Why do listed companies suddenly concentrate on selling real estate? The market is worried that once the property is sold out, what assets can these listed companies sell to boost their performance?
The market believes that, on the one hand, with the continuous introduction of real estate control policies by local governments, a considerable number of listed companies believe that there is little room for real estate investment appreciation and are taking advantage of high housing prices to settle down first, which shows that listed companies are beginning to be cautious about the future trend of real estate. On the other hand, in order to do a good job in the semi-annual report, listed companies sell or transfer inefficient assets, which can not only improve financial indicators such as return on net assets, but also make the company despise assets, which is in line with the taste of the current market and provides convenience for the company's stock rise and refinancing. Some analysts believe that in the market, the prices of non-ferrous markets represented by spiral spinning steel and iron sandstone have risen sharply, and the prices of agricultural products represented by pork and eggs have also risen sharply. This shows that market funds have not entered the real economy, but have made waves in the commodity and capital markets.
In the same period last year, Hongdu stock emptied 955 million "investment real estate".
This year's semi-annual report data are all released, and there are actually 65,438+065,438+063 investment real estate holdings, less than the first quarterly report. The market was surprised to find that 77.8% of the listed companies that disclosed investment properties were selling houses.
According to market statistics, representatives of listed companies selling real estate are: Hongdu Co., Ltd. emptied 955 million "investment real estate" in the same period last year. Zoomlion disposed of "investment property" worth more than 60 million yuan in the first half of the year. In the first half of the year, Tiantan Bio disposed of "investment real estate" worth more than 34 million yuan. In addition, the investment properties of Yuanda Holdings, Tianxia Zhihui, Shandong Yao Bo, Western Mining and Chenming Paper were also cleared.
14 brokerage 9 real estate investment shrank in the first half of the year.
Beijing Youth Daily reporter noted that, as one of the most sensitive groups to the market, 14 listed brokers showed in this year's semi-annual report that by the end of the second quarter, the investment real estate projects of nine companies had shrunk compared with the end of 20 16. In the same period, only five companies including CITIC Securities and Industrial Securities increased their real estate investment, and their total investment real estate assets reached 30170,000 yuan.
Huatai Securities, which has been expanding the scale of real estate investment before, fell from the first position of investment real estate assets for the first time. By the end of the second quarter of this year, the scale was only 877 million yuan, about 253 million yuan less than the end of 20 16. Huatai Securities has been expanding its investment in real estate in recent years. By the end of 20 13, 20 14 and 20 15, its investment scale was 625 million yuan, 674 million yuan and130100000 yuan respectively. Starting from 20 15, the scale of investment real estate assets of Huatai Securities began to accelerate, and the growth rate reached 93. 1 1% compared with 20 14.
Pan-Shiyi Wang, Li Jianlin and Li Ka-shing are busy selling real estate projects.
Pan Shiyi, a real estate developer, has also received much attention. Less than 10 days after Pan Shiyi sold Shanghai Hongkou SOHO, on July 5th, SOHO China announced that it would sell Guanghua Road SOHO2 and Kong Ling SOHO as a whole. If it is successfully sold, it will mean that SOHO China has cashed in more than 34 billion yuan by selling office buildings in Beijing and Shanghai within four years from 20 14. According to the work briefing released by Wanda Group on July 6th, the real estate business accounted for 42. 1% of Wanda Group's total revenue in the first half of the year, and the service business accounted for 57.9%. Compared with the proportion of 45% last year, the proportion of real estate business income in the first half of this year decreased by nearly 3 percentage points. The continuous slimming of Wanda Group's real estate sector stems from its fourth strategic transformation goal put forward on 20 15, that is, to go to real estate and turn to service-oriented enterprises. In 20 16, when the real estate sales were booming, Wanda Group still boldly lowered its real estate income target of 60 billion yuan and resolutely implemented enterprise transformation.