KWG Propert Since its inception in 1995, Zhagen Guangzhou has a total of 153 projects in 38 cities in the Mainland and Hong Kong, covering mid- to high-end residential properties, villas, serviced apartments, office buildings, hotels, shopping. Center and so on
The Group’s pre-sales amount in October this year was approximately RMB 10.13 billion, a significant increase of 1.2 times compared with the same period of last year. The pre-sale construction area was approximately 658,000 square meters, an increase of 1.3 times compared with the same period of last year.
In addition to developing its own projects, the Group has also developed in cooperation with other real estate developers
For example, the Kai Tak Square Phase II residential development project “Upper River Bank”, which was developed in cooperation with the Longhu Group, has a total of about HK$3.5 billion. The second batch of projects received four times the number of tickets collected for the first batch. In view of the enthusiasm, I believe that there will be similar sales arrangements in the short term, which also reflects the Group’s cooperation in this area to expand growth.
In terms of land bank, with the strategic development of the Yangtze River Delta and the deep-growing Dawan District, the Group has supplemented enough land in first- and second-tier cities such as Nanning, Hangzhou, Shenzhen, Guangzhou and Chongqing to cope with the development of new projects in the future
In addition, the Group has set up shopping centers in first- and second-tier cities across the country, and focused on the development of related cities in order to achieve sustainable and defensive stable rental income, one of its growth highlights.
In terms of finance, the Group’s short-term debt accounts for about 14% of the total interest-bearing liabilities. It is considered to be at a relatively low level of repayment pressure, with medium and long-term debts as the mainstay; and with sufficient cash in hand, it is highly resistant to risks. In summary, with the overall development of the domestic real estate market in the second half of the year, coupled with the continued growth of first- and second-tier cities, housing demand continues to increase, and the development of the Yangtze River Delta region and Guangdong, Hong Kong, Macao and Dawan District’s KWG will be able to Continue to benefit. Consider buying at the current price, looking up HK$9.8, falling below HK$7.8 stop loss.