Apr 2, 01:40 AM

China Vanke Shares Hit Record Low in HK, Drop 3.7% on Sell Rating and Profit Slump, J.P. Morgan Analysts Warn

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 #Hong Kong #Wall Street #Vanke

Written with ChatGPT (GPT-3).

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Caixin Global@caixin
2 years ago
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
Bloomberg Markets@markets
2 years ago
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
Caixin Global@caixin
2 years ago
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

China Vanke Shares Hit Record Low in HK, Drop 3.7% on Sell Rating and Profit Slump, J.P. Morgan Analysts Warn

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