GO
| HSI1 | 23,654.03 | +141.54 | 212.69B |
| HSCEI1 | 8,576.75 | +56.89 | 84.72B |
| Back Zoom + Zoom - Block Traded | |
|
2025-06-02 11:29:14 Chinese developers suffered from a hefty selloff this morning (2nd). LONGFOR GROUP (00960.HK)/ CHINA VANKE (02202.HK)/ CHINA OVERSEAS (00688.HK)/ CHINA RES LAND (01109.HK) slid by 7.1%/ 6.6%/ 4.2%/ 5.1%. According to TF Securities' research report on China's property sector, the May sales data released by CRIC for the top 100 Chinese developers showed a MoM uptick but a widened YoY decline. Those top 100 developers achieved monthly sales of RMB294.58 billion in May, up 3.5% MoM but down 11.4% YoY, with the drop deepening by 2.7 ppts compared to April. The report also pointed out that CHINA OVERSEAS and GREENTOWN CHINA (03900.HK) maintained steady sales, and that state-owned and central SOEs showed a clear sales advantage. Among central SOEs, CHINA OVERSEAS/ CHINA RES LAND/ CHINA JINMAO (00817.HK) saw their May sales +21.1%/ -11.4% +72.3% YoY. CHINA JINMAO and CHINA OVERSEAS delivered standout performances. Regarding local SOEs, C&D INTL GROUP (01908.HK) and YUEXIU PROPERTY (00123.HK) logged -2.4%/ -4.4% YoY. As for leading non-SOEs, GREENTOWN CHINA/ LONGFOR GROUP (00960.HK)/ CHINA VANKE (02202.HK) saw +13.5%/ -26.2%/ -52.5%. ~ AAStocks Financial News Web Site: www.aastocks.com | |