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Unique hype hk2/4/2024 Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. The share price forecast is HK$46.45, signifying a potential upside of 75% from the current level.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Let’s take a look at analysts’ ratings for China Resources stock China Resources Share Price TargetĪs per the consensus rating on TipRanks, 1109 stock has received a Moderate Buy rating based on two Buy recommendations. The country is also making efforts to speed up the development of affordable housing projects. According to the data from the National Bureau of Statistics (NBS), housing prices experienced a decline in November, marking the fifth consecutive month of decline. The recent measures came in response to the deteriorating situation of the country’s housing sector. Post-COVID-19, China has encountered challenges in its housing market and a slowdown in its economic activities, hurting investors’ confidence in the economy’s recovery. This led to a substantial 4.8% increase in an index monitoring Chinese developers. Longfor’s stock gained 6.3% today, while China Resources’ share price traded up by 5.85% on Friday. Longfor and China Resources are well-known property development and management companies in China. In Shanghai, the minimum deposit ratio for a first home will be 30%, down from 35%. Additionally, the maximum term for personal housing loans is being extended from 25 to 30 years, along with a decrease in the floor rates for new mortgages. Yesterday, Beijing and Shanghai introduced a new set of actions, which included extending repayment deadlines and trimming the down payment ratios.Įffective immediately, Beijing is reducing the minimum deposit ratio from 35%-40% to 30%. ( HK:1109) are trading at higher values today following China’s recent efforts to boost the sluggish housing market. Hong Kong-listed Longfor Group Holdings Limited ( HK:0960) and China Resources Land Ltd.
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