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11-09-2018, 07:55 PM
(This post was last modified: 11-09-2018, 07:57 PM by cyclone.
Edit Reason: Changed thread title
)
Hong Kong stocks slump to 14-month low as US-China trade war fears continue to rattle investors
Apple-related stocks fell further after Donald Trump’s tweet urging the California-based iPhone maker to manufacture more products at home
Louise Moon
PUBLISHED : Tuesday, 11 September, 2018, 6:12pm
UPDATED : Tuesday, 11 September, 2018, 6:12pm
Hong Kong stocks closed at their lowest level in 14 months on Tuesday, entering a bear market as investors continued to worry about the escalating US-China trade war.
The Hang Seng Index fell 0.72 per cent, or 190.87 points, to 26, 422.55, its lowest close since July 14, 2017. The Hang Seng China Enterprises Index dropped 0.96 per cent, or 100.46 points, to 10,333.16.
All sub-indexes, bar utilities and telecommunications, were down as the market closed just over 20 per cent lower than the year’s peak at the end of January.
“Market sentiment is still quite cautious, still worrying about the Chinese economy and the trade problem in the US,” said Kenny Tang Sing-hing, chief executive of Jun Yang Securities. “A lot of the larger capped stocks have seen a bad trend – the selling pressure is quite substantial.”
Shares on the mainland hit a 31-month low on similar trade worries. The benchmark Shanghai Composite, which moved into bear territory in late June, slid 0.18 per cent, or 4.69 points, to close at 2,664.80.
More details in https://www.scmp.com/business/markets/ar...-war-fears
Specuvestor: Asset - Business - Structure.
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Deutsche Bank report 21 Nov 2018 ( posted on aastocks website. )
Deutsche bank issued a research report covering the Mainland property industry, pursuant to which the current valuation of Chinese developers is appealing with current price equaling 4.1 times of projected price-to-earnings ratio for the next twelve months and 50% discount of net asset value. The bank believes the current price level has reflected potential price drop already.
The German bank is bullish on stocks with sales growth and relatively faster asset turnover like FUTURE LAND (01030.HK) -0.060 (-1.176%) Short selling $29.02M; Ratio 26.532% and SHIMAO PROPERTY (00813.HK) -0.260 (-1.398%) Short selling $19.10M; Ratio 26.951% .
Deutsche Bank also liked quality Chinese developers, especially medium-cap ones in tier 1 and 2 cities, for example SUNAC (01918.HK) -0.850 (-3.380%) Short selling $125.73M; Ratio 28.528% , KWG GROUP (01813.HK) -0.130 (-1.988%) Short selling $7.51M; Ratio 23.166% and LOGAN PPT (03380.HK) -0.170 (-1.927%) Short selling $28.31M; Ratio 57.124% .
(Quote is delayed for at least 15 mins.Short Selling Data as at 2018-11-23 16:25.)
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There are a number of quality stocks listed in Hong Kong, great time to pick them up! There is a particular stock called Goldpac, suitable for dividend investors.
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(23-11-2018, 08:48 PM)soros Wrote: Deutsche Bank report 21 Nov 2018 ( posted on aastocks website. )
Deutsche bank issued a research report covering the Mainland property industry, pursuant to which the current valuation of Chinese developers is appealing with current price equaling 4.1 times of projected price-to-earnings ratio for the next twelve months and 50% discount of net asset value. The bank believes the current price level has reflected potential price drop already.
The German bank is bullish on stocks with sales growth and relatively faster asset turnover like FUTURE LAND (01030.HK) -0.060 (-1.176%) Short selling $29.02M; Ratio 26.532% and SHIMAO PROPERTY (00813.HK) -0.260 (-1.398%) Short selling $19.10M; Ratio 26.951% .
Deutsche Bank also liked quality Chinese developers, especially medium-cap ones in tier 1 and 2 cities, for example SUNAC (01918.HK) -0.850 (-3.380%) Short selling $125.73M; Ratio 28.528% , KWG GROUP (01813.HK) -0.130 (-1.988%) Short selling $7.51M; Ratio 23.166% and LOGAN PPT (03380.HK) -0.170 (-1.927%) Short selling $28.31M; Ratio 57.124% .
(Quote is delayed for at least 15 mins.Short Selling Data as at 2018-11-23 16:25.)
SHIMAO PROPERTY - sold Shanghai building to CAPL+GIC at replacement cost + sold resi units at land acq cost at Xiamen. only signaling that it want or has to reduce debt.
good thing or not? I dont know.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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It must be a good step by Shimao's Management to reduce debt.
" What is troubling is that despite relatively stable home prices, the foundations behind the housing market are cracking. As the WSJ recently reported, in early December, a group of homeowners stormed the sales office of their Shanghai complex, "Central Washington", whose developer, Shanghai Zhaoping Real Estate Development, was advertising new apartments at a fraction of the prices of the ones sold earlier in the year. One apartment owner said the new prices suggested the value of the apartment she bought from the developer in March had dropped by about 17.5%."
( copied from zerohedge.com website )
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(25-11-2018, 01:00 PM)soros Wrote: It must be a good step by Shimao's Management to reduce debt.
" What is troubling is that despite relatively stable home prices, the foundations behind the housing market are cracking. As the WSJ recently reported, in early December, a group of homeowners stormed the sales office of their Shanghai complex, "Central Washington", whose developer, Shanghai Zhaoping Real Estate Development, was advertising new apartments at a fraction of the prices of the ones sold earlier in the year. One apartment owner said the new prices suggested the value of the apartment she bought from the developer in March had dropped by about 17.5%."
( copied from zerohedge.com website )
I reckon with rising interest rates its game over for property market in hk and possibly china as well. Once the bubble pops and panic selling starts its an impossible to stop downward spiral of deleveraging.
Definitely not a good time to pick up any prop related counters on hkse.
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Some good Final Results for 2018 are being reported by China Property stocks.
Logan ( 3380.HK) EPS = $1.47 + 25% , Div = 75 cts + 82%.
Ch. Overseas ( 0688.HK) , EPS = $4.10 + 110% , Div = 90cts + 11%
Agile Group ( 3383.HK ) EPS = $1.835 +18% , Div $1.00 + 11%
COGO ( 0081.HK) EPS = $0.73 + 37% , Div 11.3 cts + 270%
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29-03-2019, 02:32 PM
(This post was last modified: 29-03-2019, 03:04 PM by soros.)
And some more better results
Greenland HK ( 0337.HK ) EPS = RMB0.61 + 33% Div 20 cts + 33%
Sunac ( 1918.HK ) EPS = RMB 3.79 + +50% , Div = RMB 0.827 +65% ,
Longfor ( 960.HK ) EPS = RMB 2.78 + 28% , Div =RMB 0.99 +30%
Ch. Jinmao ( 817.HK) , EPS = RMB 0.45 + 21%, Div = RMB 0.22 + 22%.
KWG Group (1813) ,EPS = RMB 1.28 + 17%, Div = RMB 0.56 + 36%
Evergrande ( 3333.HK) EPS = RMB 2.84 + 55%, Div = 0 - RMB 1.13 (2017)
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