Xuhui, country garden, Longhu and Yuexiu real estate enterprises with a total of 25 billion yuan of medium votes have obtained the registration notice of dealers association
The property market in Fuzhou has been liberalized to a certain extent
country garden said that M & A is still an important expansion means of the company this year
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Today, the good news in the real estate circle continues!
Under the positive influence, the A-share real estate sector remained strong all day. As of the closing, more than 30 stocks in the sector had risen by the daily limit, and many more stocks had set a continuous record. Real estate related building materials, cement, property and other sectors all rose collectively. Hong Kong stocks, in addition to country garden rose significantly, rongchuang China rose more than 26% in the session.
Real estate bonds also went well as a whole, and most of them closed up, “20 Baolong 04” rose by more than 21%, 20 rongchuang 01 by more than 19%, 16 rongchuang 07 by more than 11%, 21 rongchuang 03 and 21 rongchuang 01 by more than 8%, and 19 Fuli 02 by more than 7%.
real estate stock debt “blood back”
On March 30, stocks and bonds in the real estate sector recovered strongly.
From the perspective of Hong Kong stocks, rongchuang China, Shimao Group and country garden rebounded 32%, 27% and 61% respectively from the low on March 16.
From the A-share point of view, the Greenland Holdings Corporation Limited(600606) , China Wuyi Co.Ltd(000797) , Chongqingyukaifaco.Ltd(000514) and other more than 30 stocks all rose by the limit.
Real estate bonds also rebounded on a large scale.
On the same day, the Shanghai headquarters of the people’s Bank of China said that the Shanghai Branch of the people’s Bank of China recently formulated and issued the guidelines for Shanghai credit policy in 2022. The guidelines said that we should correctly understand and implement the prudent management system of real estate finance, do a good job in the financial services of Real Estate Project M & A, increase the financial support for affordable housing, and help alleviate the housing pressure of new citizens.
Northeast Securities Co.Ltd(000686) released the research report, which said that the relaxation of policies continued to increase, the upward trend of beta in the real estate industry remained unchanged, the steady concentration of Green Housing enterprises accelerated, and the advantages of the leading green housing enterprises in investment and financing appeared. At the same time, with the strengthening of pre-sale supervision and credit regulation at this stage, the opportunities for improving the liquidity of private housing enterprises increased.
According to Yan Yuejin, research director of the think tank center of E-House Research Institute, the sales performance of real estate enterprises is expected to decline significantly in March, but on the contrary, the operation data of real estate enterprises have good opportunities for follow-up. Now it is the trough of real estate enterprises’ operation, which is conducive to the subsequent growth of enterprises, and real estate stocks will have more new performance.
Dealers Association registers 25 billion real estate bonds at one go
On March 30, the inter-bank Dealers Association issued a notice saying that it accepted the registration of 5 billion yuan medium note of Country Garden Real Estate Group Co., Ltd; Accept the registration of 5 billion yuan medium vote of Xuhui Group Co., Ltd; Accept the registration of Chongqing Longhu Enterprise Development Co., Ltd. with a medium vote of 5 billion yuan; Guangzhou Yuexiu Group Co., Ltd. accepted the registration of 3 billion yuan medium vote, 3 billion yuan medium vote, 2 billion yuan medium vote and 2 billion yuan medium vote, with a total amount of 25 billion yuan.
In addition, on March 29, the inter-bank Dealers Association issued a notice on measures to further improve self-discipline management services and support epidemic prevention and control and economic and social development,
The notice proposes to continue to provide debt issuance and financing services for private enterprises. Improve the efficiency of private enterprise registration and issuance services, optimize the convenience of private enterprise bond registration and issuance, enrich the market-oriented credit enhancement mode of private enterprise bonds, and encourage market institutions to increase investment in private enterprise bond business.
Many market participants said that the current short-term risks of real estate enterprises are gradually released. In the medium and long term, they are full of confidence in the real estate industry after regulation. They believe that enterprises that can improve their assets and liabilities and improve their management after adjustment and differentiation will be competitive in the future, and the financing environment of real estate enterprises is continuously improving.
Yan Yuejin said that the registration of similar medium-term notes has been approved, which further shows that the relaxation of current real estate market policies and financing policies have a very good guidance for real estate enterprises. It not only shows that the policy itself is relaxed and the business space of real estate enterprises is expanded, but also shows that such real estate enterprises are good real estate enterprises recognized by the market.
“It is expected that the follow-up financing will increase and promote the development of enterprises better.” Yan Yuejin said.
