On September 3, CHINA OVERSEAS rose 3.34% in regular trading, trading at HKD 13.28/share, with turnover of HKD 233 million.

On the news front, the company recently won the Shanghai Putuo Zhenru land parcel at a floor price of approximately RMB 15.019 billion, covering a total GFA of roughly 397,000 sqm for residential, commercial, and office use, with a land cost of about RMB 37,800/sqm. Including this acquisition, cumulative land investment has exceeded RMB 48 billion, against a full-year budget of RMB 80-100 billion.

Meanwhile, its interim results showed revenue of RMB 97.6 billion, up 17.3% YoY, with contracted sales of RMB 134.35 billion, up 11.8% YoY — the only top-10 developer to post double-digit sales growth. Daiwa raised its target price to HKD 17.1, citing an earnings inflection point ahead, while Citi maintained a Buy rating with a HKD 18.2 target, noting July contracted sales surged 28% YoY to RMB 15.1 billion. The broader sector also strengthened, with China Resources Land up 4.42% and Longfor Group up 2.07%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)