China Overseas Land & Investment (HK:0688) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Overseas Land & Investment Ltd. reported a significant dip in their property sales for May 2024, with a 32.9% decline in revenue and a 12.0% drop in sales area compared to the previous year. The five-month period ending in May saw a 30.8% decrease in sales revenue and a 40.4% reduction in sales area year-on-year. Despite this downturn, the company anticipates converting approximately RMB16.327 billion in subscribed sales into contracted sales in the coming months.
For further insights into HK:0688 stock, check out TipRanks’ Stock Analysis page.
