textLeju Finance Xu Jiumian"Immortal" for nearly three years, Song Du served (09608.HK) suddenly became a "demon". Recently, its stock price has continued to set new records in the capital market.
On January 8, Songdu served with 31A 37% increase, leading property stocks. On January 9, its stock price continued to open higher and higher, rising more than 37% in early trading, reaching a high of 0HK$465 shares;At one point, it rose more than 70% and rushed to 0HK$57 shares, continuing to hit a record high.
As of the same day, Songdu Service finally closed up 5821%, while continuing to lead the property stocks, it sharply threw off the second place in the rise of Rongwanjia (909%), at 0HK$53 shares, price-to-earnings ratio (TTM) is about 10565 times, with a total market capitalization of about 20HK$3.5 billion.
According to the **property** value list of the day, Songdu Service ranked 23rd, and the ones ranked before and after Songdu Service were CIFI Yongsheng Service (21HK$8.6 billion), Jianye New Life (19HK$6.4 billion).
After the beginning of the year, the share price of Sundy Services has risen by more than 2 times. In the current market environment, it is difficult not to make peers blush. You must know that several property companies that continue to repurchase Greentown Services, CIFI Yongsheng Services, Jinke Services, and the new Dazheng in the A** field have not yet waited to "turn red".
The timeline is extended, and on December 29, Leju Finance released the "2023 Listed Property Enterprise Market Value Increase Ranking", which summarized the year-end market value of 65 listed property companies. Among them, Songdu Service topped the list, with an increase of 177 in the year57%；The other two ** property enterprises followed by Beijing Jiaye and Xinyuan Services rose respectively. 45%。
It is worth mentioning that Sundy Services was listed on January 18, 2021, and its IPO issue price was 0HK$25 shares, 0The HK$225 share opened below the issue price, and since then (before this year) its share price has not exceeded the issue price.
Approaching the 3rd anniversary of listing, why did the share price of Sundy Services change so much?So far, Sundy has not responded to this situation.
On the news side, a few days ago, Songdu Service published an acquisition announcement, and after January 5, its indirect wholly-owned subsidiary, Songdu Property, entered into a housing transfer contract with Guzhang Daying Mining Co., Ltd. (hereinafter referred to as "Guzhang Daying").
Accordingly, Guzhang Daying agreed to transfer the land use right of a property to Songdu Property at a total consideration of 39.73 million yuan. However, the acquisition will not be finalized until it is approved by Sundy's independent shareholders at an extraordinary general meeting.
According to the announcement, the property mentioned in the above contract is located at the Sunshine View Terrace Apartment 50 meters from the intersection of Wangyang Street and Jiumu Road, Shangcheng District, Hangzhou, including 1 building of rooms 102 and 104, and 2 buildings of units 1 to 6, with a construction area of about 158821 square meters. It is reported that the term of use of the land use right is from September 14, 1995 to September 13, 2035.
It is worth noting that this is another related party transaction, Guzhang Daying is mainly engaged in the purchase and sales of mineral products, and the actual controller is Yu Jianwu, who is also the controlling shareholder of Songdu Services.
In addition, due to the enforcement of collateral by Hangzhou Xingfujian due to non-payment of the loan agreement, the above-mentioned property is still in a state of seizure, and the seizure period of the seized unit will end in May 2026.
According to the housing transfer contract, both parties agreed to cooperate in the release of the mortgage and seizure status of the seized unit in order to carry out the transaction of the land use right of the property.
The acquisition of properties to save future rental expenses and effectively reduce leasing costs" "The acquisition will optimize the Group's asset structure and enhance the Group's ability to resist external financial risks......, which is conducive to the long-term development of the Company".
For the purchase of the relevant properties, Sundy Services stated that it will be used as its group office space, etc., for its future business development and future business expansion, "if the group does not fully use the properties, it can also lease the properties to generate external rental income".
However, some analysts believe that in the past three years since its listing, Songdu Service's acquisition of property management service companies has been "zero", and now it has acquired the property in the hands of the controlling shareholder, "It is difficult to get rid of the suspicion of related interests." ”
In addition to the acquisition, on December 27 last year, Sundy Services completed the subscription of new shares, and the proceeds of the original plan would be used for general working capital, but in the end it was changed to subscribe for the relevant convertible notes.
Under all these circumstances, the share price of Songdu Services is still soaring in the capital market, "which is really incomprehensible." Industry insiders were puzzled.
Related Companies: Sundy Services HK09608, Sundy.