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Equity Bottom-Up

Country Group Holdings / Equity Bottom-Up

Country Garden Holdings Co. Ltd., one of China’s largest property developers, said it expects to report a record, multibillion-dollar net loss for the first half, raising further concerns as the company slides deeper into a debt crisis.Guangdong-based Country Garden estimated its net loss at 45 billion yuan to 55 billion yuan ($6.2 billion to $7.6 billion) for the first six months of 2023, compared with a net profit of 1.91 billion yuan a year ago, according to <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0810/2023081001200.pdf" target="_blank" rel="noopener">a Hong Kong exchange filing </a>late Thursday.The company warned July 31 that it would report red ink for the first half.

Country Garden Holdings Co. Ltd., one of China’s largest property developers, said it expects to report a record, multibillion-dollar net loss for the first half, raising further concerns as the company slides deeper into a debt crisis.Guangdong-based Country Garden estimated its net loss at 45 billion yuan to 55 billion yuan ($6.2 billion to $7.6 billion) for the first six months of 2023, compared with a net profit of 1.91 billion yuan a year ago, according to a Hong Kong exchange filing late Thursday.The company warned July 31 that it would report red ink for the first half.

Country Garden Expects to Report Record First-Half Loss

Thailand

Country Group Holdings Public Company Limited is a holding company based in Thailand. The Company, through its subsidiary, operates and provides securities brokerage, securities trading, securities underwriting, investment advisory services, mutual fund management, private fund management, securities borrowing and lending, and venture capital management.

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Country Group Holdings (CGH TB)

Country Garden Expects to Report Record First-Half Loss

Country Garden Holdings Co. Ltd., one of China’s largest property developers, said it expects to report a record, multibillion-dollar net loss for...

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