Midland Industrial and Commercial Shop earned 49.89 million yuan in 12%

In the first half of the year, the sales of industrial and commercial shops were still prosperous. The half-year net profit of Midland Industrial and Commercial Store (00459) was about 49.89 million yuan, an increase of 12% year-on-year. The bank believes that trade wars affect industrial and commercial transactions.

Trade war starts, investors turn to prudence

Midland Industrial and Commercial Store announced its 2018 interim results, with revenue of 411 million yuan, up 31% year-on-year, while net profit was about 49.89 million yuan, up 11.6% year-on-year. Huang Hancheng, executive director and chief executive officer of Midland Industrial and Commercial Services, said that in the first half of this year, a total of 5,345 registered transactions were recorded in the property and industrial properties, which was the highest since the implementation of the new hottest in 2013. The annual increase was about 21% and the registered amount increased to approximately 633.2. The company has also contributed to the increase in net profit.

For the market outlook, Huang Hancheng pointed out that the industrial and commercial transactions in the past two months have turned quiet. The main reason is that the Sino-US trade war has started. Although it has not brought any actual impact, many investors have turned to prudence and reduced transactions.

As for the interest rate hike is expected to rise next month, he believes that the industrial and commercial shops have been under low mortgages and the strength of investors is strong, even if the interest rate hike is not significant.

Hong Kong-Zhuhai-Macao Bridge high-speed rail shops are optimistic

He analyzed that the overall business and trade transactions in the second half of the year were stable, and with the opening of the Hong Kong-Zhuhai-Macao Bridge and the high-speed rail in the second half of the year, the infrastructure is expected to drive industrial and commercial property transactions and special retail markets, so it is still optimistic in the second half. In the group’s deployment, Huang Hancheng pointed out that the total number of employees in the bank was about 600. In the first half of the year, there were more recruits, and there was room for expansion in the second half of the year.