China's Rich Spend Millions on Shanghai Property, Bucking Crisis [BNN Bloomberg (Canada)]
SUN HUNG KAI PY LTD S/ADR (SUHJY)
NASDAQ:AMEX Investor Relations:
m.shkp.com/en-us/pages/mobile-menu-investor-relations
Company Research
Source: BNN Bloomberg
Shanghai's luxury real estate market is a bright spot in China's bleak property sector. It's the only one among the country's mega cities that's still attracting people to put down money in an asset class that has otherwise been abandoned. The move is driven by rich Chinese — many dwelling in the Yangtze River Delta region that Shanghai is part of — who are parking their money only in surefire investments. The recent buyers still see luxury residences as an optimal choice, given Shanghai's financial hub status, the scarcity of supply of such dwellings and the discount that new offerings boast compared with existing ones. The trend underscores the diverging outlook for real estate in a country with big wealth gaps. Outside of Shanghai, China's majority of cities — including even the capital of Beijing — are still struggling to revive transactions and prices, even after the government pushed out its strongest yet stimulus measures. “An uncertain economic outlook drives the wealth
Show less
Read more
Impact Snapshot
Event Time:
SUHJY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SUHJY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SUHJY alerts
High impacting SUN HUNG KAI PY LTD S/ADR news events
Weekly update
A roundup of the hottest topics
SUHJY
News
- China's Rich Spend Millions on Shanghai Property, Bucking Crisis [Yahoo! Finance]Yahoo! Finance
- How The Billionaire Hinduja Family Members' Prison Sentences Compare To Other Super-Rich Time Spent Behind Bars [Forbes]Forbes
- How Trump's Conviction, And Canadian Billionaire Robert Miller's Arrest, Stack Up To Other Super-Rich Run-Ins With The Law [Forbes]Forbes
- AXA Dreamland, new entertainment and sports landmark title sponsored by AXA, opens today [Yahoo! Finance]Yahoo! Finance
- CK Asset Cuts Prices for HK Houses by a Third to Boost Sales [BNN Bloomberg (Canada)]BNN Bloomberg