Zhenro Properties Group

Zhenro Properties Group Ltd. Zhenro Properties Group Limited is an investment holding company principally engaged in the sale of properties. Along with its subsidiaries, the Company provides sales of properties, property leasing business, provision of commercial property management services, and sales of goods and provision of design consultation services.
  • Ticker6158
  • ISINKYG9897E1098
  • ExchangeHong Kong Stock Exchange
  • SectorReal Estate Investment & Services
  • CountryCayman Islands

Analysts

UOB
Nick Liu Sunliang

China Property - Weekly: Financing channel may not tighten further.

Last week (7- 13 July), 37,011 new houses were sold in the 30 cities we monitor, down 6.0% wow. Transaction area totalled 3.87m sqm, down 6.1% wow. New inventory in 15 cities increased 61.3% wow. Transaction-to-new-launch ratio reached 1.30x, higher than the 0.75x in the week of 30 June-6 July. Leading developers are trading at 4.1-9.2x 2019F PE and at a 21.4-65.2% discount to NAV last week. Maintain OVERWEIGHT.

UOB
Shaun Tan

CHINA PROPERTY SECTOR: 52-page report - Price = US$500:-

UOB Kay Hian published on 11th July this report on the China Property Sector, which contains 5 actionable investment ideas and includes forecasts for 2019, 2020 and 2021 for the companies’ key data (including net turnover, operating profit, EPS, PER, PBR, ROE and dividend yield). The report has sections on:- * Investment Highlights: page 1; * Determining Housing Demand Based On Population Changes: pages 3 – 7; * Integration In Yangtze River Delta (YRD) Bringing Opportunities: pages 8 – 11; * Greater Bay Area (GBA) To Outperform Rest Of China And Globally: pages 12 – 15; Stock Picks:- * Ronsh...

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property - Embracing megacity clusters.

With the government’s efforts to foster and develop city clusters in China, we see huge housing demand in core metroplolitan areas arising from urbanisation and cross-regional population flows into those areas. The YRD and GBA will remain the main magnets for population in the future, given their vast potential. Urbanisation rates in YRD (68.5%) and GBA (84.4%) are higher than in the rest of China (59.58%). Maintain OVERWEIGHT. Our top picks are CIFI, Ronshine and Times China.

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property: Embracing megacity clusters. OVERWEIGHT

With the government’s efforts to foster and develop city clusters in China, we see huge housing demand in core metroplolitan areas arising from urbanisation and cross-regional population flows into those areas. Naturally, the YRD and GBA will remain the main magnets for population in the future, given their vast potential. Urbanisation rates in YRD (68.5%) and GBA (84.4%) are notably higher than in the rest of China (59.6%). Maintain OVERWEIGHT with CIFI, Ronshine and Times China as top BUYs.

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property: Embracing megacity clusters. OVERWEIGHT

With the government’s efforts to foster and develop city clusters in China, we see huge housing demand in core metroplolitan areas arising from urbanisation and cross-regional population flows into those areas. Naturally, the YRD and GBA will remain the main magnets for population in the future, given their vast potential. Urbanisation rates in YRD (68.5%) and GBA (84.4%) are notably higher than in the rest of China (59.6%). Maintain OVERWEIGHT with CIFI, Ronshine and Times China as top BUYs.

UOB
Nick Liu Sunliang

China Property - Weekly: Financing channel may not tighten further.

Last week (7- 13 July), 37,011 new houses were sold in the 30 cities we monitor, down 6.0% wow. Transaction area totalled 3.87m sqm, down 6.1% wow. New inventory in 15 cities increased 61.3% wow. Transaction-to-new-launch ratio reached 1.30x, higher than the 0.75x in the week of 30 June-6 July. Leading developers are trading at 4.1-9.2x 2019F PE and at a 21.4-65.2% discount to NAV last week. Maintain OVERWEIGHT.

UOB
Shaun Tan

CHINA PROPERTY SECTOR: 52-page report - Price = US$500:-

UOB Kay Hian published on 11th July this report on the China Property Sector, which contains 5 actionable investment ideas and includes forecasts for 2019, 2020 and 2021 for the companies’ key data (including net turnover, operating profit, EPS, PER, PBR, ROE and dividend yield). The report has sections on:- * Investment Highlights: page 1; * Determining Housing Demand Based On Population Changes: pages 3 – 7; * Integration In Yangtze River Delta (YRD) Bringing Opportunities: pages 8 – 11; * Greater Bay Area (GBA) To Outperform Rest Of China And Globally: pages 12 – 15; Stock Picks:- * Ronsh...

UOB
Nick Liu Sunliang ...
  • Shaun Tan

China Property - Embracing megacity clusters.

With the government’s efforts to foster and develop city clusters in China, we see huge housing demand in core metroplolitan areas arising from urbanisation and cross-regional population flows into those areas. The YRD and GBA will remain the main magnets for population in the future, given their vast potential. Urbanisation rates in YRD (68.5%) and GBA (84.4%) are higher than in the rest of China (59.58%). Maintain OVERWEIGHT. Our top picks are CIFI, Ronshine and Times China.

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