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CN Developers Broadly Weaken as CIFI HOLD GP Tumbles 10%; CHINA VANKE Climbs 2.6%
Recommend 22 Positive 39 Negative 19 |
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Hong Kong stocks opened lower this morning (21st). After dropping 90 points at open, the HSI once rebounded 79 points to a high of 26,567 in the morning session. It last ebbed 52 points or 0.2% to 26,435, with a turnover of $96.386 billion. The three major Chinese blue chip developers weakened. LONGFOR GROUP (00960.HK), CHINA RES LAND (01109.HK) and CHINA OVERSEAS (00688.HK) dropped 0.5-1.9%, while Chinese blue chip manager CHINA RES MIXC (01209.HK) inched up 0.2%, with a turnover of $66.735 million. CIFI HOLD GP (00884.HK), following a 16% plunge on block trade yesterday (20th), opened flat this morning (21st) before falling significantly in the morning session. It once slipped to a listing low of $0.114, and tumbled 10.29% to last at $0.122, with active trading volume reaching 127 million shares, involving $15.652 million. Other major Chinese homebuilders developed individually. COUNTRY GARDEN (02007.HK) and SINO-OCEAN GP (03377.HK) waned 1-1.6%, while YUEXIU PROPERTY (00123.HK) lost 0.2%. SEAZEN (01030.HK), SUNAC (01918.HK) and SHIMAO GROUP (00813.HK) stabilized, while CHINA JINMAO (00817.HK) ticked up 0.7%. CHINA VANKE (02202.HK) outperformed peers with a 2.6% gain as its holders approved the extension of its first domestic bond. The plan includes repaying 40% of the principal within the month. According to CHINA VANKE's announcement on the Shenzhen Stock Exchange (SZSE), 92.11% of bondholders voted in favor of the proposal to adjust the repayment arrangements for the principal and interest of the repurchased portion of the '21 Vanke 02' bonds. Pursuant to this plan, 40% of the principal amount of the repurchased bonds will be redeemed on 30 January, while the remaining 60% is proposed to be extended for one year and redeemed on 22 January 2027. AAStocks Financial News Website: www.aastocks.com |
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