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Earnings Not Telling The Story For Sino Land Company Limited (HKG:83)
Special guest expert Deng Shengxing: Hong Kong stock market is in a stalemate, pulling back and forth at 17,000 points.
On Friday (26th), the Hang Seng Index rose by 16 points or 0.1% to 17,021 at the close. The total market turnover was 104.6 billion yuan for the whole day. The CSI 300 Index fell 5 points or 0.1% to 6,010, while the ChiNext Index rose 22 points or 0.7% to 3,443. Ying Fu (02800) fell 0.1% to HKD 17.55, with a turnover of 16.848 billion yuan, the highest in over four months. The National Development and Reform Commission and the Ministry of Finance issued several measures yesterday to support large-scale equipment upgrades and trade-ins for consumer goods, proposing to support home appliance trade-ins, leading to a surge in home appliance stocks. Haier Smart Home (06690)
Sino Land Co to Approve Results and Dividend
Sino Land (00083.HK) will hold a board of directors meeting on August 27 to approve the annual performance.
Sino Land (00083.HK) announced on July 26th that the board of directors meeting will be held on Tuesday, August 27th, 2024 to approve the publication of the annual performance report of the company and its subsidiaries for the year ending on June 30, 2024, including the recommendation of final dividend distribution.
SINO LAND: Date of Board Meeting
Hong Kong property stocks are doing well. Wharf REIC (01997) rose 2.4%. The sector is short-term strong, but facing fundamental challenges.
Hong Kong property stocks rose in early trading, with Wharf Reic (01997) up 2.4%, Henderson Land (00012) up 2.45%, SHK PPT (00016) up 1.63%, New World Dev (00017), Hang Lung PPT (00101), Sino Land (00083) and others followed suit. The Tourism Board announced that the preliminary number of visitors to Hong Kong in June was 3.13 million, an increase of 14% from the same period last year. Cumulatively, there were about 21 million visitors to Hong Kong in the first half of this year, an increase of 64% compared to last year, with an average daily passenger volume of 0.116 million.
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