On July 24, CHINA RES LAND fell 3.06% in regular trading, trading at 33.0 HKD/share, with turnover of HKD 211 million.

On the news front, CLSA recently lowered CHINA RES LAND's target price from 42.4 HKD to 40.8 HKD while maintaining an outperform rating. The firm cut earnings forecasts for the next three fiscal years by 18.2%, 10.1%, and 10.8% respectively, citing significantly compressed gross margins due to elevated land costs and increased inventory impairment from historical liabilities. Additionally, short-selling data showed the stock's short ratio reached 47.73%, ranking among the top three in the sector, reflecting strong bearish sentiment.

At the industry level, the Real Estate Development sector was broadly under pressure. Among peers, Greentown China fell 6.02%, China Jinmao declined 5.04%, Longfor Group dropped 2.95%, and China Overseas fell 1.70%.

(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.)