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CN Property Developers & Managers Rally; LONGFOR, SUNAC, KWG Rocket 10-19%
The market expected China to introduce policies to support the real estate market, causing Chinese real estate stocks to surge across the board.KWG GROUP (01813.HK) hit a high of $...
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CN Property Developers & Managers Rally; LONGFOR, SUNAC, KWG Rocket 10-19%
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Positive
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Negative
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The market expected China to introduce policies to support the real estate market, causing Chinese real estate stocks to surge across the board.

KWG GROUP (01813.HK)  -0.008 (-3.333%)   hit a high of $0.85 and is now at $0.83, skyrocketing nearly 19%. SUNAC (01918.HK)  +0.040 (+4.348%)    Short selling $21.43M; Ratio 9.887%   logged high at $1.51 and trades now at $1.49, surging 12%. LOGAN GROUP (03380.HK)  -0.010 (-1.852%)    Short selling $164.92K; Ratio 2.146%   peaked at $0.9 and is standing now at $0.88, spiking 13%. SINO-OCEAN GP (03377.HK)  +0.010 (+4.000%)    Short selling $1.25M; Ratio 2.201%   rallied 14% to $0.57.

Related NewsCiti Axes TPs of SHIMAO GROUP, SHIMAO SERVICES; Property Sales, Investment & Related Services Weak
Blue chip LONGFOR (00960.HK)  -0.180 (-1.915%)    Short selling $73.95M; Ratio 39.738%   , which has been rising for the last 2 sessions, jumped up 13.5% to a high of $19.32 and trades now at $18.7, still rallying 9.8%. CHINA RES LAND (01109.HK)  -0.200 (-0.858%)    Short selling $84.92M; Ratio 18.450%   and CHINA OVERSEAS (00688.HK)  +0.020 (+0.175%)    Short selling $141.02M; Ratio 45.947%   hiked 5.5%-6.5% to a high of $33.8 and $18.2 respectively. COUNTRY GARDEN (02007.HK)  0.000 (0.000%)   advanced 11% to reach high at $1.62, trading now at $1.59, up 9%.

R&F PROPERTIES (02777.HK)  -0.030 (-3.659%)    Short selling $1.97M; Ratio 16.441%   , GREENTOWN CHINA (03900.HK)  -0.110 (-2.087%)    Short selling $10.40M; Ratio 12.417%   , MIDEA REAL EST (03990.HK)  -0.020 (-0.556%)    Short selling $590.62K; Ratio 15.074%   , ZENSUN ENT (00185.HK)  0.000 (0.000%)   , SEAZEN (01030.HK)  0.000 (0.000%)    Short selling $6.47M; Ratio 21.116%   , CHINA JINMAO (00817.HK)  -0.010 (-1.923%)    Short selling $5.30M; Ratio 19.848%   and AGLIE GROUP (03383.HK)  0.000 (0.000%)    Short selling $1.00M; Ratio 6.820%   inclined about 5%-8.5%.

CHINA VANKE (02202.HK)  +0.050 (+1.309%)    Short selling $67.88M; Ratio 14.271%   intends to redeem all the RMB800 million bonds due. It rose for the third consecutive session and reached a high of RMB11.28, trading now at RMB11.1, up 2.6%.

Related NewsG Sachs: CN Property Managers See Higher Shr of Recurring Rev. & Div. Payout Ratio; Growth Getting on Track
In addition, property management stocks also took off across the board. Blue chip CG SERVICES (06098.HK)  -0.110 (-2.439%)    Short selling $32.67M; Ratio 25.825%   soared 12% to a high of $10.2. It trades now at $9.93, rebounding 8.8%. KWG LIVING (03913.HK)  -0.010 (-3.175%)   rocketed nearly 12% to peak at $0.99. SUNAC SERVICES (01516.HK)  -0.020 (-1.149%)    Short selling $3.78M; Ratio 10.761%   and S-ENJOY SERVICE (01755.HK)  -0.020 (-0.823%)   spiked nearly 9%-11% to $2.36 and $4.55. GREENTOWN SER (02869.HK)  +0.030 (+0.955%)    Short selling $1.71M; Ratio 12.882%   hiked 9% to $4.46.

A-LIVING (03319.HK)  -0.100 (-3.676%)    Short selling $9.46M; Ratio 14.697%   and CHINA OVS PPT (02669.HK)  +0.020 (+0.494%)    Short selling $15.42M; Ratio 16.806%   rose more than 5%. CHINA RES MIXC (01209.HK)  -0.800 (-3.030%)    Short selling $18.04M; Ratio 13.297%   , CHINA OVS PPT (06049.HK)  -0.200 (-0.765%)    Short selling $1.33M; Ratio 2.677%   , JINKE SERVICES (09666.HK)  -0.230 (-2.785%)   and SHIMAO SERVICES (00873.HK)  -0.020 (-2.667%)   advanced about 4%-5.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-16 16:25.)

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