香港联交所最新资料显示，9月11日，林源庆减持美联集团(01200)70万股，每股均价2.2港元，总金额为 154万港元。减持后最新持股数目为3530万股，最新持股比例为4.92%。 ...

智通财经APP获悉，香港联交所最新资料显示，9月11日，林源庆减持美联集团(01200)70万股，每股均 价2.2港元，总金额为154万港元。减持后最新持股数目为3530万股，最新持股比例为4.92%。 ...

Core Insights - The overall property registration volume in Hong Kong for August was 6,459 cases, reflecting a month-on-month decrease of approximately 10%, but still showing a 3% increase compared to the average of 6,294 cases in the first seven months of the year, indicating robust property transactions [1][3] - Analysts suggest that the registration cases in August primarily reflect the market conditions of July, and despite rising interest rates, the market is expected to stabilize above 6,000 cases in September due to anticipated interest rate cuts in the U.S. and potential mortgage rate reductions in Hong Kong [3] Property Market Analysis - The secondary property market saw a weekly decline in transactions, with 67 cases recorded from August 25 to August 31, down approximately 18.3% from the previous week’s 82 cases, but still 8% higher than the year-to-date weekly average of about 62 cases [6] - In Kowloon, the transaction volume dropped significantly, with 19 cases recorded, a decrease of over 30% week-on-week, particularly affected by declines in specific estates such as Whampoa Garden and Ocean Park [6] - The Island district also experienced a decline, with 16 transactions, down about 11.1% week-on-week, despite some estates like Taikoo Shing seeing increases [7] - The New Territories recorded 32 transactions, also down approximately 11.1%, with notable decreases in estates like 嘉湖山庄 and 灏景湾, although some estates did see slight increases [7]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 美聯集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01200 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | ...

Group 1 - The latest "Centaline Property Confidence Index" in Hong Kong is reported at 76.2 points, showing a slight weekly increase of 0.1% [1] - Recent increases in interbank rates have led to HIBOR rates reaching their ceiling; however, market expectations for a rate cut in the US in September have increased [1] - The proportion of discounted properties in Hong Kong remains largely unchanged, with a slight rise in the confidence index [1] Group 2 - The latest "Centaline Property Price Index" is reported at 128.87 points, reflecting a weekly decrease of 0.17%, but a slight increase of 0.07% compared to four weeks ago, and a year-to-date increase of 0.58% [1] - Property prices across three regions in Hong Kong have shown a general decline on a weekly basis, with the Island index at 132.63 points (down 0.26%), Kowloon index at 134.19 points (down 0.1%), and New Territories index at 118.29 points (down 0.2%) [1] - Year-to-date price changes vary by region, with Kowloon and New Territories showing increases of 2.41% and 0.09% respectively, while the Island region has decreased by 2.42% [1]

Core Viewpoint - The Hong Kong residential property market has shown strong trading activity this year, with prices recovering from their lows and expected to rise by approximately 3% to 5% [1] Group 1: Market Performance - The overall residential property transactions are projected to increase by about 13% year-on-year, reaching a four-year high [1] - In the first seven months of the year, local individual buyers accounted for approximately 66.8% of the registered transactions for new private residential properties, marking a recovery since 2022 and surpassing the 50% threshold [1] - The forecast for second-hand residential transactions has been raised to 45,000 units, representing a year-on-year increase of over 9%, also a four-year high [2] Group 2: Economic Factors - The anticipated reduction in U.S. interest rates in the second half of the year is expected to sustain a low-interest environment, encouraging local buyers to enter the market [1] - The government’s removal of cooling measures, relaxation of mortgage rules, and reduction of stamp duty for properties priced at or below 4 million HKD are seen as positive factors for the market [2] - The overall property transaction volume is expected to reach 76,000 units, with a transaction value of approximately 570 billion HKD, reflecting an 11% year-on-year increase [2] Group 3: Challenges and Outlook - Despite the positive market trends, potential negative factors such as rising unemployment and sufficient short-term housing supply may exert pressure on prices [2] - The local economy's recovery in sectors like retail, dining, and tourism is crucial for sustained support of the property market [2] - The company reported a revenue of 2.518 billion HKD for the six months ending June 30, 2025, a decrease of 24.1% year-on-year, with a net profit of 151 million HKD, down 13% [2]

