UBS Group: Property owners in first-tier and key second-tier cities in mainland China have increased bargaining power, and it is expected that private enterprises will have difficulty recovering in the short term.
Lin Zhenhong, head of Real Estate research for UBS Group Investment Bank in the Asia-Pacific and Greater China regions, stated that the second-hand transaction volumes in first-tier and core second-tier cities in Mainland China have remained at a relatively high level after the Lunar New Year, with owners' bargaining power strengthening, and it is expected that housing prices will continue to stabilize. As for second-tier cities, they are still in the inventory reduction phase, and it is anticipated that they will not reach lower levels until the fourth quarter. Lin Zhenhong believes that private enterprises in Mainland China will find it difficult to recover in the short term because currently the capital threshold for land acquisition has risen, and funds need to be sourced from their own capital or through public bond issuance domestically and internationally; however, private enterprises struggle to obtain funding from the market without collateral. Regarding the upcoming performance announcements of dome
Hong Kong stocks are experiencing fluctuations | Mainland Real Estate stocks have collectively declined. Recently, many real estate companies have issued profit warnings, and the new construction activities of these companies remain at a low level.
Mainland Real Estate stocks collectively fell; as of the time of writing, SUNAC (01918) dropped by 5.46%, trading at 1.73 HKD; SEAZEN (01030) decreased by 5.15%, trading at 2.21 HKD; AGILE GROUP (03383) fell by 4.76%, trading at 0.6 HKD.
Last week, the year-on-year growth rate of new home sales volume continued to decline, Mainland Real Estate stocks fell broadly, and SUNAC (01918) dropped 4.92%.
Jinwu Finance | Mainland Real Estate stocks fell across the board, SUNAC (01918) fell 4.92%, SEAZEN (01030) fell 3.86%, RADIANCE HLDGS (09993) fell 3.11%, CHINA JINMAO (00817) fell 3.01%, YUEXIU PROPERTY (00123) fell 2.56%, R&F PROPERTIES (02777) fell 2.38%, GREENTOWN CHINA (03900) fell 2.27%, ZHONGLIANG HLDG (02772) fell 2.04%, SINO-OCEAN GP (03377) fell 1.96%, C&D INTL GROUP (01908) fell 1.91%. Zhongtai International report.
Hong Kong Stock Afternoon Commentary | The three major Indexes show mixed gains and losses, the Science and Technology Index fell nearly 1%; Gold and Robot Concept performed impressively, with Old Puhua Gold rising over 6%, and Yuenjiang rising over 12% t
Network Technology stocks fell, Baidu Group-SW dropped by 3.87%, MEITUAN-W fell by 1.97%; Lithium Battery stocks rose, LEOCH INT'L increased by 5.66%, BYD Company rose by 3.29%; Photovoltaic Power stocks weakened, FUYAO GLASS fell by 3.57%, XINYI GLASS dropped by 0.97%.
Hong Kong stocks movement | SUNAC (01918) fell more than 5% in the morning after the company recently issued a profit warning, expecting an annual loss attributable to Shareholders of approximately 25.5 billion yuan to 26 billion yuan.
SUNAC (01918) fell over 5% in the morning, as of the time of writing, down 5.46%, at 1.73 Hong Kong dollars, with a turnover of 0.408 billion Hong Kong dollars.
Hong Kong stocks are fluctuating | Mainland Real Estate stocks are generally falling. Statistics Bureau: The number of cities with declining housing prices in 70 cities nationwide increased in February.
On March 19, according to Gelonghui, Mainland Real Estate stocks in Hong Kong fell broadly, with SUNAC down by 6%, SEAZEN, CHINA JINMAO down nearly 4%, R&F PROPERTIES, AGILE GROUP down over 3%, YUEXIU PROPERTY, GREENTOWN CHINA, LOGAN GROUP, and COUNTRY GARDEN all declining. In terms of news, the Statistics Bureau recently announced the national housing prices for 70 cities, showing that in February 2025, the number of cities with a month-on-month increase in new home prices was 18, a decrease of 6 cities from the previous month; there were 45 cities with declining prices, accounting for approximately 64%. In the case of second-hand home prices, only 3 cities saw month-on-month increases, a reduction of 4 cities from the previous month; there were 65 cities with declining prices.
