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<Research>G Sachs: CHINA OVERSEAS (00688.HK) 1Q Rev. in Line w/ Strong OPM
CHINA OVERSEAS (00688.HK)'s 1Q24 revenue grew 14% YoY, meeting the full-year forecasts of Goldman Sachs and the market of about 17%, in line with expectations, Goldman Sachs is...
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<Research>G Sachs: CHINA OVERSEAS (00688.HK) 1Q Rev. in Line w/ Strong OPM
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STOCK INFO

CHINA OVERSEAS (00688.HK)  -0.640 (-4.108%)    Short selling $93.92M; Ratio 19.084%   's 1Q24 revenue grew 14% YoY, meeting the full-year forecasts of Goldman Sachs and the market of about 17%, in line with expectations, Goldman Sachs issued a research report saying.

Operating profit was flat during the period, while operating margin (OPM) improved to 18% QoQ, implying a strong performance.

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Goldman Sachs believed that CHINA OVERSEAS' pace of replenishing its landbank will accelerate in the rest of the year, and expected the Company to remain focused on core cities and regions.

Goldman Sachs kept rating at Buy, with a target price of $17.5.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-06 16:25.)

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