On May 20, Longfor Group fell 3.13% in regular trading, trading at 8.35 HKD/share, with trading volume of approximately 16.56 million HKD. The stock extended its prior adjustment trajectory amid broad sector pressure.
On the news front, the National Bureau of Statistics recently released January-April national real estate development investment data showing a 13.7% year-over-year decline, significantly worse than the market consensus expectation of -11.5%. Additionally, April 70-city housing prices saw their year-over-year decline widen to 3.5%, weighing heavily on the property development sector. At the company level, cumulative contract sales for the first four months totaled 10.35 billion yuan, representing a sharp approximately 53% year-over-year decline, with April single-month contract sales of 2.89 billion yuan down 43.7% year-over-year, indicating continued weakness on the sales front.
On a positive note, the company completed the principal and interest repayment of the \"21 Longfor 04\" bond on May 19 totaling approximately 1.554 billion yuan. Following this payment, onshore credit bond balance stands at only approximately 1.8 billion yuan, with debt reduction progressing steadily.
(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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