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HKG:0688

10 stories mentioning HKG:0688Updated 3d ago

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Asia

Fitch Affirms China Overseas Land at 'A-', Outlook Stable

Fitch Ratings affirmed China Overseas Land & Investment's (HKG:0688) long-term issuer default rating at 'A-' with a stable outlook, according to a Thursday ratings commentary.The rating reflects support from ultimate parent China State Construction Engineering Corp (SHA:601668), citing the company's strategic importance to China's housing industry.Fitch expects China Overseas' operating cash flow to remain strong in 2026 before weakening from 2027 as China's new home-sales framework takes effectShares of the property developer fell 2% in recent trade.

HKG:0688SHA:601668
Asia

China Overseas Land & Investment's August Contracted Sales Slide 13%

China Overseas Land & Investment (HKG:0688) recorded contracted sales of 16 billion yuan and sales area of around 511,600 square meters in August, down 13% and 42% year over year, respectively.New land holdings in August comprised five land parcels in Beijing, Hong Kong, Ningbo, and Shanghai, with an attributable gross floor area of approximately 972,586 square meters, a Friday bourse filing showed.For the eight months ended Aug. 31, contracted sales jumped 10% to roughly 165.5 billion yuan, while sales area slipped 17% to 5.6 million square meters.As of Aug. 31, the property company logged 10.3 billion yuan in subscribed property sales.

HKG:0688
Asia

China Overseas Land Bags Shanghai Land Plot for 15 Billion Yuan

China Overseas Land & Investment (HKG:0688), a subsidiary of China State Construction Engineering (SHA:601668), won the bid for a land plot for 15 billion yuan, according to a Tuesday disclosure on the Shanghai bourse.The land plot in Putuo District, Shanghai, will be used for a real estate development project and has a total site area of approximately 119,200 square meters and a total gross floor area of about 397,000 square meters.The real estate company's shares fell 2% during the morning trade.

HKG:0688SHA:601668
Asia

China Overseas Land Posts Lower Profit in H1

China Overseas Land & Investment (HKG:0688) posted an attributable profit of 7.03 billion yuan for the first half of 2026, down from 8.60 billion yuan a year earlier.Earnings per share stood at 0.64 yuan, compared with 0.79 yuan in the year-ago period, according to a Wednesday Hong Kong bourse filing.Revenue increased year over year to 97.6 billion yuan from 83.2 billion yuan.The company declared an interim dividend of HK$0.23 per share.

HKG:0688
Asia

JD.com, China Resources Land Consortium Bags HK$1.03 Billion Northern Metropolis Contract in Hong Kong

A joint venture comprising six companies won the tender for the Hung Shui Kiu/Hia Tsuen development project in Hong Kong's Northern Metropolis with a bid of HK$1.03 billion, the Hong Kong Development Bureau said Monday.The six companies are subsidiaries of China Overseas Land & Investment (HKG:0688), China Merchants Land (HKG:0978), China Resources Land (HKG:1109), China Tourism Group, JD.com (HKG:9618), and Sino Land (HKG:0083).The consortium, operating as Hung Shui Kiu New Development, plans to invest approximately HK$16.8 billion in the nearly 11-hectare project, which is expected to create over 6,000 jobs.The project involves levelling three residential sites for roughly 3,000 units and building a JD.com-led smart logistics center, which is expected to open within 55 months, faster than the 99-month minimum requirement.The winning bidder will also level additional government sites and return them to the government by 2028, with recreational facilities to follow by 2033.

HKG:0083HKG:0688HKG:0978HKG:1109HKG:9618
Asia

China Overseas Land's July Contracted Sales Jump 28%

China Overseas Land & Investment (HKG:0688) recorded contracted sales of 15.1 billion yuan in July, up 28% year over year.Sales area for the month fell 17% to approximately 550,600 square meters, according to a Thursday Hong Kong bourse filing.New land holdings in July comprise five land parcels in Shenzhen, Taiyuan, Beijing, and Hong Kong with an attributable land premium of 13.9 billion yuan.

HKG:0688
Asia

China Overseas Land Logs 27.3 Billion Yuan in May Contracted Sales

China Overseas Land & Investment (HKG:0688) recorded contracted sales of around 27.3 billion yuan in May, up 14% from a year prior, according to a Thursday Hong Kong bourse filing.The property firm's sales area in the month rose 11% to approximately 905,500 square meters.For the five months ended May 31, contracted sales jumped 14% to 103 billion yuan, while sales area fell 6% to over 3.5 million square meters.As of May 31, the firm logged subscribed property sales of about 11.5 billion yuan.New land holdings for the month comprised two land parcels in Zhuhai and Suzhou with an attributable gross floor area of approximately 110,843 square meters and a land premium of 2.49 billion yuan.

HKG:0688
Asia

China Overseas Land's Contracted Sales Climb 20% in April

China Overseas Land & Investment (HKG:0688) recorded contracted sales of around 24.2 billion yuan in April, up 20% from a year prior, according to a Friday Hong Kong bourse filing.The property firm's sales area for the month rose 9% year over year to approximately 802,100 square meters.In April, new land holdings comprised four land parcels in Xi'an, Haikou, Changsha, and Ji'nan with an attributable gross floor area of around 501,931 square meters and attributable land premium of 3.04 billion yuan.One new land parcel was also acquired for a development project in Yuen Long District, Hong Kong.For the four months ended April 30, contracted sales jumped 14% to roughly 75.7 billion yuan, while sales area slipped 11% to 2.6 million square meters.As of April 30, subscribed property sales stood at about 11.6 billion yuan.

HKG:0688
Asia

China Overseas Land's Sales Rise 11% in Q1

China Overseas Land & Investment (HKG:0688) recorded contracted property sales of 51.5 billion yuan for the first quarter, up 11% from a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the developer were down nearly 1% in Thursday morning trade.Revenue for the period came in at 37 billion yuan, the filing said.

HKG:0688
Asia

MTR Awards Tender For Kam Sheung Road Phase 2 Project

MTR (HKG:0066) awarded the tender for the Kam Sheung Road Station Phase 2 project to a consortium made up of Sino Land (HKG:0083), China Overseas Land & Investment (HKG:0688), China Merchants Land (HKG:0978), and Great Eagle (HKG:0041), according to a statement Tuesday.The consortium will be entitled to the future ownership of the commercial portion of the development, MTR said.MTR received eight bids for the project after attracting 31 expressions of interest.The site is reportedly valued at HK$3.62 billion to HK$7.24 billion, or HK$3,000 to HK$6,000 per square foot, and is expected to provide about 1,290 flats across 1.21 million square feet.

HKG:0041HKG:0066HKG:0083HKG:0688HKG:0978

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