Earnings Alerts

China Overseas Land & Investment (688) Earnings: May Contract Sales Plunge 32.9%, Strong Buys Signal Investor Confidence

  • China Overseas Land saw a significant drop in contracted sales.
  • Contract sales decreased by 32.9% in May 2024.
  • The total contracted sales for May 2024 amounted to 19.70 billion yuan.
  • Year-to-date (YTD) contracted sales reached 101.70 billion yuan by June 2024.
  • Despite sales decline, the company retains strong investor confidence.
  • Analyst recommendations include 35 buys and no holds or sells.

A look at China Overseas Land & Investment Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Overseas Land & Investment Limited, a company that provides real estate services and operates globally, has received a commendable rating based on Smartkarma Smart Scores. With a strong Value score of 4, the company appears to be attractively priced relative to its intrinsic value. Additionally, its Momentum score of 4 suggests a positive trend in the company’s stock performance, indicating it may be gaining investor interest.

While China Overseas Land & Investment scored a moderate 3 for Dividend, Growth, and Resilience, these factors still indicate steady performance in these areas. The company’s ability to maintain a resilient position, coupled with its growth potential, highlights a stable long-term outlook. Investors may find China Overseas Land & Investment an appealing option for potential growth and value in the real estate sector.

Summary: China Overseas Land & Investment Limited is a global real estate company that focuses on developing, managing, and investing in commercial properties. With a strong Value score of 4 and favorable Momentum score of 4, the company demonstrates potential for growth and value in the real estate market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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