Guangzhou realty 广州房产

the Hong Kong stock market, according to the latest statistics show that as at June 30, the Hang Seng Index during the first half of this year, the cumulative increase of about 10.9 percent, while the Hang Seng Index over the same period the real estate sub-index has risen by one percentage point relative backwardness, about 9.9% . Data indicate that the first half of the local property stocks in Hong Kong equity market run lose.

overall weaker real estate shares

“It is clear that Hong Kong real estate stocks leading the trend of a weak first half. “Hong Kong Securities and peaceful co-director of governance郭思analysis, Hong Kong’s Cheung Kong (0001.HK), New World Development (0017.HK), Hang Lung Properties (0101.HK) and other real estate leader, in the first half are nothing too outstanding performance, this is the Hang Seng Index led the real estate sub-index of the main reasons behind the Hang Seng Index. [Extended to read: rumor control property stocks ferocious senior officials said the final levy capital gains tax]

the above real estate stocks leading behind the unsatisfactory performance is due to the first half of the Hong Kong property market performance is not satisfactory. According to the Hong Kong Land Registry released on the 4th of June 2007 the Land Registry data, in June to the Land Registry of the sale and purchase agreements for all types of building a total of 11,979 copies, representing a 8.5 percent decline in May; in June registered a total sale and purchase agreements value of 39.4 billion Hong Kong dollar, representing a 12.4 percent decline in May; in June of residential property transactions worth 31.7 billion, representing a 17 percent decline in May. The sale of 11,979 copies in the above-mentioned contracts, residential buildings accounted for the sale and purchase agreement of 9653, representing a 13.1 percent decline in May.

“the Federal Reserve may raise interest rates expectations, has affected the local real estate enterprises. “An industry source said. The first half of the U.S. subprime mortgage market exposure of a series of problems has led to a U.S. real estate market fluctuations, and spread to the United States, including the Hong Kong stock market stock market and other Asia-Pacific region, including the market, the market expected the Federal Reserve will take the appropriate measures to deal with this predicament. [An extension of reading: the stock market and property market investment in a proper way which is more "money" passers-by]

In addition, the property shares a large market, has also become active in such stock is not a constraint.郭思governance view, Cheung Kong, Sun Hung Kai and other large real estate enterprises frequently shares nearly 100 Hong Kong dollar’s share price, by no means small and medium-sized investors had about the, “such a big market share like a ‘elephant’, the need for funds, institutions, etc. to promote the large funds, this will take time. “

extended reading:

finance and investment analysis: the current real estate speculation in stocks for the base which is the best?

10 stock trading against the market trend, “5.30″ highlights the real estate shares slump charm

“Chinese” concept can not be ignored

Although the first half of real estate shares the overall performance of lagging behind the big city, but many in the trade are still optimistic about its performance this year, especially good to some large developers active in the Mainland, to buy land to give the “funded” factor.

“with the Hong Kong property stocks as compared to the first half of the mainland Chinese real estate stocks can be described as outstanding performance. “One of Hong Kong equities analyst said. Despite the Mainland-Hong tune continuously, but listed in Hong Kong, mainland real estate company’s shares performance is still the “芝麻开花been high”, many real estate company executives have said that Acer adjusted measures of business impact. “The reason for this is because the demand for the mainland property market is still great, plus the expected appreciation of the renminbi, but also the mainland property market is booming abnormal. “

” It is worth noting that some Hong Kong property stocks also gradually have a ‘funded’ concept. “Governance郭思pointed out that Hong Kong can tick as many of the land in recent years fewer and fewer, Cheung Kong, New World Development, such as first-line real estate blue-chip enterprises, began quietly tentacles extended to the mainland, a large scale in the first line, second-line center city enclosure increase reserves and will focus the future development of deflection to the mainland. “Since the purchase of land for the mainland site, investors may believe that these companies are real estate companies like the mainland as a Chinese-funded ‘concept. Since the Hong Kong stock market on pre-owned shares in hot pursuit of an increase, while increasing the appreciation of the renminbi rate, then such stock recessive ‘funded’ the potential of real estate stocks can not be ignored! “In addition,郭思governance also pointed out that according to the HKEx (0388.HK) publicly available information, the recent Li Ka-shing, Kuok Brothers Big Spender is also many times the market to absorb large shares of their company, this also means that these markets” everyone “on their own enterprises, or Hong Kong property companies are optimistic about market performance.

extended reading:

finance and investment analysis: the current real estate speculation in stocks for the base which is the best?

