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2023-11-20

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Hong Kong Stocks Edge up, Extending Last Week's Gain

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economic growth.</p><p>The Hang Seng Index climbed 0.98 per cent to 17,625.83 just before 11am on Monday. The Hang Seng Tech Index also gained 1.21 per cent, while the Shanghai Composite Index retreated 0.2 per cent.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48df07dd1b2ec81f1deec9abac40789c\" tg-width=\"627\" tg-height=\"153\"/></p><p>Developer Longfor Group advanced 1.9 per cent to HK$13.02 and China Resources Land gained 1 per cent to HK$29.30 after China’s financial regulators said that they would support property developers in receiving loans, issuing bonds and obtaining reasonable equity financing from capital markets.</p><p>Alibaba Group, which owns this newspaper, rebounded 0.89 per cent to HK$73.9 after the office of founder Jack Ma said he remained positive about the company in a clarification of his shares disposal plan.</p><p>Limiting the gains, smartphone maker Xiaomi rose 0.13 per cent to HK$15.96 before its earnings release later on Monday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0309673777e47363aa322c80a701384e\" tg-width=\"472\" tg-height=\"643\"/></p><p>The Hang Seng Index rallied 1.5 per cent last week as better-than-expected China economic data, a softening of US inflation. The gains were tempered by Alibaba’s decision to scrap the spin-off of its cloud computing business and founder Jack Ma’s share disposal plan.</p><p>Elsewhere on Monday, Chinese electric-vehicle maker Li Auto jumped 1.65 per cent to HK$159.70 and pharmaceutical company Wuxi Apptec advanced 2 per cent to HK$95 after Hang Seng Indexes said that the two stocks would j oin the city’s stock benchmark next month.</p><p style=\"text-align: start;\">Some 28 companies that are components of the Hang Seng Index have released their third-quarter results, posting an average of 6.2 per cent year-on-year profit growth, according to Bloomberg data. That compares with a 7.7 per cent increase in first-half earnings.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Edge up, Extending Last Week's Gain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Edge up, Extending Last Week's Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-20 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/china-business/article/3242119/hong-kong-stocks-edge-extending-last-weeks-gain-beijing-signals-support-property-developers?module=latest&pgtype=homepage><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks rose, extending last week’s gain, after Chinese regulators said they would support financing activities by property developers, adding to optimism about a stabilisation of economic ...</p>\n\n<a href=\"https://www.scmp.com/business/china-business/article/3242119/hong-kong-stocks-edge-extending-last-weeks-gain-beijing-signals-support-property-developers?module=latest&pgtype=homepage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://www.scmp.com/business/china-business/article/3242119/hong-kong-stocks-edge-extending-last-weeks-gain-beijing-signals-support-property-developers?module=latest&pgtype=homepage","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177773683","content_text":"Hong Kong stocks rose, extending last week’s gain, after Chinese regulators said they would support financing activities by property developers, adding to optimism about a stabilisation of economic growth.The Hang Seng Index climbed 0.98 per cent to 17,625.83 just before 11am on Monday. The Hang Seng Tech Index also gained 1.21 per cent, while the Shanghai Composite Index retreated 0.2 per cent.Developer Longfor Group advanced 1.9 per cent to HK$13.02 and China Resources Land gained 1 per cent to HK$29.30 after China’s financial regulators said that they would support property developers in receiving loans, issuing bonds and obtaining reasonable equity financing from capital markets.Alibaba Group, which owns this newspaper, rebounded 0.89 per cent to HK$73.9 after the office of founder Jack Ma said he remained positive about the company in a clarification of his shares disposal plan.Limiting the gains, smartphone maker Xiaomi rose 0.13 per cent to HK$15.96 before its earnings release later on Monday.The Hang Seng Index rallied 1.5 per cent last week as better-than-expected China economic data, a softening of US inflation. The gains were tempered by Alibaba’s decision to scrap the spin-off of its cloud computing business and founder Jack Ma’s share disposal plan.Elsewhere on Monday, Chinese electric-vehicle maker Li Auto jumped 1.65 per cent to HK$159.70 and pharmaceutical company Wuxi Apptec advanced 2 per cent to HK$95 after Hang Seng Indexes said that the two stocks would j oin the city’s stock benchmark next month.Some 28 companies that are components of the Hang Seng Index have released their third-quarter results, posting an average of 6.2 per cent year-on-year profit growth, according to Bloomberg data. 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To the moon","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$ &nbsp;</a>Beaten alredy... To the moon","text":"$SoFi Technologies Inc.(SOFI)$ Beaten alredy... 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15:00","market":"sg","language":"en","title":"HDB Resale Prices End 2023 at All-Time High Despite Market Slowdown: SRX, 99.co","url":"https://stock-news.laohu8.com/highlight/detail?id=2401667497","media":"businesstimes","summary":"RESALE prices for Housing and Development Board (HDB) flats concluded 2023 at an all-time high as they rose 5.8 per cent in December 2023 from December 2022 levels, based on flash data from SRX and 99.co released on Monday (Jan 8).","content":"<div>\n<p>Resale prices for Housing and Development Board (HDB) flats concluded 2023 at an all-time high as they rose 5.8 per cent in December 2023 from December 2022 levels, based on flash data from SRX and 99...</p>\n\n<a href=\"https://www.businesstimes.com.sg/property/hdb-resale-prices-end-2023-all-time-high-despite-market-slowdown-srx-99co\">Web Link</a>\n\n</div>\n","source":"bustime_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HDB Resale Prices End 2023 at All-Time High Despite Market Slowdown: SRX, 99.co</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHDB Resale Prices End 2023 at All-Time High Despite Market Slowdown: SRX, 99.co\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-08 15:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/property/hdb-resale-prices-end-2023-all-time-high-despite-market-slowdown-srx-99co><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Resale prices for Housing and Development Board (HDB) flats concluded 2023 at an all-time high as they rose 5.8 per cent in December 2023 from December 2022 levels, based on flash data from SRX and 99...