A lot of property developers in Malaysia has tons of land bank. The issue is whether they have the financial resources to see through the challenges few years ahead. At this stage look for financial resilience rather than development potential
CHINESE stocks listed in Hong Kong advanced on Monday (Sep 4) after the nation rolled out further property support measures including lower down payments for homebuyers and looser mortgage rules at major cities.
The Hang Seng China Enterprises Index gained as much as 2.4 per cent, with property names China Resources Land and China Overseas Land & Investment leading the advance. A Bloomberg Intelligence gauge of developer shares jumped more than 5 per cent. The Hong Kong stock market was closed due to a typhoon on Friday. The CSI 300 Index of shares rose 1 per cent to add to Friday’s gains.
Shares of Country Garden Holdings jumped nearly 9 per cent. The distressed builder has wired a coupon payment coming due on a ringgit-denominated bond, according to people familiar with the matter.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Dakewlest
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Posted by Dakewlest > 2023-08-30 23:10 | Report Abuse
Road to 80 sen, soon. Hopefully.