10 reverse stock City limit “5.30″ highlights the real estate shares slump charm

Chinese version:上半年地产股跑输大市走弱 “中资”概念不容忽视

据港股市场最新统计数据显示，截至6月30日，恒生指数今年上半年的累计上涨幅度约10.9%，而同期的恒指地产分类指数的增幅则相对落后一个百分点，约9.9%。数据表明，上半年港股本地地产股跑输大市。

地产股整体走弱

“很显然，香港本地地产龙头股上半年的走势疲软。”香港平和证券联席董事郭思治分析说，香港本地的长实(0001.HK)、新世界发展(0017.HK)、恒隆地产(0101.HK)等地产龙头，在上半年里都没有什么太突出的表现，这是导致恒指地产分类指数落后于恒指的主要原因。[延伸阅读：地产股调控传闻凶猛 高官称最终开征资本利得税]

上述地产龙头股票表现不尽如人意的背后，是因为香港上半年的楼市表现也并不理想。根据香港土地注册处4日发表的2007年6月份土地注册数据，6月份送交土地注册处注册的所有种类楼宇买卖合约共11979份，较5月份下跌8.5%；6月份注册的楼宇买卖合约总值394亿港元，较5月份下跌12.4%；6月份的住宅楼宇买卖合约总值317亿元，较5月份下跌17%。在上述11979份买卖合约中，住宅楼宇买卖合约占9653份，较5月份下跌13.1%。

“美联储可能加息的预期，也影响了香港本地地产企业的发展。”一位业内人士说。上半年美国次级按揭市场一连串问题的暴露，引发了美国房地产市场的波动，并波及美国股票市场及包括香港股市在内的其他亚太区市场，令市场预期美联储将采取相应的措施来应对这一困局。[延伸阅读：投资有道 股市与楼市哪个更有"钱"途]

此外，地产股庞大的市值，也成为此类个股不活跃的一个制约因素。郭思治认为，长实、新鸿基等大型地产企业的股份动辄近100港元的股价，绝非中小投资者能左右得了的，“这么大市值的股份就像一只‘大笨象’，需要基金、机构等的大资金去推动，这需要时间。”

延伸阅读：

投资理财分析:当前炒房 炒股 炒基 哪样为最好?

十只个股逆市涨停 "5·30"暴跌凸显地产股魅力

“中资”概念不容忽视

尽管上半年地产股的整体表现落后于大市，但不少业内人士仍看好其今年的表现，尤其是看好一些大型地产商积极在内地买地所带来的“中资”因素。

“与香港本地地产股相比，上半年内地中资地产股的表现可谓表现突出。”一位港股分析师表示。尽管内地宏调不断，但在港上市的内地地产公司的股份表现仍是“芝麻开花节节高”，不少地产公司高管纷纷表示，宏调措施对企业经营的影响不大。“究其原因，是因为内地地产市场需求仍很大，加上人民币升值预期，更令内地地产市场异常红火。”

“值得留意的是，香港一些地产股也逐渐具备了‘中资’概念。”郭思治指出，香港近几年来可勾出的土地越来越少，长实、新世界发展等一线地产蓝筹企业，开始悄悄将触角延展至内地，大举在一线、二线中心城市圈地增加储备，并将未来的发展重心向内地偏转。“由于所购土地为内地地皮，投资者可以认为，这些公司也像内地地产公司那样具备了中资’的概念。既然前期港股市场对中资股追捧有加，同时人民币升值幅度不断增加，那么此类个股隐性‘中资’地产股的潜力不容忽视！”此外，郭思治还指出，根据港交所(0388.HK)的公开资料，近来李嘉诚、郭氏兄弟等大富豪还在市场上多次大手笔吸纳自己公司的股票，这也表示这些市场“大家”对自家企业，或者香港地产公司的市场表现持乐观态度。

延伸阅读：

投资理财分析:当前炒房 炒股 炒基 哪样为最好?

十只个股逆市涨停 "5·30"暴跌凸显地产股魅力

2007-07-05