Core Viewpoint - Far East Development (00035) anticipates a shareholder loss of no more than HKD 990 million for the six months ending September 30, 2025, compared to an estimated loss of approximately HKD 770 million for the six months ending September 30, 2024, primarily due to decreased property sales and various impairment losses [1] Financial Performance - The expected loss is attributed to a reduction in property sales and impairment losses, including those related to properties held for sale and losses recognized from an associate and a joint venture [1] - Despite the anticipated losses, the company expects adjusted cash profit (non-GAAP financial measure) to be no less than HKD 180 million for the six months ending September 30, 2025, compared to approximately HKD 33 million for the same period in 2024 [1] - The company also expects an improvement in the adjusted net debt-to-equity ratio as of September 30, 2025, compared to the adjusted net debt-to-equity ratio as of March 31, 2025 [1]

Core Viewpoint - Southbound funds have reduced their holdings in Dingyi Group Investment (00508.HK) by 22,500 shares on November 20, with a total net reduction of 547,500 shares over the past five trading days and 1,449,500 shares over the past twenty trading days [1][2] Group 1: Shareholding Changes - As of November 20, 2025, Southbound funds hold a total of 33,223,500 shares of Dingyi Group Investment, representing 3.9% of the company's issued ordinary shares [1] - The shareholding changes over recent trading days include: - November 20: -22,500 shares (-0.07%) [2] - September 25: -75,000 shares (-0.23%) [2] - September 23: -55,000 shares (-0.16%) [2] - September 17: -320,000 shares (-0.95%) [2] - September 15: -75,000 shares (-0.22%) [2] Group 2: Company Overview - Dingyi Group Investment Limited primarily engages in loan financing, operating through four business segments: loan financing, property development, securities trading, and restaurant operations [2]

本期间取得亏损主要由于本集团出售若干资产(包括持作出售物业及合营企业权益)的策略性决定，以加 强流动性，让本公司在当前充满挑战的市场环境中得以实现可持续增长。鉴于房地产市场持续低迷，尽 管上述资产出售导致本期间产生会计亏损，但为本集团带来即时现金流入并大幅减低净负债。董事会认 为此举对于支持本集团资本结构及维持财务灵活性至关重要，有助把握未来投资机会及推动业务持续发 展。自2024年4月1日至2025年9月30日期间，因资产出售，本集团净债务较2024年3月31日减少约12.02 亿港元，降低约30.1%。此举旨在确保本集团于当前市场不明朗的情况下具备韧性与适应力。 尽管取得中期亏损，本集团于本期间创下历史新高的订约销售总额，达到约16.37亿港元，较2024年同 期的12.47亿港元大幅增加约31.3%。截至2025年9月30日，已订约但未确认的销售额约为26.74亿港元， 预期将于相关物业项目完成及交付后在各附属公司及合营企业的损益账内确认为收入。 公告称，预期亏损主要由于以下因素所致：(1)出售酒店项目的合营企业公司20%权益而产生的出售亏损 约2.08亿港元。(2)毛利由截至2024年9月30日止6个 ...

北京商报讯（记者 王寅浩 李晗）11月14日，合生创展披露10月未经审核经营简报。简报显示，10月合 生创展连同其附属公司及其合营公司及联营公司的总合约销售金额约为19.01亿元。其中，物业合约销 售约16.49亿元；装修合约销售约2.52亿元。 ...

Core Viewpoint - 嘉创地产 (02421) expects a decline of approximately 50% in profit attributable to equity holders for the six months ending September 30, 2025, compared to the same period in 2024, primarily due to market fluctuations in the mainland real estate sector and a decrease in the fair value of investment properties [1] Financial Performance - The company has maintained a healthy financial status since its listing, with a net cash position and no bank borrowings [1] - The board believes that the group remains financially robust and operationally resilient despite the anticipated profit decline [1]

Core Insights - The total contract sales amount for the company and its joint ventures and associates reached approximately RMB 13.165 billion for the ten months ending October 31, 2025 [1] - Property contract sales accounted for approximately RMB 11.719 billion, while renovation contract sales were about RMB 1.446 billion [1] - In October 2025 alone, the total contract sales amounted to approximately RMB 1.901 billion, with property sales at around RMB 1.649 billion and renovation sales at approximately RMB 0.252 billion [1] Sales Performance - For the ten months ending October 31, 2025, the total property contract sales area was approximately 499,644 square meters, with an average selling price of about RMB 23,460 per square meter [1] - The total contract sales area for properties managed under the "He Sheng" brand was approximately 53,477 square meters, with a contract sales amount of about RMB 4.706 billion [1] - In October 2025, the contract sales area for "He Sheng" managed properties was approximately 3,298 square meters, with a sales amount of about RMB 261 million [1] Comparison with Previous Period - The total contract sales amount for the first ten months of 2025 was approximately RMB 13.165 billion, compared to approximately RMB 11.264 billion for the first nine months of the same year [2]

