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huathuat88888 ( Date: 04-Dec-2018 09:26) Posted:
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Sales at China&rsquo s top developers plunge in November as property market stares at year of recession
PUBLISHED : Wednesday, 05 December, 2018, 6:48am
UPDATED : Wednesday, 05 December, 2018, 6:48am
Two of China&rsquo s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession grows larger.
China Evergrande, the country&rsquo s third-largest property developer by sales, reported on Tuesday that contracted sales declined 29 per cent to 34.1 billion yuan (US$5 billion) in November from a year earlier, a day after Country Garden Holdings, the nation&rsquo s biggest developer, posted sales drop of 16 per cent to 33.8 billion yuan.
Country Garden had reduced prices in two cities during the National Day holiday week beginning October 1 as part of a marketing strategy to capitalise on the traditional peak season for property sales. But this led to protests from angry buyers who had paid full price before the discounts were announced.
Evergrande has also slashed prices at some of its new projects in September and October, offering discounts up to 26 per cent of the value of flats.
&ldquo The significant price cut has done serious damage to the developer [Country Garden],&rdquo said Alan Jin, property analyst at Mizuho Securities.
It was the second time that Country Garden posted a decline in sales, with August&rsquo s takings falling 8 per cent to 31.33 billion yuan from a year earlier.
PUBLISHED : Wednesday, 05 December, 2018, 6:48am
UPDATED : Wednesday, 05 December, 2018, 6:48am
Two of China&rsquo s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession grows larger.
China Evergrande, the country&rsquo s third-largest property developer by sales, reported on Tuesday that contracted sales declined 29 per cent to 34.1 billion yuan (US$5 billion) in November from a year earlier, a day after Country Garden Holdings, the nation&rsquo s biggest developer, posted sales drop of 16 per cent to 33.8 billion yuan.
Country Garden had reduced prices in two cities during the National Day holiday week beginning October 1 as part of a marketing strategy to capitalise on the traditional peak season for property sales. But this led to protests from angry buyers who had paid full price before the discounts were announced.
Evergrande has also slashed prices at some of its new projects in September and October, offering discounts up to 26 per cent of the value of flats.
&ldquo The significant price cut has done serious damage to the developer [Country Garden],&rdquo said Alan Jin, property analyst at Mizuho Securities.
It was the second time that Country Garden posted a decline in sales, with August&rsquo s takings falling 8 per cent to 31.33 billion yuan from a year earlier.
Low vol sell down
High vol buy up
Accumulation mode
huathuat88888 ( Date: 25-Nov-2018 19:15) Posted:
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Ask yourself an honest question : What will happen to all the property developers if China Gov ban presales of property develpoment ?
consider very fortunate if it still pays 6.8 cts, as for its share px, steady but unlikely to go up
huathuat88888 ( Date: 28-Nov-2018 19:53) Posted:
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Next Qtr if results consistent may give 6.8 cts dividend again or maybe even more.
HK Macau Zhuhai Bridge. New Policies from Beijing soon to spruce up the region there.
Hold Buy Yanlord and Ho Bee.
Hold Buy Yanlord and Ho Bee.
stockist75 ( Date: 28-Nov-2018 10:32) Posted:
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Looks good for breakthrough and uptrend
Beijing will announce pre sales is prohibited soon , and all hell break loose !
runaway ( Date: 28-Nov-2018 07:42) Posted:
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This space is unusually quiet for 2 days.
Whenever there is a negative comment about Yanlord, you see the Huats rushing in to defend it.
What has happened? and when is the Super Big News from Beijing?
Results are good. It is a fact.
Share is down 40% since January this year. It is also a fact.
This is a fact:
Yanlord and Vanke (China No 3 according to a post here) have some similarities:
1. Both are property players in China
2. Both counters peaked in January this year
and then headed south with no rebound till today.
3. Both have lost some 35-40% since January.
Is this a sign of of weakness and imminent melt-down in China property stocks?
Share is down 40% since January this year. It is also a fact.
This is a fact:
Yanlord and Vanke (China No 3 according to a post here) have some similarities:
1. Both are property players in China
2. Both counters peaked in January this year
and then headed south with no rebound till today.
3. Both have lost some 35-40% since January.
Is this a sign of of weakness and imminent melt-down in China property stocks?
huathuat88888 ( Date: 25-Nov-2018 21:44) Posted:
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Pls read my postings.
I hold neither SIA, nor YanLord, nor Oxley, nor Noble.
In Chinese saying 旁 观 者 清 。
If I were to pick one from the above to invest, it is SIA.
I hold neither SIA, nor YanLord, nor Oxley, nor Noble.
In Chinese saying 旁 观 者 清 。
If I were to pick one from the above to invest, it is SIA.
huathuat88888 ( Date: 25-Nov-2018 21:28) Posted:
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Dont be misled by retailers "holding a grudge" and spreading nonsense.
Yanlord Spectaclar Results speak for itself.
Soon, there will be super big news from Beijing.
Hold on to both Ho Bee and Yanlord.
Yanlord Spectaclar Results speak for itself.
Soon, there will be super big news from Beijing.
Hold on to both Ho Bee and Yanlord.
andyteoch ( Date: 13-Nov-2018 20:54) Posted:
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So your vested stock SIA .
Was $ 11.58. Now $9.52.
You are betting the wrong horse too ?
LOL
Was $ 11.58. Now $9.52.
You are betting the wrong horse too ?
LOL
runaway ( Date: 25-Nov-2018 20:59) Posted:
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run !!
Your wallet is always right.
If your money is diminishing, you are betting on the wrong horse.
If your money is diminishing, you are betting on the wrong horse.
so whois rite who is wrong
Yanlord and Vanke (China No 3 according to a post here) have some similarities:
1. Both are property players in China
2. Both counters peaked in January this year
and then headed south with no rebound till today.
3. Both have lost some 35-40% since January.
Is this a sign of of weakness and imminent melt-down in China property stocks?
China&rsquo s property bear market to continue as sentiments deteriorate, analysts say
https://sc.mp/avgis
https://sc.mp/avgis
&ldquo It&rsquo s like investing in stocks. When prices fall you want to hold on to them for a while in hope of rally. But it usually ends with a deeper decline. So it&rsquo s better to exit early with managed losses.&rdquo
Established China Property Stocks Consistent wih Spectacular Resuts.
HONG KONG, China Vanke , the nation?s No. 3 property developer by sales, said on Thursday third-quarter core profit rose 39.7 percent due to strong revenue growth and improved margins.
Core profit, which excludes revaluation gains and non-recurring items, rose to 4.85 billion yuan ($698.32 million) in the July-September quarter. Net profit rose 28.3 percent to 4.86 billion yuan, Vanke said in a statement.
Revenue was up 48.1 percent.
HONG KONG, China Vanke , the nation?s No. 3 property developer by sales, said on Thursday third-quarter core profit rose 39.7 percent due to strong revenue growth and improved margins.
Core profit, which excludes revaluation gains and non-recurring items, rose to 4.85 billion yuan ($698.32 million) in the July-September quarter. Net profit rose 28.3 percent to 4.86 billion yuan, Vanke said in a statement.
Revenue was up 48.1 percent.
huathuat88888 ( Date: 25-Nov-2018 19:15) Posted:
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