Group 1 - The chairman of Meilun Group, Huang Jianye, stated that the Hong Kong residential property market has maintained a high level of transactions this year, with property prices recovering from the bottom and expected to rise by approximately 3% to 5% [1] - The overall residential property transaction volume is projected to increase by about 13% year-on-year, reaching a four-year high [1] - Three new trends in the housing market were identified in the first half of the year: lower-priced properties leading the market, an overall situation of "increased volume but decreased value," and a resurgence in local buyers' purchasing power [1] Group 2 - Local individual buyers accounted for approximately 66.8% of the registered volume of primary private residential properties in the first seven months of this year, marking a recovery since 2022 and surpassing the 50% level [1] - The forecast for secondary residential transactions has been raised to 45,000 units, representing a year-on-year increase of over 9%, also a four-year high [1] - The expected transaction volume for primary residential properties is about 19,000 units, with a year-on-year increase of over 22%, the highest since the new regulations for primary residential properties took effect in April 2013 [1] Group 3 - The total residential property transactions for the year are expected to reach 64,000 units, with a transaction value of approximately 475 billion HKD, reflecting a year-on-year increase of about 5% [2] - The overall property transaction volume is projected to reach 76,000 units, with a transaction value of 570 billion HKD, also showing a year-on-year increase of about 6% [2] - Factors supporting the optimistic outlook for the property market include the government's withdrawal of cooling measures, relaxed mortgage policies, and reduced stamp duty for properties valued at 4 million HKD or below [2] Group 4 - Despite the positive trends, potential negative factors such as rising unemployment and short-term housing supply pressures may limit significant price increases [2] - The chairman emphasized that the main driver for the property market's rise is economic development, and local retail, dining, and tourism sectors still face challenges that require policy and tax support [2] - Meilun Group reported a revenue of 2.518 billion HKD for the six months ending June 30, 2025, a year-on-year decrease of 24.1%, with a net profit of 151 million HKD, down 13% [2]

