MIDEA REAL EST Surges Over 5% in Morning Trading on Strong Golden Week Performance of 340 Million Yuan

Deep News
Oct 10

MIDEA REAL EST (03990) surged over 8% during trading, and as of press time, the stock was up 5.11% to HK$4.94, with a trading volume of HK$24.0635 million.

On October 9, MIDEA REAL EST released its operational data for the National Day Golden Week. The data showed that the company achieved transaction amounts of 340 million yuan during the Golden Week period, with 3,882 visitor groups and 378 units sold.

Notably, following the restructuring in October 2024, MIDEA REAL EST has taken over the full-chain development and management of existing real estate development resources from its controlling shareholder. Management previously indicated at the interim results conference that the company's performance growth rate is expected to maintain around 20% in 2025.

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