On September 14, LONGFOR GROUP fell 5.2% in regular trading, trading at HKD 5.375 per share with turnover of HKD 114 million, hitting a 52-week low. The decline came amid persistent weakness across Hong Kong-listed mainland property stocks, driven by elevated US Treasury yields and continued fundamental headwinds.

On the macro front, strong US August PPI data has pushed the probability of a Fed rate hike to nearly 70%, with the 10-year US Treasury yield approaching 5%, exerting additional pressure on rate-sensitive real estate equities. Citi expects the mainland property sector to remain volatile through September to December, with high-turnover model developers facing the most strain.

On fundamentals, LONGFOR GROUP reported H1 core profit of just RMB 0.64 billion, a year-on-year plunge of approximately 95%, with its development segment still in a loss-making phase. August contract sales of RMB 2.2 billion showed limited recovery momentum. Additionally, major shareholder Cai Kui sold 5 million shares in early September at an average price of HKD 6.70, reducing his stake to 18.93%, further dampening market sentiment.

(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.)