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Raymond Cheng - 2 Clare Jim - 2 Jackson Wang - 1 Wang - 1 I'm - 1 Vivian Xue - 1 Carol Fong - 1 Cheng - 1
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CIMB Securities - 3 CGS - 2 HK - 2 Thomson - 2 Guangzhou - 1 Wednesday - 1 Hang Seng Mainland - 1 Country Garden - 1

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7 mentions found


☆ Guangzhou eases mortgage rules as China ramps up efforts to revive property sector
  + stars: | 2023-08-30 | by ( ) www.cnbc.com   time to read: +4 min
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs as the government ramps up efforts to revive the crisis-hit property sector and shore up the sputtering economy. Hong Kong's Hang Seng Mainland Property Index rose as much as 3.3% after the Guangzhou city government's announcement. Like its peers, the company has been hurt by a drop in margins as property sales and the value of the homes themselves plummeted as the economy slowed. BANKS MARGINThe mortgage rate cuts will add to margin pressure on banks. China's benchmark banking sector index fell 1.04% after the Guangzhou mortgage announcement while China's CSI300 index gained 0.02%.
Persons: Jackson Wang, Wang, I'm, Raymond Cheng, Vivian Xue Organizations: Guangzhou, Wednesday, Hang Seng Mainland, Country Garden, provident, CGS, CIMB Securities, APAC, Fitch, Reuters Locations: Beijing, Guangzhou, Shanghai, Shenzhen, Hang Seng, Linyi, China, Hong Kong
☆ CGS-CIMB Securities discusses Vietnam and MSCI emerging market index
  + stars: | 2023-08-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMatter of 'when' not 'if' Vietnam is upgraded to MSCI emerging market index: CGS-CIMB SecuritiesCarol Fong, group CEO of the institutional brokerage services firm, discusses the launch of the CGS Fullgoal Vietnam 30 Sector Cap Index ETF.
Persons: Carol Fong Organizations: CIMB, CGS Fullgoal Locations: Vietnam, CGS Fullgoal Vietnam
☆ Chinese property giant Country Garden sinks in renewed storm
  + stars: | 2023-07-21 | by ( Ankur Banerjee Clare Jim Marc Jones | Ankur Banerjee | Clare Jim | ) www.reuters.com   time to read: +5 min
"That doesn't get them completely out of the woods," said one Country Garden bondholder, who declined to be identified, adding that the developer was facing a further batch of bonds payments in coming months. "If sales don't improve people will worry about the repayment ability for developers like Country Garden who have large exposure in smaller cities," Cheng said. "Country Garden is a top developer in terms of sales. It has been another week of unsettling news in the property market in China. Other efforts are needed to boost buyers’ sentiment about the long-term trajectory of the property market," they added.
Persons: Raymond Cheng, Cheng, Friday's, Wanda, China's, Wang Jianlin, DWCM, selloff, Yao Yu, Wanda Commercial's, Ankur Banerjee, Jason Xue, Clare Jim, Xie Yu, Marc Jones, Tom Hogue, Robert Birsel, Sharon Singleton, Frances Kerry Organizations: HK, CGS, CIMB Securities, Dalian Wanda Group, ANZ, Dalian Wanda Commercial Management, P, JPMorgan, Reuters Graphics, Thomson Locations: SINGAPORE, HONG KONG, Hong Kong, China, Beijing, Greenland, Dalian, Singapore, Shanghai, London
☆ China property shares rise on financial support policy
  + stars: | 2023-07-11 | by ( Clare Jim | ) www.reuters.com   time to read: +2 min
HONG KONG, July 11 (Reuters) - Shares of Chinese property developers rose on Tuesday after regulators extended some policies in a rescue package introduced in November to shore up liquidity in the embattled sector. Analysts said while the extended policy could ease the short-term financial pressure on property developers and ensure their home project completions, new measures would be needed to tackle the cash crunch in the sector. The sector has been hit by many company defaults amid a debt crisis since mid-2021, triggered by non-repayments of China Evergrande Group (3333.HK), the world's most indebted property developer. Sunac China (1918.HK), Logan Group (3380.HK) and KWG Group (1813.HK) listed in Hong Kong were among the top gainers, rising 4%-5%. Nomura said the "band-aid-style" policy support on Monday is unlikely to revive property sales, which have been weak for months, as it does little to restore home buyers' confidence.
Persons: Nomura, Clare Jim, Himani Sarkar, Sonali Paul Organizations: Analysts, China Evergrande, HK, Mainland Properties, CSI, Logan Group, KWG, People's Bank of China, CIMB Securities, Thomson Locations: HONG KONG, China, Hang, Hong Kong
☆ The Thai market is quite cautious despite opposition's 'big victory,' analyst says
  + stars: | 2023-05-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Thai market is quite cautious despite opposition's 'big victory,' analyst saysKasem Prunratanamala of CGS-CIMB Securities (Thailand) says the market is uncertain about whether the Move Forward Party can form a new government, and explains why Thai politics "is not that straightforward."
☆ Top China homebuilder Country Garden to book net loss for 2022
  + stars: | 2023-03-13 | by ( Clare Jim Donny Kwok | Clare Jim | Donny Kwok | ) www.reuters.com   time to read: +3 min
HONG KONG, March 13 (Reuters) - Top Chinese property developer Country Garden Holdings (2007.HK) said on Monday it expected to post its first net loss since listing in 2007 due to a sluggish property market and flagged a worse-than-feared drop in core profit. Country Garden said in a filing its estimated net loss would be between 5.5 billion yuan to 7.5 billion yuan ($799 million to $1.09 billion), down from a 26.8 billion yuan profit in 2021. It said core net profit was expected to be in the range of 1 billion yuan to 3 billion yuan, still positive but down sharply from 26.9 billion yuan in 2021 and well below analysts' forecasts for core profit around 9.3 billion yuan, according to SmartEstimate. Smaller developer Logan Group Co Ltd 3380.HK also said it expected to record a net loss of 7 billion yuan to 9 billion yuan for 2022. "We expect to see more profit warnings for both China property and property management ahead," said Raymond Cheng, head of China research at CGS-CIMB Securities Ltd.
☆ Most economists expect Thailand will see stronger GDP growth in 2023, analyst says
  + stars: | 2022-12-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost economists expect Thailand will see stronger GDP growth in 2023, analyst saysKasem Prunratanamala of CGS-CIMB Securities says foreign investors are more optimistic about the Thai market in 2023.
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