72% more capital strategy earn no hurdle disk

Capital Strategy  announced its interim results ended September. Its net profit was RMB 214 million, up 72.1% from a year earlier. Earnings per share were 2.13 cents, maintaining no interim interest. During the period, the total revenue was RMB1.171 billion, a sharp increase of nearly 2.9 times. This included sales income of RMB1.03 million and rental of RMB141 million. The increase in revenue was mainly due to the increase in property sales during the period.

Chairman Chung Chor-yi said that in the first half of the year, several achievements were made, including the issuance of perpetual bonds for the first time in September to raise a capital of 200 million U.S. dollars at a coupon rate of 5.75%, a rare property for medium-sized developers; 204 points sold out in two months, and the partnership Yongtai Real Estate (00369) won the Central Link Chi Street / Graham Street URA project, a milestone.

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He predicts that the property market will develop steadily next year mainly due to the slowdown in the interest rate curve and the “going global” of mainland funds. It is estimated that there will be better trading on the trades, especially in urban areas. The company continues to be optimistic about the office market, due to less supply, more investors, and will not be involved in the property market spicy trick. Zhong Chuyi revealed that the company will continue to invest. Recently, the enthusiasm of Chinese investors to grab land has been reduced. The land price trend is stable. The medium-sized construction site will be wholly-owned, while the projects with a capacity of more than 300,000 square feet will be joint ventures.

Chung Chor-yi pointed out that next year there are several projects available for launch, but the amount of hands on hand, will not rush to push the disk, Jardine Jubilee Jardine 47 and 49 project is the most mature, 16 large-area units have been flat-topped, The first half of next year will launch sales promotion, is expected to be completed by the end of.

As for the construction sites in Kowloon Bay where Billion Beijing and Xinzhi (00083) were developing smoothly, the earlier acquisition of Zhongjing Commercial Building has sold 13 of the 18-storey office floors; the number of Shelley Streets 2-4 being under construction Property progress ideal, ready to sell, to be close to Jingjing commercial buildings will sell open.