On September 29, LONGFOR GROUP rose 5.41% in regular trading, trading at 5.755 HKD/share, with turnover of approximately HKD 152 million. The rally was driven by continued market optimism surrounding the systematic real estate policy package issued by five ministries on August 28.
The \"8·28\" new policy, jointly released by the Ministry of Housing, Ministry of Natural Resources, PBOC, financial regulators, and CSRC, constitutes a systematic institutional restructuring of the real estate development model. Industry experts characterize the policy as long-term reform rather than short-term stimulus, with local implementation details and pilot rules expected to roll out within four to six weeks. The broader property sector rallied in tandem, with CHINA VANKE up 9.5%, RADIANCE HLDGS up 5.74%, SUNAC up 5.51%, CHINA RES LAND up 3.87%, and CHINA OVERSEAS up 3.8%.
On the company front, multiple brokerages maintain a \"Buy\" rating on LONGFOR GROUP. Huatai Securities set a target price of HKD 10.50, noting that operations and services revenue contribution is expected to increase, with development business drag on earnings projected to diminish significantly from next year. The company reported H1 revenue of RMB 39.8 billion, with operations and services revenue accounting for 34.4% of total revenue.
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