HK Stock Market Move | ONEWO (02602) rose more than 7% in early trading. Vanke announced that it will pay interest, and the resolution of related issues is expected to open up ONEWO's valuation space.

ONEWO(02602) rose more than 7% in the morning session, with an increase of 7.54% as of press time, closing at HK$22.1 with a turnover of HK$65.38 million. On the news front, on January 20, China Vanke Co., Ltd. announced that "21 Vanke 02" will pay interest on January 22. In addition, according to Economic Observer Network, Vanke may face restructuring. It is worth noting that on December 30, 2024, ONEWO and its controlling shareholder CHINA VANKE entered into a series of debt repayment agreements to settle various payables of CHINA VANKE's subsidiaries and affiliates through the transfer of properties or parking spaces. Haitong released a research report stating that the proportion of related party transactions of ONEWO continues to decrease, and the balance of related party receivables is lower than that of 2023. The bank pointed out that with the continuous expansion of the company's business scale, the proportion of related transactions is expected to gradually decrease in the future. Considering the current development scale of the company and the development trend of the industry, ONEWO's stability is expected to continue to increase. Currently, the company has rich cash flow capabilities and strong potential for dividends. With the gradual resolution of related party transaction issues, the company's future valuation space is expected to be gradually opened up.