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  • October 23, 2014
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  1. Business - Companies

    Longfor Properties cautiously upbeat after H1 profit rises

    Posted Aug 19th 2013, 01:02pm by Staff Reporter

    ... Staff reporter Longfor Properties said net attributable profit rose slightly to 3.85 billion yuan, in the first half of this year and was cautiously optimistic about prospects for the sector despite government attempts to rein in property prices. In the year earlier period, the mainland based property developer and investor announced a 3.81 billion yuan profit. Excluding ...

  2. Property - Hong Kong & China - RESULTS

    Longfor stock falls on poor results

    Posted Aug 04th 2014, 05:05pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Developer's first-half core profit falls 22pc with year's sales target at risk Downturn bites into Longfor earnings Shares of Hong Kong-listed Longfor Properties fell yesterday after the mainland developer reported a worse-than-expected 22.1 per cent drop in core profit to 2.13 billion yuan (HK$2.67 billion) in the first half as a market ...

  3. Business - China Business - WEALTH

    Divorce costs developer Wu Yajun's crown as China's richest woman

    Posted Nov 21st 2012, 12:00am by Peggy Sito

    ... developer Longfor Properties, has lost her title as the richest woman in China following her divorce. Her stake in Longfor fell from 75.6 per cent to 45.4 per cent as a result of the split, the company disclosed on Monday. Wu and her husband of 20 years, Cai Kui, who founded Longfor together, filed for divorce on August 6. Wu's net worth is now estimated at US$4.2 billion, down from ...

  4. Business - China Business

    Property pays for some of the richest women in China, survey finds

    Posted Oct 21st 2014, 04:56am by Langi Chiang

    ... Yajun earned her fortune from Longfor Properties. She suffered a 7 per cent decline in wealth to 26 billion yuan. Despite falling sales and share prices, the property sector still accounted ... Langi Chiang langi.chiang@scmp.com Property key touber-rich women Three of the top five richest women on the mainland are in the property sector, which has been suffering from a prolonged ...

  5. Business - China Business - STOCKS

    Surprise HK$3.09b cash call spurs investors to dump Longfor Properties

    Posted Sep 20th 2012, 12:00am by Peggy Sito

    ... of Longfor Properties yesterday fell 8.68 per cent following the mainland developer's unexpected HK$3.09 billion share placement announcement on Tuesday. Analysts said the latest placement, ... share placement was generally unexpected by the market," said Alan Jin, a property analyst at Japanese brokerage house Mizuho Securities. Longfor had been aggressive in buying land sites ...

  6. Business - China Business - PROPERTY

    Longfor Properties banks on lower profit margins in 2013

    Posted Aug 18th 2012, 12:00am by Peggy Sito

    ... Longfor banks on lower profit margins in 2013 Mainland developer Longfor Properties is confident about its business outlook even though it expects a drop in gross profit margin next year. ... area of Longfor's investment properties recorded a year-on-year increase of 8.1 per cent while its rental income from investment properties grew 34.8 per cent to 227 million yuan. Gross ...

  7. Property - Hong Kong & China - EARNINGS

    Longfor warns of profit squeeze after asset sales

    Posted Mar 22nd 2014, 01:30am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Longfor warns of profit squeeze Longfor Properties, a listed mainland developer, warned yesterday that profits would be squeezed this year as it disposed ... pronounced in the first half. However, Longfor, with a strong presence in Beijing, Hangzhou, Chongqing and Chengdu, targets full-year contracted sales of 57 billion yuan (HK$71.8 billion) after a 20 ...

  8. Longfor property sales drop 40pc

    Posted May 27th 2010, 12:00am by Sandy Li

    ... Sandy Li Mainland developer Longfor Properties has seen its contract sales drop by 40 per cent to 1.5 billion yuan (HK$1.7 billion) so far this month from April as buying interest is dampened by central government efforts to cool the market. The firm has sold 2.5 billion worth of properties in April. 'With the market clouded by the uncertainties, property sales ...

  9. Longfor looks to south for land of more opportunity

    Posted Jun 25th 2012, 12:00am

    ... Paggie Leung in Chongqing paggie.leung@scmp.com Hong Kong-listed mainland developer Longfor Properties is seeking to expand its footprint into southern China where it is acquiring land ... and this could prompt the government to loosen its controls over demand for housing. Longfor would invest up to 10 per cent of its sales revenue in commercial properties every year because they could ...

  10. Market Calls

    Posted Jul 18th 2011, 12:00am

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Moody's issued a report last Monday flagging corporate governance concerns of 61 mainland firms. Longfor Properties (960) received ... to the company's target.' Choi, who initiated coverage of the firm with a buy rating in May, projects Longfor's revenue from property sales will increase 80 per cent year on year to 26.3 billion ...




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