BUZZ-China Vanke's HK shares drop on weak first-half outlook

Reuters
Jul 15, 2025
BUZZ-<a href="https://laohu8.com/S/CHVKF">China Vanke</a>'s HK shares drop on weak first-half outlook

** Hong Kong-listed shares of China Vanke 2202.HK fall 2.1% to HK$5.21, their biggest intraday pct drop since June 19

** Stock hits the lowest point since July 10 and on track for a third straight session of decline

** Shenzhen-listed stock falls 1.7% to 6.55 yuan, its lowest since July 10

** The state-backed property developer under liquidity stress expected a net loss of up to 12 billion yuan ($1.67 billion) in the first six months, pressured by a significant decline in project settlements, low profit margins and extra provisions

** The expected loss of 10 billion yuan to 12 billion yuan, compared with a 9.9 billion yuan net loss a year ago, and followed a record full-year loss of 49.5 bln yuan in 2024

** The Hang Seng Mainland Properties Index .HSMPI adds 0.1% and the Hang Hang Seng Index .HSI rises 1.3%

** YTD, Hong Kong shares down 1.3%, Shenzhen-listed stock down 9.9%

($1 = 7.1694 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10