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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Overseas Land & Investment Limited    688   HK0688002218

CHINA OVERSEAS LAND & INVESTMENT LIMITED

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China Overseas Land 1Q Operating Profit Fell 25%

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04/23/2020 | 01:11am EDT

By Yi Wei Wong

China Overseas Land & Investment Ltd.'s first-quarter operating profit fell 25%, mostly due to lower sales caused by the Covid-19 pandemic.

Operating profit for the quarter was 5.61 billion yuan ($791.9 million), while revenue fell 15% to CNY20.68 billion, the property company said Thursday.

Contracted property sales fell 12%, it said, as the coronavirus epidemic caused significant sales declines for the first two months, before gradually recovering in March.

The company expects a recovery in the second quarter, it added.

 

Write to Yi Wei Wong at yiwei.wong@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
CHINA OVERSEAS LAND & INVESTMENT LIMITED -0.98% 25.25 End-of-day quote.-16.80%
LAND CO., LTD. 0.00% 10 End-of-day quote.-16.67%
THE NEW HOME COMPANY INC. -0.31% 3.23 Delayed Quote.-30.47%
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Financials
Sales 2020 221 B 28 576 M 28 576 M
Net income 2020 45 872 M 5 919 M 5 919 M
Net Debt 2020 7 090 M 915 M 915 M
P/E ratio 2020 6,03x
Yield 2020 4,58%
Capitalization 277 B 35 690 M 35 694 M
EV / Sales 2019
EV / Sales 2020 1,28x
Nbr of Employees 6 200
Free-Float 34,0%
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Technical analysis trends CHINA OVERSEAS LAND & INVE
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 33,29 HKD
Last Close Price 25,25 HKD
Spread / Highest target 57,9%
Spread / Average Target 31,9%
Spread / Lowest Target 10,5%
EPS Revisions
Managers
NameTitle
Zhi Chao Zhang Chief Executive Officer & Executive Director
Jian Guo Yan Chairman
Liang Luo Vice Chairman, COO, Chief Architect & EVP
Sai Kit Lui Chief Financial Officer
Lai Tai Fan Hsu Independent Non-Executive Director