Movement Alert｜LONGFOR GROUP rises 5.26% in Regular Trading, market focuses on resilience after nine-month operating data

Market Focus10-16

On October 16, LONGFOR GROUP rose 5.26% in Regular Trading, trading at HK$5.005, with turnover of HK$30.17 million.

The move followed the company’s disclosure of unaudited operating data for the first nine months, which drew market attention to the relative stability of its operating and service businesses amid continuing pressure on property sales.

For the first nine months, LONGFOR GROUP reported contracted sales of RMB231.4 billion, with September contracted sales of RMB23.0 billion. Over the same period, operating and service revenue excluding tax reached about RMB204.4 billion, including RMB109.3 billion from operations and RMB95.1 billion from services. The company also added one land parcel in Shenyang in September, with total gross floor area of 91,400 square meters, attributable gross floor area of 45,700 square meters, and attributable land premium of RMB212 million.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment