C&D Property Management eyes best day in more than 11 weeks on upbeat earnings outlook

C&D Property Management

25/01/2024 02:41

** Shares of C&D Property Management Group Co Ltd  2156.HK 
climb 5% to HK$3.13 on the second session of gain, and on track
for the biggest one-day pct rise since Nov 6
    ** Chinese property management group expects its 2023 net
profit to rise by not less than 70% YoY due to an increase in
revenue from home furniture services and increase in gross floor
area of properties it managed  
    ** The Hang Seng Mainland Properties Index  .HSMPI  rises
1.9%, Hang Seng Composite Index on properties and construction
stocks  .HSCIPC  gains 0.9%, and Hang Seng Index  .HSI  up 0.8%
    ** Stock down 7.7% YTD 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))