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2007 - Country Garden Holdings Co News Story

HK$10.94 -0.3  -2.7%

Last Trade - 8:08am

Sector
Financials
Size
Large Cap
Market Cap £24.17bn
Enterprise Value £42.47bn
Revenue £49.86bn
Position in Universe 48th / 5919

BUZZ-China's developers index hits near 3-month high on positive sector outlook

Wed 16th October, 2019 3:23am
** Shares in China's developers rally on Wednesday, as
investors expect low valuations and favourable macro liquidity
conditions to help the sector as a whole
    ** The CSI300 real estate index  .CSI000952  climbs as much
as 3.6% to highest since July 23
    ** China's banks extended more new yuan loans than expected
in September, as policymakers ramped up support to stabilise the
slowing economy during a bruising trade war with the United
States  urn:newsml:reuters.com:*:nL3N26U2M5 
    ** Household loans, mostly mortgages, rose to 755 bln yuan
($106.45 bln) last month from 653.8 bln yuan in August, central
bank data showed 
    ** The real estate industry would benefit from China's
monetary policy easing, while low valuations, steady earnings
and high dividend yields also provide support for developers,
Zhongtai Securities noted in report 
    ** The Hang Seng properties index  .HSNP  adds 1.0%
    ** Top developers China Vanke  000002.SZ  2202.HK , Sunac
China  1918.HK , China Evergrande  3333.HK , and Country Garden
 2007.HK  gain between 1.5% and 3.6% 


($1 = 7.0927 Chinese yuan renminbi)

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))
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