20/12/2017-9

The valuation of chain investment property Zhuang agency attracted

Hong Kong stocks yesterday, with peripheral US stocks made up nearly 300 points to close at 29,254 points, still rose 203 points or 0.7%, turnover of 94.24 billion yuan. The rally in the broader market expanded. Tencent (0700), Ping An Insurance (2318), and Apple and related stocks in the previous strong blue chip stocks became the major funds sought after.

Zhuangshi (0367), together with Xinzhi (0083), bid for the Urban Renewal Authority in Mong Kok, Reclamation Street / Street project in Mong Kok, the two shares are preferred, the former has seen 1.85 yuan high, the final flat 1.82 yuan, and The latter rose 0.76%. The new Reclamation Street / Shandong Street project adjacent to Langham Place, accessible traffic. With a site area of ​​about 15,000 sq ft, it will build a residential home and introduce greening and smart home design. Upon completion of the project, it is estimated that it will provide about 112,200 square feet of residential area and about 24,400 square feet of commercial space.

The URA is planning to conduct pilot projects in Yau Ma Tei and Mong Kok to launch district planning studies to enhance the current land use efficiency and the potential for redevelopment in the area.

Zhuangshi Agency this year to actively expand the land bank in Hong Kong, so as to rebuild the project’s development potential. The Group announced earlier that it has successfully acquired the entire title of 20 Tsuen Chi Street, Central, Hong Kong, 83% of No. 16, and about 81% of No. 18 on 18th and will take steps to complete the acquisition of title to the remaining units of the project, To plan to build a commercial and commercial building with a total gross floor area of ​​about 36,000 square feet. These projects are expected to help optimize the Group’s development mix and benefit from government-related policies and become the Group’s profit growth point in the future.

Sales of up to 760 million expansion of property investment

On the other hand, Chuangshi announced earlier that it has entered into an agreement with Qingda Development to sell approximately 2.014 billion shares of Chinata Group (1172) at a consideration of RMB789 million, representing approximately 60.82% of the issued share capital of Chinata, at a price per share About 0.392 Hong Kong dollar. The disposal not only streamlined the Group structure, but also generated a net income of about 360 million yuan and realized cash of about 765 million yuan. It is expected that the sale of land-based products will be continued and the investment property landscape will be renewed in the near future. The development potential can not be ignored.

In addition, the Group has been actively deploying and enhancing its property portfolio in recent years. Following the acquisition of London office space for about £ 79 million last year, the group went on sale in April this year for a consideration of $ 301 million for the Bund Commercial and Commercial Building in Sham Shui Po, Kowloon. According to historical records, Zhuang Shixian company income will increase the dividend. Zhuang agency current price-earnings ratio of 2.42 times, P / B of 0.31 times the valuation is still low, while the rate of more than 4%, dividend payout is good. In good news, the stock short-term strong test of $ 1.95 high resistance.