06666 EVERG SERVICES
- 0.570
- +0.060+11.76%
EVERG SERVICES News
Exclusive|Relevant Departments Assess Housing Enterprises and Real Estate Market Situation, and the Housing Association convened discussions with some companies
① The reporter learned that the China Housing Association recently organized discussions with some housing enterprises to conduct research and exchange on the market and business operations. People from relevant government departments attended the meeting. ② At this meeting, various housing enterprises exchanged views based on their own circumstances and some of the difficulties they have encountered. Some companies talked about the progress of debt conversion, while others mentioned situations such as the implementation of the white list.
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
恒大物業：2023年度報告
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.
Express News | Evergrande Real Estate has been enforced for 640 million yuan, and the cumulative execution has exceeded 58 billion
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.
Changes in Hong Kong stocks | Property management stocks have declined across the board, and some housing enterprises have been downgraded, and agencies say common problems in the property management industry have not been clarified
Property management stocks declined today along with domestic housing stocks. As of press release, Wanwuyun (02602.HK) fell 5.13% to HK$17.4; Ya Life Services (03319.HK) fell 4.01% to HK$2.87; Country Garden Services (06098.HK) fell 3.35% to HK$4.61; and Evergrande Properties (06666.HK) fell 3.03% to HK$0.48.
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
Evergrande Property Services Group's Net Profit Rises in 2023
Evergrande Property Services Group's (HKG:6666) net profit attributable to owners rose to 1.54 billion yuan in 2023 from 1.42 billion yuan in the year prior, according to a filing with the Hong Kong b
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
Selected announcements | NIO lowered its delivery forecast for the first quarter to 30,000 vehicles; China Electric Power's hydropower sales increased by more than 80% during the year
China Life Insurance: 2023 net profit of 46.181 billion yuan, a year-on-year decrease of 30.7%; China Exemption: 2023 net profit of 6.79 billion yuan, up 32.77% year on year; Nai Xue's Tea: 2023 net profit of 13.2.24 million yuan, turning a year-on-year loss into a profit.
Evergrande Property (06666.HK) net profit of about 1,564 billion yuan in 2023 increased by about 5.8% year-on-year
On March 27, Ge Longhui | Evergrande Property (06666.HK) announced that for the year ended December 31, 2023, the Group's revenue was approximately RMB 12,486.5 million, an increase of about 5.7% over the previous year. The Group's gross profit was approximately RMB 3,108.4 million, up about 14.3% year on year, and gross margin was about 24.9%, up about 1.9 percentage points year on year. The Group's net profit was approximately RMB 1,563.8 million, up about 5.8% year on year, and the net interest rate was about 12.5%, which was basically the same as in 2022. As of December 31, 2023, the Group General
Express News | Evergrande Property's revenue for the full year of 2023 was 12.49 billion yuan, compared to 11.81 billion yuan in the same period last year.
EVERG SERVICES: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
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%.
What impact will Evergrande's withdrawal of its application for bankruptcy protection in the US court have on its debt restructuring?
Attorney Wang Yuchen believes that if Evergrande withdraws the bankruptcy protection application, its debt restructuring will be suspended as a result, which is equivalent to reversing Evergrande's previous coordination with creditors and various other entities and corresponding restructuring plans.
Express News | Industry news: Purchase restriction policies in non-core areas of first-tier cities may be lifted
Evergrande's sudden outbreak! Withdrawal of overseas debt restructuring application
On March 24, China Evergrande issued a voluntary announcement. The company previously disclosed that it had applied to the US court for recognition of the overseas debt restructuring plan in accordance with Chapter 15 of the US Code. The company, Jingcheng and Tianji have applied to the US court to recognize their respective overseas debt restructuring agreements in Hong Kong or the British Virgin Islands.
Evergrande Properties (06666.HK) appoints Hu Xu as Joint Company Secretary
Gelonghui March 22 | Evergrande Property (06666.HK) announced that Mr. Fang Jiajun has resigned from the position of company secretary and authorized representative to spend more time dealing with his other affairs and developments, effective from March 22, 2024. The board of directors also announced the appointment of Mr. Hu Xu and Mr. Zheng Chengjie as the company's joint company secretary and Mr. Zheng as the company's authorized representative, effective from March 22, 2024.
Analysis
Price Target
No Data