Core Insights - The total contract sales amount for the company and its joint ventures and associates for the ten months ending October 31, 2025, was approximately RMB 13.165 billion, representing a year-on-year decrease of 9.46% [1] - In October 2025 alone, the total contract sales amount was approximately RMB 1.901 billion, showing a year-on-year increase of 15.28% [1] Sales Breakdown - Property contract sales amounted to approximately RMB 11.719 billion for the ten months, while renovation contract sales were about RMB 1.446 billion [1] - For October 2025, property contract sales were approximately RMB 1.649 billion, and renovation contract sales were around RMB 0.252 billion [1] Sales Area and Pricing - The total property contract sales area for the ten months was approximately 499,644 square meters, with an average selling price of about RMB 23,460 per square meter [1] - The total contract sales area for non-self-invested properties managed under the "He Sheng" brand was approximately 53,477 square meters, with a contract sales amount of about RMB 4.706 billion [1] - In October 2025, the contract sales area for properties managed by He Sheng was approximately 3,298 square meters, with a contract sales amount of about RMB 0.261 billion [1]

Core Viewpoint - The total contract sales amount of the company and its joint ventures and associates for the ten months ending October 31, 2025, is approximately RMB 13.165 billion, representing a year-on-year decrease of 9.46% [1] Group 1: Sales Performance - For the ten months ending October 31, 2025, the property contract sales amount is approximately RMB 11.719 billion, while the renovation contract sales amount is approximately RMB 1.446 billion [1] - In October 2025 alone, the total contract sales amount is approximately RMB 1.901 billion, showing a year-on-year increase of 15.28% [1] - The property contract sales for October 2025 are approximately RMB 1.649 billion, and the renovation contract sales are approximately RMB 0.252 billion [1] Group 2: Sales Area and Pricing - The total property contract sales area for the ten months ending October 31, 2025, is approximately 499,644 square meters, with an average selling price of approximately RMB 23,460 per square meter [1] - The total contract sales area for non-self-invested properties managed under the "He Sheng" brand for the ten months is approximately 53,477 square meters, with a contract sales amount of approximately RMB 4.706 billion [1] - In October 2025, the contract sales area for properties managed under the "He Sheng" brand is approximately 3,298 square meters, with a contract sales amount of approximately RMB 261 million [1]

Core Viewpoint - Southbound funds have increased their holdings in Yuehai Investment (00270.HK) by 1.138 million shares on November 11, 2025, indicating a positive trend in investor sentiment towards the company [1]. Group 1: Shareholding Changes - In the last 5 trading days, southbound funds have increased their holdings for 5 days, with a total net increase of 8.454 million shares [1]. - Over the past 20 trading days, there have been 18 days of net increases, totaling 40.0937 million shares [1]. - As of now, southbound funds hold 511 million shares of Yuehai Investment, accounting for 7.82% of the company's total issued ordinary shares [1]. Group 2: Company Overview - Yuehai Investment Co., Ltd. primarily engages in water supply and wastewater treatment as an investment holding company [2]. - The company operates through seven divisions, including water resources, property investment and development, department store operations, power generation, hotel management, and toll road operations [2].

Core Viewpoint - 德祥地产预计截至2025年9月30日的六个月内，公司拥有人应占净亏损将不低于1亿港元，相比2024年同期的约5.04亿港元，显示出亏损的显著减少 [1] Financial Performance - 预计本期间净亏损减少的主要因素包括：房地产市场依然低迷，尤其是商业房地产，集团预计将继续面临物业估值亏损，但该亏损预计低于2024年期间的亏损 [1] - 预计本期间物业存货的减值亏损将为零，而2024年期间为8500万港元 [1] - 集团投资物业的公平值减少预计为不少于2000万港元，低于2024年期间的4500万港元 [1] - 应占合营公司在中国的商业物业公平值亏损预计为不少于7000万港元，较2024年期间的4390万港元有所增加 [1] Cost Management - 由于2025年3月出售一个海外物业，营运成本预计将降低 [1] - 集团持续执行严格的成本控制措施，预计行政及一般费用将减少至不少于5000万港元，较2024年期间的1.07亿港元大幅下降 [1] - 2024年期间因出售加拿大一间酒店物业的50%权益而产生的约2.2亿港元的亏损在本期间将不再存在 [1]