CG SERVICES(06098) Stock Price Today | Quotes & News - Moomoo

HK Stock MarketDetailed Quotes

06098 CG SERVICES

Watchlist

6.640
-0.390-5.55%

Market Closed May 7 16:08 CST

22.20BMarket Cap11.37P/E (TTM)

Intraday

5D
Daily
Weekly
Monthly
1Q
1Y

Trade Overview

Unit: --

Capital Trend

IntradayDayWeekMonth

No Data

News

Country Garden Services to Provide 1 Billion Yuan Loan Facilities
MT Newswires06:29 ET
Hong Kong stocks fluctuating | CG SERVICES (06098) is currently down more than 5%. The company provided a loan of 1 billion yuan to the Shareholder to support the group's efforts to ensure delivery of properties.
CG SERVICES (06098) has fallen over 5%. As of the time of writing, it is down 5.55%, trading at 6.64 Hong Kong dollars, with a trading volume of 0.208 billion Hong Kong dollars.
Zhitong Finance23:24 ET
Express News | Country Garden Services - Co to Provide Revolving Loan Facilities in an Aggregate Principal Amount of RMB1 Bln
Reuters18:31 ET
The Hong Kong overall property registration volume in April reached 7,229 transactions, a 5-month high.
According to the comprehensive data from the Land Registry provided by Midland Realty Research Center, in April, the total property registrations in Hong Kong (including new private homes, second-hand Residences, new public housing, commercial shops, parking spaces, and Other) amounted to a total of 7,229, representing a month-on-month increase of approximately 8.5% compared to 6,661 in March, reaching a five-month high and surpassing the 7,000 mark for the first time since last November.
Zhitong FinanceMay 6 09:09 ET
[Brokerage Focus] BOCOM INTL maintains a Buy rating on CG SERVICES (06098), believing that the decline in future revenue and gross margin will become more stable.
According to BOCOM INTL Research Reports, after CG SERVICES (06098) submitted its annual report for the fiscal year 2024 and provided more detailed information, the bank has adjusted its Financial Estimates. The bank stated that in 2024, revenue is expected to grow by 3.2% year-on-year to 43.99 billion yuan (RMB, same below), with an overall gross margin declining by 1.4 percentage points to 19.1%. The core Business revenue's proportion is expected to increase to approximately 87.0% in 2024, while the non-owner value-added service revenue, which is most affected by market conditions, accounts for only about 1.6% of the total annual revenue. The bank believes that the company's future revenue and gross margin decline will stabilize more.
Jinwu Financial NewsMay 5 20:48 ET
CG SERVICES: 2024 ANNUAL REPORT
HKEXApr 24 07:16 ET · Announcements

Comments

Dec 18, 2024 18:39

Good but still not out of the woods.

CHINA NOV AVERAGE HOME PRICES FELL 0.2% ON MONTH VS. 0.51% DROP IN OCT, AVERAGE HOME PRICES FELL 6.1% ON YEAR VS. 6.2% DROP.
MORE CITIES SAW HOUSING PRICE M/M INCREASES. HOME PRICES FELL ON MONTH IN 49 OF 70 CITIES VS. 63, FELL ON YEAR IN 67 OF 70 CITIES VS. 67 IN OCT.
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $AGILE GROUP (03383.HK)$ $AGILE GROUP HOLDIN (AGPYY.US)$ $LONGFOR GROUP HLDG (LGFRY.US)$ $LONGFOR GROUP (00960.HK)$ $EVERGRANDE (03333.HK)$

2

Dec 5, 2024 09:53

COUNTRY GARDEN Nov Contracted Sales Plunge ~51% YoY

Country Garden November property sales drop worsens to 51% from down 31% in October.
Not indicative of China’s overall property market IMHO. Country Garden’s reputation is shot and few believe they can meet their obligations to buyers.
$COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $AGILE GROUP (03383.HK)$ $AGILE GROUP HOLDIN (AGPYY.US)$ $EVERGRANDE (03333.HK)$ $Hang Seng H-Share Index ETF (02828.HK)$

7

Oct 18, 2024 15:47

1⃣ China's Jan-Sept realestate development investment fell by 10.1% y/y to 7.87 trillion yuan.
2⃣Residential housing sales areas decline narrowed to -17.1% y/y at 703 million square meters, and the total sales down by 22.7% y/y to 6.89 trillion yuan. (narrowed)
3⃣Developing funds in place down 20.0% y/y(narrowed) to 7.89 trillion yuan.
4️⃣Sentiment 92.41
$LONGFOR GROUP (00960.HK)$ $CG SERVICES (06098.HK)$ $AGILE GROUP (03383.HK)$ $EVERGRANDE (03333.HK)$

+1

Officials say the real estate market is bottoming out. What’s your view on China's property market?

6

Oct 18, 2024 11:12

The consistent MoM decline in property prices is why Beijing is pushing supportive policies.

I’d be worried if the rate of decline does not significantly lessen in October given the reports of a more active buyer market since the National Day holiday.
ALL CHINA SEPT NEW HOME PRICES -0.7% M/M (AUG -0.7%), -5.8% Y/Y (AUG -5.3%). STABILIZED M/M, WITH Y/Y DECLINES WIDENING.
HOME PRICES FELL M/M IN 66 OF 70 CITIES VS. 67 IN AUG, FELL Y/Y IN 68 CITIES, VS 68 IN AUG.
$CG SERVICES (06098.HK)$ $LONGFOR GROUP (00960.HK)$ $EVERGRANDE (03333.HK)$ $AGILE GROUP (03383.HK)$

Officials say the real estate market is bottoming out. What’s your view on China's property market?

2

2

Oct 17, 2024 20:24

When this property “white list” initiative was launched at the start of the year, it was being downplayed as a failed policy by mainstream media.

Today, it appears it has been successful based on the amount of approved loans made - DOUBLE the original budget. And now, Beijing is boosting that original budget by almost 3X to 4 trillion yuan.
Seems as if a recovery was already starting to take form underneath the surface. Now, they are addressing the demand side with lower mortgage rates, easier ...

When this property “white list” initiative was launched at the start of the year, it was being downplayed as a failed policy by mainstream media.

When this property “white list” initiative was launched at the start of the year, it was being downplayed as a failed policy by mainstream media.

Officials say the real estate market is bottoming out. What’s your view on China's property market?

3

Read more