Movement Alert|CHINA JINMAO Rises 5.56% in Regular Trading, Hotel REITs Application Accepted as Property Sector Rally Extends

Market Focus
Sep 04

On September 4, CHINA JINMAO rose 5.56% in regular trading, trading at HKD 1.425 per share, with turnover of approximately HKD 21.69 million.

On the news front, the Shanghai Stock Exchange officially accepted the company's first hotel-category ABS product — a holding-type real estate asset-backed special plan backed by the Shenzhen JW Marriott Hotel — with a planned issuance size of RMB 1.03 billion. The initiative is expected to help the company monetize existing assets and reduce leverage. Meanwhile, mainland property stocks extended the previous session's rebound, with LONGFOR GROUP up over 8% and SUNAC up over 5%, reinforcing broad sector momentum.

Fundamentally, multiple brokerages maintain \"Overweight\" ratings on the stock. Morgan Stanley recently raised its target price to HKD 1.91, citing improving margin and earnings outlook, while highlighting the company's ample sellable resources in tier-one and key tier-two cities. The company reported a low average new financing cost of 2.87% with approximately RMB 70 billion in unused credit facilities, underpinning its financial resilience.

(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.)

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