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CHINA VANKE Recedes 5%+ as 1Q Swings into Loss of RMB360M
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CHINA VANKE (02202.HK) reversed yesterday's trend of a 19% surge with the Chinese developer sector, and opened 0.8% lower before its decline expanded today (30th). The stock bottomed at $4.66, and last receded 5.66% to $4.67, with 20.6591 million shares traded, involving $98.02 million. CHINA VANKE recorded a loss of RMB362 million in 1Q24, compared with a net profit of RMB1.446 billion in the same period of the previous year, a turnaround from profit to loss. Revenue fell by 10% YoY to RMB61.594 billion. AAStocks Financial News |
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