Fuzhou property market relaxed the purchase restriction policy, and local real estate enterprises rose sharply
On the afternoon of the 30th, the reporter of Shanghai Securities News confirmed from Fuzhou real estate registration and trading center that the purchase restriction policy of Fuzhou real estate market has been liberalized to a certain extent. Fuzhou real estate registration and trading center said: “foreign accounts do not need to provide medical and social security certificates, you can buy the first house in Fuzhou five districts.”
Specifically, Fuzhou registered residence for non five urban households (including Hong Kong, Macao and Taiwan), and can purchase houses in five cities. No need to provide medical social security or tax certificates or settlement for 12 months in the past two years, it can buy an ordinary housing in Fuzhou City five square meters below 144 square meters. After purchase, the housing is still restricted by selling policy. Meanwhile, registered residence registered in Changle is also a registered residence in Fuzhou. Buyers of Changle registered residence can purchase two apartments in Fuzhou city.
Meanwhile, according to Fuzhou real estate registration and trading center, the purchase of parking spaces in Fuzhou is no longer limited, which was previously limited.
Insiders said that on March 30, the purchase restriction policy in Fuzhou was liberalized to a certain extent, which catalyzed the performance of the real estate market and real estate stocks.
Affected by this news, the stock prices of local listed real estate enterprises in Fujian rose sharply. Among them, Tahoe Group Co.Ltd(000732) rose rapidly in the afternoon of March 30, and Xiamen C&D Inc(600153) rose 7.77% as of the closing of the day.
Country Garden: market confidence is gradually restored, and M & A is still an important expansion means of the company
On March 30, at the 2021 performance meeting of country garden, Mo bin, President of country garden, said: “at present, the confidence of the real estate market is gradually restored.”
Mo bin believes that in the past year, the real estate market has experienced the biggest fluctuation in the past decade. All regulation is to maintain the long-term development of the real estate market.
However, affected by the epidemic, confidence in the real estate market still needs some time to recover. Mo bin believes that the new housing sales market was 18 trillion yuan last year. He believes that the real estate market will exist for a long time, and country garden is full of confidence in the future.
On March 30, country garden released its 2021 annual performance report, which showed that the company achieved a revenue of 523.06 billion yuan, a year-on-year increase of 13%; The net profit attributable to shareholders was 26.797 billion yuan, a year-on-year decrease of 23.49%.
Source: Country Garden 2021 performance report
In terms of sales, in 2021, country garden achieved a contractual sales amount of about 558 billion yuan attributable to the shareholders’ equity of the company. Among them, 68% of the sales contribution comes from the third and fourth tier cities, and the total removal rate of the whole year is 67%; The contracted sales area attributable to the shareholders’ equity of the company is about 66.41 million square meters. In 2021, the sales return of country garden equity contract was about 502.2 billion yuan, and the return rate of equity sales reached more than 90% for six consecutive years.
It is worth noting that Cheng Guangyu, executive vice president of country garden, said that since the fourth quarter of last year, the company has made acquisition and merger arrangements for the projects of existing partners, and has negotiated with more than 80 projects of more than 10 real estate enterprises. At present, 35 projects have been acquired, and another 30 projects are still under negotiation. In addition, banks and other institutions also have some projects on hand, and the company is also in contact this year, M & A is still an important expansion means of the company
As of the closing on March 30, country garden reported HK $6.08 per share, up 6.29%.
fund managers are bullish on supply side investment opportunities
Since the end of 2021, Li Yan, the fund manager of Huaxia Xinghe, has begun to lay out the real estate industry, and has repeatedly expressed his view that the industrial chain of real estate will have the opportunity to restore the attribute of public utilities in 2022. In particular, he is optimistic that leading companies will have 2-3 times the market share to improve.
On March 28, Li Yan mentioned in the live broadcast that the core logic of this round of real estate investment lies in “supply side reform and improvement of concentration”. The market quotation of the second sector of Baijiu liquor is very helpful to the investment in the real estate industry. The real estate industry will face the situation in the next ten years, and there will be some analogies between Baijiu and liquor in the past 2015 to 2021, that is, in terms of quantity and price.
“The main logic of investing in the real estate industry is the change of investment supply side.” Li Yan believes that the comprehensive volume and price can basically be considered that China’s commercial housing market will maintain a compound annual decline of 3% to 4% in the next decade, and the investment opportunity lies in huge structural changes. Previously, the market share vacated by deleveraging of many real estate enterprises will be gradually undertaken by excellent central enterprises, state-owned enterprises and private enterprises.