Performance Summary - China Petroleum & Chemical Corporation (00386.HK) reported a revenue of 1,409.05 billion yuan, a decrease of 10.6% year-on-year, and a net profit of 21.483 billion yuan, down 39.8% year-on-year [2] - Kuaishou Technology (01024.HK) achieved a revenue of 67.654 billion yuan, an increase of 12.04% year-on-year, with a net profit of 8.9 billion yuan, up 9.9% year-on-year [2] - China National Pharmaceutical Group (01099.HK) recorded a revenue of 36.363 billion yuan, a decrease of 1.48% year-on-year, and a net profit of 295 million yuan, an increase of 1.02% year-on-year [2] - Miniso Group (09896.HK) reported a revenue of 9.393 billion yuan, a growth of 21.1% year-on-year, but a net profit of 906 million yuan, down 22.6% year-on-year [2] - Tuhu (09690.HK) had a revenue of 7.9 billion yuan, an increase of 10.5% year-on-year, with an adjusted net profit of 410 million yuan, up 14.6% year-on-year, and the number of stores increased to 7,205 [2] - Bilibili Inc. (09626.HK) reported a second-quarter revenue of 7.338 billion yuan, an increase of 19.76% year-on-year, and a net profit of 219 million yuan, turning from a loss of 609 million yuan in the same period last year [2] - Zaitong (00062.HK) achieved a revenue of 4.226 billion HKD, an increase of 3.98% year-on-year, and a net profit of 190 million HKD, up 57.94% year-on-year [2] - Xincheng Power (01148.HK) reported a revenue of 2.804 billion yuan, an increase of 7.06% year-on-year, but a net profit of 16.49 million yuan, down 25.49% year-on-year [2] - Fourth Paradigm (06682.HK) achieved a revenue of 2.626 billion yuan, an increase of 40.71% year-on-year, with an adjusted net loss of 44 million yuan, narrowing by approximately 71.2% from a loss of 152 million yuan in the same period last year [2] - Meilian Group (01200.HK) reported a revenue of 2.518 billion HKD, a decrease of 24.1% year-on-year, and a net profit of 151 million HKD, down 13% year-on-year [2] - Baisheng Group (03368.HK) achieved a revenue of 1.963 billion yuan, an increase of 0.93% year-on-year, and a net profit of 22.468 million yuan, turning from a loss of 18.641 million yuan in the same period last year [2] - Yuexiu Services (06626.HK) reported a revenue of approximately 1.962 billion yuan, a slight increase of 0.09% year-on-year, with a net profit of approximately 240 million yuan [2] - Yika (09923.HK) achieved a revenue of 1.64 billion yuan, an increase of 4% year-on-year, and a net profit of 43.075 million yuan, up 36.2% year-on-year [2] - Gaoweidianzi (01415.HK) reported a revenue of 1.36 billion USD, an increase of 132.2% year-on-year, with a net profit of 67.398 million USD, up approximately 320% year-on-year [2] - BOC Aviation (02588.HK) achieved a revenue of 1.242 billion USD, an increase of 6% year-on-year, but a net profit of 342 million USD, down 26% year-on-year [2] - Jiuxing Holdings (01836.HK) reported a revenue of 775 million USD, an increase of 0.7% year-on-year, but a net profit of 78.633 million USD, down 14.5% year-on-year [2] - Sinopec Kantons Holdings (00934.HK) reported a revenue of approximately 307 million HKD, a decrease of 7.2% year-on-year, and a net profit of approximately 563 million HKD, down 17.8% year-on-year [2] - Great Wall Holdings (00583.HK) issued a profit warning, expecting a mid-term net loss of 266 million to 294 million HKD, a significant shift from profit to loss [2] Company News - Shengye (06069.HK) has initiated a global strategic layout to build an AI + international supply chain technology platform [2] - Yuan Zheng Technology (02488.HK) plans to develop a strategic layout for equipment assetization and related RWA applications [2] - Oconview Biosciences (01477.HK) announced that the second Phase III clinical trial of OT-301 has reached its primary endpoint [2] Buyback Activities - Tencent Holdings (00700.HK) repurchased 928,000 shares at a cost of 551 million HKD, with a buyback price ranging from 590 to 597 HKD [2] - HSBC Holdings (00005.HK) repurchased approximately 1.33 million shares at a cost of about 132 million HKD, with a buyback price ranging from 98.6 to 99.55 HKD [2] - Techtronic Industries (00669.HK) repurchased approximately 25,000 shares at a cost of about 25.085 million HKD, with a buyback price ranging from 99.5 to 101.6 HKD [2] - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of 22.4935 million HKD, with a buyback price ranging from 111.8 to 112.8 HKD [2]

Core Insights - The company reported a revenue of HKD 2.518 billion for the six months ending June 30, 2025, representing a year-on-year decline of 24.1% [1] - Net profit for the same period was HKD 151 million, down 13% year-on-year [1] - Basic earnings per share were HKD 0.2112 [1] Performance Analysis - Despite the absence of significant changes in real estate policies during the reporting period, the company's mid-term performance remained stable [1] - The stability is attributed to the company's proactive restructuring, resilient and flexible business model, and its ability to adapt to new trends in the Hong Kong real estate market [1]

美联集团(01200)发布截至2025年6月30日止六个月业绩，收益25.18亿港元，同比下降24.1%;净利润1.51 亿港元，同比下降13%;每股基本盈利21.12港仙。 自去年全面撤销所有楼市需求管理措施以来，尽管中期期间未有重大楼市政策变动，集团中期业绩仍见 稳健，主要得益于集团超前重整架构，强韧而灵活的业务模式，以及集团把握香港楼市新趋势的能力。 ...