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Express News | The real estate sector continues to rise, with Nan Shan Holdings hitting the daily trading limit.
Express News | Goldman Sachs forecasts that housing prices in Shanghai and Shenzhen will increase by 15% over the next three years.
China Merchants Shekou (001979): Steady Performance with Improved Industry Ranking
Financial Performance: Revenue carryover declined, pressuring performance; cash flow remained stable. In 2025, due to a reduction in carryover projects and losses from off-balance-sheet joint ventures, China Merchants Shekou's revenue and profits experienced a decline. Total annual revenue amounted to 1,547.28 billion yuan.
China Merchants Shekou (001979): Adequate impairment, solid financial statements, and improving sales trends.
Event: The company released a brief report on its sales performance in March 2026 and recent acquisition of land use rights. In March 2026, the company achieved contracted sales area of 5.463 million square meters and contracted sales value of RMB 17.943 billion.
China Merchants Shekou March Sales Hit 17.9 Billion Yuan
Goldman Sachs: Shanghai and Shenzhen real estate markets may see a turning point by the end of this year.
Gelonghui, April 10 | Goldman Sachs stated that Shanghai and Shenzhen may lead the recovery of China's real estate market. These two cities are expected to bottom out by the end of this year, with the recovery occurring six to twenty-four months earlier than in other first- and second-tier cities. The firm’s model currently predicts that housing prices in Shanghai and Shenzhen will increase by 15% between the end of 2025 and the end of 2028. Goldman Sachs noted that since 2024, improvements in land investment efficiency and higher cash profit margins/return on equity among stronger state-owned developers have driven their valuations to recover from the lows of this cycle. If property prices in these companies’ core markets begin to rise, their valuations will be revised upwards further.