CITIC SEC: Quality and price matching may become a direction encouraged by policy. The property Sector has significant upward elasticity in the future.
The bank suggests that investors pay attention to the policy turning point in the Property Service Sector.
We Think Greentown Service Group's (HKG:2869) Robust Earnings Are Conservative
Hong Kong stocks fluctuated | Property management stocks had the highest gains, CHINA RES MIXC (01209) surged 8% after earnings, Institutions indicate that the Sector is expected to deliver sustainable high dividends.
Property management stocks are seeing significant gains. As of the time of writing, CHINA RES MIXC (01209) is up 8.67%, trading at HKD 33.85; WANWU CLOUD (02602) is up 4.85%, trading at HKD 23.8; POLY PPT SER (06049) is up 4.41%, trading at HKD 31.95; YONGSHENG SER (01995) is up 4.33%, trading at HKD 2.17; GREENTOWN SER (02869) is up 3.67%, trading at HKD 4.24.
Hong Kong stocks movement | GREENTOWN SER (02869) rose over 3% as annual profit attributable to Shareholders increased by nearly 30% year-on-year, with the Basic Property Sector effectively driving overall revenue growth.
GREENTOWN SER (02869) rose over 3%, as of the time of writing, it increased by 3.67%, priced at 4.24 Hong Kong dollars, with a transaction amount of 18.5105 million Hong Kong dollars.
Hong Kong Property: In March, the number of Residence registrations in Hong Kong is expected to reach 5,000 cases, setting a new four-month high.
As of the 24th of this month, Hong Kong's Residence properties (including first-hand private housing, second-hand private housing, and second-hand public housing) have recorded 3,974 registrations.
Greentown Service Group Posts 30% Higher Profit
Hong Kong Stock Morning Report|Our country will implement comprehensive measures to expand consumption. Most China Concept Stocks are down.
1. The country will implement comprehensive measures to expand consumption; the new policy on consumer loans allows for the personal consumption loan self-payment cap to be increased from 0.3 million yuan to 0.5 million yuan in stages. 2. Trump and the U.S. Secretary of Defense made speeches stating that Russia and Ukraine will soon achieve a complete ceasefire. 3. The three major U.S. stock indices rose last Friday, while most China Concept Stocks declined. 4. Speculative traders have shifted to Put the dollar for the first time since Trump's victory.
CICC: Maintain GREENTOWN SER (02869) "Outperform Industry" rating with a Target Price of HKD 5.56.
If the company adjusts properly, the impact of one-time gains and losses on the net income in the statements is expected to gradually weaken, further promoting the release of profits.
Hong Kong stock announcement selection | GREENTOWN SER profits increase by nearly 30% in 2024, TCL ELECTRONICS annual Net income increases by approximately 137% year-on-year.
① How will GREENTOWN SER's profit increase by nearly 30% in 2024, and how is the revenue performance? ② TCL ELECTRONICS' annual Net income increased by approximately 137% year-on-year, what is the scale?
GREENTOWN SER (02869.HK) reported an annual profit attributable to shareholders of 0.785 billion yuan, a year-on-year increase of 29.7%.
On March 21, Glonghui reported that GREENTOWN SER (02869.HK) announced that for the year ending December 31, 2024, the company's revenue reached RMB 18,527.8 million, an increase of 6.5% year-on-year. The gross margin was 17.3%, up 0.5 percentage points from 16.8% for the full year of 2023. The profit attributable to equity Shareholders was RMB 785.1 million, an increase of 29.7% compared to the full year of 2023. The Board of Directors proposed a final dividend for 2024 of HKD 0.13 per share and a special dividend of HKD 0.07 per share (2023: final dividend of HKD 0.150 per share.
GREENTOWN SER (02869) will pay a final dividend of HKD 0.13 per share on July 9.
GREENTOWN SER (02869) announced that the company will distribute dividends on July 9, 2025, for the period ending December 2024...
Express News | Greentown Service Group Co Ltd - Final Dividend of HK$0.13 per Share and a Special Dividend of HK$0.07 per Share
Express News | Greentown Service Group FY Pretax Profit RMB 1,188.2 Million
Express News | Greentown Service Group FY Gross Margin 17.3%
Express News | Greentown Service Group FY Net Income RMB 867.4 Million
Express News | Greentown Service Group FY Core Operating Income RMB 1,587.5 Million
Express News | Greentown Service Group FY Gross Profit RMB 3,196.7 Million
Express News | Greentown Service Group FY Revenue RMB 18,527.8 Million
GREENTOWN SER: ANNOUNCEMENT OF FINAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
Hong Kong Property: It is expected that the overall property registration volume in Hong Kong will rise to 5,000 cases in March.
According to Wang Pindi, Director of the Research Department of Hong Kong Real Estate, data from the Land Registry shows that as of this month (up to the 17th), Hong Kong has recorded a total of 2,908 property registrations (including new private residences, second-hand Residences, new public housing, commercial shops, pure parking spaces, and Other non-residential properties), an increase of approximately 16.6% compared to 2,493 registrations in the same period last February.