Streetbeat News

CRBJY

China Resources Land Ltd.

http://www.crland.com.hk

Industry

New Housing For-Sale Builders

Open

32.60

Mkt cap

25B

Volume

100

High

33.46

P/E Ratio

6.14

52-wk high

40.08

Low

32.60

Div yield

0.01

52-wk low

26.13

Chinese stocks, particularly in the real estate sector, experienced a sharp decline following weak property market data. The iShares MSCI China ETF (MCHI) dropped 1.8% in pre-market trading. Longfor Group Holdings ADR (LGFRY) and China Resources Land ADR (CRBJY) are expected to be impacted, with their performance data delayed. The property market data showed a 26% year-on-year drop in average daily home sales, and the manufacturing PMI indicated economic contraction. The Chinese yuan also fell by 0.6% against the dollar.

Portfolio Pulse from Neil Dennis

January 02, 2024 | 1:44 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.