On September 3, CHINA JINMAO rose 5.75% in regular trading, trading at HK$1.38/share, with turnover of approximately HK$52.91 million. The stock staged an oversold rebound after tumbling over 25% across the prior three trading sessions, driven by the impact of the new existing-home sales policy and weaker-than-expected interim results.

At the sector level, mainland property stocks rallied broadly, with China Resources Land up 4.21%, C&D International Group up 3.05%, China Overseas Development up 2.33%, and Longfor Group up 2.24%, creating a sector-wide linkage effect supporting the rebound. Multiple institutions noted that the shift toward existing-home sales reform is a long-term positive for well-capitalized state-owned enterprises. CHINA JINMAO reported new financing costs as low as 2.87% and approximately RMB 70 billion in unused credit facilities, positioning it favorably to adapt to the policy shift.

On the earnings front, the company reported first-half revenue of RMB 21.418 billion, down 14.71% year-over-year, and net profit attributable to shareholders of RMB 879 million, down 19.35%. However, Morgan Stanley recently raised its target price to HK$1.91 and maintained an Overweight rating, citing improving margin and earnings outlook, while CITIC Securities also maintained its Buy rating, forecasting full-year net profit of RMB 1.18 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)