Streetbeat News

SNLAY

Sino Land Co. Ltd.

https://www.sino.com/zh-hk/investor-relations/sino-land-company-limited

Industry

Lessors of Other Real Estate Property

Open

5.15

Mkt cap

9.8B

Volume

100

High

5.44

P/E Ratio

20.15

52-wk high

6.08

Low

5.15

Div yield

0.07

52-wk low

4.60

The Hong Kong real estate market is facing a potential bubble burst due to a sharp decline in property prices and a surge in mortgage applications. Major real estate developers like Country Garden Holdings Limited and China Evergrande Group have seen significant drops in their stock prices. Local banks like China Construction Bank Corporation and Bank of China Limited have also been affected. Despite government interventions and stimulus policies, the market remains unstable.

Portfolio Pulse from Daniel Harrison

October 06, 2023 | 3:52 pm

Hong Kong stocks ended the week positively as investors anticipate government easing measures in China to stimulate the economy. Goldman Sachs and Citigroup reports suggest the economic slowdown in China is ending. Property stocks and exporters saw significant action, with Hang Lung Properties, Sino Land Company, and Country Garden Holdings seeing increases. Alibaba, JD.com, Tencent Holdings, and AIA Group also saw increases. CNOOC experienced a slight drop after announcing a delay in offshore bond repayment. NIO is reportedly putting pressure on rival EV makers Tesla, Li Auto, XPeng, and BYD Company in China after raising sales commissions for its agents.

Portfolio Pulse from Daniel Harrison

October 06, 2023 | 3:16 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.