HK Stock Market Move | Midea Real Estate (03990) rises again by over 11%, accumulating nearly 30% increase after the ex-dividend date. Institutions say that the performance certainty is strong and the dividend is attractive.

Midea Real Estate (03990) was ex-dividend on September 9th, and the cumulative increase since September 10th has been nearly 30%. As of the time of writing, the stock has risen by 8.97% to HKD 3.16, with a trading volume of 46.2716 million Hong Kong dollars. On the news front, Midea Real Estate's restructuring plan was approved at a shareholders' meeting on September 2nd, with physical distribution ex-dividend on September 9th. After the restructuring is completed, the business segments will consist of development services, property management services, asset operations, and real estate technology. China International Capital Corporation (CICC) believes that the company's performance is strong for the years 2024-2025, with a dividend payout ratio of around 70%, making the dividend yield attractive. Haitong previously pointed out that the company will restructure its real estate development business within the group, with the business being held by a private company and a private company group being established. Subsequently, the private company group will be separated from the group through the physical distribution of shares in the private company. If the restructuring is successfully completed, the group will build a business model of "development construction + property management services + asset operations + real estate technology," with no substantial change in business essence.