Movement Alert|China Overseas Land Rises 3.88% in Regular Trading, H1 Contracted Sales Up 11.8% YoY

Market Focus
07/08

On July 8, China Overseas Land & Investment rose 3.88% in regular trading, trading at HK$12.84/share, with turnover of HK$143 million.

On the news front, the company disclosed its first-half operating data on July 7. From January to June, China Overseas series companies recorded cumulative contracted property sales of approximately RMB134.35 billion, up 11.8% year over year. In June alone, contracted sales reached RMB31.35 billion, representing a 5.5% YoY increase, though sales area declined 28.7% to 978,100 square meters.

As of June 30, the company had subscribed but unconverted property sales of approximately RMB14.06 billion, expected to convert into contracted sales in subsequent months. For H1, the group acquired new land with attributable gross floor area of approximately 744,800 square meters at an aggregate land premium of RMB7.66 billion. The sustained double-digit sales growth reinforces the company's leading position among state-owned developers in a differentiated market recovery.

(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.)

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