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The portion of the wuhan TOD project acquired by Overseas Chinese Town for 5.2 billion has been requisitioned for storage, and will continue to be auctioned off in the future.
① Following yuexiu property, the land under Overseas Chinese Town has also been acquired. ② Overseas Chinese Town announced that government departments plan to store their wuhan TOD project land through a coordinated method of "acquisition, allocation, and supply," with an area of approximately 105.32 acres.
Shimao Group (Asia) [03366] is now trading at 0.231 Hong Kong dollars, a decrease of 12.83%.
As of 15:59, Shenzhen Overseas Chinese Town (Asia) [03366] reported HK$0.231, a decrease of HK$0.034 or 12.83% from the previous closing price of HK$0.265, with a turnover of HK$0.0435 million. The highest price today is HK$0.255 and the lowest price is HK$0.231. Based on the previous closing price calculation, the 10-day average price is HK$0.28, the 50-day average price is HK$0.23, and the current P/E ratio is -0.30 times, with a 14-day strength index of 21.90.
The Market Lifts Overseas Chinese Town (Asia) Holdings Limited (HKG:3366) Shares 35% But It Can Do More
OCT (ASIA): Interim Report 2024
Shenzhen Overseas Chinese Town (Asia) (03366.HK) recorded a revenue of approximately 0.598 billion yuan in the first half of the year, a year-on-year increase of approximately 208.25%.
On August 27th, GeLonghui announced that in the first half of 2024, the group's operating revenue was approximately RMB 0.598 billion, an increase of approximately 208.25% compared to the same period last year. The main reason was a significant increase in income from comprehensive development projects compared to the same period last year. The company's equity holders should bear a loss of approximately RMB 0.221 billion, mainly due to a significant increase in the surplus of the comprehensive development business and a significant reduction in losses from investment and fund business compared to the reporting period. However, due to an increase in liabilities and the continued high level of US dollar interest rates during the reporting period, the increased financial expenses offset some of the profits.
OCT (ASIA): 2024 INTERIM RESULTS ANNOUNCEMENT