</p>\n\n<a href=\"https://www.businesstimes.com.sg/property/hdb-resale-prices-end-2023-all-time-high-despite-market-slowdown-srx-99co\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","BK6520":"工商业服务概念","BK4207":"综合性银行","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU2279701549.SGD":"JPMorgan Funds - Emerging Markets Sustainable Equity A (acc) SGD","LU1854104046.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0197229882.USD":"富达印度焦点基金","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU2177674079.SGD":"Fidelity Asia Pacific Opportunities A-ACC-SGD (hedged)","BK4523":"印度概念","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","BK4566":"资本集团","BK6045":"建筑与工程","STI.SI":"富时新加坡海峡指数","BK4535":"淡马锡持仓","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0287143357.SGD":"Fidelity India Focus A-SGD","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC"},"source_url":"https://www.businesstimes.com.sg/property/hdb-resale-prices-end-2023-all-time-high-despite-market-slowdown-srx-99co","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2401667497","content_text":"Resale prices for Housing and Development Board (HDB) flats concluded 2023 at an all-time high as they rose 5.8 per cent in December 2023 from December 2022 levels, based on flash data from SRX and 99.co released on Monday (Jan 8).Luqman Hakim, chief data and analytics officer at 99.co, said this nonetheless indicated a slowdown in the HDB resale market, as the year-on-year increase was still lower than the 8.8 per cent growth in the same period in 2022.Resale prices in mature estates grew 0.4 per cent from November 2023, and 0.5 per cent in non-mature estates. On a year-on-year basis, mature estates booked price increases of 5.9 per cent, and 5.5 per cent in non-mature estates.In terms of room types, prices for four-room flats increased the most on a month-on-month basis by 1 per cent. This was followed by prices for five-room units (0.5 per cent), executive flats (0.2 per cent) and three-roomers (0.1 per cent).Year on year, four-roomers also booked the largest increase at 7.1 per cent, followed by executive flats (5.1 per cent) and five-room units (4.9 per cent). Prices for three-room flats grew by 4 per cent on the year. As predicted by market watchers, volumes in December dropped amid the holiday lull though Hakim said he expected a pickup in the first quarter of 2024.Huttons Asia’s chief executive Mark Yip added: “In January 2024, the HDB resale market will see the first wave of private property owners affected by the 15-month wait-out period entering the market.”He, however, does not expect the volume or impact on resale prices to be significant, as “a good portion of (owners) had successfully appealed or bought smaller resale flats”.On the other hand, OrangeTee & Tie’s senior vice-president of research and analytics Christine Sun said she anticipates higher demand for certain market segments in the first half of 2024 – particularly for larger HDB units.“Some of these private home downgraders may purchase bigger units like five-room or executive flats,” she said.There were 2,006 resale flats transacted in December 2023, down 6.2 per cent from the prior month and 10.5 per cent year on year.By room type, 44.6 per cent of resale volumes came from four-room flats, while 25.9 per cent were from three-roomers. Some 23.5 per cent of volumes came from five-room flat transactions, and the remaining 6 per cent were deals for executive units.In terms of estate, the majority or 61.8 per cent of resale volumes for December were in non-mature estates, with the remaining 38.2 per cent from mature estates.Both Huttons and OrangeTee & Tie are projecting HDB resale price growth of between 3 and 5 per cent for 2024. Huttons estimates resale volumes for the year to come in at 25,000 to 27,000 flats, and OrangeTee & Tie is forecasting volumes to range from 26,000 to 28,000 transactions.December 2023 also booked an increase in the number of million-dollar flats sold at 48 transactions, which 99.co noted was just eight transactions shy from the all-time high recorded in August 2023.There were 45 such transactions in November 2023.“With that, the year saw 25 per cent more million-dollar flats sold compared to the whole of 2022,” said Hakim of 99.co. Million-dollar flats sold comprised 2.3 per cent of total resale volumes in December. Ang Mo Kio recorded the most units sold at seven units, followed by Kallang Whampoa with six units.The rest of the million-dollar flats came from Bukit Merah, Queenstown, Toa Payoh, Central Area, Clementi, Bishan, Bukit Timah, Woodlands, Serangoon, Jurong East and Geylang.A five-room flat in Cantonment Road that went for S$1.42 million marked the highest transacted price for a resale flat in the month. Within non-mature estates, the highest transacted price was achieved at S$1.04 million by an executive apartment in Woodlands Street 81.Noting that million-dollar flat transactions are now “becoming commonplace”, ERA key executive officer Eugene Lim said another reason for the strong demand for such units was a stronger demand for newer flats in prime locations, which outweigh market supply.“In December 2023, 10 of the million-dollar flat transactions were at least S$1.2 million, and all were five-room and larger flats. The shortage of supply has led to us seeing more four-room flats reaching the million-dollar price tag.”PropNex chief executive Ismail Gafoor foresees the number of million-dollar resale flat transactions to remain elevated in 2024.A change in the classification of new HDB flats into Standard, Plus and Prime categories from the second half of 2024 could also prompt a shift in buying trends, with the latter two categories being subjected to more stringent resale and rental conditions, as well as a 10-year minimum occupation period.“Some prospective buyers may not be keen on the tighter rules and could opt to buy resale flats in attractive locations instead, as existing resale flats are not affected by the new classification framework,” said 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