$R&F PROPERTIES (02777.HK)$ what a china stimulus! a trap

$R&F PROPERTIES (02777.HK)$ super bull run

$R&F PROPERTIES (02777.HK)$sell on news

$Hang Seng Index (800000.HK)$ climbed 303 points or 1.6% to 19,376 at midday. $Hang Seng China Enterprises Index (800100.HK)$ gained 122 points or 1.8% to 6,864. $Hang Seng TECH Index (800700.HK)$ hiked 42 points or 1.1% to 4,084. Total half-day turnover for the market amounted to $114.256 billion.
$TENCENT (00700.HK)$ 's 1Q24 non-IFRS net profit hiked 54% YoY, beating forecasts, and its share price advanced 4.2% to $397.8.
$BABA-W (09988.HK)$ shed 2.4%...

$Hang Seng Index (800000.HK)$ slid 165 points or 0.9% to close at 18,313. $Hang Seng China Enterprises Index (800100.HK)$ fell 69 points or 1.1% to close at 6,456. $Hang Seng TECH Index (800700.HK)$ lost 50 points or 1.3% to close at 3,872. Total market turnover for the day amounted to $128.655 billion.
The sales volume of China's top 100 real estate companies fell 13% MoM in April. Chinese developers took the lead to decline. $KWG GROUP (01813.HK)$ and $AGILE GROUP (03383.HK)$ plummeted...

The market watches the Central Economic Work Conference and the subsequent property market policy. Chinese developers took the lead to soar. $COUNTRY GARDEN (02007.HK)$ and $CIFI HOLD GP (00884.HK)$ spiked 8.2% and 11.1%, while $LONGFOR GROUP (00960.HK)$ , $CHINA RES LAND (01109.HK)$ , $SEAZEN (01030.HK)$ , $R&F PROPERTIES (02777.HK)$ and $SINO-OCEAN GP (03377.HK)$ shot up 4.8% to 5.9%. $SUNAC (01918.HK)$ slumped 6.1% after a Beijing court ruled that Sunac...

A number of Chinese property developers announced last month's sales data. 
$COUNTRY GARDEN (02007.HK)$ , with its October contracted sales slipped 81% YoY, faded 1.3%. $R&F PROPERTIES (02777.HK)$ , posting October sales fall of 45% YoY, dropped 2.5%. For the rest of the Chinese property developers, $CIFI HOLD GP (00884.HK)$ sagged 4.2%, whereas $SUNAC (01918.HK)$ plummeted 5.9%.