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'China OVS PPT' of 'Community' partnered with 'China Construction Technology' for the construction of 'Smart City' in 'Nei Fang'.
China OVS PPT (02669.HK) has signed a strategic cooperation framework agreement with China Construction Technology, and the two parties will conduct in-depth cooperation in the construction of smart communities, urban renewal, and smart city construction. As a leading state-owned enterprise in the property management industry, China OVS PPT's business covers multiple cities in Hong Kong, Macao and the mainland, with a variety of property service scenarios and rich experience in smart operation and maintenance. China Construction Technology has a leading position in the field of new building industrialization. The cooperation between the two parties will help promote the development of smart community construction, property improvement and renovation, and smart city construction.
"Da Hang" Credit Suisse: Multiple communities in Chongqing request a reduction in management fees. If it spreads to more cities, it will put pressure on the profitability of property management stocks.
JP Morgan released a research report pointing out that many homeowners in Chongqing have requested a reduction in management fees since June, and there is an upward trend. Currently, most of the requests have not been successful, and there have been no similar requests in other parts of mainland China. JP Morgan believes that the current impact is still under control, but if this situation spreads to other cities, it may indeed bring profit pressure to property management companies. JP Morgan also pointed out that the process of reducing management fees is not easy, and the gross profit of most property management companies is currently in the middle single-digit low level, so they believe that there is not too much room for adjustment. The bank pointed out that this move may be a means for homeowners to demand that the management company improve their service level.
HTSC: The real estate hold positions ratio continued to decline in Q2 2024. It is recommended to focus on real estate companies with abundant core resources and stable operation.
Real estate positions and concentration of holding positions continued to decline.
Mid-day overview: Hong Kong stocks are consolidating with the Hang Seng Index up nearly 2%; Mainland real estate is booming with Shimao Group up more than 14%.
Network technology rose, JD.com Group rose more than 4%, Meituan, Alibaba, Tencent Holdings, and Kuaishou all rose more than 2%.
Mainland real estate stocks are doing well. Shimao (00813.HK) once rose nearly 23%. China International Capital Corporation: It is necessary to pay attention to whether policies can continue to exert force.
The expectation of a rate cut in the USA is increasing, and the third plenary session will be held next week. Mainland real estate stocks rose this morning. Shimao Group (00813.HK) once rose nearly 23%, up 0.86 yuan, now reported at 0.82 yuan, up 17.14%, with a turnover of 0.113 billion shares and a total capital involvement of 91.0453 million yuan. Seazen (01030.HK) now reported at 1.5 yuan, up 7.91%; Agile Group (03383.HK) now reported at 0.55 yuan, up 7.84%; Greentown China (03900.HK) now reported at 6.58 yuan, up 5.45%. As for the blue chip mainland real estate sector, Longfor Group (00960.HK)
New development in the real estate market! Shenzhen banks confirm that they will only issue mortgages after the principal cap has been reached for personal loans.
Banks will only issue personal housing mortgage loans to housing projects with capped main structures. The relevant regulations will officially take effect from the 5th.
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