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CN Homebuilders & Property Managers Hike; CG, SINO-OCEAN, CIFI Rocket 14%-35% on Rumours of Inclusion into Whitelist
Foreign media reported that the whitelist of mainland property firms eligible for financing being drafted by mainland regulators is nearing completion, with about 50 state-backed a...
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CN Homebuilders & Property Managers Hike; CG, SINO-OCEAN, CIFI Rocket 14%-35% on Rumours of Inclusion into Whitelist
Recommend
31
Positive
64
Negative
29
 
 

Foreign media reported that the whitelist of mainland property firms eligible for financing being drafted by mainland regulators is nearing completion, with about 50 state-backed and privately owned real estate firms included in the list. It is expected to be released to major banks and financial institutions in the next few days.

The list is expected to include real estate firms that have triggered defaults on their USD-denominated bonds, such as CIFI HOLD GP (00884.HK)  -0.010 (-2.632%)    Short selling $293.51K; Ratio 0.996%   , SINO-OCEAN GP (03377.HK)  0.000 (0.000%)   and COUNTRY GARDEN (02007.HK)  0.000 (0.000%)   , as well as other developers including CHINA VANKE (02202.HK)  -0.120 (-2.339%)    Short selling $80.87M; Ratio 34.964%   , LONGFOR GROUP (00960.HK)  +0.100 (+0.787%)    Short selling $36.92M; Ratio 16.380%   , SEAZEN (01030.HK)  -0.010 (-0.725%)    Short selling $1.56M; Ratio 8.055%   and GEMDALE (600383.SH)  +0.250 (+6.702%)   .

Related NewsCiti Suggests Neutral/ Slightly Bullish Stance on CN Developers in 2Q; Top picks Include CHINA RES LAND, BEKE, GREENTOWN MGMT, CHINA OVERSEAS
CIFI rocketed 35% to $0.365, with its share price crossing the 50MA ($0.348). COUNTRY GARDEN and SINO-OCEAN GP were trading at $0.98 and $0.54, now at $0.97 and $0.53, surging 14% and 18%.

Blue-chip LONGFOR and SEAZEN were at $14.84 and $1.53, hiking 7.8% and 7.7%. VANKE lifted more than 4% to $8.61, a one-month high.

As for other domestic homebuilders, KWG GROUP (01813.HK)  -0.015 (-3.896%)   is at $0.8, spiking 13%. LOGAN GROUP (03380.HK)  -0.010 (-1.639%)    Short selling $1.22K; Ratio 0.057%   escalated 12% to $0.83, crossing the 100MA ($0.79). R&F PROPERTIES (02777.HK)  +0.010 (+1.000%)    Short selling $322.74K; Ratio 14.568%   lifted 9.9% to $1.33, rising through 100MA ($1.24) as well. POWERLONG (01238.HK)  +0.010 (+1.408%)   and TIMES CHINA (01233.HK)  -0.005 (-2.101%)   mounted 7.5%-8.2% to $0.86 and $0.395.

Related NewsJPM: Rebound of CN Property Stocks May be Short-lived; Apr Mth-to-date Sales Drop Worst in Recent Yrs
SUNAC (01918.HK)  -0.060 (-4.138%)    Short selling $30.33M; Ratio 17.693%   reached $2.89, up 6.3%. EVERGRANDE (03333.HK)  0.000 (0.000%)   ascended 7.5% to $0.285. CHINA JINMAO (00817.HK)  +0.030 (+4.412%)    Short selling $1.10M; Ratio 12.525%   rose 6.7% to $0.95. CHINA SCE GROUP (01966.HK)  +0.002 (+1.316%)   inclined 8.7%.

Blue-chip CHINA OVERSEAS (00688.HK)  +0.560 (+3.728%)    Short selling $228.69M; Ratio 39.903%   , CHINA RES LAND (01109.HK)  +0.450 (+1.513%)    Short selling $87.26M; Ratio 21.680%   , HOPSON DEV HOLD (00754.HK)  +0.160 (+4.233%)    Short selling $1.01M; Ratio 31.915%   , GREENTOWN CHINA (03900.HK)  +0.120 (+1.626%)    Short selling $7.04M; Ratio 11.763%   , CHINA JINMAO (00817.HK)  +0.030 (+4.412%)    Short selling $1.10M; Ratio 12.525%   , MIDEA REAL EST (03990.HK)  +0.230 (+5.134%)   and SHENZHEN INVEST (00604.HK)  0.000 (0.000%)    Short selling $220.56K; Ratio 9.941%   ramped up more than 1%-3%.

For property management stocks, SUNAC SERVICES (01516.HK)  -0.060 (-2.899%)    Short selling $1.05M; Ratio 3.350%   and KWG LIVING (03913.HK)  +0.010 (+2.564%)   were the bigger gainers, trading at $2.46 and $0.55, hiking 8.9% and 10% respectively, with the latter's share price crossing the 50MA ($0.54).

Related NewsNomura: Politburo Meeting Sends Another Positive Message to CN Developers; KE Holdings, CHINA RES LAND, LONGFOR GROUP Recommended
CHINA RES MIXC (01209.HK)  +0.450 (+1.538%)    Short selling $9.96M; Ratio 10.978%   , GREENTOWN SER (02869.HK)  +0.300 (+8.152%)    Short selling $7.77M; Ratio 39.276%   , A-LIVING (03319.HK)  +0.040 (+1.212%)    Short selling $2.63M; Ratio 21.970%   , TIMES NEIGHBOR (09928.HK)  -0.010 (-1.667%)   , POLY PPT SER (06049.HK)  +0.550 (+1.618%)    Short selling $9.50M; Ratio 32.127%   , CG SERVICES (06098.HK)  +0.110 (+1.843%)    Short selling $5.03M; Ratio 8.523%   , SHIMAO SERVICES (00873.HK)  +0.040 (+4.545%)   , and S-ENJOY SERVICE (01755.HK)  +0.080 (+2.500%)   elevated 2% to 5.5%.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-03 16:25.) (A Shares quote is delayed for at least 15 mins.)

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