China Overseas Land at 1-1/2-year high on property sales growth

China Overseas Land & Investment

11/05/2026 04:12

** China Overseas Land & Investment 0688.HK rises 3% to HK$16.4, highest since October 2024; on track for sixth straight session of gain

** Stock set for biggest one-day pct rise since May 7; third biggest pct gainer on Hang Seng Mainland Properties Index .HSMPI, which is up 0.8%

** Chinese property developer's contracted property sales for April 2026 rises 20% y/y

** From January to April 2026, accumulated contracted property sales rises 13.7% y/y, compared with 18.8% y/y drop a year ago

** YTD, stock up 33.6%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))