Express News | Regulation is discussing urging commercial banks to speed up loans to real estate whitelist projects
Lu Shang Service (02376.HK): Wang Zhongwu resigns as general manager of the company
Gelonghui, April 26, 丨 Lu Shang Service (02376.HK) announced that the board of directors received the resignation report of Mr. Wang Zhongwu, executive director, chairman and general manager of the company on April 26, 2024. Due to the work schedule, Mr. Wang will no longer be the general manager of the company, effective April 26, 2024. Following his resignation as general manager, Mr. Wang continued to serve as Executive Director of the Board, Chairman of the Board, Member of the Remuneration Committee, and Chairman of the Strategy and ESG Committee. Mr. Liu Jiapeng, the company's deputy general manager, will temporarily assume the role of general manager until the board of directors appoints a new general manager. The company will select and appoint a new general manager as soon as possible in accordance with legal procedures.
魯商服務:2023年報
Express News | CITIC Securities: Currently, sector valuations are low. I am optimistic about property service companies that are fundamentally oriented and continue to increase their dividends
Performance is polarized, is your residential property OK?
High-quality property companies that have returned to the cash cow logic at this stage may be able to regain the favor of fundamental investors through steady management and high dividends; for investors with higher risk appetite, those property companies that continue to make progress in expanding and cultivating value-added businesses with third parties may also have a high value of attention.
First time! Interest rates on new mortgages issued in March were lower than corporate loans. What is the signal?
For the first time on record, the inversion between personal housing loan interest rates and corporate loan interest rates has come to an end.
There have been structural changes in the market! What happened to the weakening of Hong Kong real estate stocks and insurance stocks?
Analysts believe that the rise in crude oil and gold reflects the geographical situation. The market anticipates that Iran may launch an attack on Israel this weekend; if China's treasury bonds rise sharply, MLF interest rates may be lowered next Monday; while in the equity market, the most reassuring currently is still Vanke. The insurance sector, which has a high correlation between underlying assets and real estate, is also being impacted as a result.
Express News | All prefecture-level cities and above have established real estate financing coordination mechanisms
Express News | CITIC Securities: Subsequent long-term bond interest rates or low, strong fluctuations, medium- and short-term coupon interest strategies may be relatively stable
Intraday Overview | The three major indices collectively weakened, the Tech Index fell more than 1%, Tencent reversed the market and rose more than 2%, and the stock price returned to the HK$300 mark
Most Technology Network stocks weakened, Baidu fell more than 4%, Bilibili, JD, Xiaomi, and Ali fell about 2%, and Meituan fell nearly 1%; property management stocks strengthened; Poly Property rose nearly 13%, Greentown Services rose more than 12%, and China Resources Vientiane Life rose nearly 8%.
Express News | Industry news: Purchase restriction policies in non-core areas of first-tier cities may be lifted
Lushang Service (02376.HK) annual profit of about 40.3 million yuan decreased by about 48.7% year-on-year
On March 22, GLONGHUI | Lu Shang Service (02376.HK) announced that for the year ended December 31, 2023, the Group's total revenue was approximately RMB 621.0 million, a year-on-year decrease of about 1.1%. The Group's profit was approximately RMB 40.3 million, a year-on-year decrease of approximately 48.7%. The Board of Directors never recommended the payment of any final dividend for the year. As of December 31, 2023, the Group's construction area under management was 23.1 million square meters, an increase of 1.0% over December 31, 2022.
魯商服務:截至2023 年12 月31 日止年度全年業績公告
Lushang Service (02376.HK) will hold a board meeting on March 22 to approve the annual results
Gelonghui March 12 | Lu Shang Service (02376.HK) issued an announcement. The board meeting will be held on March 22, 2024 to consider and approve the annual results and announcements of the company and its subsidiaries for the year ended 31 December 2023, and to consider recommending payment of a final dividend (if any).
LUSHANGSERVICES: NOTICE OF BOARD MEETING
The scale of housing companies' financing declined in February. What happened?
This year's government work report and Minister of Housing and Construction Ni Hong emphasized once again at a press conference on the subject of people's livelihood that support should be treated equally for real estate companies with different forms of ownership.
Big news for the property market! Guangzhou: Existing houses are leased or listed for sale. If you buy a house with a construction surface of more than 120 square meters, you can proceed as the first one
As the effects of core city policies introduced earlier become more apparent, expectations and confidence in the real estate market are expected to gradually recover.
Sales of the top 100 housing enterprises plummeted in February, and the media in charge of the Ministry of Housing and Construction called for a “rational view”
China Construction News published an article stating that the current overall real estate market trend will be biased based only on partial data from the top 100 housing enterprises. Further analysis and judgment should be made based on the situation of new and second-hand housing, the top 100 housing enterprises, and other housing enterprises.
Express News | Urban Real Estate Financing Coordination Mechanism Work Video Dispatch Conference: Cities at prefectural level and above should establish financing coordination mechanisms by March 15
Everbright Securities: Stable property fundamentals, slow release of risk factors, seize lower sector allocation opportunities
Property fundamentals are stable, risk factors are mitigated, and opportunities at the bottom of the sector are seizing allocation opportunities.
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