Brokerage morning meeting highlights: The effect of the real estate market stabilizing after the decline may gradually become apparent, and the Industry valuation may rise.
At today's Brokerage morning meeting, HTSC proposed that the enhancement of Technology attributes may elevate the valuation levels of symbols related to the gaming Industry; Soochow believes that the short-term adjustment in the Construction Machinery Sector does not change the positive trend for the entire year; Galaxy Securities stated that the effects of the real estate market stabilizing may gradually become apparent, and the Industry valuation may rise.
The China Real Estate Association will hold a housing market situation report meeting and a corporate seminar for two consecutive days starting next Thursday.
The China Real Estate Association announced that it will hold a real estate market situation report meeting and a symposium for national first-class qualification real estate development enterprises next Thursday (27th) to next Friday (28th) in Peking, aiming to help developers understand market trends and explore new models for Real Estate Development in order to drive the market to stabilize and recover.
Express News | China Real Estate Association: A conference on the real estate market situation report for 2025 and a seminar for national Class 1 qualified real estate development enterprises will be held on March 27-28.
S&P Global Market Intelligence has listed the top ten shorted Hong Kong stocks recently.
S&P Global Market Intelligence listed the ten most shorted stocks in Hong Kong as of last Friday (March 14). The data is calculated based on the securities financing dataset from S&P Global Market Intelligence. The indicator for short selling (short ratio) is calculated as the percentage of borrowed shares to issued shares.
Sunac China Projects Wider Loss For 2024
Selected Announcements | Kingdee International's revenue last year was 6.256 billion yuan, up about 10.2% year on year; China Tower's net profit in 2024 increased by about 10%
① China Tower's net profit will increase by about 10% in 2024. How big is it? ② Sunac China's annual loss may exceed 25 billion yuan. How are other housing companies performing?
Hong Kong stock morning report | The Ministry of Commerce will organize the pilot reform of the Autos circulation Consumer. The Chinese concept stock Golden Dragon Index closed at a 37-month high.
① The Ministry of Commerce stated that it will organize a pilot program for reforms in Autos circulation Consumer. ② OECD has lowered its Global economic growth forecast. ③ USA investment bank Lazard: It is expected that under inflationary pressure, the Federal Reserve will not cut interest rates in 2025. ④ Tesla China launched a free FSD experience event: lasting for 1 month.
Sunac China Sees 2024 Loss CNY25.5B-Loss CNY26.0B >1918.HK
Sina News reports that Sunac (01918.HK) expects its losses for last year to increase significantly to as much as 26 billion yuan.
SUNAC (01918.HK) issued a profit warning, expecting to record a loss of between 25.5 billion to 26 billion yuan Renminbi for the year ending December last year, compared to a loss of approximately 7.97 billion yuan Renminbi in the same period of 2023. This amount includes some of the gains from domestic debt restructuring realized last year. The group indicated that the loss expanded during the period, mainly due to the impact of market downturn, resulting in a significant decrease in recognized revenue while simultaneously making provisions for asset impairment and contingent liabilities. The year-on-year increase in loss is mainly attributed to gains from overseas debt restructuring recorded last year; excluding the impact of debt restructuring gains, the loss for the last year is expected.
Express News | SUNAC: It is expected that the loss attributable to owners for 2024 will be between 25.5 billion yuan and 26 billion yuan.
SUNAC: DATE OF BOARD MEETING
SUNAC: PROFIT WARNING
Express News | According to information from HKEX, the shareholding ratio of South Dakota Trust Company LLC (the trustee of Mr. Sun Hongbin's family Trust) in SUNAC has decreased from 29.82% to 27.67% as of March 12.
Ke Rui Real Estate Research: It is expected that in the first half of the year, major cities will see more Bullish Signals in housing prices.
Kerry Real Estate Research states that thanks to a series of measures such as boosting Consumer spending and stabilizing Asset prices, the housing prices in large and medium-sized cities will welcome more Bullish Signals, and the warmth of the new housing price Index will also accelerate its transmission to the second-hand housing market.