Market review:
From January 10, 2022 to the closing on January 14, 2022, the Hang Seng property sector rose by 2.67%, the Hang Seng Index rose by 3.79%, and the Hang Seng property sector lagged behind the Hang Seng Index by 1.12pct. From the perspective of sector ranking, it ranked ninth among the 13 sectors of hang Seng comprehensive industry compared with other sectors. The top 40 stocks with market value of a + H are screened, and the top five are:
The top five stock price increases were Xuhui Yongsheng service, Shimao service, color life, country garden service and Jinke service.
The last five stocks that fell were rongwanjia, Zhengrong service, Shenzhen Sdg Service Co.Ltd(300917) , Zhongjun business management and Financial Street Holdings Co.Ltd(000402) property management.
Fund tracking:
Shanghai (Shenzhen) stock connect
Among A-share property companies, only China Merchants Property Operation & Service Co.Ltd(001914) holds shares in the Shanghai (Shenzhen) stock connect. As of January 14, 2022, it holds 12.42 million shares, down 6.3% from last week, with a market value of RMB 229 million.
Hong Kong stock connect
There are 19 Hong Kong stocks held by China Hong Kong stock connect. The largest increase this week is ya life service, with an increase of 59.08% this week. The biggest decline was in times neighborhood, down 8.88%. The highest shareholding ratio is poly property, which is 63.3%. Evergrande property has the largest number of shares, 743 million shares.
Important industry news:
Green City Service: acquisition of 60% equity of Zhejiang entropy Li construction management
On January 11, Greentown Management Holdings, a Hong Kong stock company, announced that its indirect wholly-owned subsidiary Greentown management acquired 60% equity and all rights and interests in Zhejiang entropy construction management, which is mainly engaged in agent construction business, with a fixed price of 400 million yuan and a maximum adjusted incremental price of 200 million yuan.
Rongchuang China: share allotment financing of US $580 million, saying there is no short-term share allotment plan
On January 13, rongchuang China announced that it planned to place 452 million shares at the price of HK $10 per share, and the total amount of proceeds from the subscription was HK $4.52 billion, equivalent to about US $580 million. Rongchuang said that about 50% of the net proceeds from the subscription will be used for the company’s general working capital and about 50% will be used to repay the loan. Rongchuang related people said that after the share allocation, the company has no plan to conduct equity financing by placing new shares to the market or placing old shares of rongchuang service, a subsidiary in the short term.
Jianfa property: the subsidiaries Huijia property and yijiayuan property were subject to administrative punishment
On January 11, relevant media reported that Huijia property received two administrative punishment decisions due to administrative violations on January 1, 2022. In addition, on January 12, yijiayuan property was administratively punished by Xiamen housing security and Housing Administration Bureau, with a penalty amount of 18000 yuan.
Important announcements of the company:
Hongtai property: the legal representative has changed from Li Dalong to Han Yufeng.
Ya life group: Chairman Huang Fengchao withdrew from the position of director of Guangzhou Yuxian science and Education Investment Co., Ltd.
Investment strategy and key recommendations: the property and enterprise sector rose this week and remained optimistic about the property sector for a long time. With the gradual release of risks associated with real estate enterprises, excellent property enterprises will still drive the leapfrog progress of the industry. Investors are advised to pay attention to the business management targets represented by China Resources Vientiane life and Shenzhen Sdg Service Co.Ltd(300917) and other scarce targets.
Risk warning: the risk that the market development is not as expected; Risk of insufficient collection of property fees; The epidemic control was less than expected.
