Sino-Ocean Group's share price and EPS drop, along with halted dividends, suggest unresolved issues. Market jitters may impact performance, but long-term share price weakness could be a bad sign. Contrarian investors might see a turnaround opportunity.
Chinese property developer$碧桂園(02007.HK)$closed flat at $0.73 after reports that another US$15 million of interest on its overseas bonds is due.$遠洋集團(03377.HK)$leaped 4.8% after a proposed grace period for interest payment on subordinated bonds of its subsidiary was extended to mid-December.$中國恒大(03333.HK)$shot up 3.6% after midday.$恒大汽車(00708.HK)$jumped up nearly 39%.
Despite a share price surge and upbeat growth forecasts, the company's low P/S ratio suggests potential major risk factors. Persistent revenue declines indicate shareholders are accepting lower selling prices, and the optimistic future revenue growth forecast outpacing the broader industry hasn't managed to boost the company’s P/S.
Hong Kong stocks waned in the morning along with the external market.$恒生指數(800000.HK)$opened 89 points lower and, after narrowing the loss to 61 points at 17,823 at the beginning of the morning session, widened the decline later to 234 points or 1.3%, closing at 17,651 for the half-day.$國企指數(800100.HK)$descended 85 points or 1.4% to 6,096.$恒生科技指數(800700.HK)$declined 84 points or 2.2% to 3,837. Total half-day turn...
Hong Kong stocks opened higher in the morning.$恒生指數(800000.HK)$opened 11 points or 0.06% higher at 17,942.$國企指數(800100.HK)$opened 4 points or 0.08% higher at 6,214.$恒生科技指數(800700.HK)$opened 6 points or 0.16% higher at 3,993. Property stocks were boosted by a report that China intends to set up a special loan programme for the transformation of urban villages.$中國金茂(00817.HK)$and$遠洋集團(03377.HK)$opened 2.7% ...
遠洋集團股票討論區
Car stocks and Homebuilders also performed well
Domestic property stocks remained sought after. $龍湖集團(00960.HK)$ , $旭輝控股集團(00884.HK)$ , $綠城中國(03900.HK)$ , $合景泰富集團(01813.HK)$ and $融創中國(01918.HK)$ rocke...
Chinese developers took the lead to soar
For Chinese property developers, $中國海外發展(00688.HK)$ and $龍湖集團(00960.HK)$ spiked 3.5% and 4.7%. $華潤置地(01109.HK)$ swelled 2.6%. $遠洋集團(03377.HK)$ , to convene fourth creditors' meeting tomorrow, intends to extend interest payment deadline to mid-November. Its shares open 4.9% higher at $0.43.
$中國恒大(03333.HK)$ shot up 10% to $0.55 after Guangzhou became the first T1 city to officially announce the easing of purchase restrictions. Yet $越秀地產(00123.HK)$ , $遠洋集團(03377.HK)$ , $龍湖集團(00960.HK)$ , $新城發展(01030.HK)$ and $融創中國(01918.HK)$ sank 1.7%-2.7%. $富力地產(02777.HK)$...
HSI Declines 234 pts; Some CN Homebuilders Elevate
HSI Opens 11 pts Up; SUNAC Spikes 10%
Property stocks were boosted by a report that China intends to set up a special loan programme for the transformation of urban villages. $中國金茂(00817.HK)$ and $遠洋集團(03377.HK)$ opened 2.7% ...
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