Real Estate Development Concept

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    ✔️ HSI and HSTECH put warrants are amongst the top put gainers this morning as of 1012AM, as the indices slip 1.6% and 1.9% respectively following PMI manufacturing figures released over weekend showed a contraction for a fourth straight month in August.
    📉 That however, was not just it, as China Vanke Co. — one of China's biggest developers — reported last Friday evening a half-year loss for the first time in mo...
    📉 HSI, HSTECH put warrants clocking early gains after China manufacturing PMI figures
    According to the performance forecast released by China Vanke $CHINA VANKE (02202.HK)$ , the company expects a net loss of 7 to 9 billion yuan for the current period, compared to a net profit of 9.87 billion yuan in the same period last year. After excluding non-recurring gains and losses, Vanke anticipates a net loss of 5 to 6.5 billion yuan.
    The increased losses compared to the first quarter are attributed to a decline in settlement profits from real estate projects and the company's intensif...

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