riverscasinopokerroom| Rare! Hong Kong stocks Guangdong Harbor Holdings surged by more than 1200% in two days, and real estate exploded!

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The real estate sector continued to be strong, and Hong Kong shares of Guangdong Harbour Holdings rose more than 1200% in two days.

The A-share market rose as a whole this morning, with real estate chain stocks leading further higher. The TMT track performed better, with the leading industrial USI rising 7% in the morning.Riverscasinopokerroom.49%, an intraday increase of more than 8%, and the company's latest total market capitalization exceeded 510 billion yuan.

The Hong Kong stock market strengthened further this morning, with the Hang Seng index rising more than 1%. There are more surprising gains in individual stocks in the market, such as the Hong Kong stock Guangdong Harbour Holdings, which has risen about 12 times since its low in the last two days.

In the A-share market, the overall uplink real estate chain stocks led further gains in the morning.

The A-share market as a whole rose this morning, and by the close of the morning, the Shanghai Composite Index was up 0.Riverscasinopokerroom.48%, the Shenzhen Composite Index rose 0.83%, and the gem Index rose 1.14%.

In terms of industry plate and racing track, the real estate chain rose collectively, with the real estate sector taking the lead again, with the overall increase of more than 3%. Many stocks such as Zhongtian Service, Hefei Urban Construction and Binjiang Group rose by the daily limit, and the special service rose by more than 10%.

Building decoration, building materials and other land production chain plate also performed well.

TMT track performance is better, of which electronics, communications and other sectors are also in the forefront of the market. Among the leading stocks on the track, USI rose 7.49% in the morning, up more than 8% in intraday trading, and the company's latest total market capitalization exceeded 510 billion yuan.

In a conference call with investors on May 15, USI said that the volume of its AI-related business in 2023 was close to 60 billion yuan, accounting for about 30% of cloud computing revenue, up from 20% in 2022. In 2024, AI is expected to account for 40% of the company's total cloud computing revenue and 40% of the global market share of AI servers.

USI said that the company will continue to promote the development and application of the AI ecosystem, improve the global capacity layout, and actively increase R & D investment to better meet the needs of customers in new product development, rapid mass production and global delivery. Continue to focus on GPU module, substrate and back-end AI server design and system integration in the upper reaches of the AI industry value chain, making full use of the advantages of intelligent manufacturing and R & D of the whole industry chain to provide customers with complete solutions.

USI also said that in 2024, it will join hands with customers to launch a new generation of generative servers, and there is already order visibility for new products.

In addition, banking, social services and other sectors also performed better.

Hong Kong real estate stocks soared 12-fold in two days.

The Hong Kong stock market strengthened further this morning, with the Hang Seng Index up 1.59%.

The hang Seng technology index fluctuated sharply in early trading, rising more than 1% at the start of the day, turning green at one point in the day, and then rising sharply, up 1.06% by midday. Among the constituent stocks of the Hang Seng Science and Technology Index, Tencent Holdings, Huahong Semiconductor, China Literature Group, Shunyu Optical Technology and so on led the gains.

The Hong Kong real estate sector rose sharply, with the sector up more than 4%. Guangdong Harbour Holdings rose by more than 200%RiverscasinopokerroomSunshine 100 China rose more than 100%, Fancy year holding and Yiju Enterprise holding rose more than 50%, and COSCO Group rose more than 40%, at one point more than 50% in intraday trading. In addition, Shimao Group, Xuhui Holdings Group, Territory Holdings, South China City, Kaisa Group and other shares rose more than 20%, and some stocks even rose more than 50% at one point.

Longhu Group, one of the leading inner housing stocks, once soared more than 15% in intraday trading.

Longhu Group recently released unaudited operating data in April 2024 and the announcement of new land reserve in April shows that by the end of April 2024, the Group has achieved a total contract sales of 32.39 billion yuan, contract sales area of 2.234 million square meters, total contract sales of RMB 8.91 billion yuan in April, and contract sales area of 594000 square meters. In April, the contract sales amount belonging to the shareholders' rights and interests of the company is 6.23 billion yuan, and the contract sales area belonging to the shareholders' rights and interests of the company is 445000 square meters. In April 2024, four new land reserves were added, with a total construction area of 271000 square meters. The construction area of rights and interests is 199000 square meters, and the land price of rights and interests is RMB 4.44 billion yuan.

It is worth noting that in the Hong Kong real estate sector, Guangdong Harbour Holdings has seen an astonishing increase for two consecutive days. Market data show that Guangdong Harbour Holdings soared more than 300% this morning, with its share price as high as HK $1.50 per share. Just yesterday, the stock rose 314.77%. As of press time, the company's share price has risen by more than 1240% in two days.

Hong Kong shares Guangdong Harbour Holdings announced yesterday that after further discussions between the company and the subscribers on May 14, 2024, the two sides agreed to adjust the subscription price from HK $0.085 to HK $0.10 (adjusted subscription price). Accordingly, the company signed with each subscriberRiverscasinopokerroomA supplementary agreement. Except for the above changes, all other major terms of the subscription Agreement will remain unchanged and shall remain in force and effect.

On May 13, Guangdong Harbour Holdings announced that it had signed subscription agreements with a number of independent third-party subscribers to allot and issue 89 million new shares at a subscription price of HK $0.085 per share, accounting for about 19.62 per cent of the existing issued share capital and about 16.40 per cent of the expanded share capital.

The Directors consider that the adjusted subscription price (determined by fair negotiations between the Company and the subscribers with reference to the recent trading price of the shares) is fair and reasonable and is in the interests of the Company and the shareholders as a whole.

Assuming that all the subscription shares are fully subscribed, the total proceeds from the subscription are expected to be about HK $8.9 million, the announcement said. After deducting the relevant professional fees and all related expenses to be borne by the Company under the subscription, the net income from the subscription is approximately HK $8.4 million. The company intends to use the net proceeds as the general working capital of the Group.