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Individual Investors Invested in China South City Holdings Limited (HKG:1668) Copped the Brunt of Last Week's HK$503m Market Cap Decline
HK stock anomaly | chinasouthcity (01668) fell more than 11% as two senior executives recently resigned, and the company was removed from the list of Hong Kong stock connect.
Chinasouthcity (01668) fell more than 11%. As of the time of writing, it fell 11.27% to HKD 0.126, with a turnover of HKD 1.0694 million.
Chinasouthcity management team welcomes major changes. The company suffered a loss of HKD 4.3 billion in the first half of the year.
Chinasouthcity, which once attracted wide attention from the market due to debt defaults, has undergone major changes in its management team, with two executive directors announcing their resignations. In the first half of 2024, Chinasouthcity's revenue was HKD 1.215 billion, a decrease of 51.7% year-on-year; the loss reached HKD 4.311 billion, an increase of 593.7% year-on-year.
Sell-off pressure increased! Multiple mainland real estate stocks plummeted after being removed from the Hong Kong stock connect, and the sector's trading atmosphere may continue to cool down.
① How big is the impact of the sharp decline of multiple mainland real estate stocks after being removed from the Hong Kong Stock Connect? ② The trading atmosphere in the real estate sector is sluggish, which bearish factors should we pay attention to recently?
Chinasouthcity [01668] is now trading at HK$0.15, a decrease of 10.71%.
As of 11:10, Chinasouthcity [01668] reported 0.15 Hong Kong dollars, a decrease of 0.018 Hong Kong dollars or 10.71% compared to the closing price of 0.168 Hong Kong dollars yesterday. The trading volume was 0.9731 million Hong Kong dollars. The highest price today was 0.165 Hong Kong dollars, and the lowest price was 0.15 Hong Kong dollars. Based on the closing price yesterday, the 10-day average price was 0.30 Hong Kong dollars, and the 50-day average price was 0.18 Hong Kong dollars. The current P/E ratio is -0.56 times and the 14-day strength index is 64.65.
chinasouthcity (01668): Xu Hongxia appointed as an executive director.
Chinasouthcity (01668) announced that, effective from September 9, 2024, Geng Mei plans to devote more time to development...
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