Movement Alert｜CHINA RES LAND Rises 3.06% in Regular Trading, Upcoming H1 Results Review and Strong Sales Momentum Lift Sentiment

Market Focus

Aug 18

On August 18, CHINA RES LAND rose 3.06% in regular trading, trading at 35.02 HKD/share, with turnover of approximately 42.74 million HKD.

On the news front, the company previously announced that its board of directors will convene on August 28 to review and approve H1 interim results and consider an interim dividend, fueling market expectations around earnings and payout. Additionally, the company reported July contracted sales of approximately 14.1 billion yuan, up 6.0% year-over-year, bringing cumulative seven-month contracted sales to approximately 130.6 billion yuan, up 5.7% year-over-year. Recurring revenue remained robust, accumulating approximately 30.88 billion yuan for the first seven months, up 7.3% year-over-year, with rental income surging 11.7%. The broader Real Estate Development sector showed strength, with GREENTOWN CHINA up 4.67% and CHINA OVERSEAS up 3.13%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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