CIFI Holdings is an investment holding company based in the People's Republic of China. Co. is engaged in property development, property investment and provision of property management and property related services. Co.'s residential property development activities focus on developing quality, mass market residential properties with small-to-medium unit sizes, comfortable living environment and locations with good public transportation links. Co.'s commercial property development activities focus on developing office properties-for-sale. Additionally, Co. provides property management services to residential and commercial customers through the property management companies.
KWG Property Holding is an investment holding company. Co.'s portfolio provides different types of products, which include mid- to high-end residential properties, serviced apartments, villas, office buildings, hotels and shopping malls. Co.'s segments include: property development, which is engaged in the sale of properties; property investment, which is engaged in leasing of properties; hotel operation, which is engaged in the operation of hotels; and property management, which is engaged in the provision of property management services.
Times Property Holdings is a property developer in China, focusing on the development of mid-market to high-end residential properties. Property development is the development of residential and commercial properties for sale. Property leasing is the development, leasing and sub-leasing of commercial properties owned by Co. or independent third parties. Property management is the provision of property management services to Co.'s residential customers. Co. has expanded its business to Guangzhou, Foshan, Zhuhai, Zhongshan, Qingyuan and Changsha.
Zhenro Properties Group Limited is an investment holding company principally engaged in the sale of properties. Along with its subsidiaries, the Company provides sales of properties, property leasing business, provision of commercial property management services, and sales of goods and provision of design consultation services.
A director at CIFI Holdings Group Co Ltd bought 1,000,000 shares at 6.216HKD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...
The general evaluation of KWG GROUP HOLDINGS LTD. (HK), a company active in the Real Estate Holding & Development industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 14, 2020, the closing price was HKD 11.50 and its potential was estimated at HKD 12.08.
Although there will not be a loosening of macro policies, regulations will be adjusted in accordance with the “One City, One Policy” strategy. Local governments are introducing exploratory policies that are in line with our views. The downside for property stocks’ prices is limited. The sector’s valuations are also at historical lows but are expected to recover at the beginning of 1Q20. Maintain OVERWEIGHT.
KEY HIGHLIGHTS Economics Economic Activity Economic activity indicators broadly retreated in 2019 but held steady in 4Q19. Strategy Breathing space Chinese equities have already priced in the positives of the Phase 1 trade deal; prefer rotation into healthcare and utilities. Sector Healthcare The rocky GPO ride. Internet Multiple drivers continue to boost China’s e-commerce growth. Update Stella International Holdings (1836 HK/BUY/HK$12.30/Target: HK$15.70) 4Q19 operation largely on track, except for volume; 2020 outlook intact.
The second round of GPO tenders concluded last Friday with 32 drugs seeing an average price cut of 53% against the lowest procurement prices in 2018. The overall price cut is milder than the market’s and our estimates of 60%. Looking forward, we expect continued GPO programmes and a more innovative pharmaceutical industry to arise. We upgrade the sector from MARKET WEIGHT to OVERWEIGHT due to less severe GPO competition and strengthening R&D capabilities of domestic pharmaceutical firms.
We think e-commerce will continue to deliver solid growth in 2020 driven by supportive policies, increased online penetration in less developed areas, improved logistic efficiency, and increased user engagement and spending. We also expect physical goods online shopping penetration to rise to 22.4% in 2020 from 20.7% in 2019. Our top pick is Alibaba. Maintain OVERWEIGHT on the sector.
A lengthy retail downcycle is expected due to the ongoing unrest in Hong Kong and declining mainland visitor arrivals. Office rents are on a downtrend after peaking in May 19, dragged by growing vacancy rates and also office supply which had reached a 10- year high in 2019. The sluggish Hong Kong GDP outlook would further dampen office demand with prospective tenants holding up their expansion plans amid the uncertainties. Maintain MARKET WEIGHT.
GREATER CHINA Economics Trade: Dec 19: Helped by a low base and an early Lunar New Year. Sector IT Hardware: Handset Components: 5G will be the key theme for 2020. REITs & Landlords: 2020 outlook: Prefer exposure to the resilient non-discretionary segment. Update Anta Sports (2020 HK/BUY/HK$75.45/Target: HK$82.00): CB issuance a win for both Anta and equity shareholders. MALAYSIA Update Astro Malaysia (ASTRO MK/HOLD/RM1.24/Target: RM1.35): The stock still lacks re-rating catalysts despite management’s efforts to defend revenue and minimise costs. SINGAPORE Update Singapore Telecommunicatio...
KEY HIGHLIGHTS Economics Trade Dec 19: Helped by a low base and an early Lunar New Year. Sector IT Hardware Handset Components: 5G will be the key theme for 2020. REITs & Landlords 2020 outlook: Prefer exposure to the resilient non-discretionary segment. Update Anta Sports (2020 HK/BUY/HK$75.45/Target: HK$82.00) CB issuance a win for both Anta and equity shareholders. TRADERS’ CORNER BJ Enterprises Water (371 HK): Trading Buy Range CMS (867 HK): Trading Buy Range
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