Movement Alert｜LONGFOR GROUP Falls 5.04% in Regular Trading, September Sales Stayed Weak and Prior Shareholder Disposals Added Pressure

Market Focus10-27

On October 27, LONGFOR GROUP fell 5.04% in Regular Trading, trading at HK$4.715, with turnover of HK$109 million.

The move coincided with weak operating data and earlier shareholder selling. The company had disclosed contracted sales of 23.0 billion yuan in September, only slightly above 22.0 billion yuan in August, pointing to continued low sales momentum.

For the first nine months, contracted sales totaled 231.4 billion yuan, while September attributable contracted sales were 14.2 billion yuan. The group added only one land parcel in Shenyang during September, with attributable land consideration of 212 million yuan, indicating restrained land acquisition activity.

Separately, equity disclosure filings released in early October showed that Cai Kui and Junson Development International Limited each sold 5 million shares on-market on October 7, reducing their stakes to 17.94%, which may have further weighed on sentiment.

(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.)

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