by Kaufmann & Company Pan-Asia Limited is 1.32 million shares, and the warehouse ratio has increased from 0.00% to 7.92%. Source of image: Shareholding disclosure of the Hong Kong Stock Exchange
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