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HSBC Research's investment rating and target price for residential and property management stocks (Table)
HSBC Research released a research report on the investment ratings and target prices of internal housing and property management stocks as follows: Stock | Investment Rating | Target Price Agile Group (03383.HK) | Hold | HK$0.7 C&D Intl Group (01908.HK) | Buy | HK$21.1 China Overseas (00688.HK) | Buy | HK$19.4 China Res Land (01109.HK) | Buy | HK$35.6 China Vanke (02202.HK) | Hold | HK$8 Sunlight REIT (00884.
HSBC Research: China Evergrande domestic debt restructuring positive news may boost market risk appetite and set a precedent for the industry.
HSBC Research published a research report stating that sunac (01918.HK) is promoting domestic debt restructuring. It is reported that the company plans to provide four options to creditors for the domestic bond restructuring plan in order to reduce the size of the domestic bonds by about half, reducing about 15.5 billion yuan RMB. It is believed that the bullish news can enhance market risk appetite. The bank pointed out that financially troubled domestic property developers continue to face tight liquidity issues after the first round of debt restructuring, mainly due to a decrease in contracted sales amounts. The key to the success of future rounds of debt restructuring by domestic property developers lies in whether they can effectively reduce existing debt burdens. It is believed that this time, sunac will
According to reports, the equity of the Gem Flower under Country Garden Life Services is frozen, involving 0.3 billion RMB in capital.
According to the legal disclosure of litigation information on Tianyancha, the country garden living service's subsidiary, Baoshihua Garden living service, recently encountered a freeze on its equity, involving as much as 0.3 billion yuan. The freeze period starts from October 31 of this year and ends on October 30, 2027, to be executed by the People's Court of Shunde District, Foshan, Guangdong Province.
Country Garden (02007.HK) October sales fell by 31.4% year-on-year in the real estate sector.
Country Garden (02007.HK) announced that in October, the total contract sales amounted to approximately 4.33 billion yuan, a year-on-year decrease of 31.4%. The total contracted sales floor area is approximately 0.45 million square meters. The stock will continue to be suspended until further notice.
Country Garden provides enhanced credit guarantees for multiple bonds with 24 assets.
Country Garden Real Estate Group issued an announcement disclosing the progress of related bond credit enhancement measures. The announcement shows that, according to the resolutions of the holders' meeting of H19 Graceful Earth 3, H20 Graceful Earth 3, H20 Graceful Earth 4, H1 Graceful Earth 01, H1 Graceful Earth 02, H1 Graceful Earth 03, H1 Graceful Earth 04 corporate bonds held by Country Garden Real Estate Group Limited in September 2023, the company agreed to provide collateral for the relevant bonds by using a total of 24 assets including land assets, partial or all project company equity held by it or its designated entities, and project company equity income rights.
Country Garden Services to Use Divestment Proceeds to Meet Working Capital Needs
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