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China Property Market
20-09-2017, 12:54 AM,
Post: #221
RE: China Property Market
Copied from "aastocks" website on 19 sept 2017 :

Citigroup, in its report, believed that the PRC developer sector's current re-rating is sustainable over the coming years in three stages. The first stage of re-rating, starting from 2H16 to August 2017, has been completed.

The second stage begins from August 2017 to mid-2019. Driven by strong results of developers in 1H17, the broker said the second stage will be boosted by resilient earnings upcycle from 2017 to 2019 and the ROE rebound. After a quicker industry consolidation, robust contracted sales further enhanced the sector visibility in the future.

For the third stage after 2019, valuation multiples will further expand to 10-12x P/E or even higher. The market development will be more mature, as the government’s long-term housing mechanism is largely in place, thus reducing policy uncertainty, etc.

The broker believed that there are 14 PRC developers which are changing the business model now with better valuations, thus raised the target price of the developers by 18% on average.
Citigroup upgraded AGILE GROUP (03383.HK) +0.320 (+2.640%) Short selling $11.67M; Ratio 5.590% to Buy.
Industry top picks are COUNTRY GARDEN (02007.HK) +0.040 (+0.282%) Short selling $76.96M; Ratio 3.980% , LONGFOR PPT (00960.HK) +0.400 (+1.869%) Short selling $15.72M; Ratio 6.628% , CHINA JINMAO (00817.HK) +0.010 (+0.231%) Short selling $7.19M; Ratio 4.131% , R&F PROPERTIES (02777.HK) -0.200 (-0.969%) Short selling $37.14M; Ratio 10.285% , KWG PROPERTY (01813.HK) -0.040 (-0.432%) Short selling $19.82M; Ratio 8.901% and CIFI HOLD GP (00884.HK) +0.090 (+1.804%) Short selling $11.82M; Ratio 6.785% .
(Quote is delayed for at least 15 mins.Short Selling Data as at 2017-09-19 16:25.)

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26-09-2017, 11:01 AM,
Post: #222
RE: China Property Market
just skimming through the closing share prices in today's scmp newspaper ( 26 Sept 2017) , it seems many China property stocks were severely hit by panic selling and some ended the day showing 15% loss.

It seems the cause of panic started after the news of local government authorities in 8 second tier cities had tightened up property transactions by "not allowing re-sale within 2-3 years from purchase". This step may reduce some buying demand but it is not enough to hurt developers profits since the underlying demand for new property continues to exceed the supply.

So Vauebuddies , don't Panic.

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06-10-2017, 08:34 PM,
Post: #223
RE: China Property Market
Looks like the massive Wanda empire is about to get chopped up by the communist party...

http://m.scmp.com/business/companies/art...loan?amp=1
"I love Taiwan"

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11-10-2017, 12:21 PM,
Post: #224
RE: China Property Market
Posted on aastocks website ( date on 10 Oct 2017)

Daiwa, in its report, listed the latest investment ratings and target prices of Chinese developers as follows:

Stock/ Investment Rating/ Target Price (HKD)
CHINA JINMAO (00817.HK) -0.070 (-1.683%) Short selling $8.11M; Ratio 10.593% /Outperform/3.57->4.5
CH OVS G OCEANS (00081.HK) -0.180 (-3.586%) Short selling $181.72K; Ratio 0.978% /Buy/6.15
CHINA OVERSEAS (00688.HK) -0.300 (-1.154%) Short selling $33.96M; Ratio 14.186% /Buy/32.1
CHINA RES LAND (01109.HK) +0.200 (+0.828%) Short selling $47.22M; Ratio 34.003% /Buy/31.2
R&F PROPERTIES (02777.HK) -0.700 (-3.646%) Short selling $25.86M; Ratio 22.257% /Outperform/16.9->21.97
JOY CITY PPT (00207.HK) -0.030 (-2.055%) Short selling $187.86K; Ratio 1.914% /Buy/1.45->1.74
KWG PROPERTY (01813.HK) -0.370 (-4.322%) Short selling $7.03M; Ratio 4.996% /Buy->Outperform/8.07->9.68
LONGFOR PPT (00960.HK) -0.640 (-3.107%) Short selling $8.68M; Ratio 12.139% /Buy/22.3->24.74
SHIMAO PROPERTY (00813.HK) -0.360 (-1.965%) Short selling $13.80M; Ratio 11.888% /Outperform/17.76->20.72
YUEXIU PROPERTY (00123.HK) 0.000 (0.000%) Short selling $912.06K; Ratio 1.909% /Outperform/1.63->1.78

(Quote is delayed for at least 15 mins.Short Selling Data as at 2017-10-10 16:25.)

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