On June 18, China Resources Land fell 3.93% in regular trading, trading at HK$32.46/share, with turnover of HK$111 million.

On the news front, the company's final dividend ex-date was June 15, distributing RMB 0.966 per share (approximately HK$1.11), with the stock continuing to retrace following the ex-dividend adjustment. Simultaneously, May housing price data for 70 major cities showed a continued downward trend, adding sustained pressure on the mainland property development sector.

The broader Real Estate Development sector experienced broad-based weakness. China Overseas Development fell 3.96%, Henderson Land declined 1.44%, Longfor Group dropped 1.86%, CK Asset lost 1.49%, and Sunac fell 1.28%. On the fundamental side, the company reported May contracted sales of approximately RMB 23.51 billion, up 28% year-over-year, while recurring revenue rose 8.6% to RMB 4.44 billion. Both Morgan Stanley and Bocom International maintain bullish ratings with a target price of HK$42.6, citing strong execution and sales momentum among state-owned developers.

(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.)