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China Overseas Land climbs on H1 revenue, contract sales growth

BUZZ-China Overseas Land climbs on H1 revenue, contract sales growth

** Shares of China Overseas Land 0688.HK climb 4.9% to HK$14.46, on course for the biggest one-day pct gain since May 6

** Stock touches the highest level since August 20, snapping three straight sessions of decline

** Top pct gainer in Hang Seng Property Index .HSNP, which is up 0.9%

** The property developer says its H1 revenue rose 17.3% y/y to 97.6 billion yuan ($14.52 billion), contracted property sales increased 11.8% y/y to 134.35 billion yuan, while profit attributable fell 18.2% y/y to 7.03 billion yuan

** YTD, stock up 17.6%, benchmark Hsng Seng Index .HSI up 0.3%

($1 = 6.7207 Chinese yuan renminbi)


(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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