On July 29, LONGFOR GROUP rose 4.74% in regular trading, trading at HKD 7.07/share, with turnover of approximately HKD 89.27 million.

The rally was driven by a broad-based surge in mainland property stocks, as first-half key city housing market performance exceeded expectations and second-half real estate policy expectations were further elevated. On the company front, LONGFOR GROUP reported cumulative first-half contract sales of RMB 16.55 billion, while its domestic credit bond balance has been reduced to approximately RMB 1.8 billion. Fitch previously affirmed its rating outlook as stable, significantly easing near-term debt maturity pressure. Morgan Stanley noted that the company's deleveraging progress is back on track and its shopping mall rental performance continues to improve.

Within the Real Estate Development sector, peers also posted gains, with SUNAC up 5.66%, CHINA OVERSEAS up 1.94%, CHINA RES LAND up 1.49%, and HENDERSON LAND up 0.28%. However, institutions cautioned that property developers' cash flow recovery still requires joint improvement in both sales and financing conditions, as domestic loan funding fell 31.7% year-over-year and self-raised funds declined 16.4%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)