Shares of China Vanke are facing significant pressure as the company's earnings have slumped, leading to a new record low in Hong Kong-listed shares. Wall Street brokerages have issued the first sell rating for Vanke, citing deepening liquidity pressure and slumping profits. J.P. Morgan analysts highlight the challenges of deleveraging and reliance on banks and state-owned enterprises for support.
China Vanke, once the largest listed developer in the country, suffered another blow last month, with contracted sales falling 43% in March from a year earlier. https://t.co/nWUQaEKo8g
China Vanke, at one time the largest listed developer in the country, suffered another slump last month, joining other real estate firms with declining home sales. https://t.co/dZERGMP9Xz
Hong Kong-listed shares of Vanke got their first sell rating from Wall Street brokerages, as the years-long slump in China’s real estate sector is starting to weigh on some larger developers that have managed to avoid default so far. https://t.co/msFvh9a6NY
Wait, this is the first sell side note on China Vanke after stock is down 85%. Nice one lads https://t.co/ACLf6IJxr7
#China Vanke got its first sell rating from Wall Street brokerages. J.P. Morgan analysts cite #Vanke will undergo a challenging time of deleveraging and relying on banks and SOE's support. JPM downgraded Vanke's onshore and offshore shares to underweight from neutral while… https://t.co/97Mmxk0R2h
#Property developer China #Vanke's shares hit new record low in HK after its 2023 core net profit tumbled over 50%, warned earnings could remain strained https://t.co/haGgRmRP6L https://t.co/edFulEtS1z
Hong Kong-listed shares of Vanke got their first sell rating from Wall Street brokerages, as the developer grapples with deepening liquidity pressure and slumping profits https://t.co/DchS6PPaBg
Shares of China Vanke set to open down 3.7% after earnings https://t.co/cu5letPkC1 https://t.co/dzpIyXGofk