On September 16, GREENTOWN CHINA rose 6.96% in regular trading, reaching HKD 5.92 per share, with turnover of approximately HKD 65.04 million, as inner property stocks staged a broad-based rally.

On the news front, the National Bureau of Statistics released August data showing first-tier cities posted month-on-month gains in commercial residential property prices, while second- and third-tier cities saw their price declines narrow overall. A spokesperson noted that although new-build transaction volumes declined, the rise in second-hand housing transactions has helped stabilize total market transaction volume. Guosen Securities commented that while August property fundamentals remained soft, the housing price trend was relatively positive. The brokerage reiterated that property stocks possess value upside, with share prices sitting at a mid-term floor. Meanwhile, Kaiyuan Securities recommended GREENTOWN CHINA among quality developers, projecting that the market stabilization trajectory would likely continue.

It is worth noting that GREENTOWN CHINA reported challenging mid-year results, with first-half revenue of RMB 39.48 billion, down 26% year-on-year, and owner-attributable profit of RMB 81.7 million, down 61.1%. Cumulative contract sales for the first eight months totaled approximately RMB 122.8 billion.

(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.)