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Weiye - Property Developer in Henan/Hainan
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cccx123
Veteran |
27-Nov-2013 08:02
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Analysis: China's Reforms Switch Focus to Small Cities
By Alex Frew McMillan | November 26, 2013 8:47 AM ET 2 1 3 0 0 China's property developers, investors and owners have been mulling the impact of a recent major meeting of the Communist Party, which indicates how cities and land rights are intended to develop. Investors were at first disappointed by the brief nature of the 500-word report that came out of the conference, known as the Third Plenum of the Chinese Communist Party. But the detailed announcement released a few days later was much longer, and has been praised as one of the most far-reaching reform programs announced out of such a meeting. The 20,000-character "decision" report led to a six percent jump in the H share index of Hong Kong-listed, China-based companies on November 18. China watchers say it is the boldest package of reforms seen in decades. "Investors can be bullish, but have to be realistic and pragmatic at the same time." The changes are intended to take place by 2020 at the latest. The most headline-grabbing change in direction is that the notorious one-child policy, will be loosened. Couples will be allowed to have two children if one of the parents is an only child. That promises to create a meaningful difference from 2030 onwards, the bank HSBC believes, with an extra 1 to 1.5 million births per year. It will certainly create even greater long-lasting demand for housing, particularly in mid-size cities. In the biggest cities, people may be cautious about the cost of having a second child, as seen in Hong Kong. But there are also reforms that will affect property prices more directly. Farmers will be able to sell their land directly into the market, without local governments first taking it and converting it into state land. That would give China's 650 million-strong rural population greater property security, and again encourage urbanization in less-developed areas. Groups of rural residents will also be able to form a collective scheme in which they own shares, which they can buy and sell or use as collateral. Another major change is that restrictions on city-level residence permits, known as the hukou, will be freed up at the town level and small cities first, suggesting so-called Tier 3 and Tier 4 smaller cities will see higher property prices. The Tier 1 cities of Beijing, Shanghai, Guangzhou and Shenzhen have all seen price gains of more than 20 percent in the last year, and the communiqué said that "population in extra-large cities would be strictly controlled." While Shanghai and Chongqing have already introduced property taxes, that is expected to be rolled out to all major cities in time. There is increasing pressure on big cities to rein in price gains, with Guangzhou, Wuhan, Nanchang, Xiamen and Shenyang all introducing recent tightening measures. The push for urbanization is undoubtedly switching to smaller cities and towns. For shareholders, Nomura analyst Alan Jin has warned that investors who own Hong Kong-listed Chinese property developers should sell and lock in profits in the face of greater policy risk and the likelihood of tighter liquidity. Still, Jin said that U.S. investors were generally upbeat on the sector during a Nomura trip there in the week after the Communist Party meeting. He suggests concentrating on stocks that focus on low-end property in many of the smaller cities where growth is being encouraged, his top two picks being Country Garden and Evergrande Real Estate. New president Xi Jinping has said that he would accept a slowdown in growth to push through his plan of reforms. But after a mid-year lull that spooked markets, growth picked up to 7.8 percent in the third quarter, up from 7.5 percent in the previous three months. That has encouraged many economists to boost their forecasts for the year. The Economist Intelligence Unit, for example, raised its estimate for this year to 7.7 percent, from 7.5 percent, although it still expects slower growth next year as the government continues to curb lending. There will no doubt be some bitter pills for some in China to swallow as the reforms take place, Wei Yao, the China economist at Société Générale believes. One major shift in the reforms is to encourage the development of the private sector and reduce the reliance on inefficient state-owned enterprises. "Basically, any industry or company that has to continue relying on the old institutions for survival will suffer and struggle, while those who have not been able to realize their potential due to current restrictions that are subsequently lifted, will get a good chance to grow and thrive," Yao stated in a report. "Investors can be bullish, but have to be realistic and pragmatic at the same time." - See more at: http://www.worldpropertychannel.com/asia-pacific-residential-news/chinas-reform-meeting-third-plenum-of-the-chinese-communist-party-china-property-market-china-property-curbs-7699.php#sthash.uxzW7mm7.dpuf |
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new6ie
Senior |
18-Nov-2013 09:38
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Understandable. I could mean that when a company annouced it makes good profit, many investors will then rush in giving an opportunity for market sharks (the big big crocodile-shark hybrids) to feast on them. This only happens in the Singapore market, but seldom in other markets. Lo1.
