- China Res Land reported contracted sales of 9.19 billion yuan in February 2024.
- This represents a significant decrease of 62% compared to the same period last year.
- The year-to-date (YTD) contracted sales amounted to 20.61 billion yuan.
- In February 2023, the gross contracted Gross Floor Area (GFA) was approximately 456,505 square meters.
- This GFA has seen a decrease of 52.1% year-on-year.
- There have been 33 buys, with no holds or sells.
- All comparisons are based on values reported by the company’s original disclosures.
A look at China Resources Land Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 Resources Land Limited, a leading property developer in China, has received positive ratings in the Smartkarma Smart Scores. These scores, ranging from 1 to 5, indicate the company’s overall outlook in various aspects. With a value score of 3, dividend score of 4, growth score of 4, resilience score of 3, and momentum score of 2, China Resources Land has shown promising potential for long-term growth and stability.
As a company that focuses on property development and investment, China Resources Land has also diversified its services to include corporate financing and electrical engineering. This diversification, along with its strong scores in key areas, positions the company for continued success in the future. Investors looking for a stable and profitable company in the Chinese market may want to consider China Resources Land as a potential investment.
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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