Interim Results (English) Interim Results (Chinese) Revenue RMB9.30 billion Gross profit RMB1.94 billion (margin 20.8%) Net profit RMB751 million (margin 8.1%) Core earnings RMB556 million (margin 6.0%) of which RMB306 million was attributable to the...

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Net margin of this batch would be above 15%. 1H 2016 contracted sales : RMB27.6 billion +162% (Equity Rights about RMB16.5 Billion) Contracted Average Sellling Price RMB18,500 / sqm +48%. Revised 2016 contracted sales target from RMB3.65 billion to RMB43.8...

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1030 holds 62% of Future Land Holdings (601155) Future Land Holdings 1H 2016 投資性房地產的公允價值 本集團的投資性房地產於資產負債表日由獨立專業合格評估師戴德梁行有限公司對其公允價值進行評估。如果相關的評估方法或假設發生變化，將影響投資性房地產公允價值的估計，該差異將對公允價值變動損益產生影響。 對於投資性房地產，本集團委託外部評估師對其公允價值進行評估。所採用的方法主要包括租金收益模型和可比市場法等。所使用的輸入值主要包括租金增長率、資本化率和單位價格等。...

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结合成都特色打造奥园特色产品 Aoyuan Foshan Projects will become a major contributor to 2H 2016 contracted sales 1H 2016 奧園 3883 合同銷售105.3 億元，相比去年同期大幅增長 73%，已完成 2016 銷售目標的63%。得益於購房節的助推，奧園地產上半年整體銷售力度不斷加大，業績亦隨之實現了同比大幅增長，且首次在半年內錄得過百億的銷售額。在交出一份漂亮的半年銷售成績單同時，奧園地產還通過收購項目首入深圳及成都，實現了區域佈局的擴張。...

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Industrial Securities Report dated 20/07/2016 : Target 2.88 CSM (HK) Report dated 11/07/2016 : Target 2.30 A bullish block trade of 5M shares of 884 occurred at price of HK$2.0 at 1pm, 27/7/2016 884 share price is about 20% above that of 3883 at today's...

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ABCI's Report dated 22/06/2017 Would only be launched in 2017 Notable developments since the latest report issued by ABCI dated 22/06/2016 : 1) Share price raised from HK$2.68 to HK$3.02 : +12.7% 2) A new batch of residential units at Logan City was launched...

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中央開閘放水，某些城市的房地產承載了低窪。 1H 2016, New sites acquired by Top 20 developers has reached an average land cost AV8348 + 30.31%, year on year. Their new sites in Tier 1 & 2 cities recorded an average land cost +116.9% and +79.8% respectively, year on year, while...

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20/07/2016 Logan's Announcement : Terminate discussion with China Jialing 20/07/2016 China Jialing's Announcement : Asset Restructure Plan will not involve Logan Property 3380 02/06/2016 Logan's Announcement : Discussion with China Jialing on Possibility...

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Anyone interested in CIFI 884 / Logan 3380 should be aware that including dividend paid, total return for either one, has been above 40% in 6 months. Though I shall hold on these 2 stocks, I believe China's property market would cool down in the second...

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The MSCI China A Real Estate Index (30/06/2016) Shenzhen saw annual price growth jump 63% in the year to March 2016, thanks to the 57% increase in granted amount of housing loans. Shenzhen Property Market Update Average selling price of Shenzhen residential...

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