Shell-W (02423) rose more than 4%, reaching a new high of HK$48 since September last year. As of press release, it rose 4.25% to HK$47.85, with a turnover of HK$78.601 million.
The Zhitong Finance App learned that Seashell-W (02423) rose by more than 4%, reaching a new high of HK$48 since September last year. As of press release, it rose 4.25% to HK$47.85, with a turnover of HK$78.601 million.
According to the news, policy actions in the real estate industry have continued recently after an important conference proposed to absorb existing real estate in an integrated manner and optimize incremental housing. First, the housing purchase restrictions were lifted in Hangzhou and Xian, and then the Lin'an district of Hangzhou indicated that commercial real estate would be collected and stored. CITIC Securities anticipates that a multi-pronged policy to absorb existing housing stocks will work. Furthermore, according to data released by the Shenzhen Real Estate Agents Association on the 13th, the city's second-hand housing transaction volume (including self-service) recorded 1,361 units last week, an increase of 201.8% over the previous week.
According to reports, in 2023, Shell's stock housing business GTV was 2.0 trillion yuan, up 29% year on year; stock housing business revenue was 28 billion yuan, up 16% year on year. Also, under the influence of changes in the transaction structure, the monetization rate of the stock housing business fell to 1.38% and the contribution profit margin rose to 47% throughout 2023. Guojin Securities pointed out that with trade-in to revitalize stock, activity in the second-hand housing market has increased, and recommended Shell, an intermediary platform that benefits from increased liquidity in stock housing.