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nqing87
Veteran |
18-Nov-2013 00:03
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lol ppl buy counters that has potential to make profits rather than those that have already made realised profits.. company making less profits can go up, while company making more profits than previous quarters got sell down.. weird & irrational singapore market, hard to play, lots of gamblers & speculators, little investors.. actually think it is rather easy to push weiye price, waiting for BB only.. | ||||
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new6ie
Senior |
17-Nov-2013 16:28
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Hope the market realize this gem and start moving it up. | ||||
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cccx123
Veteran |
17-Nov-2013 16:27
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Yes WeiYe's results surprised me. Had been looking at it since an article about the company came out in either the Business Times or Straits Times. Have been waiting for the 9M results before seeking to take position and recently started collecting. Bought quite a bit at 6.9cts already. Sadly, this stock is not receiving as much coverage as it should.
Now waiting for the release of more details from the third plenum reform package before deciding on whether to ramp up my collection or continue at pace. :)
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new6ie
Senior |
17-Nov-2013 16:16
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Should be " In thousands" and not " In Millions" . Sorry, I initially wanted to make it " in millions" but took away the " full stop" and replaced with a comma later without realizing it.
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new6ie
Senior |
17-Nov-2013 16:13
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Weiye's results pretty good, and I summarized the financials for those who don't have time to browse thro everything: Millions in RMB Revenue 3q2013 673,022 9M2013 1,006,495 Gross Profit 3Q2013 90,178 9M2013 220,954 Profit After tax 3Q2013 36,508 9 months 136,709 Net Current Assets: Group 1,221,525 Company 36,468 Total Equity Group 865,698 Company 1,675,419 =============================== EPS: 3Q: 1.89 9M: 7.03 NAV: Grp: 38.33 Coy: 85.42 |
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cheongsl
Master |
13-Nov-2013 20:39
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Hope it don't react too much should pick slowly, as volume is very low.
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linsong88
Member |
13-Nov-2013 19:46
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yeah... but this stock normally dont react instantly with news...
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nqing87
Veteran |
13-Nov-2013 19:39
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http://infopub.sgx.com/FileOpen/WeiYe-3Q2013.ashx?App=Announcement& FileID=264166 Strong revenue/profits.. hope it will chiong tml:) |
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Tomique
Master |
20-Oct-2013 09:01
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To see above 70 on Monday. Huat arh for all vested.
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domlim84
Member |
20-Oct-2013 01:01
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cheap to enter now! | ||||
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halleluyah
Elite |
14-Oct-2013 12:06
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Jeep weiye... |
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Tomique
Master |
22-May-2013 09:33
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Bought not enough yet. Must pad up first. Then when the time is ready, it must spike to 10 cents.
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TinyPotato
Member |
22-May-2013 09:28
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Strong result but not moving ... sleeping for weeks haiz
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think2profit
Senior |
14-May-2013 10:21
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Cash doubled and we may see div for 2013! Steady Lah, Weiye!
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TinyPotato
Member |
14-May-2013 07:47
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No Dividend??
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think2profit
Senior |
13-May-2013 23:03
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Finally a super solid 1Q result. Cheong Arh tomorrow! | ||||
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Bopanha
Master |
20-Mar-2013 15:24
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Wow, today looks like some people start to realize the potentials of Weiye. He le bu wei ye!! | ||||
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Bopanha
Master |
20-Mar-2013 09:49
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Price is just nice for accumulation, I think. Analysts will not do anything yet until their bosses have collected plenty of the shares. For most of us, we will just buy and keep for a while. It is a hidden gem actually..
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