Read this latest article here
It appears that ample notice was given to greedy investors who bought excessive properties to turn around for quick profits and were caught with huge debts as the share price of this big property firm starts to collapse...........
From 2009 to 2017, the share price was moving sideways, pretty boring and lack a strong buying...
WIthout the government stimulus, I think many of the Chinese Developers would go bankrupt....
Country Garden, the largest developer in China has peaked in 2018 at 18+ dollars and todate, it has dropped more than 97% of its share price to recover at a miserable 2.83 dollars. Financially, it is still on very shaky grounds as no one knows how long is stimulus would...
Last week we discussed the scenario of Hong Kong/China equity rebound due to the political environment change in China. HSI did end up close above the May open, creating a hammer candle in the monthly chart, and stood atop the 50 days moving average. Both showed strong bullishness from the chart perspective (Last week note here: )
As a continuation of the rebound...
During the six months through June, the company generated CNY 234.9 billion in revenue, with a year-on-year increase of 27%.
According to Country Garden's H1 2021 financial announcement:
- Revenue rose by 27%, reaching CNY 234.9 billion.
- Gross profit hit CNY 46.3 billion (up 3.1%), and the gross profit margin was 19.7%.
- Net profit was about CNY 22.4...
Short based on technical analysis. In addition, the new regulations are going to make the company loose a lot of money, as foreigners will not be allowed to live in the 100bn usd city project in Malasya. Short until 2007 touches support.
